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Monday, 30 September 2013

Netanyahu to Rebut Iran ‘Sweet-Talk’ in Speech to UN

Israel’s prime minister and his allies expressed concern that President Barack Obama’s phone call with Iranian President Hassan Rouhani may signal that efforts to halt Iran’s nuclear program will stall.
Read more: Bloomberg news

Siemens CEO Kaeser Cuts 15,000 Jobs to Catch Up With GE

Siemens AG’s new Chief Executive Officer Joe Kaeser is widening job cuts from an initial plan after the failure to catch up in profitability with rivals General Electric Co. and ABB Ltd. cost his predecessor the job.
Read more: Bloomberg news

Government Shutdown Near as House Votes to Delay Obamacare 

The U.S. government hurtled toward a partial shutdown for the first time in 17 years on Oct. 1 as Congress deadlocked over Republicans’ insistence on delaying the 2010 health-care law.
Read more: Bloomberg news

Government Shutdown 1 Day Away as Deal Evades Lawmakers

Congress is leaving itself just one day tomorrow to end a budget stalemate that raises the risk of the first government shutdown in 17 years as Republicans sought to shift blame for the gridlock to Democrats.
Read more: Bloomberg news

Arnault Pits Son Versus Daughter in LVMH Succession Test

Two years ago, Bernard Arnault asked his son Antoine to run shoemaker Berluti, then this month he installed his daughter, Delphine, as executive vice president of Louis Vuitton. While her brief is to revive the handbag maker and Antoine’s task is to transform Berluti into a menswear titan, Arnault is auditioning both for another job: his own.
Read more: Bloomberg news

Friday, 27 September 2013

‘White Widow’ at Large as Governments Bungle Cooperation

Kenyan investigators knew two years ago that they wanted to question Samantha Lewthwaite, the 29- year-old widow of one of the suicide bombers who struck the London transit system in 2005.
Read more: Bloomberg news

Thursday, 26 September 2013

Obama’s $3,000 Health-Law Premiums Test Limits of Affordability  

Health insurance under Obamacare will cost individuals at least $2,988 a year on average, a price that Republican opponents may target as out-of-reach for many Americans who don’t qualify for U.S. subsidies.
Read more: Bloomberg news

Wal-Mart Cutting Orders as Unsold Merchandise Piles Up

Wal-Mart Stores Inc. is cutting orders it places with suppliers this quarter and next to address rising inventory the company flagged in last month’s earnings report.
Read more: Bloomberg news

Americans Turn on Washington, 68% Say Wrong Track in Poll

As the U.S. heads toward a potential government shutdown or default, the public is more alienated from Washington than at any time since the aftermath of the 2011 downgrade of the nation’s credit rating.
Read more: Bloomberg news

Pimco Sees Buffett’s India Dream Cut to Junk as Vote Looms

Little more than two years after Warren Buffett labeled India a “dream market,” the economy is expanding at the slowest pace in a decade and the nation’s debt ratings are at risk of being cut to junk.
Read more: Bloomberg news

Senate Vote Set on Spending Bill After Cruz Ends Speech

The U.S. Senate advanced a stopgap spending measure after Republican Ted Cruz defied party leaders by staging a speech that lasted more than 21 hours, as a government shutdown looms.
Read more: Bloomberg news

Wednesday, 25 September 2013

Death Dinners at Baby Boomers’ Tables Take on Dying Taboo

At a Manhattan dinner party, former Citigroup Inc. executive Steffen Landauer gathered an eclectic mix of guests at his apartment off Fifth Avenue to sip pinot noir, dine on seared salmon -- and talk about death.
Read more: Bloomberg news

Tuesday, 24 September 2013

At 77 He Prepares Burgers Earning in Week His Former Hourly Wage

It seems like another life. At the height of his corporate career, Tom Palome was pulling in a salary in the low six-figures and flying first class on business trips to Europe.
Read more: Bloomberg news

Doctors Brace for Health Law’s Surge of Ailing Patients

Holy Cross Hospital’s health center in Aspen Hill, Maryland, is bracing for more business.
Read more: Bloomberg news

