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This is the official page for Bloomberg News headlines. Stay up-to-date on the top global business news of the day.
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26 minutes ago
“Despite all the talk about the global economy, the U.S. domestic economy seems to be doing fairly well”
U.S. Payrolls Rise as Jobless Rate Drops to Six-Year Low
www.bloomberg.com
Employers added more than 200,000 workers to payrolls in October for a ninth consecutive month and the jobless rate dropped to the lowest level in six years as the American economy powered past a global slowdown.
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47 minutes ago
Did the vision of a peaceful, post-national Europe die off with the World War II generation?
EU Dream Ebbs Amid Weak Growth, Putin's Jets, 25 Years After Wall Came Down
www.bloomberg.com
Europe’s post-Cold War order is fraying and there’s no consensus over how to stitch it back together.
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2 hours ago
“I think this is a solution that is seeking a problem”
Amazon Unveils Echo Interactive Speaker in New Offering
www.bloomberg.com
Amazon.com Inc. unveiled the Echo voice-controlled interactive speaker that lets people stream music and order items from the online retailer, as the company works to extend its reach into consumers’ digital lives.
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2 hours ago
Armstrong set the course record in 2008
Armstrong to Skip Charity Bicycle Race After Registering
www.bloomberg.com
Lance Armstrong won’t participate in a time-trial cycling race this weekend, two weeks after he was prohibited from participating in a South Carolina charity ride.
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3 hours ago
Here’s what to look for in the U.S. Labor Department's jobs report
Jobs-Day Guide: U.S. Payrolls, Hourly Earnings, Participation
www.bloomberg.com
Here’s what to look for when the Labor Department releases the October U.S. employment report today at 8:30 a.m. in Washington:
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4 hours ago
The high-frequency trading pioneered on Wall Street has come to Madison Avenue.
High-Speed Ad Traders Profit by Arbitraging Your Eyeballs
www.bloomberg.com
The high-frequency trading pioneered on Wall Street has come to Madison Avenue.
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6 hours ago
European dream unravels as Putin's jets defy changes since fall of Berlin Wall
http://www.bloomberg.com/news/2014-11-06/eu-dream-unravels-as-putin-jets-defy-end-of-berlin-wall.html
EU Dream Ebbs Amid Weak Growth, Putin's Jets, 25 Years After Wall Came Down
www.bloomberg.com
Europe’s post-Cold War order is fraying and there’s no consensus over how to stitch it back together.
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13 hours ago
Singapore Airlines wants its high-end customers to embrace their lazy side
Sun Loungers at 30,000 Feet Is Singapore Air Profit Route
www.bloomberg.com
Singapore Airlines Ltd. wants its high-end customers to embrace their lazy side.
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13 hours ago
Bank of Japan stimulus shows no evidence of spreading beyond Japan’s wealthiest people and corporations
Japan's Wealthiest Reap $3 Billion Windfall in Kuroda's October Surprise
www.bloomberg.com
The Bank of Japan’s unexpected stimulus has already made the country’s richest even wealthier, adding more than $3 billion to the four top billionaires’ net worth.
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13 hours ago
Bankers get another perk
Morgan Stanley Says Among First to Include Uber in Travel Policy
www.bloomberg.com
Morgan Stanley said its employees can use Uber Technologies Inc. cars for company trips, making the bank one of the first firms to reimburse employees for the service.
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14 hours ago
Bad news for winter-haters
Harsh Winter Outlook Made a Bit More Dire by Early Snow
www.bloomberg.com
Remember how evidence was mounting last month that early snowfall was accumulating across Siberia? And remember how there’s a theory that says this snowfall signals a cold winter?
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15 hours ago
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Edited
By 2022, companies will produce enough contaminated water to turn
Central Park
into a toxic reservoir 11 feet deep every month, study claims
Oil-Sands Producers Report Waterfowl Deaths in Tailings Ponds
www.bloomberg.com
Almost 100 aquatic birds died this week in oil-sands tailings ponds as fog during annual migrations increased the numbers of waterfowl near bitumen processing.
