Most talked about Bloomberg News stories

Zillow Said to Be Seeking to Buy Rival Real-Estate Site Trulia

bloomberg.com — Zillow Inc. is seeking to acquire rival Trulia Inc., people with knowledge of the matter said, in a move to combine the two most-visited U.S. real estate websites. Zillow could value Trulia at as much as $2 billion in a purchase, and an agreement may be announced as soon as next week, said one of the people, who asked not to be identified because the information is private.
Jul 24, 2014

RT @BloombergDeals: New details on Zillow-Trulia: $Z may pay about two-thirds of purchase price with its own stock bloom.bg/1z8FLkj

Jul 24, 2014

RT @BloombergDeals: New details on Zillow-Trulia: $Z may pay about two-thirds of purchase price with its own stock bloom.bg/1z8FLkj

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Facebook Gain Makes Zuckerberg Wealthier Than Google Guys

bloomberg.com — Mark Zuckerberg is now richer than Google Inc. co-founders Sergey Brin and Larry Page. The Facebook Inc. chairman added $1.6 billion to his fortune today after the world's largest social network closed at a record. The surge elevated the 30-year-old's net worth to $33.3 billion, moving him past Brin, 40, and Page, 41, as well as Amazon.com Inc.
Jul 24, 2014

Zuck moved substantially up the billionaire league table today. bloomberg.com/news/2014-07-2…

Jul 24, 2014

Facebook's stock gain means Zuckerberg is now wealthier than Google's co-founders bloom.bg/1reAQK6 via @DamscoDave

Jul 24, 2014

Facebook’s Zuckerberg is “going to be the richest person on the planet bloom.bg/1ph9n80

Jul 24, 2014

Larry, Sergey take a backseat to Zuck -- at least by one measure. bloom.bg/1reAQK6

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Amazon Loss Widens as Bezos Keeps Spending to Build New Services

bloomberg.com — Amazon.com Inc. reported its biggest quarterly loss since 2012 as Chief Executive Officer Jeff Bezos builds more distribution warehouses, adds grocery deliveries and develops new smartphones and tablets. The world's largest online retailer posted a second-quarter loss of $126 million, wider than the loss of $7 million a year earlier, even as revenue climbed 23 percent to $19.3 billion, matching analysts' average estimates.
Jul 24, 2014

RT @satariano: "As long as there is money to pour into the business, they will be pouring money into the business." bloom.bg/1relHbI (@smulpuru)

Jul 24, 2014

"As long as there is money to pour into the business, they will be pouring money into the business." bloom.bg/1relHbI (@smulpuru)

Jul 24, 2014

RT @BloombergNews: Amazon spent $19.4 billion to generate $19.3 billion of revenue last quarter: bloom.bg/1relHbI

Jul 24, 2014

"If you can spend down all your profit and nobody is going to penalize you for it, why show a profit?" $AMZN bloom.bg/1relHbI

Jul 24, 2014

on $AMZN loss widening: "as long as there's $ to pour into the business, they will be pouring $ into the business" bloom.bg/1relHbI

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Air Algeria-Operated Plane Disappears en Route to Algiers

bloomberg.com — An Air Algeria-operated MD83 carrying 116 passengers and crew disappeared en route from Burkina Faso in Africa to Algiers, the aircraft's owner said. The plane, which took off in the west African country shortly after midnight, was supposed to land at 05:10 a.m. local time, Swiftair, a charter company based in Spain, said in a statement today.
Jul 24, 2014

Algerian jet #AH5017 crashes in North Africa in the week's third aviation incident bloom.bg/1ui11Fi via @BloombergNews

Jul 24, 2014

Air Algerie-Operated Plane Disappears en Route to Algiers bloom.bg/1ui11Fi

Jul 24, 2014

RT @BloombergNews: Air Algerie flight AH5017 crashed about 50 miles outside Gossi, Mali, according to Burkinabe authorities: bloom.bg/1ui11Fi

Jul 24, 2014

RT @BloombergNews: Air Algerie flight AH5017 crashed about 50 miles outside Gossi, Mali, according to Burkinabe authorities: bloom.bg/1ui11Fi

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Don’t Tell Anybody About This Story on HFT Power Jump Trading

bloomberg.com — Far from Wall Street in a Chicago neighborhood once synonymous with urban blight, two futures industry veterans are using secrecy and speed to mint fortunes. Their firm, Jump Trading LLC, was all but invisible until it was among six companies subpoenaed in April by New York prosecutors.
Jul 24, 2014

