Independence Group Agrees A$1.8 Billion Deal to Buy Sirius
©2015 Bloomberg News NOVXI16K50XX (Bloomberg) — Independence Group NL. agreed to buy Sirius Resources NL for about $1.8 billion ($1.4 billion) in a cash and stock deal that gives it control of a nickel project with the lowest production costs in Australia. Sirius shareholders will receive the equivalent of A$4.38
A Well Thought Out Scream By James Riordan: Strange Sounds Heard Round the World
For over a decade now, people all over the world have been hearing and, in many cases, actually recording bizarre, unexplainable sounds. Now, we are not talking about a Foghat reunion tour. The sounds are very loud and while they do vary somewhat from occurrence to occurrence they have many
Gold Trims Biggest Weekly Drop Since April Before Inflation Data
©2015 Bloomberg News NOQBGE6TTDSC (Bloomberg) — Gold advanced to reduce a weekly loss as mixed U.S. economic reports clouded the outlook for when the Federal Reserve will boost interest rates. Bullion for immediate delivery rose 0.2 percent to $1,207.09 an ounce at 10:11 a.m. in Singapore after falling 0.4 percent
Longtime Twitter Cheerleader Chris Sacca Is Dropping the Pom-Poms
©2015 Bloomberg News NOQASM6S972B (Bloomberg Business) — Chris Sacca, an early investor in Twitter, has been perhaps the biggest advocate of the company. Now, he’s ready to speak his mind. Sacca, an investor with Lowercase Capital who says he still owns “a lot” of Twitter stock, explained in a blog post on Thursday that he
Clinton Foundation Discloses More than $12 Million in Speech Fees
©2015 Bloomberg News NOQ5O16JTSEE (Bloomberg Politics) — The Clinton Foundation on Thursday disclosed nearly 100 instances in which it was paid directly for speeches delivered by Bill, Hillary and Chelsea Clinton in the past dozen years. In all, the fees from those engagements total between $12 million and $26 million
U.S. Real Yield Is Highest Since 2009 If CPI Forecasts Are Right
©2015 Bloomberg News NOOG9O6KLVR7 (Bloomberg) — The falling U.S. inflation rate is making the world’s biggest bond market more appealing. Consumer prices probably slid 0.2 percent in April from the year before, based on a Bloomberg survey of economists before the Labor Department reports the figures Friday. If right, it
Rent Costs Beat Home Values in U.S. for First Time Since 2012
©2015 Bloomberg News NOOLS36S9728 (Bloomberg Business) — Add one more marker in the timeline of soaring rental costs: They just increased faster than home values for the first time since 2012. Rents grew 4 percent in the year ended in April, beating the 3 percent rise in home values over the same
Israel Fears Obama Won’t Protect Its Nuclear ‘Secret’: Eli Lake
©2015 Bloomberg View NOOHID6S9729 (Bloomberg View) — The Israeli government is worried the Obama administration will allow a U.N. conference this week to adopt a resolution that could compel Israel to acknowledge its nuclear arsenal. At issue is a proposal at the Nuclear Nonproliferation Treaty Review Conference that would empower
Income Inequality Is Actually Declining in Some Asian Countries
©2015 Bloomberg News NOMKDY6S972B (Bloomberg Business) — The gap between the rich and the poor has been growing across the world. But there is a handful of countries in the Asia-Pacific region where it has decreased, and it isn’t just the Piketty effect. The population-weighted mean Gini coefficient for the entire region rose
Los Angeles Vote for $15 Minimum Wage May Spread to Other Cities
©2015 Bloomberg News NOMKWC6K50Y0 (Bloomberg) — Los Angeles is set to become the largest American metropolis to raise its minimum wage to $15 an hour, in a decision its top labor official said should inspire other large U.S. cities to follow suit. The City Council Tuesday voted to raise the
