Bloomberg Business: Oil Pares Slide on Record Supplies; Asian Futures Rise After Fed
©2015 Bloomberg News Emma O’Brien (Bloomberg) — Oil rose following its steepest retreat in two months after U.S. crude inventories jumped to a record, fueling concern over a glut in the commodity. Most Asian stock futures climbed amid gains in the U.S., while gold held losses. West Texas Intermediate crude
Bloomberg Business: India Rating Outlook Raised by Moody’s on Growth Prospects
©2015 Bloomberg News Sharon Chen (Bloomberg) — India’s credit rating outlook was raised to positive by Moody’s Investors Service, signaling optimism in the efforts of Prime Minister Narendra Modi and central bank chief Raghuram Rajan to improve Asia’s No. 3 economy. The country’s Baa3 rating was affirmed and the outlook
Bloomberg Business: Deferred Oil Well Completions Keeping Supply Out of U.S. Market
©2015 Bloomberg News NMIDR86K50Y5 (Bloomberg) — Companies delaying the completion of wells that have been drilled are keeping 373,000 barrels a day of oil out of the market, energy intelligence firm Genscape Inc. said. Six companies announced plans to defer completing a total of 845 drilled wells this year, Genscape
Bloomberg Business: Samsung’s New S6 Smartphones Fuel Optimism for Profit Rebound
©2015 Bloomberg News NMGNKE6JIJUX (Bloomberg) — Samsung Electronics Co.’s S6 smartphones debuting Friday are raising analyst expectations for the first profit gain in six quarters as the company battles Apple Inc. for leadership in the global mobile market. Operating income will jump to more than 8 trillion won ($7.4 billion) in
Bloomberg Business: The Wrong Way to Save for Americans’ Retirement: Megan McArdle
©2015 Bloomberg View NMGIMF6KLVRK (Bloomberg View) — It is a truth universally acknowledged that Americans are underprepared for retirement. And given this sad fact, there’s a growing movement on the left saying we need a government solution, stat: specifically, an expansion of Social Security benefits. Perhaps you are confused. Weren’t we just
Bloomberg Business: Workers to Shop for Health Plans as Employers Quit Benefits
©2015 Bloomberg News NMGHLG6K50Y5 (Bloomberg) — A growing number of Americans are no longer getting health insurance directly from work as companies quit administering benefits, sending about 40 million people to shop for their own coverage by 2018, a new study estimates. Instead of picking a companywide health plan, employers are
Bloomberg Business: Contrarian-Investor Payoff Seen Lasting in U.S. Stock Turnaround
©2015 Bloomberg News NMEHX16TTDSC (Bloomberg) — Going against the crowd is becoming a rewarding strategy for U.S. stock investors after a period of poor performance, according to Thomas J. Lee, managing partner and head of research at Fundstrat Global Advisors LLC. As the attached chart illustrates, the Dow Jones U.S. Contrarian
Bloomberg Business: Google’s YouTube Kids Accused by Consumer Groups of Ad Deception
©2015 Bloomberg News NMEJ466TTDSR (Bloomberg) — Google Inc.’s YouTube Kids app violates safeguards for children by deceptively blending advertising and programming, according to consumer groups that are asking U.S. regulators to investigate the company. The video service’s branded channels for Barbie, Lego, McDonald’s and other products show mostly advertising, and user-
Bloomberg Business: Utility Sales Could Drop by Half as Homes Make Their Own Power
©2015 Bloomberg News NMEMES6KLVRL (Bloomberg) — Utilities in the U.S. Northeast stand to lose as much as half of residential sales by 2030 as customers install solar and battery-storage systems and generate their own power, according to a report by the Rocky Mountain Institute. Residential and commercial customers who opt for
Bloomberg Business: Wheat’s Roller-Coaster Ride Fuels Biggest Swings in Three Years
©2015 Bloomberg News NM58JC6K50Y1 (Bloomberg) — Wheat traders are suffering from whiplash. Prices swung more than 3 percent on five occasions in the past nine days, the first time that’s happened since 2011, according to data compiled by Bloomberg. A drought spreading over the U.S. plains sent Chicago futures to