Obama Endorses Fellow Democrat De Blasio for New York Mayor

Bill de Blasio, the Democratic nominee for New York mayor, won the backing of President Barack Obama, who praised the candidate’s pledge to close the growing gap between rich and poor in the most populous U.S. city.
Read more: Bloomberg news

Wal-Mart Hires Workers for Holidays Amid Shelf Complaints

Wal-Mart Stores Inc. is hiring 55,000 seasonal workers and adding another 70,000 part-time and full-time workers as it gears up for the holiday season and reverses workforce reductions that have made it hard to keep store shelves stocked.
Read more: Bloomberg news

Apple Sells 9 Million IPhones in Debut Weekend

Apple Inc. sold a record 9 million iPhones in the weekend debut of two new models, as the company included China in the rollout and consumers snapped up handsets with more colorful options and a fingerprint reader.
Read more: Bloomberg news

South Korea to Hold New Fighter Tender After Rejecting Boeing

South Korea said it would hold a new tender for 60 fighter jets after rejecting Boeing Co.’s bid for the 8.3 trillion-won ($7.7 billion) contract over concerns the F-15SE wasn’t advanced enough to counter North Korea’s nuclear threat.
Read more: Bloomberg news

Monday, 23 September 2013

Merkel Gets Biggest Victory Since Kohl’s Reunification Vote

Angela Merkel won an overwhelming endorsement from German voters, putting the country’s first female chancellor on course for the biggest election tally since Helmut Kohl’s post-reunification victory of 1990.
Read more: Bloomberg news

Hong Kong Maintains Storm Signal as Usagi Reaches China

Hong Kong maintained its third- highest storm signal, with the city braced for floods and hundreds of flights canceled, after Usagi made landfall as a severe typhoon in southern China.
Read more: Bloomberg news

Kenya Police Begin Assault to End Mall Seige After 68 Die

Kenyan police began an assault to end a siege by as many as 15 al-Qaeda-linked gunmen at a shopping mall in Kenya’s capital after an attack yesterday in which 68 people died and an unknown number were taken hostage.
Read more: Bloomberg news

Friday, 20 September 2013

Pope Says Church Should Stop Obsessing Over Gays, Abortion

Pope Francis said the Catholic Church shouldn’t be “obsessed” with preaching about abortion, gay marriage and contraception and should instead try to reach out to a broader congregation.
Read more: Bloomberg news

Apple's New IPhones Poised for Record Debut as Sales Begin

Apple Inc. attracted long lines of shoppers today for the global debut of its latest iPhones, the company’s biggest product introduction this year.
Read more: Bloomberg news

Women Waiting Tables Provide Most of Female Gains in U.S.

It’s almost 6 p.m. on a Friday and the tables near the bar at The Hamilton in downtown Washington are getting crowded. That means waitress Victoria Honard is busy.
Read more: Bloomberg news

Thursday, 19 September 2013

Walgreen Joins in Exodus of Workers to Private Exchanges

Walgreen Co., the biggest U.S. drugstore chain, will move its workers into a private health insurance exchange to buy company-subsidized coverage, the latest sign of how the debate over Obamacare is accelerating a historic shift in corporate health-care coverage.
Read more: Bloomberg news

Fed Refrains From QE Taper, Keeps Bond Buying at $85 Bln

The Federal Reserve unexpectedly refrained from reducing the $85 billion pace of monthly bond buying, saying it needs more evidence of lasting improvement in the economy and warning that an increase in interest rates threatened to curb the expansion.
Read more: Bloomberg news

Wednesday, 18 September 2013

Berkshire Billionaire Found With More Shares Than Gates

Stewart Horejsi’s business was in a funk. It was 1980, and Brown Welding Supply LLC, his family’s third-generation distributor of hydrogen and oxygen tanks, was battling competitors that were intent on expanding into the corner of Kansas he controlled.
Read more: Bloomberg news

Costa Concordia Raised Off Rocks After 19-Hour Salvage Operation

The wrecked Costa Concordia cruise ship was successfully righted today after an unprecedented 19- hour operation off the Italian island of Giglio, where the cruise liner has been lying on its side since it capsized 20 months ago, killing 32 passengers.
Read more: Bloomberg news