RT @LynneMarek: Want to know more about the secretive Chicago hi-speed trading firm Jump Trading? Here you go via @BloombergNews bit.ly/1rydbpU

Jul 24, 2014

Want to know more about the secretive Chicago hi-speed trading firm Jump Trading? Here you go via @BloombergNews bit.ly/1rydbpU

Jul 24, 2014

RT @mdc: loving every word of Saijel & @mattleising's Jump story: "Humility is innate in Gurinas, according to his mother." http://t.co/bMZ…

Jul 24, 2014

“At Jump Trading, what we do ... it’s not exactly God’s work.”- Fantastic read for those into #HFT bloom.bg/1pdIVPe via @BloombergNews

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Manhattan’s Russian Tea Room Bustles as Crisis Put Aside

bloomberg.com — As Karen Peterson posed for a picture beside a set of matryoshka dolls in the Russian Tea Room, the midtown-Manhattan restaurant founded by anti-Bolshevik immigrants in 1927, she was in no mood to talk about Vladimir Putin. "I love Russian food, not Russian politics," said Peterson, a New Yorker who was dining with a friend.
Jul 24, 2014

Manhattan’s Russian Tea Room Bustles as Crisis Put Aside bloom.bg/1sUFkcF via @BloombergNews

Jul 24, 2014

MT @ksengal: This is such a fun read: #Manhattan’s #Russian Tea Room Bustles as Crisis Put Aside bloom.bg/UpnGyW

Jul 24, 2014

Fears of sanctions and Canadian caviar in Brighton Beach via@hpavliva bloom.bg/1sXCP9D

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Record Student-Loan Debt Prompts Treasury Push to Stem Defaults

bloomberg.com — The U.S. Treasury, which finances more than 90 percent of new student loans, is exploring ways to make repayment more affordable as defaults by almost 7 million Americans and other strapped borrowers restrain economic growth. Leading the effort is Deputy Secretary Sarah Bloom Raskin, who became the department's No.
Jul 24, 2014

RT @mccarthyryanj: It's really beyond time for urgency on getting more indebted students on income-based repayment plans bloom.bg/UvWgXX

Jul 24, 2014

It's really beyond time for urgency on getting more indebted students on income-based repayment plans bloom.bg/UvWgXX

Jul 24, 2014

Record Student-Loan Debt Prompts Treasury Push to Stem Defaults bloom.bg/1uhdw3O via @BloombergNews

Jul 24, 2014

RT @BloombergNews: Treasury's No. 2 takes on student loans, 90 percent of which her office finances: bloom.bg/1uhdw3O pic.twitter.com/nP33l5mDhy

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Corinthian Spent $320,000 on Lobbying Amid Demise

bloomberg.com — Corinthian Colleges Inc. (COCO) lobbied for its survival until the end. The for-profit company, which agreed to shut or sell its 107 campuses after the government limited its access to student aid, spent $320,000 on lobbying in the quarter ended June 30, according to public disclosures.
Jul 24, 2014

Troubled Corinthian Outspent Harvard and University of California on Lobbying: bloomberg.com/news/2014-07-2…

Jul 24, 2014

RT @JanetLorin: For-profit operator Corinthian outspent Harvard on lobbying as It collapsed bloom.bg/1uhdetV

Jul 24, 2014

For-profit operator Corinthian outspent Harvard on lobbying as It collapsed bloom.bg/1uhdetV

Jul 24, 2014

RT @BloombergNews: Corinthian Colleges lobbied for its survival until the very end: bloom.bg/1uhdetV

Jul 24, 2014

RT @BloombergNews: Corinthian Colleges lobbied for its survival until the very end: bloom.bg/1uhdetV

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Time Warner Dares Murdoch to Bid More Than He Can Pay

bloomberg.com — Time Warner Inc. (TWX)'s board is daring Rupert Murdoch to make an offer he can't afford. In rejecting an $85-per-share takeover bid by Murdoch's 21st Century Fox Inc. last week, Time Warner said its own growth plan "is superior to any proposal that 21st Century Fox is in a position to offer."

