Noble Energy Sees Israeli Gas Discoveries Starting in Five Years
©2015 Bloomberg News NX7TO46KLVR7 (Bloomberg) — Noble Energy Inc. expects to formally approve at least one natural gas development in waters off the coast of Israel by the end of next year. Gas would probably begin to flow from one or both of the discoveries three to four years after
Matt Levine’s Money Stuff: Prescriptions and Golden Swanicorns
©2015 Bloomberg View NX19NU6KLVR6 (Bloomberg View) — Oops, Valeant. One thing that I will say about Valeant is that I am not at all an expert in U.S. health insurance law and practice, and you probably aren’t either. So it is just about possible that this is not as bad as
Consumer Spending in U.S. Rose Less Than Forecast in September
©2015 Bloomberg News NX19KZ6LUTZ1 (Bloomberg) — Household spending rose less than forecast in September, showing the biggest part of the U.S. economy ended a strong quarter on a weak note. Purchases increased 0.1 percent, the smallest gain since January, after rising 0.4 percent in August, Commerce Department figures showed Friday
These Are The Charts That Scare Wall Street
NX195Q6KLVR7 (Bloomberg) — Sometimes, there are announcementsthat send chills down Wall Street’s collective spine. Other times, it’s a well-defined trend portending disaster or threatening to upend the status quo that inspires fright. With Halloween just around the corner, we asked some of Wall Street’s brightest for the charts that are more
Coal Prices So Low This Producer Is Eating Fees to Avoid Exports
©2015 Bloomberg News NWYFHX6JIJUY (Bloomberg) — American coal producer Cloud Peak Energy Inc. has agreed to pay quarterly fees to a Canadian port owner to avoid sending more exports abroad amid a slump in Asian demand and a stronger U.S. dollar. Cloud Peak Energy is making the payments to Westshore
Oil Companies Curtail Spending on Everything–Except Dividends
©2015 Bloomberg News NWYBGZ6KLVRL (Bloomberg) — Oil executives are standing by promises to protect dividend payouts from the collapse in crude prices even as they fire workers, cancel drilling projects and sell everything from oil fields to aircraft to conserve cash. Exxon Mobil Corp., the world’s biggest oil explorer, declared
Traveling the World by Container Ship: A Sheep Farmer Turned Sea Dog’s Advice
©2015 Bloomberg News NWYDX96JTSE9 (Bloomberg) — From tumultuous oceans to raw steak dinners, John McGuffick has had a few hairy moments at sea. But the retired Australian farmer says there’s no better way to see the world than from a budget berth on a cargo ship. McGuffick, 72, took his
Twitter Results Underline Jack Dorsey’s Turnaround Challenge
©2015 Bloomberg News NWWHJ6SYF01V (Bloomberg) — Twitter Inc.’s turnaround isn’t going to be easy. Even as Jack Dorsey has sought to be candid about the company’s challenges, Twitter’s results continue to fall short of expectations, with a fourth-quarter sales outlook that may miss estimates and another slowdown in user growth.
Blind Paralympic Judoka Fights to Land Jobs for Japan’s Disabled
©2015 Bloomberg News NWWMZL6K50Y9 (Bloomberg) — Law graduate Yusuke Hatsuse says he thought his college degree and national sporting success would make him an attractive recruit for Japan’s best known employers. When none invited him for interviews, he applied for virtually every job he could find. “I only heard back
For Strategic Oil Reserve, Question May Be How Low Can You Go?
©2015 Bloomberg News NWWIK16JIJV4 (Bloomberg) — Eight years ago, then-President George W. Bush called on Congress to double the size of the Strategic Petroleum Reserve to 1.5 billion barrels. Now, with U.S. imports and demand dropping, the question has become: How low can it go? Under a budget deal reached