Less Tapering Becomes Tighter Credit No Matter What Fed Says

Federal Reserve Chairman Ben S. Bernanke sent bond yields a percentage point higher just by talking about adding stimulus at a slower pace. The rout serves as a warning to monetary policy makers that their exit from record accommodation won’t be easy to control.
Read more: Bloomberg news

Tuesday, 17 September 2013

Summers’s Withdrawal Said to Make Yellen Fed Front-Runner

Fed Vice Chairman Janet Yellen is the leading candidate to replace Ben S. Bernanke following the withdrawal of Lawrence Summers from consideration, a person familiar with the process said.
Read more: Bloomberg news

Texas Man Suspect in Navy Yard Shootings Leaving 13 Dead

A 34-year-old Navy veteran from Texas was identified by the FBI as the suspected gunman in shootings at the Washington Navy Yard that left at least 12 others dead.
Read more: Bloomberg news

Apple Seen Seeding Future Wearable Products in IPhone

Apple Inc.’s new high-end iPhone gives a glimpse of future products that may be in store from the world’s most-valuable company.
Read more: Bloomberg news

Ex-Soviet Programmers Take On India in $48 Billion Market

When Arkadiy Dobkin emigrated to the U.S. two decades ago, his first job was washing dishes. Now he employs 10,000 programmers in his native Belarus and elsewhere in eastern Europe, developing software for clients such as Barclays Plc and Expedia Inc.
Read more: Bloomberg news

Veggie-Heavy Stress Reduction Regimen Shown to Modify Cell Aging

The fountain of youth may simply be a healthy diet and reduced stress after all, not a magic pill or expensive cosmetics.
Read more: Bloomberg news

Friday, 13 September 2013

How Wal-Mart’s Waltons Maintain Their Billionaire Fortune

Visitors to the Crystal Bridges Museum of American Art in Bentonville, Arkansas, leave appreciative notes on a glass wall near the entrance.
Read more: Bloomberg news

Initial Jobless Claims Slump as Two States Underreport

Jobless claims in the U.S. declined last week to the lowest level since April 2006 as work on computer systems in two states caused those employment agencies to report fewer applications.
Read more: Bloomberg news

New $53,000 Chevy Corvette Stingray Worthy of ’60s Glory

The Chevrolet Corvette has long been America’s almost-great sports car.
Read more: Bloomberg news

Syria Vows Chemical-Weapons Ban Amid U.S.-Russia Talks

Syria said it would abide by an international treaty banning chemical weapons, even as President Bashar al-Assad set conditions that the U.S. lift its threat of military strikes and stop arming Syrian rebels.
Read more: Bloomberg news

Thursday, 12 September 2013

Microsoft's Concept Videos From 2000 Were Spot-On. So Why Didn't Ballmer Build Any of It?

(Corrects spelling of Microsoft spokesman's name in 6th paragraph.)
Read more: Bloomberg news

Apple Drops as IPhone Models Reflect Shift From Pioneer

Apple Inc. fell the most in almost five months after unveiling two iPhones that were criticized by analysts as lacking enough new features or a sufficiently low price to attract a broad range of new customers.
Read more: Bloomberg news

The IPhone's Secret Flights From China to Your Local Apple Store

As Apple CEO Tim Cook unveiled new iPhones yesterday, a complex operation had already kicked into gear behind the scenes to send millions of the handsets to store shelves worldwide.
Read more: Bloomberg news

Wednesday, 11 September 2013

Apple Unveils New IPhones at Cheaper Price

Apple Inc. unveiled two new iPhones, including a cheaper $99 version in bright colors and an updated high-end device, in a strategy shift by Chief Executive Officer Tim Cook to reach a broader range of customers around the world.
Read more: Bloomberg news

Putin Sets New Condition on Syrian Chemical Weapons Plan

Russian President Vladimir Putin set a condition that endangers the diplomatic initiative to eliminate Syria’s chemical weapons, saying it depends on the U.S. and other nations renouncing the use of force against Bashar al-Assad’s regime.
Read more: Bloomberg news

