Bloomberg Executive Apologizes as New Leaks Surface
Bloomberg LP moves to repair damage to its reputation after a report said that more than 10,000 client messages containing sensitive pricing data had been leaked online.
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Bloomberg Probed Over Reporters' Access to Client Data
Bloomberg customers were examining whether there could have been leaks of confidential information, even as the media company restricted its reporters' access to client data.
Walmart Exec Who Called Sales a 'Total Disaster' is Out
The Walmart executive who called the retailer's sales figures a "total disaster" in a leaked email has left the company.
Judge Tosses NYC's Planned Ban on Large Sugary Drinks
A judge on Monday invalidated New York City's plan to ban large sugary drinks from restaurants and other eateries, one day before the new law was to take effect, calling it "arbitrary and capricious."
Without Taxpayer Aid, Too Big to Fail Banks Would Only Break Even
Today brings a new milestone in big banks' fall from grace: a Bloomberg editorial alleging that Wall Street's largest financial firms wouldn't be profitable without taxpayer backstops, and calling for an end to the perverse incentives the current arrangement produces.
Walmart Internal Emails: Sales Figures a "Total Disaster"
Bloomberg got its hands on some internal emails exchanged by Walmart executives discussing recent sales figures, and they paint a grim picture of the situation at the world's largest retailer. Asks one executive: "Where are all the customers? And where's their money?"
Insider Trading at Playboy: The Case Against Christie Hefner's Husband Revealed
Christie Hefner, daughter of Hugh Hefner, was in control of Playboy Enterprises for two decades as its CEO. What she wasn't in control of was her husband, William Marovitz, who was secretly trading Playboy stock based on inside information. A new report by Bloomberg reveals the details of his transgressions for the first time.
10 Brands Losing the Most Value
While some of the biggest brands have grown their values by more than 20% since last year's report by Interbrand, others have fallen precipitously. Here are the brands that lost the most value over the past year.
Facebook, Week Two: Fortunes Made and Fortunes Lost (Mostly Lost)
The ongoing saga of Facebook's post-IPO tumble is a classic, Greek-style tragedy of hubris, epic overreach, and equally epic failure, and the media can't get enough of it -- even though large chunks of it are essentially fictional.
Bloomberg Ranks Top 10 U.S. Economic Analysts
When it comes to predicting the U.S. economy, who has the best crystal ball? Lou Crandall, chief economist at economic advisory firm Wrightson ICAP, according to Bloomberg Markets magazine's new list of top analysts released Thursday.
Can Groupon Find Itself a Good Venture Capital Deal?
After rumors last month that Yahoo had offered to buy coupon service Groupon for between $1.5 billion and $3 billion, the company is seeking an undisclosed amount of venture-capital funding at a valuation of between $2 billion to $3 billion.
Rising Profits in Corporate America Are Boosting Executive Optimism
U.S. companies are raising their outlook not just for oversees growth, but for domestic profits as well. The last time American executives were this optimistic, stocks climbed 39% over the next 3 1/2 years, data compiled by Bloomberg show.
Obama Pushes For Longer School Year, Stricter Teaching Standards for U.S. Education System
President Barack Obama pushed for stricter teaching standards and a longer school year as effective methods to improve the American education system, Bloomberg News reported, citing Obama's appearance on NBC's "Today Show."
Consumer Confidence Rises in August
U.S. consumer confidence unexpectedly rose to 53.5 in August, the Conference Board said, as Americans became somewhat more positive about the short-term outlook for the economy.
Legal Briefing: Can BP Victims Get Paid and Still Sue?
BP and spill fund czar Kenneth Feinberg is taking a lot of flak for the details of the compensation program. One issue is the likelihood that people who take payments won't be able to sue later.
The Least Important Crisis Facing Political Journalism
Fox News and Bloomberg both want Helen Thomas's old front row seat in the White House briefing room because of the symbolism they see in it. But what it actually symbolizes is something very different.
Businessweek: More News for Shorter Attention Spans
The 80-year-old Businessweek, now Bloomberg Businessweek, has an all-new design intended to pack a lot more information into each page, says editor Josh Tyrangiel. Just about every story is preceded by bullet points that tease its main findings, then tagged by a summary.
John Wiley & Sons Reports Higher Profits, Earnings
The textbook and nonfiction publisher -- which is behind the For Dummies how-to series -- reported healthy results for the third quarter, thanks to the education division and currency gains.
BusinessWeek Prepares for Second Round of Layoffs
The other shoe is about to drop at BusinessWeek. Shortly after taking over the magazine, news giant Bloomberg pruned its staff by a reported 30% and made it known that more downsizing would come sometime before May. Sources say that round will begin Thursday.
The Dirtiest Lunch Rooms in the Media Business
The American print-publishing industry isn't healthy -- and the food it's serving its workers may not be, either. A quick survey of cafeteria health inspection records shows some alarming results. Lunch anyone?
