
Bloomberg News
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Latest postings
2013-05-17 19:57:03 (2 comments, 5 reshares, 11 +1s)
Generation X, the unlucky cohort of Americans who became young adults during the boom years of the 1990s only to suffer a midlife bust, is facing bleak retirement prospects. | http://bloom.bg/12yJtUK


2013-05-17 18:55:30 (4 comments, 3 reshares, 11 +1s)
Gold continues its fall, capping the longest slump in more than four years, as the dollar jumped to a 34-month high. | http://bloom.bg/12fc9QM
(Photo: Carla Gottgens/Bloomberg)


2013-05-17 17:58:38 (1 comments, 1 reshares, 19 +1s)
Tesla increases the size of its equity and debt offerings by 30% to as much as $1.08 billion to repay its U.S. loan. | http://bloom.bg/12gcP8u
(Photo: Tesla)


2013-05-17 16:56:35 (2 comments, 3 reshares, 22 +1s)
For the first time since 2007, Bill Gates is the world's richest man, with his fortune $72.7 billion up 16% year-to-date. | http://bloom.bg/14twW4S
(Photo: Aaron M. Sprecher/Bloomberg)

2013-05-17 15:47:50 (1 comments, 1 reshares, 12 +1s)
The Pentagon cleared Apple devices for use on its networks, setting the stage for the maker of iPhones and iPads to compete with and BlackBerry for military sales. | http://bloom.bg/12AhJit


2013-05-17 14:56:37 (3 comments, 2 reshares, 16 +1s)
Payrolls climbed in 30 U.S. states in April, while the unemployment rate dropped in 40, showing the labor market strengthened across the country. | http://bloom.bg/12gF4nu
(Photo: David Paul Morris/Bloomberg)


2013-05-17 14:02:18 (2 comments, 1 reshares, 7 +1s)
Steven Miller, who is being forced out as acting commissioner of the Internal Revenue Service, said the agency has learned its lesson from the scandal involving selective scrutiny of tax-exempt groups. | http://bloom.bg/12A9WkC
Watch his testimony LIVE: http://bloom.bg/NLCt2c
(Photo: Alex Wong/Getty Images)


2013-05-17 12:47:29 (2 comments, 1 reshares, 8 +1s)
EXCLUSIVE: McDonalds is considering axing Caesar salads and the Angus Burger in an effort to streamline a menu that has expanded by 70% since 2007. | http://bloom.bg/12fnSyZ
(Photo: Charles Rex Arbogast/AP Photo)


2013-05-16 21:30:43 (5 comments, 5 reshares, 13 +1s)
President Obama said he had no advance warning about an inspector general’s report on the IRS's selective scrutiny of small-government advocacy groups. | http://bloom.bg/14t30WD
(Photo: Saul Loeb/AFP via Getty Images)


2013-05-16 19:00:42 (2 comments, 2 reshares, 18 +1s)
Billionaire investor George Soros joins BlackRock in cutting holdings of products backed by gold before a bear market in prices last month, while John Paulson maintained a stake that lost him $165 million. | http://bloom.bg/14q7ygx
(Photo: Carla Gottgens/Bloomberg)


2013-05-16 18:04:28 (2 comments, 4 reshares, 13 +1s)
Harry Winston paid a record $26.7 million for a colorless diamond in Geneva. The pear-shaped 101.73-carat stone is the largest flawless, colorless diamond to appear at auction. | http://bloom.bg/12vwR0z
(Photo: Christie's)


2013-05-16 16:40:39 (2 comments, 2 reshares, 23 +1s)
David Beckham said he’ll retire from soccer at the end of the season, closing a career that led him from Manchester United to become one of the world’s most-recognized people. | http://bloom.bg/14sqqeD
(Photo: David Ramos/Getty Images)


