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Business Headlines

Curated news from Bloomberg Business

Business Headlines

©2015 Bloomberg News NN4H0M6KLVR4 (Bloomberg) — BlackRock Inc. agreed to pay $12 million to settle U.S. regulatory claims that it failed to disclose a conflict of interest of a top portfolio manager. Daniel J. Rice III, a former money manager, invested client money in a BlackRock fund that had a

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Business Headlines

©2015 Bloomberg News NN2SO76JTSEE (Bloomberg) — Hedge funds increased bets on rising oil prices to an eight-month high on signs U.S. production is slowing. Speculators boosted their net-long position in West Texas Intermediate crude by 9 percent in the seven days ended April 14 to the highest since August, U.S.

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Business Headlines

©2015 Bloomberg News NN2SQR6JTSEC (Bloomberg) — Comcast Corp. and Time Warner Cable Inc. will meet with the U.S. Department of Justice this week to discuss their planned merger, and Comcast could ultimately walk away from the deal if concessions needed to win approval are too strict, according to people familiar

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Business Headlines

©2015 Bloomberg News NN2B5C6K50XS (Bloomberg) — DoubleLine Capital’s Jeffrey Gundlach, the bond manager who has beaten 99 percent of his peers over the past five years, said the full impact of the Federal Reserve’s “extreme policies” have yet to be felt in the market. The Fed has been “very well-intentioned,”

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Business Headlines

©2015 Bloomberg View NMV5G66JTSEA (Bloomberg View) — Yesterday, the Department of Labor released its proposed rules “to protect consumers from conflicts of interest in retirement advice” by requiring brokers to act in their customers’ best interests when dealing with individual retirement accounts. The concern is that a lot of retirement advice is provided

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Business Headlines

©2015 Bloomberg News NMXEOH6KLVR8 (Bloomberg) — Goldman Sachs Group Inc. and Blackstone Group LP were the toast of Wall Street in 2007 as they raised record-setting funds and earned returns of more than 30 percent. Eight years later, they captured some of that dominance again in the first quarter. Goldman Sachs

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Business Headlines

©2015 Bloomberg News NMXHBB6S972I (Bloomberg Politics) — CONCORD, New Hampshire—Former Florida Governor Jeb Bush took aim at current President Barack Obama on Thursday, saying the two-term Democrat has put his own legacy ahead of securing strong international pacts on behalf of the country. “This president wants to get deals for his

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Business Headlines

©2015 Bloomberg News NMVIVC6JTSEC (Bloomberg) — More than one in eight dollars of Dan Chamby’s $100 billion is already in Japanese shares, and the BlackRock Inc. money manager says he’s looking to add more. The Asian nation’s equities make up 14 percent of holdings across the funds that Chamby helps

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Business Headlines

©2015 Bloomberg News NMVGMB6JIJUZ (Bloomberg) — Netflix Inc. said its video-streaming service topped 62 million subscribers worldwide, as original shows such as “House of Cards” drew new viewers globally. The shares soared to a record high. U.S. subscribers jumped by 2.28 million in the first quarter, while international accounts rose 2.6

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Business Headlines

©2015 Bloomberg News NMTI016KLVRE (Bloomberg) — Billionaire Elon Musk’s SpaceX launched an unmanned Falcon 9 on a resupply mission to the International Space Station but narrowly missed a second attempt to recover the rocket’s first stage. The rocket, carrying its Dragon cargo spacecraft and 4,300 pounds (1,950 kilograms) of supplies and

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