Dollar Dials Back as Yuan Crimps Rate Bets; Japan Stocks Retreat
©2015 Bloomberg News NSZW976KLVR7 (Bloomberg) — The dollar remained on the back foot, sliding versus Korea’s won as investors cut bets on higher U.S. interest rates after China’s shock devaluation. The yuan rose in offshore trading, while Japanese stocks extended losses. The greenback traded near its weakest level this month
The Top Questions Facing Alphabet, the New Google Conglomerate
©2015 Bloomberg News NSXTEP6S972A (Bloomberg Business) — As Google Inc. reorganizes into Alphabet Inc., the conglomerate has promised a new era of transparency. Now, investors and analysts are working on wish lists of the kind of information they want to see from the Web company. Chief Executive Officer Larry Page said
South Sudan Sees No Agreement on Peace Before Aug. 17 Deadline
©2015 Bloomberg News NSXOT46K50XX (Bloomberg) — South Sudan’s warring factions haven’t made progress on a peace deal and it seems likely that no breakthrough will be reached by the Aug. 17 deadline, Information Minister Michael Makuei Lueth said. “None of the outstanding issues that were left pending in other negotiations
Foreign Buyers Aren’t Ruining Great Cities: Justin Fox
©2015 Bloomberg View NSXSFQ6S972A (Bloomberg View) — London, as we have all heard, has been taken over by foreign oligarchs who hardly ever visit their dwellings, pricing out regular hard-working intellectuals and dulling the city’s vibrancy. But if that’s the case, Janan Ganesh writes in the Financial Times, why is
S&P 500 to Add Second Class of Shares for Fox, Comcast, News
©2015 Bloomberg News NSW4JXSYF01S (Bloomberg) — Building on a change it began last year with Google Inc.’s stock split, S&P Dow Jones Indices will add additional share classes for Twenty-First Century Fox Inc., News Corp. and Comcast Corp. to the Standard & Poor’s 500 Index. The action will bring the
‘B Is for Buffett’ in Page’s Plan to Mold Google After Berkshire
©2015 Bloomberg News NSW6S56JIJUX (Bloomberg) — Google Inc. Chief Executive Officer Larry Page speaks affectionately of fellow billionaire Warren Buffett’s approach to business. With the decision to restructure the Internet-search giant, Page is putting Buffett’s influence into practice. Page on Monday said he’s restructuring Google so that all units outside
Mormons’ American Dream Includes the Boy Scouts: Noah Feldman
©2015 Bloomberg View NSD1AY6S9728 (Bloomberg View) — The upcoming decision by the Church of Jesus Christ of Latter-day Saints on whether to break ties with the Boy Scouts of America over the admission of gay scoutmasters matters to the Scouts because, as of 2013, LDS-affiliates make up 17 percent of
Ben Carson Says Uproar Over Donald Trump Comments Not About Political Correctness
©2015 Bloomberg News NSTQL56JTSE9 (Bloomberg Politics) — Ben Carson knows from political correctness. During a Sunday appearance on Meet the Press, the retired neurosurgeon and Republican presidential hopeful sought to distinguish the uproar over remarks made by Donald Trump about Fox News host Megyn Kelly from the garden variety political
Get Ready for Slower U.S. Hiring With Yellen’s Job Goals Nearing
©2015 Bloomberg News NSO2QN6S972H (For more economic analysis, see Benchmark.) (Bloomberg Business) — Is it time to start lowering expectations on what constitutes a healthy job market? Since the start of 2013, payrolls have climbed at an average monthly pace of 225,000. And government data out tomorrow is expected to show
Look How Much Your Peers Are Saving for Retirement (You Loser)
©2015 Bloomberg News NSPM0H6KLVRR (Bloomberg Business) — What if people in your age and income brackets put an average of 8 percent of their salaries into their 401(k) plans, and the top 10 percent squirreled away 15 percent— and you could see it all on your plan’s website? And what if