Most talked about Bloomberg News stories

Meredith Whitney’s Fund Said to Drop 11% as Office Put on Market

bloomberg.com — Meredith Whitney, who started a hedge fund after becoming one of Wall Street's most famous analysts, has found it harder to bet on stocks than scrutinize them. Her fund is down 11 percent this year through last month, its main investor has demanded money back, top executives have left and her full-floor Madison Avenue office is now on the market.
Dec 22, 2014

Anyone have guesses about how, specifically, Meredith Whitney went long "America's Heartland" bloomberg.com/news/2014-12-2… pic.twitter.com/oSuHXTb2L9

Dec 22, 2014

Star analyst Meredith Whitney, who claims to have called the 08 meltdown, losing money & putting office on the market bloomberg.com/news/2014-12-2…

Dec 22, 2014

Meredith Whitney's hedge fund has put its full-floor offices on the market. Listing notes "furniture available." bloom.bg/13ViIPZ

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North Korea Undergoing Internet Outage, Network Researcher Says

bloomberg.com — North Korea's Internet has been hit with outages and is offline today, according to a network-monitoring company, days after the U.S. government accused the country of hacking into Sony Corp.'s files.
Dec 22, 2014

Internet Outage in North Korea, Network Researcher Says bloom.bg/1wWLWZF via @business

Dec 22, 2014

North Korea has lost access to the Internet: "totally offline" - bloom.bg/13rAEAy

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Medicare Patient Skips Mortgage to Cope With $20,000 Bill

bloomberg.com — Each month, William Piorun has to choose between paying his mortgage or buying medicine that keeps his pituitary-gland tumor in check. This month and last, the 65-year-old Medicare patient paid the mortgage, and stopped taking a drug that his doctor says he needs to ward off the risk of premature death.
Dec 22, 2014

Even with Medicare you can face $1,000 a month in drug costs: by @robertlangreth bloom.bg/1GMwlil via @business

Dec 22, 2014

RT @aawayne: More than 300,000 Americans now take Rx drugs that cost $50,000+ per year. By @RobertLangreth, who is busy today. bloomberg.com/news/2014-12-2…

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Coca-Cola Disconnects Voice Mail at Headquarters

bloomberg.com — Forget about leaving a voice mail at Coca-Cola Co.'s (KO) Atlanta headquarters. Send a text instead. Office voice mail at the world's largest soft-drink maker was shut down "to simplify the way we work and increase productivity," according to an internal memo from Chief Information Officer Ed Steinike.
Dec 22, 2014

RT @LegatumInst: Coca-Cola has switched off voicemail. Does that mean we can all do the same? ow.ly/GixE3 pic.twitter.com/Omi20XpVle

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Dov Charney: I’m Down to My Last $100K

bloomberg.com — Your next video will start in Dec. 22 (Bloomberg) -- Bloomberg's Trish Regan reports on her conversation with former American Apparel CEO Dov Charney in the wake of his ouster from the company. Regan speaks on "Market Makers." (Source: Bloomberg) This text has been automatically generated. It may not be 100% accurate.
Dec 22, 2014

RT @joshuatopolsky: Dov Charney is broke and living at a friend's apartment in LES and also wants to BUY BACK AMERICAN APPAREL bloomberg.com/video/dov-char…

Dec 22, 2014

RT @joshuatopolsky: Dov Charney is broke and living at a friend's apartment in LES and also wants to BUY BACK AMERICAN APPAREL bloomberg.com/video/dov-char…

Dec 22, 2014

Dov Charney is broke and living at a friend's apartment in LES and also wants to BUY BACK AMERICAN APPAREL bloomberg.com/video/dov-char…

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Sales of U.S. Existing Homes Fell More Than Forecast in November

bloomberg.com — Purchases of previously owned U.S. homes dropped more than forecast in November as residential real estate struggles to sustain its recovery even as borrowing costs remain low. Sales fell 6.1 percent to a 4.93 million annual rate last month, the weakest reading since May, from 5.25 million pace in October, figures from the National Association of Realtors showed today in Washington.
Dec 22, 2014

