Bloomberg Business: Good Friday May Be Friday the 13th for Bonds as Jobs Data Loom
©2015 Bloomberg News NM5N726K50YK (Bloomberg) — The most dangerous time for the Treasury market this month will be when the U.S. issues its employment report Friday, if February and March are any guide.Benchmark 10-year yields jumped 14 basis points on Feb. 6 and 13 basis points on March 6, the
Bloomberg Business: McDonald’s Hourly Pay Raise Fails to Satisfy Its Labor Critics
©2015 Bloomberg News NM5I5J6K510M (Bloomberg) — Labor organizers have a message for McDonald’s Corp.: Nice try, but the protests will continue. The Fight for $15 campaign, which began calling for fast- food chains to raise wages and allow workers to unionize in 2012, wasn’t mollified by McDonald’s announcement Wednesday that it
Bloomberg Business: No Joke, U.S. Treasuries Tend to Rally in the Month of April
©2015 Bloomberg News NM3SNX6JIJV0 (Bloomberg) — Treasuries tend to rally in the month of April. U.S. government securities have advanced in the period every year from 2010 to 2014, according to data compiled by Bloomberg. One theory for the gain is that Japanese investors are buying as they begin their fiscal year
Bloomberg Business: Reckoning Arrives for Cash-Strapped Oil Firms Amid Bank Squeeze
©2015 Bloomberg News NM3SFD6VDKHV (Bloomberg) — Lenders are preparing to cut the credit lines to a group of junk-rated shale oil companies by as much as 30 percent in the coming days, dealing another blow as they struggle with a slump in crude prices, according to people familiar with the
Bloomberg Business: Atlantic City Seen Following Detroit in Deferring Bond Payments
©2015 Bloomberg News NM3MDK6JIJUY (Bloomberg) — Atlantic City’s fiscal crisis may prompt New Jersey to depart from its historic practice of supporting local- government finances as the gambling hub heads down a path similar to Detroit’s. An emergency-management team hired by Governor Chris Christie that includes Kevyn Orr, who guided Detroit’s
Bloomberg Business: U.S. Savings Rate Reaches Two-Year High Even With Low Gas Prices
©2015 Bloomberg News Shobhana Chandra (Bloomberg Business) — A booming job market and cheaper fill-ups at the gas pump should be giving millions of Americans more reasons to spend. Instead, they’re salting away the extra savings. The saving rate jumped in February to 5.8 percent, the highest since December 2012 and
Bloomberg Business: *Indiana Companies Press Pence for Ban on Anti-Gay Discrimination
©2015 Bloomberg News NM1VEN6JIJVN (Bloomberg) — Indiana-based companies including Eli Lilly & Co. and Anthem Inc. pressed state leaders to enact legislation clarifying that the state’s new religious-freedom law can’t be used to discriminate based on sexual orientation or gender identity. “All our companies seek to promote fair, diverse and inclusive
Bloomberg Business: Treasuries Poised to Beat Stocks in March on Economic Outlook
©2015 Bloomberg News NM1YF16K50XZ (Bloomberg) — Treasuries were poised to outperform U.S. shares this month — even after the Dow Jones Industrial Average rallied to a record. U.S. government securities have returned 0.5 percent through Monday, according to data compiled by Bloomberg. The Dow Jones index couldn’t hold its gains, falling
Bloomberg Business: Low-Cost Airlines Are Often High Stress For Pilots: Adam Minter
©2015 Bloomberg View NLZUGF6JTSEC (Bloomberg View) — Andreas Lubitz, the co-pilot who last week steered a Germanwings flight into a mountainside, had a history of depression so debilitating that he left his pilot training program for six months in the late 2000s, according to Germany’s Bild newspaper. When he was
Bloomberg Business: Oil Retreats While Dollar Holds Gains; Asian Stock Futures Mixed
©2015 Bloomberg News NLZX6G6JIJUW (Bloomberg) — Crude slid amid speculation the conflict in Yemen won’t have an impact on the global oil glut, while the dollar held gains. Asian index futures were mixed after U.S. stocks rallied Friday to trim their worst week since January. U.S. and Brent crude oil
