Most talked about Bloomberg News stories

Pay Penalty Haunts Recession Grads as U.S. Economy Mends

bloomberg.com — Nickole Gambrill is still paying the price for graduating college at the wrong time. She and other students who earned diplomas in the aftermath of the deepest U.S. recession since the 1930s are experiencing an earnings hangover that could last a lifetime, even as the labor market heals.
Jul 23, 2014

RT @SteveMatthews12: The Recession Grads of 2009, 2010 and 2011 got lousy jobs to start with, and their pay may never catch up bloom.bg/1nm0TiH

Jul 23, 2014

And you thought the frat party hangover was rough. Some grads could feel life-long "earnings hangover" bloom.bg/1nm0TiH (h/t @lmsixel)

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U.K. FCA Said to Near FX-Rigging Settlement With Banks

bloomberg.com — Talks to reach the first settlement in the currency-rigging probe are accelerating, with Britain's markets regulator preparing to reach a deal with a group of banks this year, people with knowledge of the talks said. The Financial Conduct Authority is in talks with banks including Barclays Plc, Citigroup Inc., JPMorgan Chase & Co.
Jul 23, 2014

U.K. Talks on Currency-Rigging Settlement Accelerate bloom.bg/1nV07VU via @BloombergNews

Jul 23, 2014

Barclays, Citi, HSBC, JPMorgan, UBS, RBS start settlement talks with FCA on Fx Rigging Bloomberg via @BloombergNews bloom.bg/1nV07VU

Jul 23, 2014

UK regulators in accelerated talks with banks about possible forex-rigging settlement. mobile.bloomberg.com/news/2014-07-2…

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How Many Millionaires Live in New York?

bloomberg.com — On today's "Big Number," Alix Steel reports on the 389,100 or 4.63% of New Yorkers that are millionaires. She speaks on "In The Loop." (Source: Bloomberg)
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Obama Reluctance to Arm Rebels Stiffened by Airliner Strike

bloomberg.com — The downing of a Malaysian passenger aircraft in Ukraine may stiffen Obama administration resistance to providing heavy armaments to rebels -- or even besieged governments -- seeking U.S. help in hotspots around the world. In the wake of the Malaysia Airlines disaster, President Barack Obama has raised the risk that weapons could be misused in his discussions with aides about the U.S.
Jul 23, 2014

MT @ASLuhn After #MH17, Obama is thinking twice about giving rebels elsewhere heavy arms. At least that's something bloomberg.com/news/2014-07-2…

Jul 23, 2014

Ukrainian separatists' misuse of lethal arms helps explain Obama's reluctance on Syria. bloom.bg/1nlZ9Ga @margarettalev shows why

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The Right to Be Forgotten

bloomberg.com — Like a maddening multilingual elephant, the Internet doesn't forget. Youthful political musings are recorded for posterity along with love-sick Facebook posts, mortifying photos, college-police blotters and announcements of ill-fated weddings. That's inspired the formulation of a new fundamental right, one no Enlightenment philosopher ever dreamed of: A right to be forgotten.
Jul 23, 2014

RT @jonathanlandman: Trying to make the Internet forget things sure is a messy business. bloom.bg/1ng26bX #QuickTake

Jul 23, 2014

RT @jonathanlandman: Trying to make the Internet forget things sure is a messy business. bloom.bg/1ng26bX #QuickTake

Jul 23, 2014

Trying to make the Internet forget things sure is a messy business. bloom.bg/1ng26bX #QuickTake

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Ethiopia Becomes China’s China in Search for Cheap Labor

bloomberg.com — Ethiopian workers strolling through the parking lot of Huajian Shoes' factory outside Addis Ababa last month chose the wrong day to leave their shirts untucked. Company President Zhang Huarong, just arrived on a visit from China, spotted them through the window, sprang up and ran outside.
Jul 23, 2014

"It could become the China of Africa." Bloomberg on how Ethiopia is learning from and doing business with Beijing: bloom.bg/1rHXpI9

Jul 23, 2014

RT @sapnam: Ethiopia Becomes China’s China in Global Search for Cheap Labor bloomberg.com/news/2014-07-2…