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15 hours ago
A Brazillian Billionaire going to jail for insider trading? That'd be a first.
Ex-Billionaire Insider-Trading Case an Anomaly: Corporate Brazil
www.bloomberg.com
Less than three years after Eike Batista was dubbed by President Dilma Rousseff “the pride of Brazil,” prosecutors will try to send the former billionaire to prison for alleged insider trading in a trial set for later this month.
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16 hours ago
Trump Plaza residents face $1 million bill as land goes for sale
NYC Trump Co-Op Dwellers Face Million-Dollar Bills
www.bloomberg.com
Manhattan’s surging land costs are leaving the shareholders of an East Side luxury co-operative with a tough choice: pay a hefty price to buy the land under the building, or face increasing bills to keep renting it.
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16 hours ago
New York City remains vigilant as Ebola patient improves
NYC Ebola Doctor Improves as 357 in City Are Monitored
www.bloomberg.com
Craig Spencer, the New York City doctor who contracted Ebola while caring for patients in Guinea, is improving and remains in stable condition, health authorities said.
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17 hours ago
·
Edited
The Home Depot
admits 53 million e-mail addresses were taken by hackers
Home Depot Says 53 Million E-Mail Addresses Were Taken in Breach
www.bloomberg.com
Home Depot Inc., which suffered a data breach between April and September, said 53 million e-mail addresses were taken by hackers during the attack, in addition to the 56 million payment cards that were previously disclosed.
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18 hours ago
Demand for OPEC's oil may fall to a 14-year low
OPEC Cuts Most Demand Forecasts for Its Crude on U.S. Boom
www.bloomberg.com
OPEC, supplier of 40 percent of the world’s oil, cut forecasts for the amount of crude it will need to supply for most of the next two decades as the shale-energy boom in the U.S. lessens dependency on the group.
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18 hours ago
18th Century German castles are going on the cheap
Crumbling Castles Haunt East Germany 25 Years After Wall
For sale: 18th century castle with a medieval prison tower, moat and lake on 14 acres. The price: 350,000 euros ($445,000), less than the cost of a Manhattan studio. The catch? It’s in eastern Germany. Bloomberg's Hans Nichols explains in this report. (Source: Bloomberg)
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19 hours ago
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Edited
In 1996,
JAY Z
rapped "Ain't no stoppin the champagne from poppin" on his debut album. Now he's part owner of Armand de Brignac Champagne
Jay Z Buys ‘Ace of Spades’ Champagne Stake From Sovereign Brands
www.bloomberg.com
Rapper Shawn “Jay Z” Carter has purchased an interest in the Armand de Brignac Champagne line owned by Sovereign Brands, a closely held wine and spirits company based in New York.
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19 hours ago
A Chris Christie sighting with a side of wild-boar
Christie Lunches With Billionaires After Big Election Day
www.bloomberg.com
As Chris Christie’s left hand held onto Henry Kissinger’s right shoulder, eyes around the Four Seasons Grill Room in Manhattan darted discreetly.
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20 hours ago
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Edited
Branson’s plan to take
Virgin Galactic
's maiden voyage with his son lies in tatters
Branson Empire Reverberates From Shock of Shattered Space Craft
www.bloomberg.com
In a marquee the size of an aircraft hangar, Richard Branson politely brushed aside questions two years ago on Virgin Atlantic Airways Ltd., his best-known brand. Instead, he made clear the future lay in commercial spaceflight.
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21 hours ago
Bloomberg Markets
ranks the world's richest family wealth management offices
The Richest Family Offices
www.bloomberg.com
CV Advisors of Miami is the fastest-growing family office in a year when the number of very rich in the world grew by 15.6 percent.
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21 hours ago
What is Jeff Bezos thinking with Amazon's new piece of hardware?
Amazon Unveils Echo Interactive Speaker in New Offering
www.bloomberg.com
Amazon.com Inc. unveiled a new voice- controlled interactive speaker called Echo that lets people stream music and search the Internet.
