A.J. Clark, creator of Thermopylae, hardly fits my image of a guy who helped track bad guys for Air Force.
Forget super PACs. Let’s mount an all-out challenge to laws preventing us from buying votes directly.
World’s largest banks may face downgrade
(Scott Eells / BLOOMBERG)
Moody’s says it may lower the ratings of some of the world’s largest banks, including Citigroup, Bank of America, Goldman Sachs, JPMorgan and Morgan Stanley, on profitability concerns.
Clock ticks on Greek bailout talks
In late March, the country faces a mammoth payment that it cannot meet without Europe’s help.
Investment manager accused of fraud
SEC accuses Ohio man of using clients’ money to pay his legal expenses from an earlier case.
Candidates changing tone about jobs
Amid an uptick in factory jobs, presidential candidates are offering a more hopeful messages.
Who will replace Zoellick?
Questions grow over who will replace the World Bank chief and where the Republican stalwart will end up next.
Xi wants ‘new relationship’ with U.S.
Chinese Vice President Xi Jinping urges greater cooperation with the U.S. on trade and security issues.
Fed considering more stimulus
The Federal Reserve is actively considering major new action to boost the economy.
Wheaton development’s $40 million price tag sparks petition
Nonprofit groups have begun advocating for money for jobs programs and subsidized housing.
Lawmakers reach deal on $150 billion economic plan, clearing way for vote
Negotiators sign off early Thursday on plan that would extend a payroll tax holiday and jobless benefits. A vote could come as early as Friday.
Jobless claims drop to 4-year low
Number of people seeking unemployment benefits fell last week, the latest signal that the job market is steadily improving.
GM earns highest profit ever
The 103-year-old company made $7.6 billion in 2011, up 62 percent from 2010.
Apple releases preview of Mac OS X ‘Mountain Lion’
The update for the Mac operating system will copy more features and apps from the iPhone and iPad to the Mac.
Facebook’s value slips in private-market sale
The social-media company’s implied value fell by almost 5 percent in an auction of funds that holds shares of the company.
FCC treading lightly after LightSquared debacle
Analysts say the agency was burned by congressional probes and two years of work wasted on the case.
Time for foreclosure reviews extended
Homeowners have an extra three months to have their cases reviewed for potential wrongdoing.
More Headlines
Small business optimism edges up
But the NFIB’s small business optimism index continues to lag well behind the mark set a year ago.
Business Blogs & Columns
An Apple iPhone app automatically uploaded your entire address book to its servers — without asking.
Beyond her music, Whitney Houston makes us think about the need for good financial planning.
Marketing, hypocrisy and arrogance in Facebook’s financial filing — standard Wall Street fare.
On Leadership
The Rolodex that redefined power
You’ve probably never heard of Pattie Sellers. But Warren Buffett has. And so has Sheryl Sandberg.
Innovations
Social media’s rise to power
Wadhwa | The SOPA and PIPA reaction shows social media has become a powerful force for change.
Editor's Choice
Must-have gadgets for 2012
Here are some of the must-have gadgets that have been creating some buzz.
Which majors have the highest jobless rates?
A recent study breaks down how graduates with various college degrees are faring in today’s difficult job market.
Home prices: How does your city stack up?
The Case-Shiller home price index offers a monthly assessment of how home prices are faring from city to city.
GM earns its highest profit ever: http://t.co/BsdAIOXT
Fed is actively considering another round of bond purchases: http://t.co/kyA6gBWQ
What Whitney Houston can teach us about financial planning: http://t.co/pKHOdQ9a
Apple's plans for its $90B in cash: http://t.co/aa8kkjoF
Business Video
Jobless Claims Fall; January Housing Starts Rise
Feb. 16 (Bloomberg) -- Claims for jobless benefits dropped 13,000 in the week ended Feb. 11 to 348,000, Labor Department figures showed today. The median survey estimate of economists surveyed by Bloomberg News projected an increase to 365,000. The January producer price index rose 0.1 percent following a 0.1 percent decrease the prior month. Housing starts rose 1.5 percent to a 699,000 annual rate from December's 689,000 pace that was stronger than previously reported. Betty Liu reports on Bloomberg Television's "In the Loop." (Source: Bloomberg)
SocGen CEO Says First Quarter Better Than Expected
Feb. 16 (Bloomberg) -- Frederic Oudea, chief executive officer of Societe Generale SA, says the start of 2012 is better than expected due to the European Central Bank's long-term refinancing operations. France's second-largest bank said fourth-quarter profit declined 89 percent as the investment bank posted a loss. Linzie Janis and Owen Thomas report on Bloomberg Television's "Countdown." (Source: Bloomberg)
Newton Says Netherlands Could `Break Ranks' on Greece
Feb. 16 (Bloomberg) -- Alastair Newton, senior political analyst at Nomura International, talks about Greece's debt crisis and its political and economic implications for the euro zone. Newton also discusses China's possible investment in Europe's bailout funds. He speaks with Rishaad Salamat, Susan Li, John Dawson and Mia Saini on Bloomberg Television's "Asia Edge." (Source: Bloomberg)
