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Business Headlines

Curated news from Bloomberg Business

Business Headlines

©2015 Bloomberg News NLUEKD6KLVRC (Bloomberg Politics) — Apparently, some agencies are more open about their weird sex scandals than others. On Thursday the Justice Department’s Office of Inspector General released what’s being called the “DEA sex parties” report—or, more officially, its investigation into how the Drug Enforcement Agency, the Federal Bureau of

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Business Headlines

©2015 Bloomberg News NLSLGH6VDKHV (Bloomberg) — New Jersey Governor Chris Christie is supporting the fight by 26 other states to block the Obama administration’s plan to let as many as 5 million undocumented immigrants stay in the U.S. Christie, a possible candidate for the Republican 2016 presidential nomination, added his name

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Business Headlines

©2015 Bloomberg News NLS6416TTDS7 (Bloomberg) — The dollar declined as unexpectedly weak economic data has investors adjusting their outlook in the wake of last week’s Federal Reserve meeting. Orders for durable goods dropped in February, extending the greenback’s losses after it slid the most in more than three years last week

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Business Headlines

©2015 Bloomberg News NLRQZF6S972C (Bloomberg) — Computer makers including Apple Inc. and Dell Inc. have turned to Delta Electronics Inc. to power their PCs for the past decade. Now, the supplier is moving into electric vehicles and factory robots. “It’s a natural evolution,” Yancey Hai, chairman of the Taipei-based company, said

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Business Headlines

©2015 Bloomberg News NLQQOP6KLVR6 (Bloomberg Politics) — Three weeks ago the Department of Justice released two reports on Ferguson—one explaining the DOJ’s reasoning against charging Officer Wilson for shooting Michael Brown, and another acknowledging the civil rights violations, brutality, and racial bias ingrained in the culture of the Ferguson Police

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Business Headlines

©2015 Bloomberg View NLQR4Z6JTSE9 (Bloomberg View) — Some Wall Street stars are decamping for Silicon Valley, corralled by tech giants and tech start-ups looking for financial expertise, marquee talent and bragging rights. Morgan Stanley announced Tuesday that Ruth Porat, its chief financial officer and a 28-year veteran of the firm,

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Business Headlines

©2015 Bloomberg News NLQVJT6K50YF (Bloomberg) — U.S. government bonds are losing their advantage over their peers. Ten-year Treasuries yielded 1 percentage point more than the average for Group of Seven countries, with the premium dropping from 1.2 percentage points as recently as March 12. Treasuries rose and yields fell Tuesday

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Business Headlines

©2015 Bloomberg News NLODWB6K50Y2 (Bloomberg) — European banks will offload 100 billion euros ($109 billion) of unwanted loans this year to cut costs and restructure their balance sheets, according to a report by PricewaterhouseCoopers LLP. Banks will jettison bad debts and loans that no longer fit with their business strategies, PwC

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Business Headlines

©2015 Bloomberg News NLOWSB6KLVRF On this, the fifth anniversary of the signing into law of the Affordable Care Act, aka Obamacare, many of the presumed and actual Republican candidates for president much of the day attacking the law.  While Texas Senator Ted Cruz asked his audience at Jerry Falwell’s Liberty

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Business Headlines

©2015 Bloomberg News NLOZ5E6JIJVL (Bloomberg) — Gold traded near the highest level in two weeks on speculation that the Federal Reserve may be slow to raise interest rates in the world’s biggest economy. Bullion for immediate delivery traded at $1,188.14 an ounce at 9:07 a.m. in Singapore from $1,189.54 on Monday,

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