bloomberg business
Bloomberg Business: Berkshire Profit Falls 17% to $4.16 Billion on Investments
Copyright 2015 Bloomberg. NKI50T6TTDSK (Bloomberg) — Berkshire Hathaway Inc. said fourth-quarter profit slipped 17 percent as investment gains narrowed and underwriting results deteriorated at insurance units. Net income fell to $4.16 billion, or $2,529 per share, from $4.99 billion, or $3,035, a year earlier, Omaha, Nebraska-based Berkshire said Saturday in
Bloomberg Business: The 2016 Presidential Hopefuls Literary Guide
Copyright 2015 Bloomberg. NKJ8056KLVR5 (Bloomberg Politics) — Judging from the plethora of titles now crowding bookstore shelves, it would appear that publishing a memoir has become something of a requirement for politicians hoping to become president. The urge to make the leap from politician to author makes sense on a number of levels. Releasing
Bloomberg Business: Drivers for Apple, Yahoo, EBay Vote to Join Teamsters Union
Copyright 2015 Bloomberg. NKHMYN6JIJUO (Bloomberg) — Drivers for a service that shuttles technology workers from San Francisco to Silicon Valley voted to join the Teamsters union, seeking to boost wages in a region that is becoming increasingly costly. Employees of Compass Transportation voted 104 to 38 in favor of representation by
Bloomberg Business: Obama Says Keystone Pipeline Would Do Little for U.S. Jobs
Copyright 2015 Bloomberg. NKEN0Q6K5122 (Bloomberg) — President Barack Obama criticized the Keystone XL pipeline as a boon to Canadian oil producers that gives short-shrift to American workers, saying the U.S. should focus on backing domestic energy projects. In his first comments on the pipeline since vetoing a bill meant to force
Bloomberg Business: Donald Trump’s Political Flirtations Last an Average of 5 Months
Copyright 2015 Bloomberg. David Knowles (Bloomberg Politics) — This time he means it, maybe. Donald Trump claims to be, once again, giving serious consideration to the possibility that he could soon be attempting to seek higher office. On Monday, Trump met with Republican National Committee chairman Reince Priebus in New York,
Bloomberg Business: Attendees to American Enterprise Institute’s World Forum Revealed
Copyright 2015 Bloomberg. NKAA9X6KLVR8 (Bloomberg Politics) — Sandwiched between two defining conservative events—CPAC and the Iowa Ag Summit—is a less publicized but crucial confab for Republican presidential hopefuls seeking support from well-heeled donors. Held at the remote, luxury Sea Island resort in Georgia, the 2015 American Enterprise Institute World Forum will bring together
Bloomberg Business: U.S. Stocks Advance on Rate Speculation After Yellen Statement
Copyright 2015 Bloomberg. NKABXH6KLVR9 (Bloomberg) — U.S. stocks rose to all-time highs after Federal Reserve Chair Janet Yellen indicated an increase in interest rates is unlikely before mid-year as inflation and wage growth remain too low. The Standard & Poor’s 500 Index rose 0.2 percent to a record 2,114.38 at 11:43
Bloomberg Business: Suburbs Are Out, Downtown Is In: U.S. Cities
Copyright 2015 Bloomberg. NKABXU6S972Y (Bloomberg Business) — Downtown is coming back. Just look at Charlotte, Oklahoma City and Milwaukee — classic examples of U.S. cities where the well-to-do chose to live in the suburbs. Now they are among the most vibrant U.S. city centers, thanks to a surge in job opportunities in
Bloomberg Business: Oil Holds Below $50 as U.S. Supplies Seen Worsening Global Glut
Copyright 2015 Bloomberg. NK9ABM6K50YI (Bloomberg) — Oil traded below $50 a barrel before U.S. government data forecast to show crude inventories expanded from a record high in the world’s biggest consumer. Futures were little changed in New York after falling 2.7 percent on Monday. Crude stockpiles probably rose by 3.75 million
Bloomberg Business: Hong Kong Stocks Fall for First Time in Six-Days as HSBC Slumps
Copyright 2015 Bloomberg. NK95NW6JTSFA (Bloomberg) — Hong Kong stocks fell, with the Hang Seng Index headed for the first loss in six sessions as its biggest stock, HSBC Holdings Plc., dropped the most since August 2013 after reporting earnings slumped. The Hang Seng slid 0.3 percent to 24,760.69 as of 9:31
