Most talked about Bloomberg News stories

OPEC Policy Ensures U.S. Shale Crash, Russia Oil Tycoon Says

bloomberg.com — OPEC policy on crude production will ensure a crash in the U.S. shale industry, a Russian oil tycoon said. The Organization of Petroleum Exporting Countries kept output targets unchanged at a meeting in Vienna today even after this year's slump in the oil price caused by surging supply from U.S shale fields.
Nov 27, 2014

RT @akhedery: OPEC Policy Ensures U.S. Shale Crash, Russian Tycoon Says - Bloomberg bloom.bg/1CkZgLB

Nov 27, 2014

RT @AmyJaffeenergy: Leonid, Russian production more likely to fall first before US shale Lots of $ in US, lots of $30 to $50 shales bloom.bg/1CkZgLB

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OPEC Leaves Output Ceiling Unchanged at 30 Million Barrels

bloomberg.com — OPEC left its oil-output target unchanged, resisting calls from Venezuela for action to halt this year's plunge in prices. The group maintained its collective ceiling of 30 million barrels a day, Ali Al-Naimi, Saudi Arabia's oil minister, said today after the 12-member producer group gathered for talks at its headquarters in Vienna.
Nov 27, 2014

"#OPEC has chosen to abdicate its role as a swing producer," analyst tells @BloombergNews. Says #Brent could hit $70. bloomberg.com/news/2014-11-2…

Nov 27, 2014

Bloomberg - OPEC Takes No Action to Ease Supply Glut as Oil Slumps bloom.bg/1Cl1t9F

Nov 27, 2014

RT @ScanlanDavid: Oil at $70.. good for Ontario. Alberta, not so much...OPEC Takes No Action to Ease Supply Glut bloom.bg/1Cl1t9F via @BloombergNews

Nov 27, 2014

RT @ScanlanDavid: Oil at $70.. good for Ontario. Alberta, not so much...OPEC Takes No Action to Ease Supply Glut bloom.bg/1Cl1t9F via @BloombergNews

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Google Feels Heat as Breakup Plan Backed by EU Lawmakers

bloomberg.com — Lawmakers added to Google Inc. (GOOGL)'s regulatory woes in the European Union after they voted for the EU to consider splitting up search engines. The European Parliament backed a resolution asking the European Commission -- which is investigating Google for possible antitrust violations -- to consider "unbundling search engines from other commercial services."
Nov 27, 2014

Google Breakup Backed as EU Parliament Piles on Pressure bloom.bg/1xKON40 - update with @ramontremosa @RCardosoEU @ccianet comments

Nov 27, 2014

RT @StephanieBodoni: Google Feels Heat as Breakup Plan Backed by EU Lawmakers bloom.bg/1xKON40 @aoifewhite101 in Brussels, Jonathan Stearns in Strasbourg

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Greeks Will Always Have Paris as Breakthrough Is Elusive

bloomberg.com — Representatives of the Greek government and its international creditors left Paris with little to show after failing to break a deadlock over Greece's future financing in talks that ran deep into the night.
Nov 27, 2014

Impasse, still. Greeks Will Always Have Paris as Breakthrough Is Elusive bloom.bg/1z11WrS via @BloombergNews

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Potato Chips Lead in Anything-But-Oil Canada Rally

bloomberg.com — A slide in crude prices that stalled the best year for Canadian stocks since 2009 is prompting traders to wager on different kinds of exports -- potato chips and computer software. The Standard & Poor's/TSX Composite Index (SPTSX) is rallying after plunging 11 percent from a record in August and is doing so without the resource stocks that make up a third of its roster.
Nov 27, 2014

RT @katiadmi: Pick the one that's leading the Canadian stock market: energy, gold, or potato chips. bloom.bg/1Ckp1eT by @ericlamTO

Nov 27, 2014

RT @jthorpe11: Who needs energy....Potato Chips Lead in Anything-But-Oil Canada Rally bloom.bg/1Ckp1eT via @BloombergNews

Nov 27, 2014

Who needs energy....Potato Chips Lead in Anything-But-Oil Canada Rally bloom.bg/1Ckp1eT via @BloombergNews

Draghi Pledges Open Mind on Asset Buying as Price Pressures Wane

bloomberg.com — Mario Draghi said the European Central Bank is open to buying a wide variety of assets for further stimulus as German and Spanish inflation data highlighted the struggle to revive the euro-area economy. If current measures aren't enough, the Governing Council is "unanimous in its commitment to use other unconventional instruments," the ECB president said at the University of Helsinki today.

