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The Washington Post and Bloomberg News are teaming up in a new partnership that will distribute their political and financial coverage to a broader audience.
Shares of American International Group Inc. skyrocketed Thursday after the company's new CEO was quoted by Bloomberg News as saying the company will repay its debts to the government.
Reporters from Congressional Quarterly and Bloomberg News will serve as the newest members of the congressional Standing Committee of Correspondents.
Madoff Employees Helped Dupe Investors, U.S. Prosecutors Say March 11 (Bloomberg) -- U.S. prosecutors shed new light yesterday on how they believe Bernard Madoff's subordinates helped him operate a $64.8 billion Ponzi scheme, without saying whether those employees knew they were defrauding investors.
U.S. Says Mexico Drug Violence Poses Growing Threat to Tourists Feb. 21 (Bloomberg) -- Drug-related violence and gun battles have increased in Mexico recently, the State Department warned in an updated alert for U.S. citizens traveling to and living in the neighboring country.
Nobel Winners Expect Weak Growth; Goldman Sees Recession Risk Nobel Prize-winning economists including Myron Scholes and Joseph Stiglitz predicted the credit squeeze will inflict more pain on global growth and Goldman Sachs Group Inc. projected half of the world economy faces recession.
US Stocks Retreat on Inflation Concern, Housing Data, Losses U.S. stocks tumbled for a second day after wholesale prices climbed twice as fast as economists projected, housing starts fell and concern grew that the nation's biggest financial firms will post more losses.
U.S. Producer Prices Surge More Than Forecast in July Prices paid to U.S. producers in July rose twice as much as economists projected and increased the most in 27 years from a year earlier, as companies faced escalating energy costs.
Woody's Sexy Threesome; Stowaway Ants Fly to MoonWoody Allen directed ``Everything You Always Wanted to Know About Sex But Were Afraid to Ask,'' yet he's never made a sexier film than ``Vicky Cristina Barcelona,'' a lighthearted dramedy about two young American girlfriends searching for love in one of the world's most romantic …
Wal-Mart's Sales Slowdown May Signal End of Best-of-Dow Run Bloomberg reports: Wal-Mart Stores Inc.'s run as this year's best-performing Dow Jones Industrial Average company may end after the world's largest retailer said sales growth will slow this month.
Iran Moves Toward `Unacceptable' Nuclear Advance, Mofaz Says Bloomberg reports: Iran is driving toward a ``major breakthrough'' in its nuclear development effort that poses an ``unacceptable'' danger, Israeli Deputy Prime Minister Shaul Mofaz told a Washington audience today.
Rats, Disease Plague Prisoners in France's Overcrowded Jails Bloomberg reports: Christian Donat's 11-square-meter (119-square-foot) prison cell in Rouen, France, had two other inmates and an open toilet not far from the cooking corner.
GM's $15.5 Billion Loss Is 3rd-Biggest in Its 100-Year History Bloomberg reports: General Motors Corp. reported a quarterly loss of $15.5 billion, the third biggest in its 100- year history, because of plunging U.S. sales and the declining value of truck leases.
AIDS Risk to U.S. Employees Raised as Government Ignores Policy The U.S. government is ignoring its own guidelines for HIV screening, putting more than 15 million people covered by federal health-care plans at risk of unwittingly carrying and spreading the deadly virus.
Venezuela to Nationalize Santander Unit, Chavez Says Venezuela will nationalize the local unit of Spain's Banco Santander SA, the South American country's third-biggest bank in terms of deposits, to increase state control of the financial services industry.
Greenspan Says Housing Prices Not Yet Near Bottom Former Federal Reserve Chairman Alan Greenspan said falling U.S. home prices are ``nowhere near the bottom'' and the resulting market turmoil isn't showing signs of abating.
U.S. Recession May Have Begun in Last Quarter of 2007 Bloomberg reports: The U.S. economy may have tipped into a recession in the last three months of 2007 as consumer spending slowed more than previously estimated and the housing slump worsened, revised government figures showed.
U.S. Economy: House Prices Drop; Confidence Nears 16-Year Low Bloomberg reports: Home prices in 20 U.S. metropolitan areas fell at a faster pace in May, and consumer confidence stayed near a 16-year low this month, posing a threat to household spending.
IMF Says End of U.S. Housing Slump `Not Visible'The International Monetary Fund said there's no end in sight to the U.S. housing recession and warned that deteriorating credit conditions for consumers and banks may prolong a period of slow economic growth.
U.S. Stocks Fall, Led by Banks on Outlook for More Housing Woes U.S. stocks fell and the Dow Jones Industrial Average lost more than 200 points for the second time in three days after the International Monetary Fund said there is no end in sight to the housing slump.
Sex, Drugs, Shakespeare: What More Could You Want in a Novel? A man who has helped squish all of Shakespeare's plays into a 90-minute show and then cooked up cartoons for Disney might reasonably expand his peculiar CV to include a novel that combines bawdiness, hallucinogens and a brace of Bards.
New Zealand, Amid a Recession, Must Wait for Interest-Rate Cut Bloomberg reports: New Zealand central bank Governor Alan Bollard will probably keep interest rates at a record this week to fight inflation, ignoring a slump in consumer confidence and housing that may have pushed the economy into recession.
U.S. Economy: Leading Indicators Drop a Second Month Bloomberg reports: U.S. growth will slow in the second half of the year as unemployment rises and stock-market declines erode household wealth, according to an index of leading economic indicators.
American Express Profit Falls on Higher Defaults Bloomberg reports: American Express Co., the biggest U.S. credit-card company by purchases, said second-quarter profit fell 37 percent on worse-than-expected consumer defaults. The shares dropped 9.6 percent in extended trading.
Maliki DOES NOT Endorse Obama Troop Withdrawal Plan ? Bloomberg reports: Iraqi Prime Minister Nuri al-Maliki hasn't endorsed any specific plan for the withdrawal of U.S. troops from Iraq, a government spokesman said, a day after a magazine report that he backed Barack Obama's proposal.
Jim Bunning's Capitalism Pitch Is in Strike ZoneCaroline Baum comments: ``When I picked up my newspaper yesterday, I thought I woke up in France,'' said Senator Jim Bunning, Republican from Kentucky, who in a former life threw curve balls from the mound as a professional baseball player.
Chavez Pleads for Investment as Falling Output Fuels Inflation Bloomberg reports: Venezuelan President Hugo Chavez wore a suit for the occasion, and, grinning at about 300 business leaders he usually calls ``oligarchs,'' asked for help relieving a drought in investment.
U.S. Economy: Home Construction Hits 17-Year Low Bloomberg reports: Builders started work in June on the fewest single-family U.S. homes since 1991 and manufacturing in the Philadelphia region contracted for an eighth straight month, signaling the economic slowdown is worsening.
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