By Bloomberg News | 02/26/14 09:45 AM
When Hostess Brands went bankrupt in 2012, it triggered anxiety among employees at Ottenberg’s Bakery, a family-owned enterprise in Maryland. The companies shared a pension plan, and if Hostess couldn’t pay its retirees, Ottenberg’s would have to pick up the tab.
By Bloomberg News | 02/26/14 09:43 AM
The Association of Private Sector Colleges and Universities filed a complaint in its challenge to U.S. Education Department regulations on recruiters' compensation, saying the amended rules are unjustified and hurt students.
By Bloomberg News | 02/26/14 09:33 AM
JPMorgan Chase & Co. and Wells Fargo & Co. are leading a shift in how banks account for their bond investments after a $44 billion plunge in value exposed a potential drain on capital under new rules.
By Bloomberg News | 02/26/14 09:29 AM
For BlackBerry investors cheering the prospect of a sale of its BBM messaging service after last week’s $19 billion deal for WhatsApp, the waiting may be the hardest part.
By Bloomberg News | 02/25/14 06:52 PM
The bunker deep in the Swiss Alps, an hour’s drive south of Zurich, was designed to withstand nuclear blasts and protect soldiers from a foreign invasion that never came. Today, it’s used to guard digital data. As Switzerland yields to pressure from the U.S. and the European Union to relax...
By Bloomberg News | 02/25/14 10:38 PM
The top Republican tax writer in Congress will lean on the financial industry with his planned revamp of the U.S. code, changing the treatment of carried interest and imposing a levy on the assets of banks and insurers. Representative Dave Camp, chairman of the House Ways and Means Committee,...
By Bloomberg News | 02/25/14 05:15 PM
Gov. Chris Christie proposed the largest budget in New Jersey history, a $34.4 billion plan swollen by rising costs for health benefits, pensions and debt. Spending would rise 3.5 percent from this fiscal year’s $33.3 billion as the state makes a $2.25 billion payment, the biggest ever, to...
By Bloomberg News | 02/25/14 05:08 PM
Treasuries rose and the Standard & Poor's 500 Index retreated after touching an intraday record Monday on signs U.S. consumer confidence is flagging. The yen gained amid concern a weaker Chinese yuan will hurt growth while natural gas led commodities lower. Yields on 10-year Treasuries...
By Bloomberg News | 02/25/14 04:03 PM
In an age of aerial drones and driver-less cars, Rolls-Royce is designing unmanned cargo ships. Rolls-Royce's Blue Ocean development team has set up a virtual-reality prototype at its office in Alesund, Norway, that simulates 360-degree views from a vessel's bridge. Eventually, the...
By Bloomberg News | 02/25/14 03:53 PM
Wisconsin's requirement for photo identification to vote is illegal because the state's voting criteria can be changed only by constitutional amendment, an attorney challenging the statute told the state Supreme Court.
By Bloomberg News | 02/25/14 03:37 PM
Companies from Apple to American Airlines called on Arizona Gov. Jan Brewer to veto a bill permitting businesses to refuse service on religious grounds, a measure that opponents say is meant to allow discrimination against gays. The measure passed last week prompted tourists to cancel...
By Bloomberg News | 02/25/14 02:46 PM
Republicans are trying to avoid becoming their own worst enemy again in a U.S. Senate contest, this time in Georgia. Representative Paul Broun has called evolution and the Big Bang theory “lies straight from the pit of hell” and is holding a drawing for a semi-automatic assault rifle. He's...
By Bloomberg News | 02/25/14 02:05 PM
The Senate probably will delay until late March a vote on a proposal to raise the U.S. minimum wage to $10.10 an hour, said bill sponsor Senator Tom Harkin, an Iowa Democrat. The delay until senators return March 24 from a week-long break provides more time for labor unions to organize support...
By Bloomberg News | 02/25/14 01:59 PM
Forecasts of a thaw for the Eastern U.S. next month sent natural gas futures to the steepest two-day decline in 11 years on speculation of reduced demand for the heating fuel. Gas slid as much as 12 percent as forecasters including MDA Weather Services said frigid weather in the Midwest and...
By Bloomberg News | 02/25/14 01:27 PM
Consumer confidence fell more than forecast in February as growing concern about the U.S. economy's direction outweighed improving perceptions of its current state. The Conference Board's index decreased to 78.1 from a revised 79.4 in January that was weaker than initially estimated, the New...
By Paul Bedard | 03/09/14
By Charlie Spiering | 03/09/14
By Joel Gehrke | 03/08/14
By Joel Gehrke | 03/08/14
By Philip Klein | 03/06/14