Emerging Stocks, Currencies Gain as Economic Confidence Returns
©2015 Bloomberg News NX9F936K50XZ (Bloomberg) — Emerging-market assets rose for a third day as increasing confidence that the global economy is stabilizing outweighed concern that a pending increase in U.S. borrowing costs will lure money away from developing nations. Colombia’s peso led gains in currencies, strengthening 3.5 percent against the
Trump’s Tax Plan Is Still Unclear on How He’d End Up Paying More
©2015 Bloomberg News Margaret Collins (Bloomberg) — Though Donald Trump devotes an entire chapter of his just-published book “Crippled America” to his tax proposal, it remains difficult to see how it will have a detrimental effect on the Republican presidential candidate’s bottom line—as he has often claimed while pitching the
Activision to Buy Candy Crush’s Maker in $5.9 Billion Deal
©2015 Bloomberg News NX85L36TTDSC (Bloomberg) — Activision Blizzard Inc. agreed to buy King Digital Entertainment Plc for $5.9 billion, unifying console and PC games Call of Duty and World of Warcraft with the leading mobile game Candy Crush Saga. Activision will pay $18 a share in cash, a 16 percent
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