Draghi Quest to Nail Down QE Consensus Starts With Asset Choice

bloomberg.com — For Mario Draghi to start quantitative easing, he still has to nail down what action to take, let alone if and when. With a newly drafted stimulus shopping list likely to include bonds issued by companies, European agencies and governments, the ECB president is corralling his colleagues on an asset-buying strategy.

Net Annual Migration to U.K. Soars to 260,000 in Blow to Cameron

bloomberg.com — Net migration to the U.K. surged by almost half in the 12 months to June, dealing a blow to Prime Minister David Cameron and potentially boosting the anti-immigration U.K. Independence Party. The number of long-term immigrants exceeded those leaving Britain by 260,000, "a statistically significant increase" from 182,000 a year earlier, the Office for National Statistics in London said in a report released in London today.

Uber Said Close to Raising Funding at Up to $40B Value

bloomberg.com — Uber Technologies Inc. is close to raising a round of financing that would value the mobile car-booking company at $35 billion to $40 billion, according to people with knowledge of the situation. T. Rowe Price Group Inc.
Nov 26, 2014

That's more than 2x from 5 mon ago. Madness. At $40B, Uber Would Eclipse $TWTR and $HTZ bloom.bg/1vLcIVU via @BloombergNews

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Ken Lewis Selling His Island Getaway at a Loss

bloomberg.com — Kenneth D. Lewis, who retired as Bank of America Corp. (BAC) 's chief executive officer after the housing crisis almost toppled the firm, is selling a South Carolina island home for less than it cost 12 years ago.
Nov 27, 2014

@maxabelson: I asked ex-CEO Ken Lewis about losing money on his plantation house bloom.bg/1CkwkTM Holiday reading!”

Nov 27, 2014

I asked ex-CEO Ken Lewis about losing money on his plantation house bloom.bg/1CkwkTM Holiday reading!

Exactly 2 New Yorkers Voted for Taylor Swift for Governor

bloomberg.com — That's one more than the Pope, Francis Underwood, and Derek Jeter.
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Pollution to Follow as Gas Replaces Hydropower: Corporate Brazil

bloomberg.com — Brazil, the world's cleanest energy user, is getting dirtier. The government is seeking to award contracts in an auction tomorrow for natural gas- and coal-fueled power plants, reversing a drive that previously favored renewable-energy projects.

Abseiling Attack Dogs Deployed to Save South Africa’s Rhinos

bloomberg.com — Tap for Slideshow Strapped into a black nylon harness, Venom abseils from a helicopter 100 feet to a bush clearing below. The two-year-old Belgian Shepherd's master Marius slides down in tandem and unclips his ward. Then the dog races across the grass and tears down a man wearing a felt-stuffed bite suit.
Nov 27, 2014

S. Africa combating rhino poachers with attack dogs rappelling out of helicopters (or abseiling, if you prefer) bloomberg.com/news/2014-11-2…

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Hohn’s Wife to Receive $530 Million in London Divorce Case

bloomberg.com — Jamie Cooper-Hohn, the ex-wife of Children's Investment Fund Management UK LLP founder Chris Hohn, will receive a $530 million share of the couple's marital estate, her lawyer said at a court in London today. The award is less than the 50 percent share of the couple's $1.3 billion in assets that Cooper-Hohn had been seeking.