RT @toristilwell: Existing home sales fall 6.1% in November, more than forecast and a "puzzle," according to NAR bloom.bg/1wW4MQz

Dec 22, 2014

Disappointing numbers.......Sales of U.S. Existing Homes Decrease More Than Forecast bloom.bg/1wW4MQz via @business

Dec 22, 2014

Sales of U.S. Existing Homes Decrease More Than Forecast bloom.bg/1wW4MQz via @business

Dec 22, 2014

Existinghome sales were supposed 2 fall in Nov but not this fast.6.1% drop leads 2 weakest #s since May. #realestate bloom.bg/1wW4MQz

Dec 22, 2014

Existing home sales fall 6.1% in November, more than forecast and a "puzzle," according to NAR bloom.bg/1wW4MQz

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Ingersoll-Rand Cleared for Federal Contracts Despite Inversion

bloomberg.com — In August, President Barack Obama pledged to use the powers of his office to discourage the corporate tax-avoidance technique known as inversion, in which U.S. companies claim foreign tax addresses. Four months earlier, according to a previously unreported legal document, his Department of Homeland Security did just the opposite.
Dec 22, 2014

RT @RichardRubinDC: Step 1: Company inverts Step 2: US law barring inverted companies from contracts Step 3: Company gets contracts ?? bloom.bg/1rcTKph

Dec 22, 2014

Congress wrote an inversions ban written to target a firm that just inverted. So naturally, DHS rules they're exempt bloomberg.com/news/2014-12-2…

Dec 22, 2014

.@DHSgov rules the company that helped inspire inversions contract bans ain't inverted after all... bloomberg.com/news/2014-12-2…

Dec 22, 2014

RT @RichardRubinDC: How is an inverted company exempt from a ban on contracts to inverted companies? DHS won't say. cc: @didnotcomment bloom.bg/1rcTKph

Dec 22, 2014

How is an inverted company exempt from a ban on contracts to inverted companies? DHS won't say. cc: @didnotcomment bloom.bg/1rcTKph

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Alstom to Pay Record $772 Million in U.S. Bribery Settlement

bloomberg.com — Alstom SA pleaded guilty and agreed to pay a record $772 million to end a U.S. Justice Department investigation into bribes paid to win power-plant contracts in Indonesia and other countries. The Justice Department announced the settlement today.
Dec 22, 2014

Alstom’s corruption scheme was astounding in its breadth, it’s brazenness and its worldwide consequences.” bloom.bg/1wepciv

Dec 22, 2014

“Alstom’s corruption scheme was sustained over more than a decade and across several continents." bloom.bg/1wepciv

Dec 22, 2014

French Multinational Alstom to Pay $772 Million in U.S. Bribery Settlement bloom.bg/1wepciv

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American Apparel Board Confirms It Received Takeover Interest

bloomberg.com — American Apparel Inc. (APP) 's board said a buyer has expressed interest in acquiring the company for $1.30 to $1.40 a share, confirming reports that drove up the stock more than 50 percent last week. The company also said that co-Chairmen Allan Mayer and David Danziger have stepped down from that role.
Dec 22, 2014

RT @philwahba: American Apparel Confirms It Received Takeover Interest bloom.bg/1wBEIu0 @business ex-CEO Charney down to his last $100K? poor dear

Dec 22, 2014

American Apparel Confirms It Received Takeover Interest bloom.bg/1wBEIu0 @business ex-CEO Charney down to his last $100K? poor dear

Dec 22, 2014

.@americanapparel founder Dov Charney says he's down to his last $100k as he tries to return to chain bloom.bg/1wBEIu0 $APP

Dec 22, 2014

RT @SFNick: American Apparel, which had no women on its board before August, will soon have a female CEO and a female chairman. bloomberg.com/news/2014-12-2…

Dec 22, 2014

American Apparel, which had no women on its board before August, will soon have a female CEO and a female chairman. bloomberg.com/news/2014-12-2…

Why Cops and Republicans Are Blaming #BlackLivesMatter Protests for a Double Murder

bloomberg.com — On Saturday, a man with a lengthy arrest history allegedly shot his ex-girlfriend, used her phone to Instagram threats against police-"I'm putting wings on pigs today"- then carried out the murders of two New York police officers. He tagged his picture with the names of Michael Brown and Eric Garner, two black men killed this year in encounters with the police.

