Big Banks Accused of Monopolizing Interest Rate-Swap Market
©2015 Bloomberg News NYED7N6JIJUS (Bloomberg) — Twelve of the biggest dealers in the interest-rate swap trading market were accused in a lawsuit of conspiring to block fund managers from entering the exchange market. The antitrust complaint filed in New York federal court by a public pension fund names most of
Netanyahu Gives Kerry Conditions for Aiding Palestinians
©2015 Bloomberg News NYC9RS6S972D (Bloomberg) — Israeli Prime Minister Benjamin Netanyahu told visiting U.S. Secretary of State John Kerry that the wave of attacks by Palestinians must subside before his government agrees to take steps to improve conditions in the West Bank. Netanyahu, who has blamed incitement by Palestinian leaders
Chicago Pension Ruling Seen a Loss as Retirement Costs Climb
©2015 Bloomberg News NYAH266JIJUU (Bloomberg) — As Chicago awaits the ruling on whether Mayor Rahm Emanuel’s plan to save its retirement funds from insolvency is dead or alive, investors are already marking the fight down as a loss that will strain city coffers and boost pension costs by billions. Conning,
Bromance on the Rocks: Surging Ted Cruz Begins to Poke Donald Trump
©2015 Bloomberg News NYC27H6S972X (Bloomberg) — Ted Cruz’s moment has arrived. Less than 10 weeks before Iowa voters their cast the first votes of the presidential campaign season in Feb. 1 caucuses, a new Quinnipiac poll shows the Texas senator statistically tiedwith Republican presidential front-runner Donald Trump for the lead in
In ‘Overcrowded’ Food Delivery Market, Venture Capitalists Are Still Hungry for More
©2015 Bloomberg News NYAFTG6S972A (Bloomberg) — Just eight months after raising $40 million from venture capitalists, DoorDash is making another run. The San Francisco food delivery startup is in talks to raise financing at a valuation of at least $1 billion, said people with knowledge of the matter. Sequoia Capital,
Dollar Holds Gain on Liftoff Odds With U.S. Growth Upgrade Seen
©2015 Bloomberg News NYAKNA6K50Y2 (Bloomberg) — The dollar maintained an advance against most major peers as the odds of a December interest rate increase climbed, with data due Tuesday forecast to show the U.S. economy last quarter expanded more than previously reported. The greenback traded near a seven-month high against the
Tesla Motors Invites Customers to Personalize Model X SUV
©2015 Bloomberg News NYANJZ6JIJV0 (Bloomberg) — Tesla Motors Inc. kicked off sales of its Model X sport utility vehicle Monday by inviting those who reserved a car the chance to give the company their personal specifications and by announcing the SUV’s price starts at $80,000 before federal tax credits or
Clinton’s Weaknesses Hidden by Republican Chaos: Albert R. Hunt
©2015 Bloomberg View NY87XX6KLVR4 (Bloomberg View) — There’s cause for concern in Hillaryland, the constellation of Democratic advisers, supporters and politicians counting on the former secretary of state to lead the party to a sweeping victory next November. Hillary Clinton’s nomination is almost a forgone conclusion, barring any unlikely legal
Tesla P90D Review: Elon Musk Wants Your Sedan to Be Ludicrously Fun
©2015 Bloomberg News NUGR4M6JTSEM (Bloomberg Business) — Elon Musk likes to have fun. Sure, his schedule these days is full, managing SpaceX and developing Tesla’s game-changing Model X, a gullwing electric SUV. But he’s also the guy who sent a block of cheese into space as an inside joke, who
Oil Slides as Venezuela Sees Mid-$20 Crude If OPEC Doesn’t Act
©2015 Bloomberg News NY8T776JTSEK (Bloomberg) — Oil extended its decline as Venezuela predicted prices may drop as low as the mid-$20s a barrel unless the Organization of Petroleum Exporting Countries takes action to stabilize the market. January futures fell as much as 1.1 percent in New York after front-month prices slid