Australian Test Cricketer Phillip Hughes Dies From Head Injury

bloomberg.com — Australian test cricket batsman Phillip Hughes has died from head injuries sustained when he was hit by a ball during a match at the Sydney Cricket Ground. "We are extremely sad to announce that Phillip Hughes has passed away at the age of 25," Cricket Australia said in a statement.
Nov 27, 2014

Australian Test Cricketer Phil Hughes Dies From Head Injury - Bloomberg ift.tt/1uLI5ZA

Nov 27, 2014

Australian Test Cricketer Phil Hughes Dies From Head Injury - Bloomberg ift.tt/1xVENJ4

Nov 27, 2014

Bloomberg - Australian Cricketer Phillip Hughes Dies From Head Injury at 25 bloom.bg/1z0y1QG

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Osborne Seen Gambling on Austerity as U.K. Outlook Dims

bloomberg.com — Chancellor of the Exchequer George Osborne goes into his end-of-year economic statement gambling his commitment to austerity will earn him credibility with voters. With tax receipts falling short of projections and the embattled euro-area economy dimming U.K. growth prospects, Osborne has little scope for sweeteners in his Dec.
Nov 27, 2014

Osborne gambling on austerity as U.K. outlook dims bloom.bg/1CjBXSk

Nov 27, 2014

Osborne senn gambling on austerity as he goes into autumn statement bloom.bg/1CjBXSk via @BloombergNews

Nov 27, 2014

RT @SvenjaODonnell: Autumn statement: few giveaways likely Osborne Seen Gambling on Austerity as U.K. Outlook Dims -bloom.bg/1CjBXSk

Nov 27, 2014

Autumn statement: few giveaways likely Osborne Seen Gambling on Austerity as U.K. Outlook Dims -bloom.bg/1CjBXSk

Las Vegas Strip Baccarat Revenue Falls 36% Echoing Macau Decline

bloomberg.com — Baccarat winnings on the Las Vegas Strip fell 36 percent to $97 million in October, echoing declines in Macau where a crackdown on corruption in China has crimped high-end play. Casino revenue overall on the Strip fell 5.6 percent to $520 million last month with baccarat accounting for the largest share of the decline, according to data released today by the Nevada Gaming Control Board.
Nov 27, 2014

trade war by other means... Chinese VIPs Flee Vegas Baccarat Amid Crackdown at Home bloom.bg/15AfIZG

Nov 26, 2014

RT @zijing_wu: There's a new casino called Shanghai-HK Stock Connect #China VIPs Flee Vegas Amid Crackdown at Home bloom.bg/15AfIZG @BloombergNews

Nov 26, 2014

There's a new casino called Shanghai-HK Stock Connect #China VIPs Flee Vegas Amid Crackdown at Home bloom.bg/15AfIZG @BloombergNews

Nov 26, 2014

RT @Hengshao90: Anti-corruption hits not just Macau: Drop in spending by Chinese VIPs at casinos spilled over to Las Vegas bloom.bg/15AfIZG

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The Official Caretaker of Pardoned Turkeys Knows All the Poultry Clichés

bloomberg.com — Keith McMillan is a plainspoken, scruffy-faced, 56-year-old horticulturalist who wears a "Tippy's Taco House" T-shirt to work, prefers the great outdoors to marble hallways and by his own estimation follows politics "less and less every year."
Nov 26, 2014

RT @bpolitics: Meet the man who will take care of 'Cheese,' the turkey Obama pardoned today bloomberg.com/politics/artic…

Nov 26, 2014

RT @mikenizza: Meet the Man Who Will Take Care of 'Cheese,' the Turkey Obama Pardoned Today bloomberg.com/politics/artic…

Nov 26, 2014

Meet the Man Who Will Take Care of 'Cheese,' the Turkey Obama Pardoned Today bloomberg.com/politics/artic…

Nov 26, 2014

Meet the chief caretaker for pardoned presidential turkeys. Meet this man. bloomberg.com/politics/artic… via @bpolitics

Nov 26, 2014

RT @EmmaVAngerer: Where do the pardoned turkeys go? Read @margarettalev's darling Q&A with the official turkey caretaker http://t.co/w3K1IF…

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China Mulls Building Naval Base in Namibia, Namibian Times Says

bloomberg.com — China is discussing the construction of a base over the next 10 years in Namibia, southwest Africa, for the People's Liberation Army Navy, the Namibian Times reported. The base in Walvis Bay will be one of 18 that will be established in various regions, the paper reported Nov.
Nov 27, 2014

RT @ejcs: China discussing building a naval base at Walvis Bay, Namibia, for the People's Liberation Army - report bloom.bg/1xKeYrA

Nov 27, 2014

China discussing building a naval base at Walvis Bay, Namibia, for the People's Liberation Army - report bloom.bg/1xKeYrA