News

• Buffett Bets on Business Insurance

  By Zachary Tracer, Bloomberg  |  May 3, 2013

  Berkshire Hathaway hires four AIG executives.

• Apple Avoids $9.2 Bln in Taxes with Bond Deal

  By Peter Burrows, Bloomberg  |  May 3, 2013

  Company would have paid 35% tax to repatriate overseas cash.

• Euro-Area Economy Headed for 2-Year Slump

  By Rebecca Christie, Bloomberg  |  May 3, 2013

  EC lowers forecast; now predicts 0.4% decline in GDP in 2013.

• U.S. Jobless Claims Drop to Five-Year Low

  By Alex Kowalski and Shobhana Chandra, Bloomberg  |  May 2, 2013

  While decline in claims suggests fewer firing, it doesn’t ensure more hiring.

• ECB Eyes Negative Deposit Rate

  By Matthew Brockett and Jana Randow, Bloomberg  |  May 2, 2013

  After the central bank cuts benchrate rate to record low, Draghi suggests that it could shift to charging banks for overnight deposits.

• SEC Plan Gives Exemptions to Swap Dealers’ Overseas Branches

  By Silla Brush and Dave Michaels, Bloomberg  |  May 2, 2013

  U.S. regulators face pressure to limit the international reach of swaps rules.

• J.C. Penney Offers to Buy Back Bonds

  By David Holley, Bloomberg  |  May 1, 2013

  Retailer may need to sweeten its offer for bonds that could restrict its debt load, analyst says.

• Fed Seen Slowing Stimulus by Year-End

  By Joshua Zumbrun, Aki Ito and Catarina Saraiva, Bloomberg  |  May 1, 2013

  Fed policymakers aren't expected to announce any change after today's meeting.

• SEC Weighs Cross-Border Swap Rules

  By Dave Michaels and Silla Brush  |  May 1, 2013

  Regulators face calls to limit the rules’ international reach.

• Apple Raises $17 Billion in Bond Market

  By Charles Mead and Sarika Gangar, Bloomberg  |  April 30, 2013

  Largest corporate bond sale on record helps company avoid repatriation taxes.