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22 hours ago
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Edited
Lenovo is the best positioned Chinese electronics firm, CEO says
Looks Like Lenovo Closed the Motorola and IBM Deals Just in Time
www.bloomberg.com
Only weeks after completing a combined $5 billion in purchases of Google's Motorola Mobility and IBM's server business, Lenovo Group reported disappointing quarterly sales. The numbers missed analysts’ estimates as revenue growth fell to the slowest pace in six quarters, sending shares of the Chines…
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22 hours ago
Over 12,000 Coloradans are licensed to work in the marijuana industry
Pot Is the New Frontier for Jobs, Says Cable Entrepreneur
www.bloomberg.com
Bruce Nassau made his first fortune in the cable television industry in Colorado. Now he sees opportunity in the legalization of marijuana.
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23 hours ago
Toyota anticipates a second-straight year of record profits
Lexus Surfing Yen Boon as Sportier Models Hit Dealer Lots
www.bloomberg.com
Toyota Motor Corp. President Akio Toyoda is poised to see record profits from the new sport coupes and SUVs he helped develop as Japan’s largest automaker and its Lexus division benefits from a falling yen.
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23 hours ago
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Edited
'Halo:Nightfall' is not ready for prime time
Ridley Scott's 'Halo' Battles Aliens and for Audiences' Attention
www.bloomberg.com
If you had a Halo-themed wedding, chances are you're going to love the new "Halo: Nightfall" series that lets legendary filmmaker Ridley Scott loose on the multibillion-dollar video game franchise. For those uninitiated in the multi-part aliens versus human shooting series and its related…
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Yesterday
Bloomberg Businessweek
delivers their annual glimpse at what the world has in the works
Businessweek's #YearAhead Issue: Your guide to the companies, economies, products & innovations that will matter in 2015
http://buswk.co/13L2bh9
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Yesterday
A long two years in Washington could start with an immigration fight
Obama Immigration Vow Clashes With McConnell’s
www.bloomberg.com
President Barack Obama and Senate Republican leader Mitch McConnell promised Americans yesterday they’d search for common ground, then fired the opening salvos of a new battle over immigration.
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Yesterday
S&P 500 beats analyst estimates at the best rate in four years
U.S. Earnings Beat Estimates at Fastest Pace in 4 Years
www.bloomberg.com
Standard & Poor’s 500 Index companies are beating analysts’ estimates at the fastest pace in four years, underscoring the strength of the U.S. economy’s recovery from the longest recession since the Great Depression.
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Yesterday
“About 60 units of military vehicles were redeployed to the border from Rostov-on-Don in the past 24 hours.”
Ukraine Truce in Peril as Russia Is Warned on Sanctions
www.bloomberg.com
Ukraine’s two-month-old truce was at risk of unraveling as fighting shook rebel-held areas in the east and the U.S. and Germany warned that Russia risked more sanctions over the conflict.
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Yesterday
Mining costs were allowed to spiral “out of control” during gold's bull market
Plunging Gold Price Has Mining Companies Selling at Loss
www.bloomberg.com
The latest decline in the price of gold is saddling higher-cost producers with losses on every ounce mined, and pushing others to the brink of also slipping into the red.
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Yesterday
Ebola-Free Kent Brantly on Mission to Dispel Fear
www.bloomberg.com
Just two weeks after Kent Brantly, the first person to be treated on U.S. soil for Ebola, walked out of Emory University Hospital cured of the deadly virus, he received a call.
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Yesterday
Specter of 1937 is weighing on the minds of top Fed officials
http://www.bloomberg.com/news/2014-11-06/fed-concern-with-repeat-of-1937-blunder-echoed-by-markets.html
Fed Concern With Repeat of 1937 Blunder Echoed by Markets
www.bloomberg.com
The specter of 1937 is weighing on the minds of top Federal Reserve officials as they work on a road map for unwinding their unprecedented economic stimulus.
