U.S. Equities Extend Rebound Amid Optimism on Corporate Earnings
©2015 Bloomberg News NNU3FF6JIJUY (Bloomberg) — U.S. stocks rose, after the biggest gain in more than a month for the Standard & Poor’s 500 Index, amid optimism over corporate earnings. Comcast Corp. advanced after increasing its stock buyback. Berkshire Hathaway Inc. climbed 2 percent as lower fuel prices helped boost profits
Obama Library Going to His Adopted Hometown of Chicago
©2015 Bloomberg News NNNGE26TTDSA (Bloomberg) — President Barack Obama will build his library in Chicago, his adopted hometown and the city that shaped him as a young politician and propelled him onto the national stage, according to the Chicago Tribune. The library and museum will be located at the University
Tesla’s Musk Unveils Batteries for Home, Businesses, Utilities
©2015 Bloomberg News NNNLD86S972D (Bloomberg) — Tesla Motors Inc. Chief Executive Officer Elon Musk unveiled a suite of batteries to store electricity for homes, businesses and utilities, saying a greener power grid furthers the company’s mission to provide pollution-free energy. “Our goal here is to fundamentally change the way the
Alibaba Pulls Job Ad for Candidates With Pornstar Qualities
©2015 Bloomberg News NNNN1F6JTSEA (Bloomberg) — Alibaba Group Holding Ltd. withdrew a job advertisement seeking candidates who resemble a popular Japanese porn actress to motivate computer programmers after drawing criticism. Asia’s biggest Internet company advertised on its website for applicants who know how to praise the “code monkeys,” wake them
Oil Resumes Slide as U.S. Crude Supplies Seen Exacerbating Glut
©2015 Bloomberg News NNJOEC6K50XY (For more on oil, click EXT5 ) (Bloomberg) — Oil fell for the third time in four days before U.S. government data forecast to show crude stockpiles expanded further from a record. Futures dropped as much as 0.5 percent in New York. Crude inventories probably increased by
U.S. Steel Cuts 2015 Profit Forecast Amid Flood of Imports
©2015 Bloomberg News NNJIMJ6JIJUY (Updates with comment from analyst in eighth paragraph.) (Bloomberg) — U.S. Steel Corp. posted a surprise first- quarter loss and cut its full-year profit forecast after a flood of imports prompted the nation’s second-largest producer to idle capacity. Earnings before interest, tax, depreciation and amortization are
China Stocks Fall for Worst Two-Day Loss in Two Months on Profit
©2015 Bloomberg News NNJP2S6TTDS9 (Bloomberg) — China’s stocks fell for their steepest two- day loss since February on concern slowing economic growth is undermining earnings after companies from Anhui Conch Cement Co. to Yanzhou Coal Mining Co. reported declines in profit. Anhui Conch, the biggest cement producer, slid 2.3 percent
Korean Sex Slaves Dispute Hurts Obama’s Asia Strategy
©2015 Bloomberg News NNHTVS6S972K (Bloomberg) — President Barack Obama’s attempt to refocus his foreign policy on Asia is running into deep-seated animosities that are seared into the psyches of some U.S. allies in the region. Fostering closer cooperation between Japan and South Korea, North Asia’s largest democratic economies, is crucial
Gold Holds Near $1,200 as Dollar Retreats Before FOMC’s Meeting
©2015 Bloomberg News NNHSGR6TTDS0 (Bloomberg) — Gold held the biggest gain in almost three months to trade near $1,200 an ounce before Federal Reserve policy makers begin a two-day meeting on interest rates as data showed a mixed outlook for the U.S. economy. Bullion for immediate delivery traded at $1,199.75
George W. Bush Bashes Obama on Middle Eastern Policy: Josh Rogin
©2015 Bloomberg View NNFYF06JTSEH (Bloomberg View) — In a closed-door meeting with Jewish Donors Saturday night, former President George W. Bush delivered his harshest public criticisms to date against his successor on foreign policy, saying that President Barack Obama is being naïve about Iran and the pending nuclear deal and