A Cuba Reality Check, From Golf Course to Myanmar Towers

bloomberg.com — For companies seeking Miami attorney Pedro Freyre's advice on how to exploit President Barack Obama 's opening to Cuba, two stories may serve as cautionary tales. One concerns an 18-hole golf course that took a Canadian designer eight years to build near the island's famed Varadero beaches.
Dec 22, 2014

Cuba reality check: can you really do business in a country where it took 8 years to build an 18-hole golf course? bloom.bg/1GMwnGU

Dec 22, 2014

RT @GailDeGeorge: Lots of opportunities and warnings: A Cuba Reality Check, From Golf Course to Myanmar Towers bloom.bg/1GMwnGU pic.twitter.com/glx5Zol1R0

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China Offers Russia Help With Suggestion of Wider Currency Swap

bloomberg.com — Two Chinese ministers offered support for Russia as the latter seeks to shore up support for the ruble without depleting its foreign-exchange reserves. China will provide help if needed and is confident Russia can overcome its economic difficulties, Foreign Minister Wang Yi was cited as saying in Bangkok in a Dec.
Dec 22, 2014

Two Chinese ministers offered support for Russia as Putin seeks to shore up ruble without drianing forex reserves: bloom.bg/1sOYxsx

Dec 22, 2014

Bloomberg - China Offers Russia Help With Currency Swap Suggestion bloom.bg/1sOYxsx

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Oil Crash Wipes $11.7 Billion From Buyout Firms’ Holdings

bloomberg.com — Oil's plunge makes energy a great investment for the coming years, according to Blackstone Group LP (BX)'s Stephen Schwarzman and Carlyle (CG) Group LP's David Rubenstein. For private equity firms, it's also been painful.
Dec 22, 2014

“This is a battle of endurance:” oil crash wipes $11.7bln from buyout firms’ holdings bloom.bg/1GMwlif @devinbanerjee @davidcareynews

Dec 22, 2014

Oil Crash Wipes $11.7 Billion From private Equity Holdings - Bloomberg via @business bloom.bg/1GMwlif

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The 'I Can't Breathe' Profiteers

bloomberg.com — "I Can't Breathe" has officially entered the American spin-cycle of Internet meme, online backlash, and real-world profit. A 57-year-old Illinois woman has applied for a trademark on Eric Garner's dying words, for use on clothing-"namely hoodies, t-shirts for men, women, boys, girls and infants," according to a trademark petition posted by the Smoking Gun website.
Dec 22, 2014

RT @llerer: RT @bykowicz: The 'I Can't Breathe' Profiteers @llerer notes there's a super-PAC and trademark petition. bloomberg.com/politics/artic…

Dec 22, 2014

RT @bykowicz: The 'I Can't Breathe' Profiteers @llerer notes there's a super-PAC and trademark petition. bloomberg.com/politics/artic…

Dec 22, 2014

RT @bykowicz: The 'I Can't Breathe' Profiteers @llerer notes there's a super-PAC and trademark petition. bloomberg.com/politics/artic… via @bpolitics

Dec 22, 2014

RT @bykowicz: The 'I Can't Breathe' Profiteers @llerer notes there's a super-PAC and trademark petition. bloomberg.com/politics/artic… via @bpolitics

Dec 22, 2014

The 'I Can't Breathe' Profiteers @llerer notes there's a super-PAC and trademark petition. bloomberg.com/politics/artic… via @bpolitics

The ‘Queen of Cyberporn’ and Her Town’s Industry of Abuse

bloomberg.com — Tap for Slideshow Along the narrow roads leading into the Filipino village of Ibabao, billboards highlight traditional crafts such as baking cassava cakes, rope making, and sea-shell jewelry. There's no mention of a less salubrious trade that has swept the area in recent years: child porn.
Dec 22, 2014

"Family ties are strong in the Philippines, but that doesn’t mean they are healthy.”bloom.bg/1t25lbV Kids tapped for cyberporn.

