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Google's Secret China Project Sparks Anger Among Workers – Bloomberg
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Bloomberg Google's Secret China Project Sparks Anger Among WorkersBloombergGoogle staff awoke on Wednesday to surprising news: Their company is working on a search app tailored, and censored, for China. The project, kept secret from all but select teams and leaders, sparked a furious internal debate. Yet the move couldn't …Google in China: Internet giant 'plans […]

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CBS Hires Ex-Prosecutor, SEC Chair to Probe CEO Allegations – Bloomberg
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Bloomberg CBS Hires Ex-Prosecutor, SEC Chair to Probe CEO AllegationsBloombergCBS Corp. hired two law firms to investigate sexual harassment allegations against Chief Executive Officer Leslie Moonves and formed an internal panel of board members to help with the probe. Former federal prosecutor Nancy Kestenbaum of Covington …CBS hires law firms to probe Les Moonves misconduct allegationsNew […]

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India's Central Bank Raises Interest Rate to Fight Inflation – Bloomberg
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Bloomberg India's Central Bank Raises Interest Rate to Fight InflationBloombergIndia's central bank raised its benchmark interest rate to the highest in two years as it stepped up efforts to curb inflation and stem capital outflows. Five of the six members of the monetary policy committee voted to raise the repurchase rate by 25 …RBI makes […]

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Bonds Edge Up After BOJ, China Data; Stocks Mixed: Markets Wrap – Bloomberg
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Bloomberg Bonds Edge Up After BOJ, China Data; Stocks Mixed: Markets WrapBloombergSovereign bonds edged higher across most markets as the Bank of Japan pledged to keep its ultra-loose monetary policy in place and after underwhelming data from China. Stocks were mixed as earnings season rumbled on. Treasuries advanced and most …Japan's rate decision lifts bonds, shares […]

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Qualcomm to Scrap NXP Deal as Deadline Passes Amid Trade Tension – Bloomberg
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Bloomberg Qualcomm to Scrap NXP Deal as Deadline Passes Amid Trade TensionBloombergQualcomm Inc. is set to scrap its $44 billion bid for rival chipmaker NXP Semiconductors NV after China failed to approve the industry's largest-ever before a final deadline. The deal may be the highest profile victim yet of the trade spat between …China's suffocation […]

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Trump Lines Up Powell as Fall Guy If Tax, Trade Policies Go Bust – Bloomberg
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Bloomberg Trump Lines Up Powell as Fall Guy If Tax, Trade Policies Go BustBloombergPresident Donald Trump looks to be lining up Federal Reserve Chairman Jerome Powell to be the fall guy if the president's trade and tax policies don't succeed. In a series of comments over the past two days that shook financial markets, Trump […]

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Comcast at a Crossroads as Global Ambitions Hinge on Sky Bid – Bloomberg
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Bloomberg Comcast at a Crossroads as Global Ambitions Hinge on Sky BidBloombergThe future of Comcast Corp., that quintessential American cable company, will be decided in London. Now that it has dropped its pursuit of 21st Century Fox Inc.'s Hollywood assets, the Philadelphia-based giant has turned its full attention across the …Disney-Fox: Post-Merger Executive Speculation Heats […]

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Mark Zuckerberg Tops Warren Buffett to Become the World's Third-Richest Person – Bloomberg
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Mark Zuckerberg Tops Warren Buffett to Become the World's Third-Richest PersonBloombergFacebook Inc. co-founder Mark Zuckerberg has overtaken Warren Buffett as the world's third-richest person, further solidifying technology as the most robust creator of wealth. Zuckerberg, who trails only Amazon.com Inc. founder Jeff Bezos and Microsoft …and more »

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Wells Fargo Fined by SEC Over 'Flipping' of Structured Products – Bloomberg
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Bloomberg Wells Fargo Fined by SEC Over 'Flipping' of Structured ProductsBloombergWells Fargo & Co. will pay $5.1 million to settle a U.S. regulator's claims that employees abused clients by persuading them to sell certain investments before maturity, generating large fees for the lender. Brokers with Wells Fargo Advisors, from …Wells Fargo fined by SEC for […]

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Walgreens Is What You Get When You Can't Put Amazon in the Dow – Bloomberg
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Bloomberg Walgreens Is What You Get When You Can't Put Amazon in the DowBloombergOn paper, Walgreens Boots Alliance Inc. is an underwhelming choice for inclusion in the world's most famous stock index. The shares are languishing, its industry keeps coming under threat, and it's half the size of the company it's replacing, General …Here's why […]

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History's Not on the Market's Side in a Trade War – Bloomberg
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Bloomberg History's Not on the Market's Side in a Trade WarBloombergThe first shots of a global trade war were fired on Friday as U.S. President Donald Trump announced a 25 percent levy on $50 billion of imports from China. The tariffs focus on “industrially significant technology,” and intend to hurt China for alleged …Why the […]

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