One in Four Men Surveyed in Asian Study Say They Raped

Almost one in four men surveyed in Asia said they committed rape at least once, in a study that may encourage renewed steps to prevent sexual violence.
Read more: Bloomberg news

Banks Seen at Risk Five Years After Lehman Collapse

Ruth Porat didn’t see it coming.
Read more: Bloomberg news

Tuesday, 10 September 2013

Obama Shrinking Second-Term Hastened by Syria Opposition

As Barack Obama seeks approval for a military strike in Syria, he finds the footprint of his historic presidency shrinking.
Read more: Bloomberg news

GE, IBM Ending Retiree Health Plans in Historic Shift

America’s biggest employers, from GE to IBM, are increasingly moving retirees to insurance exchanges where they select their own health plans, an historic shift that could push more costs onto U.S. taxpayers.
Read more: Bloomberg news

Unemployment Falling for Wrong Reason Creates Fed Predicament

The good news may be bad news for the Federal Reserve as it considers when to begin scaling back its stimulus.
Read more: Bloomberg news

Sam Adams Creator Becomes Billionaire as Craft Beer Rises

Armed with a family recipe and a flair for marketing, C. James “Jim” Koch popularized craft beer in the U.S. and turned Boston Beer Co. into the third- largest American-owned brewery. It also made him a billionaire, as sales of his flagship Samuel Adams brand helped Boston Beer shares double in the past year and reach a record high Friday.
Read more: Bloomberg news

Police Officer Gang-Raped Escorting Dead Sister in India

A police officer who was gang raped three weeks ago as she escorted her sister’s body to be cremated says the national outrage over the fatal sexual assault of a student in December has done little to change the lives of most Indian women.
Read more: Bloomberg news

Apple to Unveil IPhones Seeking End to Year of Struggles

Apple Inc.’s introduction of new iPhones is a chance for the company to turn the page on a dour year that included no big new gadgets, a falling stock and stepped-up competition.
Read more: Bloomberg news

Taxpayers Turn U.S. Farmers Into Fat Cats With Subsidies

A Depression-era program intended to save American farmers from ruin has grown into a 21st-century crutch enabling affluent growers and financial institutions to thrive at taxpayer expense.
Read more: Bloomberg news

Van Gogh Work Missing for Century on Show in Amsterdam

A new painting by Vincent Van Gogh has been discovered after two years of research to determine its authenticity, the Van Gogh Museum in Amsterdam said today.
Read more: Bloomberg news

Friday, 6 September 2013

Obamacare Insurance Costs Affordable, Kaiser Survey Finds

A 25-year-old New Yorker earning $25,000 a year will pay as little as $62 a month for health insurance next year, and a peer living in Vermont may pay nothing, according to a 17-state survey of premiums under the U.S. health-care overhaul.
Read more: Bloomberg news

Thursday, 5 September 2013

Samsung $299 Galaxy Gear Tests Demand for Smart Watches

Samsung Electronics Co. set the price of its Galaxy Gear at $299 as the biggest maker of smartphones beats Apple Inc. in unveiling a wristwatch device that can make phone calls, surf the Web and take photos.
Read more: Bloomberg news

Dead Dog in Reservoir Helps Drive Venezuelans to Bottled Water

The carcass of a dead dog floats on the lake that supplies tap water to 750,000 Venezuelans. Witch doctor Francisco Sanchez has just dumped the previous night’s sacrifice from a cliff, contaminating the resource that has become more scarce than gasoline in Caracas.
Read more: Bloomberg news

Russia Boosts Mediterranean Force as U.S. Mulls Syria Strike

Russia is sending three more ships to the eastern Mediterranean to bolster its fleet there as a U.S. Senate panel will consider President Barack Obama’s request for authority to conduct a military strike on Syria.
Read more: Bloomberg news

Senate Committee Approves Resolution for Syria Strikes

The Senate Foreign Relations Committee voted to authorize President Barack Obama to conduct a limited U.S. military operation against Syria because of its use of chemical weapons.
Read more: Bloomberg news

