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Business Headlines

Curated news from Bloomberg Business

Business Headlines

©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

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Business Headlines

©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

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Business Headlines

©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

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Business Headlines

©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

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©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

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©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

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Business Headlines

©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

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©2015 Bloomberg View NLZUGB6S9728 (Bloomberg View) — After more than half a decade of inactivity on interest rates, the U.S. Federal Reserve believes economic conditions have improved enough that it can raise borrowing costs. The only question is when, rather than if, to move. Central bankers in the U.K, by contrast, are

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©2015 Bloomberg News NLTX626K50YO (Bloomberg) — Russia is exporting half as much wheat as last year after the government started taxing overseas shipments as a way to reduce local food prices. The country will sell 65 percent less wheat in March than the previous year, according to estimates from ZAO Rusagrotrans,

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Business Headlines

©2015 Bloomberg News NLUEIK6JTSE8 (Bloomberg) — RadioShack Corp.’s proposal to sell more than 1,700 store leases to its biggest shareholder will face another day in court as witnesses line up to support or fight the bankrupt electronics retailer’s proposal.Thursday in Delaware, lawyers for plan opponent Salus Capital Partners LLC called

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