Bloomberg Business: Urgent Action Needed to Combat Antisemitism in U.K., Report Says
Copyright 2015 Bloomberg. NJDB1Z6K50XU (Bloomberg) — The U.K. must take urgent action to address a “disturbing rise” in antsemitism recorded last year, including providing public funds for security at synagogues, according to a parliamentary report published Monday. Hate crimes against British Jews have doubled in 10 years and escalated during
Bloomberg Business: Behind RadioShack’s Collapse Is a Tiny Lender That Found Trouble
Copyright 2015 Bloomberg. NJHC6E6VDKHS (Bloomberg) — To most outside observers, the collapse of RadioShack Corp. was set in motion years, if not decades, ago. Yet lost in that tale of inevitable decline is the story of how a little-known, distressed lender from Needham Heights, Massachusetts, helped sink the 94-year-old retailer
Bloomberg Business: Oil Extends Advance as U.S. Drillers Cut Rigs Amid Global Glut
Copyright 2015 Bloomberg. NJH9PA6JTSEP (Bloomberg) — Oil extended gains after capping the biggest weekly advance in almost four years amid signs drilling is slowing in the U.S., the world’s biggest consumer. Futures climbed as much as 3.3 percent in New York after a second weekly increase through Feb. 6. Drillers
Bloomberg Business: Twitter CEO Costolo Allays Concerns With User Growth Forecast
Copyright 2015 Bloomberg. NJBS2V6KLVRW (Bloomberg) — Dick Costolo may get a temporary reprieve from Wall Street criticism after Twitter Inc. posted quarterly revenue that topped estimates and forecast that its number of new users will pick up. Twitter on Thursday said its fourth-quarter revenue increased 97 percent to $479.1 million, with
Bloomberg Business: Rio’s $20 Billion Iron Ore Project to Restart as Ebola Retreats
Copyright 2015 Bloomberg. NJBRTP6JTSEE (Bloomberg) — Rio Tinto Group is preparing to restart work on developing the world’s largest untapped iron-ore resource after West Africa’s Ebola crisis curbed progress on the $20 billion project. “There are people considering returning to site, they are not quite there yet,” Alan Davies, the chief
Bloomberg Business: Activision Slumps as Profit Outlook Misses Forecasts
Copyright 2015 Bloomberg. NJBS5F6KLVR8 (Corrects first and second paragraphs to remove reference to Vivendi sale plans. Lowers reference to registration statement and corrects its description.) (Bloomberg) — Activision Blizzard Inc. fell in extended trading after saying the strong U.S. dollar will hurt profit. The shares fell as much as 9.5
Bloomberg Business: Disney Shares Surge to All-Time High on ‘Frozen’ Earnings
Copyright 2015 Bloomberg. NJ9XG96K50Y9 (Bloomberg) — Walt Disney Co. surged to an all-time high after posting quarterly sales and earnings that beat analysts’ estimates, driven by “Frozen” gifts over the holidays. The shares jumped 7.6 percent to close at a record $101.28 in New York. It was the biggest gain
Bloomberg Business: A World Overflowing With Debt
Copyright 2015 Bloomberg. NJ9UPQ6JTSEI (Bloomberg Business) — The world economy is still built on debt. That’s the warning today from McKinsey & Co.’s research division which estimates that since 2007, the IOUs of governments, companies, households and financial firms in 47 countries has grown by $57 trillion to $199 trillion, a
Bloomberg Business: RadioShack Said to Be Filing for Bankruptcy as Soon as Tonight
Copyright 2015 Bloomberg. NJ9SES6KLVRO (Bloomberg) — RadioShack Corp. is closing in on an agreement with creditors and other parties that would put the retailer in bankruptcy as soon as Wednesday night or Thursday morning, people with knowledge of the discussions said. As part of the deal being completed, RadioShack would
Bloomberg Business: Oil Drops After Biggest 4-Day Gain Since 2009 Before Supply Data
Copyright 2015 Bloomberg. NJ8B9V6K50YF (Bloomberg) — Oil fell after the biggest four-day rally since January 2009 before government data forecast to show crude inventories expanded in the U.S., the world’s largest oil consumer. Futures dropped as much as 2.6 percent in New York. Crude stockpiles probably rose by 3.25 million