Adelson New Obama Ally as Jewish Groups Back Syria Strike

Lobbying on Syria has inspired coalitions of the unlikely, aligning President Barack Obama with Sheldon Adelson, the Republican billionaire who spent about $70 million trying to defeat him last year, in the push for a military response to the use of chemical weapons.
Read more: Bloomberg news

Fracking Boom Seen Raising Household Incomes by $1,200

Surging oil and natural gas production brought on by hydraulic fracturing is lifting the U.S. economy by lowering energy costs for consumers and manufacturers, according an industry-funded report.
Read more: Bloomberg news

Wednesday, 4 September 2013

Microsoft to Buy Nokia’s Devices Unit for $7.2 Billion

Microsoft Corp. is spending 5.44 billion euros ($7.2 billion) to buy Nokia Oyj’s handset unit so it can gain ground on Apple Inc. and Google Inc. in a smartphone market it let get away -- gaining a possible new chief executive officer in the process.
Read more: Bloomberg news

Split Congress Mulls Denial of Military Force Request

No U.S. president has ever been turned down by Congress when asking to use military force.
Read more: Bloomberg news

Obama Gets Boehner’s Support in ‘Call to Action’ Against Syria

President Barack Obama urged Congress to take a “prompt” vote authorizing military action against Syria and won support from the two top House Republicans even as two polls found opposition from the American public.
Read more: Bloomberg news

Black Homeownership Dying Where Obama Revitalized

Helene Pearson’s belief in homeownership was shattered in Roseland, the mostly black Chicago neighborhood where President Barack Obama got his start as a community organizer.
Read more: Bloomberg news

London Walkie Talkie Owners Probe Tower’s Car-Melting Ray

The owners of the 37-story tower known as the Walkie Talkie in the City of London financial district are investigating a light beam cast by the building that’s so intense it melted parked cars.
Read more: Bloomberg news

China ‘Catastrophe’ Hits 114 Million as Diabetes Spreads

China’s diabetes epidemic is worse than previously estimated -- much worse.
Read more: Bloomberg news

Tuesday, 3 September 2013

Worst of Crisis Over for Asian Emerging Markets, Nomura Says

The worst is over for Asian emerging markets after investors pulled billions of dollars last month on concern the U.S. Federal Reserve will start cutting back bond purchases, according to Nomura Holdings Inc.
Read more: Bloomberg news

Obama Told to ‘Up His Game’ to Persuade Congress on Syria

President Barack Obama and his aides are meeting resistance from multiple directions as they seek congressional backing for military action against Syria, and a prominent critic told the president to “up his game.”
Read more: Bloomberg news

Obama’s Decision Stirs Doubts About America’s Resolve

President Barack Obama’s decision to seek congressional authority to attack Syria for alleged chemical weapons use has dismayed friends, delighted foes and prompted criticism that he’s undermined U.S. credibility.
Read more: Bloomberg news

Monday, 2 September 2013

Lenovo Chief Yang Shares Bonus With Workers a Second Year

Lenovo Group Ltd., the biggest personal computer maker, said Chief Executive Officer Yang Yuanqing will share at least $3 million of his bonus with workers for a second straight year after posting record sales.
Read more: Bloomberg news

Stocks Advance With Copper on China as Crude, Yen Drop

Stocks climbed around the world and copper rallied as manufacturing in China and Europe expanded and prospects of an imminent strike on Syria faded. The yen weakened, bonds declined and crude oil fell for a third day.
Read more: Bloomberg news

Obama Surprises Aides With Bid for Congressional Approval

After a week of planning for a strike against Syria with his political, diplomatic and military aides, U.S. President Barack Obama surprised even his closest advisers with a last-minute change-of-heart.
Read more: Bloomberg news

Singapore Stocks Worst in Developed World: Southeast Asia

Singapore stocks tumbled by the most among developed markets last month as investors pulled cash from Southeast Asia on concern about the future of global stimulus.
Read more: Bloomberg news

Verizon Poised to Announce $130 Billion Vodafone Accord

Verizon Communications Inc. is poised to announce an agreement as soon as today to acquire Vodafone Group Plc’s 45 percent stake in their wireless venture for $130 billion, capping its decade-long pursuit of full control of the biggest U.S. mobile-phone company.
Read more: Bloomberg news
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