Dec 22, 2014

The ‘Queen of Cyberporn’ and Her Town’s Industry of Abuse - Bloomberg via @business bloom.bg/1wURqnv

Dec 22, 2014

The ‘Queen of Cyberporn’ and Her Town’s Industry of Abuse bloom.bg/1wURqnv via @business

Dec 22, 2014

RT @rocks_david: “When money flows easily online, there are new ways to exploit children.” Ibabao is Exhibit A. bloom.bg/1wURqnv pic.twitter.com/hWurdYlHM5

Dec 22, 2014

“When money flows easily online, there are new ways to exploit children.” Ibabao is Exhibit A. bloom.bg/1wURqnv pic.twitter.com/hWurdYlHM5

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UPS Turns Parking Lots Into Sorting Centers to Add Speed

bloomberg.com — Outside a brick-and-mortar sorting facility in suburban Atlanta, UPS has built its own Christmas village. It's functional, if not festive: the company welded together aluminum segments and placed them atop a poured concrete floor to create a makeshift package-sorting facility in an employee parking lot.
Dec 22, 2014

UPS around Xmas remind me of synagogues around the high holidays. Once-a-year expansions bloomberg.com/news/2014-12-2…

Dec 22, 2014

RT @business: Thousands of people got packages late last Christmas. Here's how UPS plans to get you your gifts on time this year bloom.bg/1zNMfpn

Dec 22, 2014

RT @business: Thousands of people got packages late last Christmas. Here's how UPS plans to get you your gifts on time this year bloom.bg/1zNMfpn

Comerica Managing U.S. Treasury’s ‘myRA’ Retirement Program

bloomberg.com — Comerica Inc. (CMA) was picked to help manage a retirement-savings program President Barack Obama announced earlier this year in an effort to help Americans who don't have 401(k) plans. The Dallas-based financial services company is custodian for the Treasury Department's "myRA program" -- short for "my retirement account."
Dec 22, 2014

Comerica financial partner in U.S. Treasury’s ‘myRA’: bloom.bg/1Azoti9

Dec 22, 2014

RT @RichardRubinDC: Private employers? Number of participants? Real start date? Nope. Don't know any of that about the MyRA program: bloom.bg/1v9dEgf

Dec 22, 2014

Private employers? Number of participants? Real start date? Nope. Don't know any of that about the MyRA program: bloom.bg/1v9dEgf

Dec 22, 2014

We know 1 thing about the @USTreasury MyRA program Obama touted in State of the Union. Comerica is managing accounts: bloom.bg/1v9dEgf

Tale of Two Car Washes Shows Brazil Poor Hurt in Drought: Cities

bloomberg.com — Tap for Slideshow There are days when Izilda Aparecida is lucky to get a drink out of the tap. Running a car wash? She had to shutter her small business this month until her water service returned.
Dec 22, 2014

Our story on disparity in Sao Paulo water shortage amid worst drought in 80 yrs bloom.bg/1xDPkKy @vanessadezem

Dec 22, 2014

What water shortage? RT: Tale of Two Car Washes Shows Brazil Poor Hurt in Drought: Cities bloom.bg/1wUKhnf via @BlakeSchmidt

Dec 22, 2014

scary thought: “Water is going to become a luxury item, a status symbol to be flaunted.” bloomberg.com/news/2014-12-2…

Dec 22, 2014

Come visit São Paulo's Tietê River—churning "black stain" of sewage and pollutants, foaming w thousands of dead fish bloomberg.com/news/2014-12-2…

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Junk Bond Traders’ Hiring by Deutsche Bank Shows Need for Humans

bloomberg.com — Machines are having a hard time infiltrating junk-bond trading like they have the Treasury market. That means banks have to keep teams of human traders to remain relevant in this lucrative market. Deutsche Bank AG (DBK) has spent a year rebuilding its U.S.