Olympus Ex-Chairman Kikukawa, Six Others Arrested
Feb. 16 (Bloomberg) -- Three former executives at Olympus Corp., including former Chairman Tsuyoshi Kikukawa, and four others were arrested for suspected violation of the Financial Instruments and Exchange Act. The Japanese camera maker is facing shareholder lawsuits and may be subject to further criminal investigation after admitting to a 13-year cover-up. The company restated past securities reports and took a $1.3 billion reduction in net assets in December. Angie Lau reports on Bloomberg Television's "Asia Edge" with Rishaad Salamat. (Source: Bloomberg)
Evans & Partners' Hawkins Says Avoid Australia Stocks
Feb. 16 (Bloomberg) -- Mike Hawkins, chief investment officer at Evans & Partners Pty, talks about Australia stocks. Hawkins also discusses Westpac Banking Corp. and Qantas Airways Ltd. financial results. He speaks from Sydney with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)
Brown Brothers's Gothard Favors Yuan, Rupiah in Asia
Feb. 16 (Bloomberg) -- Christopher Gothard, head of foreign exchange at Brown Brothers Harriman (Hong Kong) Ltd., talks about China's possible investment in Europe's rescue funds and the outlook for the global currency market. He speaks with Rishaad Salamat on Bloomberg Television's "On the Move Asia." (Source: Bloomberg)
Cheng Says U.S., China Need More Open Trade Relations
Feb. 16 (Bloomberg) -- Paul Cheng, chairman of the China High Growth Fund, talks about Chinese Vice President Xi Jinping's visit to the U.S. and the outlook for relations between the two nations. Cheng speaks with Susan Li with Bloomberg Television's "First Up." (Source: Bloomberg)
China's Xiaomi Ready to Post Losses to Battle Apple
Feb. 16 (Bloomberg) -- Chinese smartphone vendor Xiaomi Corp. says it's prepared to post losses for several years as it battles Apple Inc. in China to attract high-end users to its handsets and software. Bloomberg's Stephen Engle reports. (Source: Bloomberg)
Fortress's Hanna Says China Wants Europe to Survive
Feb. 16 (Bloomberg) -- Don Hanna, a managing director at New York-based hedge fund Fortress Investment Group LLC, talks about the European sovereign debt crisis and China's pledge to invest in Europe's bailout funds. Hanna also discusses U.S. and Asian economies. He speaks with Rishaad Salamat on Bloomberg Television's "First Up." (Source: Bloomberg)
Jacobsen Says Greece May Be on Long `Road to Solution'
Feb. 16 (Bloomberg) -- Brian Jacobsen, chief portfolio strategist at Wells Fargo Advantage Funds in Menomonee Falls, Wisconsin, talks about Greece's debt crisis, its implications for global markets and his investment strategy. Jacobsen also discusses Federal Reserve monetary policy. He speaks with Susan Li on Bloomberg Television's "First Up." (Source: Bloomberg)
CEO Corpus Says Milyoni Is `Very Focused' on Facebook
Feb. 15 (Bloomberg) -- John Corpus, chief executive officer of Milyoni Inc., talks about the company's distribution of content on Facebook Inc.'s social-networking site. He speaks with Jon Erlichman on Bloomberg Television's "Bloomberg West." Bloomberg's Emily Chang also speaks. (Source: Bloomberg)
Ex-Sun CEO Schwartz Says CareZone Site Links Caregivers
Feb. 15 (Bloomberg) -- Jonathan Schwartz, chief executive officer or CareZone, talks about the debut of the startup website that lets family members and health-care workers share information about aging or ill parents, spouses and children. Schwartz is former chief executive officer of Sun Microsystems Inc. He speaks with Cory Johnson on Bloomberg Television's "Bloomberg West." (Source: Bloomberg)
Petco sued for cutting dog's ear off, gluing it back (2:29)
A woman is suing the Kaneohe, Hawaii, Petco for allegedly cutting her dog's ear off during a routine grooming and trying to cover it up by gluing it back on. (Feb. 15)
Lightsquared wireless network will not fly (0:56)
Federal officials plan to kill a private company's plans to start a national high-speed wireless broadband network after concluding it would in some cases jam personal navigation and other GPS devices. (Feb. 15)
Elon Musk on Tesla's Cash Flow, Outlook
Feb. 15 (Bloomberg) -- Elon Musk, chief executive officer of Tesla Motors Inc., talks about the automaker's cash position and hiring by his companies in California. Musk is also chairman of SolarCity Corp. and Space Exploration Technologies Corp. He speaks with Stephanie Ruhle on Bloomberg Television's "InsideTrack." (Source: Bloomberg)
Economists Own Words on Euro-Area GDP Contraction
Feb. 15 (Bloomberg) -- Philippe D'Arvisenet, chief global economist at BNP Paribas SA, Natacha Valla, an economist at Goldman Sachs Group Inc., and Paul Donovan, deputy head of global economics at UBS AG, discuss the prospects for the euro-area economy, which shrank 0.3 percent in the fourth quarter from the prior three months, marking the first drop since the second quarter of 2009. (Source: Bloomberg)
Facebook’s phenomenal rise
The social networking site is gearing up for an IPO and on its way to hitting 1 billion users.
Europe’s financial contagion
The European debt crisis has spread like a virus from Greece to Ireland, and other countries are now at risk.
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