2013-05-16 16:01:29 (0 comments, 0 reshares, 6 +1s)
As immigration reform stalls, the House of Representatives is spending floor time on its 37th vote on repealing the 2010 Affordable Care Act. | http://bloom.bg/14qNz17
Photo: Rep. Kevin Brady says "It's a good strategy" for future legislation (Scott J. Ferrell/Congressional Quarterly)

2013-05-16 15:05:19 (0 comments, 0 reshares, 7 +1s)
Women led eight of Washington’s 50 most politically active trade lobby groups, but earned about $600,000 less than their male counterparts. | http://bloom.bg/12wuxGs


2013-05-16 14:14:36 (4 comments, 2 reshares, 16 +1s)
The White House has resisted rising calls for the U.S. to send weapons to the rebels and use air power to deny Assad the use of his warplanes and helicopters. | http://bloom.bg/12wsgeH
(Photo: Esa Alexander/The Times/Gallo Images via Getty Images)


2013-05-16 13:09:46 (0 comments, 3 reshares, 23 +1s)
Google shares rose to a record after the company unveiled a subscription music-streaming service and overhauled its online maps. | http://bloom.bg/12tvIqb
(Photo: David Paul Morris/Bloomberg)

2013-05-16 12:35:13 (0 comments, 2 reshares, 8 +1s)
Jobless claims jumped by 32,000 to 360,000 in the week ended May 11, exceeding all forecasts in a Bloomberg survey of economists and the most since the end of March. | http://bloom.bg/12xoUbf


2013-05-16 12:08:38 (1 comments, 1 reshares, 7 +1s)
Even supporters are questioning whether the Obama Administration abused the offices of government for political gain. | http://bloom.bg/12wtIOa
(Photo: Andrew Harrer/Bloomberg)


2013-05-15 21:29:09 (2 comments, 2 reshares, 12 +1s)
The Treasury Department suspended sales of securities to local and state governments, the first of several steps it can take to keep funding the government without breaching the nation’s debt limit. | http://bloom.bg/14prtfu
(Photo: Andrew Harrer/Bloomberg)

2013-05-15 19:58:51 (0 comments, 2 reshares, 9 +1s)
Google introduced subscription music streaming and overhauled its mapping service at a developer meeting today, seeking to attract most users and advertisers. Will it make you ditch Spotify? | http://bloom.bg/12tvIqb


2013-05-15 18:57:17 (1 comments, 1 reshares, 7 +1s)
The IRS, under pressure after admitting it targeted anti-tax Tea Party groups for scrutiny in recent years, also had its eye on Democratic-leaning organizations seeking nonprofit status. | http://bloom.bg/12teMjJ
(Photo: Win McNamee/Getty Images)


2013-05-15 18:03:43 (1 comments, 3 reshares, 16 +1s)
The Pentagon risks exposing itself to hackers by opening its communications networks to Apple and Samsung smartphones and tablets, according to cybersecurity officials. | http://bloom.bg/12tGqx1
(Photo: Victor J. Blue/Bloomberg)


2013-05-15 17:00:58 (1 comments, 2 reshares, 10 +1s)
Harvard on a discount? Professors across the U.S. are criticizing a rush to offer free online college courses, challenging a movement designed to spread knowledge and reduce higher-education costs. | http://bloom.bg/12tGEEp
(Photo: Michael Fein/Bloomberg)


2013-05-15 16:01:09 (2 comments, 1 reshares, 15 +1s)
Are rules against the use of "gadgets" like iPhones or tablet computers on planes useless? Lawmakers say yes, but pilots tell a different story. | http://bloom.bg/12tGlth
(Photo: Joshua Roberts/Bloomberg)


2013-05-15 15:00:12 (2 comments, 1 reshares, 9 +1s)
Allies of President Obama are warning the administration that it has been too slow in responding to a cascading set of scandals and risks letting Republicans define his second term and derail his agenda. | http://bloom.bg/14m0C3N
(Photo: Jewel Samad/AFP via Getty Images)


