Why Asia Bankers Aren’t Satisfied With $552 Billion in Deals
©2015 Bloomberg News NQU8R96TTDS9 (Bloomberg) — Asian investment bankers are watching the region’s busiest deal spree on record, with upwards of a half trillion dollars in acquisitions this year. They still aren’t popping the champagne corks. Cross-border deals accounted for 42 percent of the region’s deal volume through June, the
U.S. Stocks Halt Quarter Win Streak, Treasuries Fall With Dollar
©2015 Bloomberg News NQRZ0I6TTDS6 (Bloomberg) — U.S. stocks halted a nine-quarter winning streak and European equities capped the worst three months since 2012 as Greece hurtled toward an uncertain financial future. Treasuries clinched the first quarterly retreat since 2013 with the Federal Reserve poised to raise interest rates this year.
Obama to Expand Overtime Eligibility for Millions of Workers
©2015 Bloomberg News NQRZE16K50Y1 (Bloomberg) — The Obama administration plans to raise the wages of millions of Americans who work more than 40 hours a week by requiring employers to pay them overtime. Workers who earn as much as $970 a week would have to be paid overtime even if
Jeb Bush Made $29 Million After Leaving Office, Tax Returns Show
©2015 Bloomberg News NQRZHM6JTSEC (Bloomberg Politics) — Jeb Bush made $29 million in the first seven years after he left public office, dramatically increasing his wealth during a recession, a financial crisis and the Obama presidency he has criticized. Bush’s tax returns, released Tuesday, show how the former Florida governor
Why Isn’t Twitter Paying More Attention to Its Black Users?
©2015 Bloomberg News NQQA2F6KLVR9 (Bloomberg Business) — Tristan Walker, a prominent black entrepreneur in Silicon Valley, logged onto Twitter after putting his kids to bed last night and found that the BET Awards were dominating his feed. The Black Entertainment Television program had also captured several slots on Twitter’s list of trending topics.
AOL to Take Over Microsoft’s Display Ad Business, Use Bing
©2015 Bloomberg News NQQAKLSYF01T (Bloomberg) — Microsoft Corp. is getting out of Web display advertising, with AOL Inc. taking over the business and letting the software maker focus on mobile and cloud computing. AOL will use Microsoft’s Bing Internet search engine instead of Google Inc. as part of the 10-year
Britain Must Give More Incentives for Clean Energy, Adviser Says
©2015 Bloomberg News NQPQI06S972H (Bloomberg) — U.K. ministers must extend incentives for low-carbon energy production to spur investments into the next decade, the government’s global-warming adviser said. Clear policies are required now to ensure Britain stays on course to meet self-imposed greenhouse-gas limits, the Committee on Climate Change said Tuesday
Greece Imposes Capital Controls, Banks Close to Contain Fallout
©2015 Bloomberg News NQOJKT6S9728 (Bloomberg) — Greece moved to avert the collapse of its financial system by shutting lenders and imposing capital controls as of Monday, a measure that will deepen the country’s recession and risk driving it toward an exit from the euro. The move to husband resources followed
Treasuries Surge With Aussie, Japanese Bonds Amid Greece Turmoil
©2015 Bloomberg News NQOJUB6K50XS (Bloomberg) — Treasuries surged along with government bonds in Australia and Japan, as Greece leader Alexis Tsipras’s decision to call a referendum on aid conditions scotched speculation the Mediterranean nation would reach a deal with creditors. Yields on benchmark 10-year U.S. notes headed for the biggest
Terror Attack Leaves French Town Grappling With Fear and Hatred
©2015 Bloomberg News NQNWHQSYF01S (Bloomberg) — The French town where a terrorist decapitated a man and targeted a gas plant is now grappling with the aftermath: a climate of heightened suspicion and division among its 6,000 residents. Neighbors came in groups — walking and peering out car windows — to