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Buffett’s Berkshire Discloses $528.7 Million Verizon Bet
16/05/2014

Buffett’s Berkshire Discloses $528.7 Million Verizon Bet

Berkshire Hathaway Inc. disclosed a stake in Verizon Communications Inc. as Warren Buffett’s backup stock pickers build their portfolios. Verizon gained in extended trading in New York.

It's All About Mi!: Video
16/05/2014

It's All About Mi!: Video

May 16 (Bloomberg) –- Xiaomi's already a household name in China for its Mi Phones. Now it's launched the Mi Pad. Having poached Hugo Barra from Google, Xiaomi's shown it's serious about it's global ambitions. Bloomberg's Stephen Engle reports from Beijing. (Source: Bloomberg)

Companies Choose Profits Over Productivity
16/05/2014

Companies Choose Profits Over Productivity

U.S. companies are spending their cash hoards on stock buybacks and dividends, rather than the equipment workers need

Sterling drops after BOE sticks to rate hike timetable in dovish inflation report
16/05/2014

Sterling drops after BOE sticks to rate hike timetable in dovish inflation report

Sterling dropped after the Bank of England retained a dovish tone in its quarterly Inflation Report, sticking to its previous timetable for raising rates.

Fixed-Income Bonuses Seen Falling as Asset Managers Gain
16/05/2014

Fixed-Income Bonuses Seen Falling as Asset Managers Gain

Wall Street’s bonus pool may rise as much as 10 percent this year for asset managers while fixed- income traders could see a 15 percent cut, according to compensation consultant Johnson Associates Inc.

Study Shows Casual Pot Use Damages Brain
16/05/2014

Study Shows Casual Pot Use Damages Brain

Casual ma*****na use impacted regions of the brain associated with emotion, motivation and some forms of mental illness. Dr. Hans Breiter, who led the study, discusses the finding on the News Hub. Photo: Getty Images.

Levine on Wall Street: Getting out of the Mortgage Business Is Harder Than It Looks
16/05/2014

Levine on Wall Street: Getting out of the Mortgage Business Is Harder Than It Looks

For $50,000, you could have lunch with Tim Geithner, but market-clearing prices are not necessarily welfare maximizing under realistic assumptions.

Portugal Laden With $293 Billion Debt Exits Bailout Plan
16/05/2014

Portugal Laden With $293 Billion Debt Exits Bailout Plan

Portugal exits its international bailout program tomorrow, regaining the economic sovereignty the nation lost after the European debt crisis erupted while facing enduring challenges to its finances.

Five Design Tricks Starbucks Uses to Seduce You: Video
14/05/2014

Five Design Tricks Starbucks Uses to Seduce You: Video

May 14 (Bloomberg) –- Your neighborhood Starbucks gives off a laid back vibe, but that vibe is the result of countless hours of store testing and tweaking by highly paid designers. Bloomberg's Sam Grobart takes us inside an average Starbucks to break down five ways in which this coffee chain is cont…

Recession-Baby Millennials Scarred by U.S. Downturn Spurn Stocks
14/05/2014

Recession-Baby Millennials Scarred by U.S. Downturn Spurn Stocks

Portfolio manager Patrick O’Shaughnessy was talking with friends last year when he told them he invests only in stocks.

Cleanest Fossil Fuel is Wall Street Bet on Climate Change
09/05/2014

Cleanest Fossil Fuel is Wall Street Bet on Climate Change

Wall Street’s idea of investing in climate change means investors are piling into natural gas, the least polluting fossil fuel.

Decoding Dollar Turns Into Wall Street’s Parlor Game: Currencies
09/05/2014

Decoding Dollar Turns Into Wall Street’s Parlor Game: Currencies

The only consensus on the dollar is that there’s no consensus.

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