2013-05-15 13:59:41 (2 comments, 1 reshares, 9 +1s)
The Pentagon is ordering furloughs of 680,000 civilian workers in an effort to save $1.8 billion of the $37 billion in spending cuts it must make this year. | http://bloom.bg/12rLWjB
(Photo: Daniel Acker/Bloomberg)


2013-05-15 12:59:02 (2 comments, 0 reshares, 14 +1s)
Google plans to start a subscription music-streaming service as soon as this week that would compete with Spotify. | http://bloom.bg/12tvIqb
(Photo: David Paul Morris/Bloomberg)


2013-05-15 12:02:56 (0 comments, 3 reshares, 16 +1s)
HSBC, Europe’s largest bank, will eliminate as many as 14,000 more jobs as CEO Stuart Gulliver set out plans to cut an additional $3 billion of costs as he tries to revive profitability. | http://bloom.bg/12tHxwH
(Photo: Jerome Favre/Bloomberg)


2013-05-14 21:56:07 (0 comments, 3 reshares, 12 +1s)
A surge in demand for gold ornaments and coins after the biggest slump in prices in three decades is poised to boost profit at India’s largest manufacturer and exporter of jewelry. | http://bloom.bg/10Ta0Yt
(Photo: Dhiraj Singh/Bloomberg)


2013-05-14 20:36:28 (1 comments, 2 reshares, 14 +1s)
BREAKING: Wal-Mart to raise inspection standards on factories in Bangladesh after a factory collapse there killed over 1,100 people. | http://bloom.bg/12sLl1g
(Photo: Daniel Acker/Bloomberg)


2013-05-14 19:02:21 (0 comments, 0 reshares, 8 +1s)
Media groups say the U.S. Justice Department interfered with press freedom when it secretly collected telephone records from reporters and editors over a two-month period last year. | http://bloom.bg/12vWyg4
(Photo: Ben Hider/Getty Images)


2013-05-14 18:19:12 (2 comments, 0 reshares, 7 +1s)
States should lower the definition of drunken driving to a blood-alcohol reading of no more than .05 percent, the National Transportation Safety Board recommended today. Is the U.S. too tolerant of drunk driving? | http://bloom.bg/12rTXFi
(Photo: Mark Wilson/Getty Images)


2013-05-14 17:03:12 (0 comments, 3 reshares, 7 +1s)
Almost five years after Lehman Brothers filed for bankruptcy and set off the global financial crisis, managers of the bank’s estate are demanding millions of dollars from retirement homes, colleges and hospitals. | http://bloom.bg/10TMnPw
(Photo: Tomohiro Ohsumi/Bloomberg)


2013-05-14 16:03:49 (1 comments, 0 reshares, 5 +1s)
Are Biemers the new bitcoin? People are buying more BMWs, Jaguars and other luxury cars as a store of value as inflation decimates deposits and pummels bonds. | http://bloom.bg/14k4fqX
(Photo: Victor R. Caivano/AP Photo)


2013-05-14 15:22:31 (0 comments, 1 reshares, 9 +1s)
A Ferrari that competed in the 1953 Le Mans 24-hour race and another that John Lennon bought just after passing his driving test are coming up for auction as prices rise for classic models. | http://bloom.bg/10Tz41J
(Photo: Bonhams via Bloomberg)


2013-05-14 14:17:25 (1 comments, 3 reshares, 11 +1s)
The Pentagon will impose furloughs on as many as 650,000 civilian employees in response to the U.S. budget cuts known as sequestration, according to a defense official. | http://bloom.bg/12rLWjB
(Photo: Rich Clement/Bloomberg)


2013-05-14 13:20:08 (5 comments, 7 reshares, 26 +1s)
Angelina Jolie, the highest-paid actress in Hollywood, said she had a double mastectomy to prevent breast cancer, the disease that killed her mother at age 56. | http://bloom.bg/14j4fYt
(Photo: Stephen Hilger/Bloomberg)


2013-05-13 20:44:48 (3 comments, 0 reshares, 7 +1s)
President Obama called it “outrageous” for the IRS to target groups promoting limited government for special attention. | http://bloom.bg/10STNmc
(Photo: Bill Clark/CQ Roll Call/Getty Images)