Jul 23, 2014

Ethiopia Becomes China’s China in Global Search for Cheap Labor bloomberg.com/news/2014-07-2…

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Ex-Jefferies Managing Director Litvak Gets Two-Year Sentence

bloomberg.com — Ex-Jefferies & Co. Managing Director Jesse Litvak, deemed an "elite" fraudster by prosecutors for being the only person convicted of fraud related to a $20 billion government bailout program, was sentenced to two years in prison for lying to customers about mortgage-backed securities.
Jul 23, 2014

Ex-Jefferies executive Litvak sentenced to 2 yrs for fraud. Prosecutors asked for 9 yrs, defense attorneys, 14 months bloom.bg/1kcqziW

Jul 23, 2014

RT @BloombergNews: Ex-Jefferies & Co. Managing Director Litvak gets two-year prison term for lying about mortgage-backed securities: http:/…

Jul 23, 2014

RT @BloombergNews: Ex-Jefferies & Co. Managing Director Litvak gets two-year prison term for lying about mortgage-backed securities: http:/…

Jul 23, 2014

Ex-Jefferies Managing Director Litvak Gets Two-Year Sentence bloom.bg/1kcqziW

Puerto Rico Default Risk Defied With Rally: Muni Credit

bloomberg.com — A potential restructuring of junk-rated Puerto Rico power bonds has failed to end the best rally in two years for the riskiest part of the $3.7 trillion municipal market. With benchmark interest rates on city and state obligations close to the lowest in a generation, munis rated below investment grade are getting a boost from a 50 percent drop in issuance and the debt's additional yield compared with corporate securities.
Jul 23, 2014

The risk of a Puerto Rico default isn't stopping high-yield #muni buyers bloom.bg/1pazIo9 @michellekaske

Jul 23, 2014

Who doesn't want to own some PREPA debt? Comes with a free haircut. Puerto Rico power bonds rebound: bloom.bg/1nU26ts

Jul 23, 2014

RT @StatesAndCities: The risk of a Puerto Rico default isn't stopping high-yield #muni buyers bloom.bg/1pazIo9 @michellekaske

Jul 23, 2014

RT @MichelleKaske: Even with Prepa's default risk, high-yield munis and #PuertoRico debt keep rallying. bloom.bg/1nU26ts

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Swaps Lobbyist’s New CEO to Limit Role in CFTC Lawsuit

bloomberg.com — The swaps industry lobbying group said Scott O'Malia, the U.S. regulator it hired to be chief executive officer, will limit his role in a lawsuit against the Commodity Futures Trading Commission he is leaving. O'Malia, the longest-serving member of the CFTC, said this week he plans to leave the commission Aug.
Jul 23, 2014

Scott O'Malia's not even the only CFTC commissioner this week to be hired by a regulated firm/group bloom.bg/1pGU0ae #thistown

Jul 23, 2014

RT @SamMamudi: In which @mattleising and I look at the recent number of regulators joining companies/industries they oversaw: bloom.bg/1nUPX7G

Jul 23, 2014

@ScottOMalia @CFTC “It’s breathtaking that he’s accepting the position while he’s still in his position at the CFTC” bloom.bg/1nUPX7G

Jul 23, 2014

In which @mattleising and I look at the recent number of regulators joining companies/industries they oversaw: bloom.bg/1nUPX7G

Home-Rentals Wall Street Made Say Grow or Go: Real Estate

bloomberg.com — Alexander Philips joined the rush to buy foreclosed U.S. homes four years ago, spending $40 million on houses in California and Nevada to operate as rentals. Now his firm, Twinrock Partners LLC, is getting ready to sell. "We didn't want to be the last one standing when the music stopped," Philips, 38, said in a telephone interview.
Jul 23, 2014

For the young Wall Street home-rental industry, it's time to go or grow: bloom.bg/1rIUD5x @johngitt @HeatherPerlberg

Jul 23, 2014

RT @toristilwell: Wall Street transformed the US home-rental industry. Now, some of them are bailing. bloom.bg/1rIUD5x

Jul 23, 2014

RT @toristilwell: Wall Street transformed the US home-rental industry. Now, some of them are bailing. bloom.bg/1rIUD5x