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Yesterday
Michael R. Bloomberg: Gridlock leads voters out of Washington
http://www.bloombergview.com/articles/2014-11-06/gridlock-leads-voters-out-of-washington
Gridlock Leads Voters Out of Washington
www.bloombergview.com
Americans made clear on Election Day that they are hungry for bipartisan problem-solving and that they are focusing on those places where it can actually happen.
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Yesterday
Draghi tests his limits: Is the time for QE approaching?
http://www.bloomberg.com/news/2014-11-06/draghi-tests-limits-of-power-as-ecb-enters-2014-endgame.html
Draghi Tests Limits of Power as ECB Enters 2014 Endgame
www.bloomberg.com
As Mario Draghi prepares the ground for further European Central Bank action, he’s testing the limits of his power.
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Yesterday
http://www.bloomberg.com/news/2014-11-06/how-captain-jack-sparrow-helped-his-mate-cut-u-k-taxes.html
How Captain Jack Sparrow Helped His Mate Cut U.K. Taxes
www.bloomberg.com
For someone who invested almost $10 billion of his clients’ money in films, Tim Levy doesn’t display much enthusiasm for show business.
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November 5
Japan's surprise stimulus last month has added more than $3 billion to the net worth of the country's top billionaires.
Japan's Wealthiest Reap $3 Billion Windfall in Kuroda's October Surprise
www.bloomberg.com
The Bank of Japan’s unexpected stimulus has already made the country’s richest even wealthier, adding more than $3 billion to the four top billionaires’ net worth.
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November 5
We're (still) about 12 months away from the Model X
Tesla Profits Exceeds Estimates on Record Deliveries of Model S
www.bloomberg.com
Tesla Motors Inc. rose after the carmaker led by Elon Musk reported third-quarter results that beat analysts’ estimates and trimmed its forecast for vehicle sales this year to 33,000 from 35,000.
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November 5
Hong Kong's "Milkshake Murderer" has no regrets a decade after her banker husband's death.
No Regrets for Kissel 11 Years After Banker-Husband Death
www.bloomberg.com
Eleven years after Nancy Kissel bludgeoned her banker husband to death in their luxury Hong Kong apartment, the American expatriate says from a maximum security prison she has no regrets about her life.
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November 5
BREAKING: Yen weakens to 115 per U.S. dollar for first time since November 2007 |
bloomberg.com
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November 5
Rubber chickens over deviled eggs
Scene Last Night: Wild and Weird Williamsburg Performance
www.bloomberg.com
Performa’s party last night made Williamsburg cool again. It was the kind of event you want to tell your kids about -- with some censoring.
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November 5
“I look for the type of guy in London who gets up at 7 o’clock on Sunday morning when his kids are still in bed and logs onto a poker site so that he can pick off the U.S. drunks coming home on Saturday night”
Platt’s $50 Billion Hedge-Fund Dream Deferred
www.bloomberg.com
When billionaire Michael Platt flew to the Middle East in September 2013, he was running one of the world’s largest hedge funds. He wanted to make it bigger.
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November 5
·
Edited
Bordeaux’s finest winemakers take a beating from President Xi
Bordeaux Wines Feel Pain of Chinese Crackdown on Lavish Living
www.bloomberg.com
Lina Fan, who runs an estate in the Bordeaux region that produces some of France’s finest wines, is feeling the pain of China’s crackdown on conspicuous consumption.
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November 5
Something to chew on until Michelin hands out stars next week
Michelin Names 58 Chicago Restaurants Offering Value for Money
www.bloomberg.com
Michelin today named 58 Chicago-area restaurants serving good-quality, inexpensive food.
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November 5
Four or five trucks of Red Bull enter Syria every day
Red Bull Fuels Islamists Controlling Syrian Border Trade
www.bloomberg.com
Turkish traders of everything from Red Bull energy drinks to cement are profiting from Islamist conquests in Syria, while the militants are boosting their coffers with fees from the cross-border business.
