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bloomberg business

Business Headlines

©2015 Bloomberg News NLFJCP6JTSEE Talk about a change election. At a town hall meeting in Cleveland, Ohio, Wednesday, President Obama discussed the idea of mandatory voting, and said “that may end up being a better strategy in the short term” in helping to diminish the influence that money has on

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Business Headlines

©2015 Bloomberg News NLDN2I6K50YD (Bloomberg) — Prime Minister Benjamin Netanyahu claimed victory based on exit polls suggesting he could form a governing coalition even though the results showed him neck and neck with rival Isaac Herzog. A onetime Netanyahu ally critical of his economic record was poised to become the

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Business Headlines

©2015 Bloomberg News NLDG766TTDSK (Bloomberg) — Islamic State’s expansion is causing instability from Basra to Beirut. It’s also boosting business for Ivor Ichikowitz, the founder of Africa’s biggest privately owned arms company. Ichikowitz’s Paramount Group, which sells products ranging from naval patrol vessels to refitted Mirage fighter jets, last month won

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Business Headlines

©2015 Bloomberg News NLDPBF6JTSEC (Bloomberg) — Oracle Corp. reported fiscal third-quarter sales that missed analysts’ estimates, hurt by a rise in the U.S. dollar and weak corporate demand for cloud software. Revenue in the period that ended Feb. 28 was little changed from a year earlier at $9.33 billion, and

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Business Headlines

Copyright 2015 Bloomberg. NLBPNL6KLVRT (Bloomberg) — Private equity firms Leonard Green & Partners and TPG Capital agreed to buy gym operator Life Time Fitness Inc. in a transaction valued at more than $4 billion, one of the biggest buyouts of the year. The investor group, which also includes LNK Partners and

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Business Headlines

Copyright 2015 Bloomberg. NLBQNN6JTSEQ The test of a first-rate intelligence, according to one great American writer, “is the ability to hold two opposing ideas in mind at the same time and still retain the ability to function.” Americans are passing that test when it comes to their opinions on Internet surveillance. In a survey published by the

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Business Headlines

Copyright 2015 Bloomberg. NL8WAA6S9728 (Bloomberg) — The commodities fall is near “exhaustion” with wheat, rice and coffee set to rebound, according to Shawn Hackett, president of Hackett Financial Advisors in Florida. The Bloomberg Commodity Index of 22 raw materials closed on Friday at the lowest level since August 2002, capping

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Business Headlines

Copyright 2015 Bloomberg. NLA4EB6KLVRH (Bloomberg) — Brazil’s government will present a package of anti-corruption measures after more than 1 million people, some of them calling for President Dilma Rousseff’s impeachment, took to the nation’s streets Sunday. Rousseff will deliver the package within days, Secretary General Miguel Rossetto and Justice Minister Jose

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Business Headlines

Copyright 2015 Bloomberg. NLA0PJ6JIJUP (Bloomberg) — The dollar maintained its rally, trading near a 12-year high versus the euro as investors considered the timeline for higher U.S. interest rates ahead of this week’s Federal Reserve meeting. Crude oil extended its slump. The greenback was at $1.0498 per euro by 8:16 a.m.

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Business Headlines

Copyright 2015 Bloomberg. NL4F8F6K50XW (Bloomberg) — United Steelworkers members on strike at some oil refineries across the U.S. will remain off the job until they receive offers that match up with a national deal reached Thursday, a union representative said. USW members at Tesoro Corp.’s Carson oil refinery in California have

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