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Business Headlines

Curated news from Bloomberg Business

Business Headlines

©2015 Bloomberg News NLFHGI6VDKI1 (Bloomberg) — Texas sued the U.S. government over a change in rules tied to the federal Family and Medical Leave Act requiring recognition of same-sex unions in states where they are illegal, according to a complaint filed in federal court in Wichita Falls. The change in the

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Business Headlines

©2015 Bloomberg News NLFKEF6VDKHS (Bloomberg) — As more former hippies need hip replacements, health insurers from Humana Inc. to WellCare Health Plans Inc. are turning into hot targets. Humana and WellCare, both providers of Medicare coverage, are generating record revenue as aging U.S. baby boomers drive an increase in enrollment in

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Business Headlines

©2015 Bloomberg News NLFJCP6JTSEE Talk about a change election. At a town hall meeting in Cleveland, Ohio, Wednesday, President Obama discussed the idea of mandatory voting, and said “that may end up being a better strategy in the short term” in helping to diminish the influence that money has on

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Business Headlines

©2015 Bloomberg News NLDN2I6K50YD (Bloomberg) — Prime Minister Benjamin Netanyahu claimed victory based on exit polls suggesting he could form a governing coalition even though the results showed him neck and neck with rival Isaac Herzog. A onetime Netanyahu ally critical of his economic record was poised to become the

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©2015 Bloomberg News NLDG766TTDSK (Bloomberg) — Islamic State’s expansion is causing instability from Basra to Beirut. It’s also boosting business for Ivor Ichikowitz, the founder of Africa’s biggest privately owned arms company. Ichikowitz’s Paramount Group, which sells products ranging from naval patrol vessels to refitted Mirage fighter jets, last month won

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Business Headlines

©2015 Bloomberg News NLDPBF6JTSEC (Bloomberg) — Oracle Corp. reported fiscal third-quarter sales that missed analysts’ estimates, hurt by a rise in the U.S. dollar and weak corporate demand for cloud software. Revenue in the period that ended Feb. 28 was little changed from a year earlier at $9.33 billion, and

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Business Headlines

Copyright 2015 Bloomberg. NLBPNL6KLVRT (Bloomberg) — Private equity firms Leonard Green & Partners and TPG Capital agreed to buy gym operator Life Time Fitness Inc. in a transaction valued at more than $4 billion, one of the biggest buyouts of the year. The investor group, which also includes LNK Partners and

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Business Headlines

Copyright 2015 Bloomberg. NLBOF66KLVS6 (Bloomberg) — The Standard & Poor’s 500 Index rose the most since Feb. 3, amid corporate deals and as investors weighed the timing of interest-rate increases after lower-than-forecast economic data. Health-care companies in the S&P 500 Index advanced 2.2 percent as Salix Pharmaceuticals Ltd. accepted a sweetened,

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Business Headlines

Copyright 2015 Bloomberg. NLBQNN6JTSEQ The test of a first-rate intelligence, according to one great American writer, “is the ability to hold two opposing ideas in mind at the same time and still retain the ability to function.” Americans are passing that test when it comes to their opinions on Internet surveillance. In a survey published by the

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Business Headlines

Copyright 2015 Bloomberg. NL8WAA6S9728 (Bloomberg) — The commodities fall is near “exhaustion” with wheat, rice and coffee set to rebound, according to Shawn Hackett, president of Hackett Financial Advisors in Florida. The Bloomberg Commodity Index of 22 raw materials closed on Friday at the lowest level since August 2002, capping

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