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Business Headlines

Curated news from Bloomberg Business

Business Headlines

©2015 Bloomberg News NPY8GFSYF01S (Bloomberg) — Hedge funds retreated from bearish bets on agricultural commodities too soon as the U.S. government said crop supplies will keep getting bigger. Speculators cut the net-short position in wheat, dumping wagers on declines at the fastest pace since 2013, just before prices tumbled for

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Business Headlines

©2015 Bloomberg News NPSVDI6S972F (fixes typo in lede) (Bloomberg Politics) — Former President Bill Clinton defended contributions from Boeing Co. to his foundation while his wife was secretary of state, saying that the donations for efforts to rebuild Haiti after the 2010 earthquake were not connected to any advocacy by President

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Business Headlines

©2015 Bloomberg News NPSTUBSYF01T (Bloomberg) — Twitter Inc.’s lawsuit to allow it to make public the “limited” scope of U.S. government surveillance of its users may be irrelevant under a new law passed by Congress, a judge said. Twitter sued in October seeking to publish more precise numbers of so-called

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Business Headlines

©2015 Bloomberg News NPST2J6JIJUW (Bloomberg) — Nike Inc. won an eight-year deal to make uniforms for the National Basketball Association, taking over for Adidas AG after that company’s contract runs out in 2017. Nike will become the first apparel partner to have its logo appear on all on-court uniform designs,

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Business Headlines

©2015 Bloomberg News NPR76B6KLVRF (Bloomberg) — Google Inc. is backing a new business with the goal of bringing innovation and new technology into cities, aiming to improve urban life for residents, businesses and governments. The initiative, called Sidewalk Labs, will be headed up by Dan Doctoroff, a former deputy mayor

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Business Headlines

©2015 Bloomberg News NPR76T6JTSEA (Bloomberg) — Texas Governor Greg Abbott knows a good opportunity when he sees it. Abbott, a Republican, penned notes to executives at Connecticut-based General Electric Co., Aetna Inc. and Travelers Cos Inc. imploring them to pack up and move after lawmakers there raised taxes by more

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Business Headlines

©2015 Bloomberg News NPRCNT6TTDS8 (Bloomberg) — Betting that identical stocks will trade at similar prices in China and Hong Kong is proving a great way to lose money. The mainland premium on dual-listed shares has surged to an average 113 percent from 30 percent a year ago, burning anyone who

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Business Headlines

©2015 Bloomberg News NPP5EC6JTSEA (Bloomberg) — Facing a pivotal Supreme Court decision on the future of his signature health-care law, President Barack Obama said Tuesday that attacks on Obamacare should end now that millions of Americans depend on it for insurance coverage. “There’s something, I have to say, that’s just

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Business Headlines

©2015 Bloomberg News NPPBTB6JTSEH (Bloomberg) — Secret Service officials declared the White House briefing room safe after interrupting the daily news conference Tuesday and evacuating administration staff and reporters because of a bomb threat. Officers brought dogs to check inside the room, in the West Wing of the White House,

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Business Headlines

©2015 Bloomberg News NPPA1Q6K50Y7 (Bloomberg) — Tesla Motors Inc. will begin deliveries of the Model X sport utility vehicle in three to four months, keeping close to the timeline the electric-car maker laid out earlier this year, Chief Executive Officer Elon Musk said. “The Model X will be a better

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