2013-05-13 18:17:26 (0 comments, 1 reshares, 4 +1s)
Apple and Google have been asked by the New York attorney general to take steps to deter thefts of iPhones and other handheld devices and eliminate a black market for the products. | http://bloom.bg/10Rbanr
Photo: New York City Police said Apple product thefts increased 40% last year (David Paul Morris/Bloomberg)


2013-05-13 17:30:49 (0 comments, 5 reshares, 7 +1s)
26 states have elected to leave setting up insurance exchanges to the federal government, leaving millions at risk of slowed access to health care. | http://bloom.bg/12uCIly


2013-05-13 16:30:16 (0 comments, 11 reshares, 27 +1s)
As Apple and Samsung develop smart watches and Google prepares to roll out Web-enabled eyewear, the wearable-computer market may swell to $6 billion by 2016. | http://bloom.bg/12sWQo3
(Photo: David Paul Morris/Bloomberg)


2013-05-13 15:30:31 (2 comments, 0 reshares, 4 +1s)
While the fighting continues, the U.S. is mounting what may become a $7 billion effort to withdraw most of its forces from Afghanistan by the end of next year. | http://bloom.bg/10R7ke0
(Photo: Sebastiano Tomada/Sipa via AP Images)


2013-05-13 14:33:49 (1 comments, 3 reshares, 7 +1s)
Euro-area data this week will probably reveal economic scars of the sovereign debt crisis confirming that the region is now suffering the longest recession since the single currency’s creation. | http://bloom.bg/10QYRaw
(Photo: Ralph Orlowski/Bloomberg)


2013-05-13 12:13:14 (1 comments, 2 reshares, 21 +1s)
Hedge funds increased bets on lower gold prices after investors pulled a record $20.8 billion from bullion funds this year. | http://bloom.bg/19g50lX
(Photo: Yuriko Nakao/Bloomberg)


2013-05-10 20:46:01 (10 comments, 9 reshares, 29 +1s)
The concentration of carbon dioxide in the atmosphere surpassed 400 parts per million for the first time since measurements began, breaching a threshold not seen for 3 million years. | http://bloom.bg/10KWQN9
(Photo: AFP via Getty Images)


2013-05-10 19:18:31 (0 comments, 1 reshares, 5 +1s)
Billionaire Carl Icahn, seeking to upend a $24.4 billion buyout of Dell by its founder and Silver Lake Management LLC, proposed an alternative that lets investors keep their equity stakes in the computer maker. | http://bloom.bg/10JUMFa
(Photo: Scott Eells/Bloomberg)


2013-05-10 17:57:17 (7 comments, 4 reshares, 10 +1s)
Say goodbye to the Angus Third Pound burger. McDonald’s is dropping the $4 sandwich from its U.S. lineup as its hard-hit customers throng to the company’s Dollar Menu. | http://bloom.bg/12luZGh
(Photo: Jeff Kauck/McDonald's Corp via Bloomberg)

2013-05-10 16:59:05 (2 comments, 2 reshares, 7 +1s)
An Internal Revenue Service official apologized for what she called the agency’s improper flagging of some anti-tax Tea Party groups for extra scrutiny. | http://bloom.bg/12lFslb


2013-05-10 14:55:25 (1 comments, 0 reshares, 7 +1s)
U.S. senators are resisting pressure to reconsider their opposition to expanding background checks for firearm purchasers. | http://bloom.bg/10KAcEI
Photo: Sen. Kelly Ayotte voted against background check legislation, then had approval ratings drop by double digits (Alex Wong/Getty Images)


2013-05-10 13:59:56 (3 comments, 0 reshares, 5 +1s)
Grandmothers don't have lobbyists, which means budget cuts are throwing their grandkids off trains. | http://bloom.bg/10KidhL
(Photo: Andrew Harrer/Bloomberg)

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