Greece Faces Diplomatic Push as G-7 Unites to Demand Resolution
©2015 Bloomberg News NPLBV2SYF01T (For more on the G-7 summit, see GMEET.) (Bloomberg) — Greece faces a week of urgent diplomacy to free up bailout aid and avert a potential default as world leaders press for a final resolution to the standoff. With talks between the Greek government and creditors
Whatever OPEC Decides, Oil Supplies Are Rising From All Sides
©2015 Bloomberg News NPFX186VDKHS (Bloomberg) — No matter what OPEC says Friday about its production target, the outcome is sure to be more oil. Iran, Iraq and Libya said this week they plan to add millions of barrels to the market this year. Saudi Arabia, the biggest member in the
Chinese Hackers Said to Breach Federal Personnel Data Files
©2015 Bloomberg News NPG4XF6K50XT (Bloomberg) — Hackers based in China breached U.S. Office of Personnel Management computers, according to American officials, stealing records of as many as 4 million current and former federal employees in one of the largest breaches of government personnel data. The hackers, believed to have links
Premium Gasoline Rally Threatens to Burn Luxury Car Drivers
©2015 Bloomberg News NPFZNL6K50XZ (Bloomberg) — Refinery outages and rising demand have spurred a rally in wholesale premium gasoline prices from New York to the Gulf Coast that’s threatening to sting luxury car drivers at the pumps. Spot 93-octane gasoline in the Gulf Coast jumped 2.38 cents a gallon on
April Trade Deficit in U.S. Narrows More Than Forecast
©2015 Bloomberg News NPF4BR6TTDS6 (Bloomberg) — The trade deficit in the U.S. narrowed more than forecast in April as imports receded, signaling merchandise flows were returning to normal following a port-related surge. The gap shrank by 19.2 percent to $40.9 billion from the prior month’s $50.6 billion that was the
Emerging-Market Stocks Drop for Ninth Day as Bond Slump Spreads
©2015 Bloomberg News NPF5EU6TTDS6 (Bloomberg) — Emerging-market stocks headed for the longest run of losses in almost three months as Greece’s talks with its creditors stalled, while Russia to Indonesia joined a global bond rout. The ruble led currencies lower. The MSCI Emerging Markets Index dropped 0.7 percent to 989.11
Republican Rick Perry Makes 2016 Presidential Campaign Official
©2015 Bloomberg News NPF4JV6JTSET (Bloomberg Politics) — Former Texas Governor Rick Perry on Thursday announced his second bid for the U.S. presidency, seeking to rehabilitate his image nationally after a series of stumbles and gaffes ended his campaign in 2012. “I am running for president because I know our country’s best days are
Ending the Greek Stalemate Won’t Make Things Right: Clive Crook
©2015 Bloomberg View NPCOHX6S972G (Bloomberg View) — With both sides said to be drawing up final proposals, and a definitive debt crunch thought to be imminent, the months of brinkmanship over Greece may at last be drawing to a close. But who knows, really? You might think making this shambles
What Former American Steel Town Pittsburgh Can Teach China
©2015 Bloomberg News NPCM016KLVR5 (Bloomberg Business) — When it comes to shuttering steel plants and transforming an economy, Pittsburgh can teach China how it’s done. That’s according to former Fed Chairman Ben Bernanke. China is undergoing a painful transition from an economy fueled by exports and heavy industry to one driven by consumer
America’s Unwanted Ivy-League Graduates Flock to Technology Boom in India
©2015 Bloomberg News NPCO6V6S972A (Bloomberg Business) — Kunal Bahl’s American dream was coming together in late 2007. He had Ivy League degrees in business and engineering, a debut job at Microsoft Corp. and a roadmap to the career he’d always wanted in Silicon Valley. Then his application for a U.S.