Putin Said to Press Ukraine Gambit After Malaysia Air Hit

bloomberg.com — President Vladimir Putin will resist mounting pressure to abandon pro-Russian rebels immediately while seeking to convince the world that Ukraine, not the insurgents, shot down Malaysian Air (MAS) Flight MH17, according to three people familiar with Kremlin discussions. Putin and his inner circle are nervous that the intensifying standoff with the U.S.
Jul 24, 2014

RT @nicolegaouette: Kremlin signals Putin is going to double down after Malaysia Air shootdown --> bloom.bg/1z9bQIQ via @BloombergNews

Jul 24, 2014

RT @nicolegaouette: Kremlin signals Putin is going to double down after Malaysia Air shootdown --> bloom.bg/1z9bQIQ via @BloombergNews

Jul 24, 2014

Kremlin signals Putin is going to double down after Malaysia Air shootdown --> bloom.bg/1z9bQIQ via @BloombergNews

Watch: Drone Shoots Costa Concordia's Final Journey

bloomberg.com — Drone video shows the final voyage of the Costa Concordia as it heads towards a port near Genoa to be salvaged for scrap metal. Video courtesy of La Nazione. (Source: Bloomberg)

Ex-RBS Distressed-Debt Trader Weiss Said to Join Candlewood Fund

bloomberg.com — Jon Weiss, the former global head of a special situations group at Royal Bank of Scotland Group Plc, is joining hedge-fund firm Candlewood Investment Group LP. Weiss will join the $2.9 billion credit firm as a managing partner and money manager later this year, according to a person familiar with the matter who asked not to be identified because the information is private.
Jul 24, 2014

RT @Kelly_Bit: Hedge funds continue to pick off talent from Wall Street as RBS distressed-debt trader Jon Weiss joins Candlewood: bloom.bg/1AcwVDy

Jul 24, 2014

Hedge funds continue to pick off talent from Wall Street as RBS distressed-debt trader Jon Weiss joins Candlewood: bloom.bg/1AcwVDy

Jul 24, 2014

Another edition of Wall Street debt trader going to hedge fund. Latest: ex-RBS distressed trader Weiss to Candlewood bloom.bg/1AcwVDy

Sales of U.S. New Homes Fell in June After Record May Revision

bloomberg.com — Fewer new U.S. homes were sold in June than forecast and May data showed the biggest downward revision on record, painting a picture of a housing market that is struggling to gain traction. Sales of newly built homes declined 8.1 percent to a 406,000 annualized pace, the fewest since March and less than any economist surveyed by Bloomberg forecast, Commerce Department figures showed today in Washington.

McGraw Hill Falls Most in Three Months Following Wells Notice

bloomberg.com — McGraw Hill Financial Inc fell the most in more than three months after the owner of the world's largest credit rater received a notice from the U.S. Securities and Exchange Commission that the regulator may seek an enforcement action tied to rankings on commercial-mortgage backed securities.
Jul 24, 2014

RT @BloombergNews: McGraw Hill shares take a hit after revealing SEC notice to S&P: bloom.bg/1uiLViW

Jul 24, 2014

RT @BloombergNews: McGraw Hill shares take a hit after revealing SEC notice: bloom.bg/1uiLViW

Jul 24, 2014

RT @BloombergNews: McGraw Hill shares take a hit after revealing SEC notice: bloom.bg/1uiLViW

Oyster Bay Plans $170 Million Sale as Ratings Slide: Muni Credit

bloomberg.com — Long Island's Oyster Bay, whose household income is almost double the New York median, had to borrow $30 million this month to meet payroll. A downgrade to two steps above junk followed, and the rating may go lower. The former home of U.S.
Jul 24, 2014

RT @MichelleKaske: Long Island's Oyster Bay is nearing junk as cash woes continue amid a Fashion Institute sapt bloom.bg/1rcsCC2 by @FKlopott

Jul 24, 2014

Long Island's Oyster Bay is nearing junk as cash woes continue amid a Fashion Institute sapt bloom.bg/1rcsCC2 by @FKlopott

Jul 24, 2014

1 of the richest towns on L.I. faces monstrous debt bc too many kids are going to the Fashion Institute of Technology bloomberg.com/news/2014-07-2…

Jul 24, 2014

RT @BloombergNews: New York's affluent Oyster Bay had to borrow $30 million this month to meet payroll: bloom.bg/1rcsCC2

Jul 24, 2014

RT @romyvarghese: NY's Oyster Bay needs a lot of clams. bloom.bg/1sXRnpD Eight straight years of deficits.

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