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Bloomberg Business: Obama Plans to Withdraw Most Troops Fighting Ebola in Africa
Copyright 2015 Bloomberg. NJL7TI6K50Y3 (Bloomberg) — President Barack Obama is preparing to withdraw most of the U.S. troops sent to West Africa to combat the Ebola outbreak as infection rates in that part of the world have declined significantly in recent months. About 1,500 of the 2,800 U.S. military personnel deployed
Bloomberg Business: Microsoft Sells Record $10.8 Billion of Bonds in 6-Part Offering
Copyright 2015 Bloomberg. NJJ5C06VDKHW (Bloomberg) — Microsoft Corp. sold $10.8 billion of debt in its biggest bond sale on record, taking advantage of investor demand for the highest-rated corporate securities. The world’s largest software maker sold notes in six parts, including $2.25 billion of 40-year obligations with a 4 percent coupon,
Bloomberg Business: Last Vestige of Motorola For Sale as Growth Seen Flat
Copyright 2015 Bloomberg. NJJ93V6VDKHT (Bloomberg) — The last vestige of the Motorola empire is on the block after struggling with stagnant earnings. Motorola Solutions Inc., the $15.6 billion maker of two-way radios and other communications equipment, is exploring a possible sale, according to people familiar with the matter. Buyers could include
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: 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