bloomberg business
Asian Stocks Slip With Euro as Greek Talks Fail; Treasuries Rise
©2015 Bloomberg News NPYNTK6JTSEF (Bloomberg) — Asian stocks fell with U.S. index futures, and the euro weakened, after talks between Greece and its creditors broke down without a deal on bailout aid. Treasuries advanced, while crude oil extended losses with wheat. The MSCI Asia Pacific Index slipped 0.5 percent by
Hedge Funds Harvest Bearish Crop Bets Too Soon as Glut Expands
©2015 Bloomberg News NPY8GFSYF01S (Bloomberg) — Hedge funds retreated from bearish bets on agricultural commodities too soon as the U.S. government said crop supplies will keep getting bigger. Speculators cut the net-short position in wheat, dumping wagers on declines at the fastest pace since 2013, just before prices tumbled for
Bill Clinton Defends Boeing Donations in CNN Interview
©2015 Bloomberg News NPSVDI6S972F (fixes typo in lede) (Bloomberg Politics) — Former President Bill Clinton defended contributions from Boeing Co. to his foundation while his wife was secretary of state, saying that the donations for efforts to rebuild Haiti after the 2010 earthquake were not connected to any advocacy by President
Twitter Suit to Publish National Security Probes May Be Moot
©2015 Bloomberg News NPSTUBSYF01T (Bloomberg) — Twitter Inc.’s lawsuit to allow it to make public the “limited” scope of U.S. government surveillance of its users may be irrelevant under a new law passed by Congress, a judge said. Twitter sued in October seeking to publish more precise numbers of so-called
Nike Wins $1 Billion Contract With NBA as Adidas Walks Away
©2015 Bloomberg News NPST2J6JIJUW (Bloomberg) — Nike Inc. won an eight-year deal to make uniforms for the National Basketball Association, taking over for Adidas AG after that company’s contract runs out in 2017. Nike will become the first apparel partner to have its logo appear on all on-court uniform designs,
Google Unveils Sidewalk Labs Initiative to Improve Cities
©2015 Bloomberg News NPR76B6KLVRF (Bloomberg) — Google Inc. is backing a new business with the goal of bringing innovation and new technology into cities, aiming to improve urban life for residents, businesses and governments. The initiative, called Sidewalk Labs, will be headed up by Dan Doctoroff, a former deputy mayor
GE Wooed by Texas After Home State Connecticut Increases Taxes
©2015 Bloomberg News NPR76T6JTSEA (Bloomberg) — Texas Governor Greg Abbott knows a good opportunity when he sees it. Abbott, a Republican, penned notes to executives at Connecticut-based General Electric Co., Aetna Inc. and Travelers Cos Inc. imploring them to pack up and move after lawmakers there raised taxes by more
How to Go Broke Buying Low, Selling High on Chinese Markets
©2015 Bloomberg News NPRCNT6TTDS8 (Bloomberg) — Betting that identical stocks will trade at similar prices in China and Hong Kong is proving a great way to lose money. The mainland premium on dual-listed shares has surged to an average 113 percent from 30 percent a year ago, burning anyone who
Obama Calls Obamacare Foes ‘Cynical’ Ahead of Court Ruling
©2015 Bloomberg News NPP5EC6JTSEA (Bloomberg) — Facing a pivotal Supreme Court decision on the future of his signature health-care law, President Barack Obama said Tuesday that attacks on Obamacare should end now that millions of Americans depend on it for insurance coverage. “There’s something, I have to say, that’s just
Tesla’s Musk Says Model X Deliveries to Start in 3-4 Months
©2015 Bloomberg News NPPA1Q6K50Y7 (Bloomberg) — Tesla Motors Inc. will begin deliveries of the Model X sport utility vehicle in three to four months, keeping close to the timeline the electric-car maker laid out earlier this year, Chief Executive Officer Elon Musk said. “The Model X will be a better