Bloomberg Business: Standard & Poor’s Is Sorry About That Credit Crisis: Matt Levine
Copyright 2015 Bloomberg. NJ80906KLVRQ (Bloomberg View) — Here’s how much money Standard & Poor’s has made rating bonds for the last few years: What does that chart tell you? Not much, right? S&P made a lot of money rating stuff before the credit crisis. Then a credit crisis happened, and it
Bloomberg Business: Russia Gets Golden Gain as Ruble Drags Costs Down: Commodities
Copyright 2015 Bloomberg. NJ7TJP6KLVRT (Bloomberg) — The ruble is crashing. Oil is at a five-year low, and economic sanctions have slammed the brakes on the economy. It’s a good time to mine gold in Russia. With gold typically priced in dollars, and labor and other expenses paid in rubles, Russian
Bloomberg Business: Apple’s Bond Sales Wave Red Flag on U.S. Interest-Rate Outlook
Copyright 2015 Bloomberg. NJ6DN86S972M (Bloomberg) — Apple Inc.’s mega bond sale is fueling speculation U.S. interest rates are poised to increase. The iPhone maker sold $6.5 billion of debt as it locked in borrowing costs for as long as 30 years. Yields may not stay this low if forecasts for
Bloomberg Business: Shell Meets With U.S. Oil Workers Union as Strike Shuts Refinery
Copyright 2015 Bloomberg. NJ6DFA6S9729 (Bloomberg) — Royal Dutch Shell Plc met with the United Steelworkers on Monday about a new, three-year labor contract for U.S. oil workers, less than two days after the union started the biggest refinery strike since 1980. Shell, negotiating the contract on behalf of oil companies,
Bloomberg Business: Netanyahu Rift With Obama Fires Up Super Bowl Party in Tel Aviv
02 Feb 2015 16:00 Copyright 2015 Bloomberg. Jonathan Ferziger (Bloomberg) — Prime Minister Benjamin Netanyahu’s protocol-bending invitation to address Congress took Israel’s election campaign deep onto the American political field. This week it reached the Super Bowl. Yair Lapid, the finance minister Netanyahu fired for “subversion,” threw a Super Bowl
Bloomberg Business: Japanese Stocks Fall as U.S., China Data Worsen Economic Outlook
Copyright 2015 Bloomberg. NJ4L2B6JTSEE (Bloomberg) — Japanese stocks fell after data from the U.S. and China spurred concerns about the global economic outlook. Japan Airlines Co. sank 2.1 percent after increasing its net-income forecast by less than expected. Skymark Airlines Co. tumbled 81 percent after the Tokyo Stock Exchange scrapped
Bloomberg Business: Oil Declines as U.S. Workers Strike Seen Cutting Refinery Demand
Copyright 2015 Bloomberg. NJ4HS86S972F (Bloomberg) — Oil fell amid speculation that the biggest strike at U.S. refineries since 1980 will curtail crude processing in the world’s leading consumer nation and worsen a global supply glut. Futures dropped as much as 3.3 percent in New York. The United Steelworkers union, which
Bloomberg Business: Wife of Beheaded Journalist ‘Proud’ He Conveyed Tragedy of War
Copyright 2015 Bloomberg. NJ4HRK6JTSEJ (Bloomberg) — The wife of journalist Kenji Goto said she was proud of her husband’s passion for conveying the “tragedies of war” after his beheading by Islamic State. “My family and I are devastated by the news of Kenji’s death,” Rinko wrote in a statement published
Bloomberg Business: Oil Heads for Longest Decline in 6 Years as Glut Seen Worsening
Copyright 2015 Bloomberg. NIZ0HC6TTDSP (Bloomberg) — Oil headed for the longest run of monthly losses since January 2009 amid speculation that rising U.S. crude supplies will exacerbate the global glut that spurred last year’s price collapse. Futures were little changed in New York and set for a seventh monthly drop.
Bloomberg Business: Islamic State Deadline Passes, Fueling Fear Over Hostages’ Fate
Copyright 2015 Bloomberg. NIYZUU6K50YO (Bloomberg) — Japan said it was still working to free hostages held by Islamic State after the group’s deadline to execute the men passed, fueling concerns over their fate. The militant group had set a deadline of 11:30 p.m. Thursday in Tokyo to execute Japanese journalist