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

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

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

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

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

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

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

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

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

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