Facebook ‘Spam King’ Guilty for Sending 27 Million Messages
©2015 Bloomberg News NTM8GW6VDKHW (Bloomberg) — A Las Vegas man pleaded guilty to sending more than 27 million unsolicited messages through Facebook Inc. servers after gaining access to about 500,000 accounts on the social network, according to prosecutors. Sanford Wallace, 47, known as the “Spam King,” admitted to his mass
China Stocks Extend Biggest Plunge Since 2007 on Support Doubts
©2015 Bloomberg News NTM8W16K50XW (Bloomberg) — Chinese stocks slumped for a fourth day, extending the steepest rout since 2007, on concern the government is paring back support for the market. The Shanghai Composite Index tumbled 4.5 percent to 3,065.25 at 10 a.m. local time, heading for the lowest close in
Was This a Flash Crash? And Other Questions About Monday’s Swoon
©2015 Bloomberg News NTM3VM6K50YG (Bloomberg) — U.S. investors were jittery on Monday morning after fears of an economic slowdown had rocked markets around the world. Their concern was realized when the Standard & Poor’s 500 Index plunged 5.3 percent in the opening minutes of trading, the biggest intraday loss in four
A Brutal Week in Markets. What Comes Next?: Mohamed A. El-Erian
©2015 Bloomberg View NTGB576KLVS6 (Bloomberg View) — Investors around the world will be looking to next week with some anxiety as they lick their wounds. A brutal week of losses was accentuated by an unpleasant close for the U.S. stock markets that saw the Dow Jones Industrial Average plunge more than 500 points (3 percent)
U.S. Stock-Index Futures Decline After Steepest Slump Since 2011
©2015 Bloomberg News NTK9ZU6JTSE9 (Bloomberg) — Index futures signaled a deepening slump in the world’s biggest stock market after U.S. equities ended last week down the most in almost four years. Contracts on the Standard & Poor’s 500 Index slid 0.5 percent to 1,961.50 as of 10:42 a.m. in Sydney
Lundberg Says U.S. Gasoline to Extend Slump on Crude’s Rout
©2015 Bloomberg News NTJZCF6KLVR5 (Bloomberg) — U.S. gasoline prices at the pump will extend a decline after crude oil tumbled to a six-year low, said Trilby Lundberg, the president of Lundberg Survey Inc. “Retail price cuts are in the cards” for gasoline, Lundberg said Sunday in a telephone interview. “It
Islamic State’s Attempt to Push Egypt Into Chaos: Noah Feldman
©2015 Bloomberg View NTE4K26S972I (Bloomberg View) — Who is blowing up Egypt? Thursday’s car bombing in Cairo, which destroyed a national security force building and injured dozens, will be just a blip on the international headlines. But the bombing, along with a string of similar attacks, matters existentially in Egypt,
Global Correction Seen as U.S. Stocks Succumb to Broad Selloff
©2015 Bloomberg News NTES5Y6K50XU (Bloomberg) — Currency and equity markets from Hong Kong to Johannesburg and Istanbul were already faltering. Then U.S. stocks joined in. The stresses that have been building in global markets roared ashore in America Thursday as the Standard & Poor’s 500 Index tumbled the most in
Huckabee Hunts for Funds, Support in Israeli West Bank Settlement
©2015 Bloomberg News NTCAKS6JTSEB (Bloomberg Politics) — Republican presidential candidate Mike Huckabee is seeking funds and support in a community the U.S. and virtually every other country in the world condemns as an impediment to peace. The former Arkansas governor and Fox News commentator held a fundraising event Tuesday in the Israeli
China Wants Great Power, Not Great Responsibility: William Pesek
©2015 Bloomberg View NTCNS86KLVRF (Bloomberg View) — Forty-three years after Richard Nixon made his famous visit to China, that country has seemingly decided to take a page from the former U.S. president’s Treasury Department. As China lowers the value of the yuan, the country’s economic policy makers are mimicking the