Jul 23, 2014

Wall Street transformed the US home-rental industry. Now, some of them are bailing. bloom.bg/1rIUD5x

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Putin’s Ukraine Woes Compounded by $103 Billion Yukos Claim

bloomberg.com — Russia will discover next week how much it may be asked to pay for the confiscation a decade ago of Mikhail Khodorkovsky 's Yukos Oil Co., then the country's biggest oil producer.
Jul 23, 2014

Sorry, Putin. Looks like Khodorkovsky isn't disappearing quietly. There's still a $103 billion lawsuit. bloom.bg/1r8ek5v

Jul 23, 2014

RT @BloombergNews: Russia faces potential $103B punitive ruling next week over confiscation of Khodorkovsky's Yukos Oil: bloom.bg/1tzeyUG

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Doctors’ Dilemma: Who Gets Costly Cure for Deadly Virus

bloomberg.com — Early this year, liver specialist Ken Flora and his colleagues sent letters to 1,300 patients announcing exciting news: powerful new drugs to cure the lethal hepatitis C virus were finally available. Soon after, some patients received a different message: notices that their health plans were refusing to pay for the $84,000 drug.
Jul 23, 2014

Who gets saved? Hepatitis cure at $84,000 makes doctors choose bloom.bg/1rIUD5t

Jul 23, 2014

Choosing who gets costly Hepatitis C cure is dilemma for doctors bloom.bg/1pFhKvC via @SimeonBennett and @RobertLangreth

Jul 23, 2014

As some expected, only the sickest hep C patients are getting treated with Sovaldi right away: bloomberg.com/news/2014-07-2… /via @BloombergNews

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World’s Biggest Wealth Fund Reviews $8 Billion Russian Holdings

bloomberg.com — Norway's $890 billion sovereign wealth fund, the world's biggest, is reassessing its holdings in Russia as the European Union considers expanding sanctions against the country. Since the July 17 downing of Malaysia Airlines flight MH17 by a missile that the U.S. says was probably supplied by the Russian military, sentiment toward assets based in Russia has soured further.
Jul 23, 2014

"@cr_harper: World’s biggest wealth fund reviews its $8 billion in Russian holdings bloom.bg/1kc63iq via @BloombergNews".

Jul 23, 2014

RT @cr_harper: World’s biggest wealth fund reviews its $8 billion in Russian holdings bloom.bg/1kc63iq via @BloombergNews

Jul 23, 2014

World’s biggest wealth fund reviews its $8 billion in Russian holdings bloom.bg/1kc63iq via @BloombergNews

Jul 23, 2014

World’s Biggest Wealth Fund Reviews $8 Billion Russian Holdings bloom.bg/1kc63iq via @BloombergNews

Jul 23, 2014

World’s Biggest Wealth Fund Reviews $8 Billion Russian Holdings bloom.bg/1kc63iq via @BloombergNews

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IMF Says Fed May Have Scope for Zero Rate Past Mid-2015

bloomberg.com — The Federal Reserve may have scope to keep interest rates at zero for longer than investors anticipate as inflation stays muted and a 2014 slowdown prolongs the labor-market recovery, the International Monetary Fund said. The IMF cut its U.S.
Jul 23, 2014

RT @BloombergFed: Fed may have scope for zero interest rate past mid-2015, IMF says, cutting U.S. growth forecast for this year bloom.bg/1qA3PMm

Jul 23, 2014

IMF sees a lot of "slack in the economy" in the US bloom.bg/1npJmpI

Boehner Squeezed by Home-State Exporters Over Ex-Im Bank

bloomberg.com — House Speaker John Boehner is getting pressure to reauthorize the U.S. Export-Import Bank from a lobby that's hard to ignore: manufacturers in and around his southwestern Ohio district that rely on the bank to finance overseas sales. About 200 Ohio companies have been urged to contact Boehner, and a General Electric Co.
Jul 23, 2014

Boehner Squeezed by Home-State Exporters Over Ex-Im Bank - Bloomberg News via @lauralitvan bloom.bg/1mClzyq

Jul 23, 2014

Boehner's business constituents want him to break with Tea Party and support Ex-Im Bank. bloom.bg/1mClzyq via @BloombergNews

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