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Business Headlines

Curated news from Bloomberg Business

Business Headlines

Copyright 2015 Bloomberg. NKPYNQ6JTSEO (Bloomberg) — The Obama administration said it will appeal a federal judge’s order blocking a controversial immigration program if he doesn’t lift it by Monday. The White House told U.S. District Judge Andrew Hanen in Brownsville, Texas, of the new deadline in an advisory filed Wednesday after

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Business Headlines

Copyright 2015 Bloomberg. NKPSU26KLVRO (Bloomberg) — Australia faces slowing growth, declining living standards and dwindling productivity without changes to ensure higher workforce participation, according to a report released by the government today. Gross domestic product is forecast to grow at an average 2.8 percent a year in the four decades to

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Business Headlines

Copyright 2015 Bloomberg. NKO1666K50Y3 (Bloomberg) — Copper rebounded from the biggest drop in two weeks and zinc rose from the lowest in almost 10 months as investors look ahead to jobs data from the U.S. and growth targets from China, the world’s two biggest metals consumers. The U.S. added 219,000

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Business Headlines

Copyright 2015 Bloomberg. NKNQLT6JIJUU (Bloomberg) — Pennsylvania Governor Tom Wolf called for selling $3 billion of bonds to bolster the state’s public- employee retirement system as part of his first budget. Wolf, a Democrat who took office in January, said Tuesday that Pennsylvania should also boost the profits of the state-run

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Business Headlines

Copyright 2015 Bloomberg. NKO0TM6JTSEE (Bloomberg) — Congress ended a showdown linking Homeland Security Department spending and immigration policy as House Speaker John Boehner defied hard-line Republicans and let the chamber vote to fund the agency through September. The House passed the measure 257-167 after the Ohio Republican capitulated to Democratic

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Business Headlines

Copyright 2015 Bloomberg. NKM3S56K50Z0 (Bloomberg) — President Barack Obama’s national security adviser said the U.S. won’t waver in assuring Israel’s security and that negotiations under way with Iran are the best way to make sure the Islamic Republic doesn’t get a nuclear weapon. Susan Rice, speaking to a pro-Israel group in

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Business Headlines

Copyright 2015 Bloomberg. NKM31I6JIJVH (Bloomberg) — Apple Inc. and Google Inc. won preliminary court approval of a $415 million antitrust settlement that would end a four-year battle over claims that they and other companies conspired to avoid hiring from each other. The ruling brings to a quiet end a case

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Business Headlines

Copyright 2015 Bloomberg. NKLW2R6TTDSS (Bloomberg) — Get ready for an L-shaped oil recovery. A growing consensus is emerging from the likes of BP Plc, the International Energy Agency, shale wildcatters and even the Saudis that a near-term recovery to $100-a-barrel crude isn’t in the cards. Instead, expect a range of

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Business Headlines

Copyright 2015 Bloomberg. NKI50T6TTDSK (Bloomberg) — Berkshire Hathaway Inc. said fourth-quarter profit slipped 17 percent as investment gains narrowed and underwriting results deteriorated at insurance units. Net income fell to $4.16 billion, or $2,529 per share, from $4.99 billion, or $3,035, a year earlier, Omaha, Nebraska-based Berkshire said Saturday in

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Business Headlines

Copyright 2015 Bloomberg. NKJ8056KLVR5 (Bloomberg Politics) — Judging from the plethora of titles now crowding bookstore shelves, it would appear that publishing a memoir has become something of a requirement for politicians hoping to become president.  The urge to make the leap from politician to author makes sense on a number of levels.  Releasing

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