
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

Can’t Decide How to Bet on U.S. Treasuries? Try Flipping a Coin
©2015 Bloomberg News NNFZ9X6K50Y8 (Bloomberg) — Can’t decide where Treasuries are going? The market’s recent performance shows it could go either way. U.S. government securities have swung between gains and losses for five weeks, reflecting uneven growth and Federal Reserve officials who are sending conflicting signals on when they may

Obama Tries to Close Deal on Free Trade With Democrats
©2015 Bloomberg News NNABWL6KLVRF (Bloomberg) — The White House is reaching the endgame in negotiating a trade accord with other Pacific Rim countries, though President Barack Obama hasn’t closed the deal with fellow Democrats. The administration has conducted more than 1,700 briefings with members of Congress since it began pushing

Dollar Remains Weaker as Jobs, Homes Data Make Fed Path Unclear
©2015 Bloomberg News NNAANF6K5114 (Bloomberg) — The dollar remained weaker against major currencies from Thursday as disappointing data raised doubts about the U.S. economic outlook and the willingness of the Federal Reserve to raise interest rates. The Bloomberg Dollar Spot Index, which tracks the currency against 10 major peers, fell

Amazon, Microsoft Get Profit From Cloud as Nasdaq Reaches Record
©2015 Bloomberg News NNAABH6K510D (Bloomberg) — Minutes after the Nasdaq Composite closed at a record, three of the biggest bellwethers in technology reminded the market precisely why investors are so bullish on companies that do business through the Web. Amazon.com Inc. for the first time broke out sales from its

Dollar Climbs to 120 Yen After U.S. Housing Sales Surge
©2015 Bloomberg News NN8FHK6JIJUP (Bloomberg) — The dollar climbed to 120 yen for the first time in a week after a jump in U.S. sales of previously owned homes backed speculation that the Federal Reserve will raise interest rates this year. The greenback held a three-day advance against the euro before