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Business Headlines

Curated news from Bloomberg Business

Business Headlines

©2015 Bloomberg View NXQE486K50Y7 (Bloomberg) — Oil extended a decline from the lowest close since August as U.S. stockpiles increased more than analysts forecast, exacerbating a global glut. Futures lost as much as 0.9 percent in New York and were down 6.4 percent for the week. Inventories rose by 4.22

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Business Headlines

©2015 Bloomberg News NXQI976S972B (Bloomberg) — As part of a massive advertising blitz that eventually drew regulators’ attention, daily fantasy sports operators spent money on signs, lounges and Jumbotron ads in major league arenas. Now facing legal challenges in several states, at least one of the biggest daily fantasy sites

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Business Headlines

©2015 Bloomberg News NXOGLE6K50XY (Bloomberg) — The greenback encountered more headwinds, while energy companies drove Asian stocks lower as investors mulled oil’s slump to a two-month low and the prospect of more divergence in global central bank policy. The euro made some inroads, climbing for a second day as the

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Business Headlines

©2015 Bloomberg News NXODN16K50Y6 (Bloomberg) — It was the murder — execution-style, in broad daylight — of a friend and fellow farmer in the Colombian countryside that prompted German Sanchez to finally heed government calls to get out of the cocaine trade and plant cocoa instead. Six years later, market

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Business Headlines

©2015 Bloomberg View NXOAYN6JTSEA (Bloomberg View) — It’s official: Thanks to Benjamin Netanyahu, the Center for American Progress is no longer a safe space for progressives. At least this is the considered opinion of about a dozen of the liberal think tank’s staff members who endorsed a 13- paragraph statement expressing how

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Business Headlines

©2015 Bloomberg View NXMFO06KLVR4 (Bloomberg View) — What will Britain’s Prime Minister David Cameron do if he fails to get all or some of the reforms he is demanding from the European Union? On Tuesday he threatened to lead the U.K. out of the union, but let’s hope he’s bluffing.

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Business Headlines

©2015 Bloomberg News NXMKT66JIJV9 (Bloomberg) — The dollar is stuck near a decade high against major counterparts as traders look to stocks as a gauge of risk sentiment to withstand higher U.S. interest rates. The greenback reached a six-month high against the euro Tuesday as markets price in the possibility

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Business Headlines

©2015 Bloomberg News NXMKZT6JIJUV (Bloomberg) — Tim Cook will need to convince Indian Prime Minister Narendra Modi that the iPhone is cutting edge if the Apple Inc. chief executive officer is to gain easier access to what will be the world’s second-largest smartphone market. The government on Tuesday said it

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Business Headlines

©2015 Bloomberg View NXKJ2B6JTSED (Bloomberg View) — In the race for the Republican nomination for president, Ben Carson and Donald Trump are basically co-leaders in the polls. For now, they dominate the Republican field. Carson is running an “outsider” campaign, has no significant experience in politics or government and reveals

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Business Headlines

©2015 Bloomberg News NXKIUS6K50Y8 (Bloomberg) — Hedge funds picked just the right time to boost bearish bets on Treasuries by the most since March 2013. Large speculators including hedge funds increased net short positions in 10-year notes by 128,601 contracts to 164,264 in the week ended Nov. 3, data from the Commodity Futures Trading

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