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November 5
A hard look at Twitter's rookie year
Happy Birthday Twitter? Looking Back One Year After IP0
www.bloomberg.com
Twitter Inc. is celebrating its one- year anniversary as a public company tomorrow with a stock that’s soared more than 54 percent from its debut. Its performance by many other measures is less stellar.
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November 5
Third quarter wage gains were the largest since first three months of Obama presidency
Wages Showing Spark of Hope Came Too Late for Obama’s Democrats
www.bloomberg.com
Barack Obama’s 2008 promise to bring hope and change to an economy mired in crisis may be starting to materialize. It just came too late to save the president’s party from defeat.
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November 5
Nicaragua -- the second-poorest nation in the Western Hemisphere -- now boasts a billionaire
Meet Carlos Pellas, Nicaragua’s First Billionaire
www.bloomberg.com
When the guerrilla army of the Sandinista National Liberation Front, led by Daniel Ortega, took over Nicaragua in 1979, one of its first acts was to seize the assets of the country’s business oligarchs.
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November 5
Render unto Christie what is Christie's
Christie Heads to 2016 Decision With Republican Favor Bank Full
www.bloomberg.com
New Jersey Governor Chris Christie, who visited 19 states in the five days leading up to yesterday’s elections to rally support for fellow Republicans, can rest on a stack of owed political favors.
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November 5
·
Edited
An x-ray flare blacked out radio today. Are more coming?
Those Sunspots Approaching Earth Could Bring Blackouts
www.bloomberg.com
A new group of sunspots has come into view of Earth and it has the attention of the U.S. Space Weather Prediction Center.
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November 5
Modern art sales show no signs of slowing down
Giacometti’s Chariot Leads Sotheby’s $422 Million Sale
www.bloomberg.com
Alberto Giacometti’s “Chariot” sculpture sold for $101 million, leading Sotheby’s record $422 million Impressionist and modern art sale in New York.
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November 5
The U.S. and Saudi Arabia play high-stakes chicken over oil prices
Saudi Flexing Met With Crickets by U.S. Shale Frackers
www.bloomberg.com
Saudi Arabia’s rivals in the shale fields from North Dakota to Texas aren’t flinching as the Persian Gulf kingdom wages a price war to reclaim market share and chill competition.
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November 5
When Big Tech holds the encryption keys, police and spies are left knocking on the door
Silicon Valley Privacy Push Sets Up Arms Race With World’s Spies
www.bloomberg.com
By Amy Thomson and Adam Satariano Nov. 5 (Bloomberg) –- U.S. technology companies are escalating pressure to let police and spies tap into smartphone data and e-mails in the name o ...
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November 5
MLS viewership is down 32 percent this season compared to 2010
High School Soccer Stars Dreaming of Europe Show Long Road Ahead for U.S.
www.bloomberg.com
The difference in popularity between U.S. soccer and European football is nowhere more evident than at YSC Academy near Philadelphia, the only high school dedicated to developing American players.
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November 5
American Eagle wants to be your dog outfitter
American Eagle Wants to Be Outfitter for Your Dog This Holiday Season
www.bloomberg.com
American Eagle Outfitters Inc., the teen retailer struggling to sell clothes to human customers, plans to target a different species this holiday season: dogs.
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November 5
McRib back
McDonald’s Bringing Back McRib in 75% of U.S. Restaurants
www.bloomberg.com
McDonald’s Corp., struggling to boost sales in the U.S., is bringing back the McRib sandwich this week in about three-quarters of its domestic locations.
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November 5
From
Bloomberg Politics
: America, America, this is you
Republican House gains exceed the party's own wild ambitions.
http://bloom.bg/1x7Cphy
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November 5
Farmers need oil to stay cheap for another six months to see any benefits
Snakebit Farmers Find Oil Collapse Is No Help at All
www.bloomberg.com
The plunge in U.S. fuel costs is coming too late to help American farmers stung by the lowest crop prices in years.
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