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
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
