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Business Headlines

Curated news from Bloomberg Business

Business Headlines

©2015 Bloomberg View NS9OV76JTSEB (Bloomberg View) — Normally when a terrorist leader like the Taliban’s Mullah Omar is reported dead, it’s good news for the counter-terrorism world. Think Osama bin Laden in 2011. President Obama boasted about that victory all the way to the next election. But experts and U.S.

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Business Headlines

©2015 Bloomberg News NSA0BT6KLVR6 (Bloomberg) — Patience is a rare investor virtue. Mark Zuckerberg thinks he has the track record to ask for it. Facebook Inc. had just reported second-quarter revenue Wednesday that beat analysts’ estimates, and on a conference call some of the same analysts asked the chief executive

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Business Headlines

©2015 Bloomberg News NS85AJ6K50Y8 (Bloomberg) — Just south of Rio de Janeiro, along a strip of coastline known for its white-sand beaches and high-end resorts, Brazil’s next big corruption scandal is starting to unfold. This one bears striking similarities to the colossal bribery case that has engulfed state-run oil giant

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Business Headlines

©2015 Bloomberg News NS84AI6KLVRA (Bloomberg Politics) — As far Donald Trump is concerned, Mike Huckabee has nothing to apologize for. In an interview with Fox News’ Greta Van Susteren, Trump took aim at the Obama administration’s deal with Iran and stood up for Huckabee’s Holocaust analogy in which the former

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Business Headlines

©2015 Bloomberg News NS83JR6KLVR6 (Bloomberg) — Twitter Inc. executives had a clear message for investors on Tuesday: We have a lot of work to do, and don’t expect great progress anytime soon. After reporting quarterly sales that topped estimates, interim Chief Executive Officer Jack Dorsey and Chief Financial Officer Anthony

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Business Headlines

©2015 Bloomberg News Richard Rubin (Bloomberg) — Republicans in the U.S. House called for the firing of IRS Commissioner John Koskinen, saying the man brought in to turn around the tax agency has lost their trust. Twenty-one House Republicans signed a letter calling on President Barack Obama to dismiss Koskinen.

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Business Headlines

©2015 Bloomberg News NS65YW6K50Y5 (Bloomberg) — Oil extended declines in a bear market amid signs producers from the Middle East to the U.S. will continue adding supplies amid a global glut. Futures slid as much as 1 percent in New York, dropping for a fifth day. Oil exports from southern

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Business Headlines

©2015 Bloomberg News NS69A66JIJUP (Bloomberg) — Insurance companies are cutting back on their coverage of Toys “R” Us Inc. suppliers, bringing another headache to a retailer that has suffered more than two years of losses, people familiar with the matter said. Coface SA and Euler Hermes Group, which sell credit

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Business Headlines

©2015 Bloomberg View NS3OC36JTSE8 (Bloomberg View) — One of the best-loved stories about the squeeze on middle-class incomes in the U.S. concerns the long- term divergence between wages and productivity. This goes as follows: Wages have stagnated for decades even as output and profits kept going up. Owners of capital

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Business Headlines

©2015 Bloomberg View NS0DHR6KLVR6 (Bloomberg View) — Hillary Clinton does not like short- term investments. This I gather from her recent pronouncements upon the subject, and also, her new plans to tax capital gains on a sliding scale depending on how long you hold the asset. I have one thought

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