The following list comprises the most-read Bloomberg News reports from the past week.
1. SAC’S Cohen May Lose Fortune and Hedge Fund, Not His Freedom
July 26 (Bloomberg) -- Steven A. Cohen, founder of a $14 billion hedge fund indicted in what the U.S. calls an unprecedented insider trading scheme, faces a future without a fund or a multi-billion dollar fortune. On the other hand, he won’t be behind bars.
2. Mother of Golf Prodigy in Hazing Death Defied by FratPAC
July 24 (Bloomberg) -- Harrison Kowiak was 19 years old when he died after schoolmates pummeled him on a pitch-black field in Hickory, North Carolina. It was part of a fraternity hazing.
3. Boomer Sex With Dementia Foreshadowed in Nursing Home Torn Apart
July 22 (Bloomberg) -- At 8:30 p.m. on Christmas Day 2009, nurse Tiffany Gourley was called to a room at the Windmill Manor nursing home in Coralville, Iowa. She found a 78-year-old male resident who had just had intercourse with an 87-year-old woman. The man, a former college professor, was divorced. The woman, a retired secretary, was married. Both had dementia.
4. Bank Commodity Trading in Jeopardy as Fed Reviews Policies
July 22 (Bloomberg) -- JPMorgan Chase & Co., Morgan Stanley and Goldman Sachs Group Inc. are among lenders whose commodity-trading is in jeopardy as the Federal Reserve reconsiders letting banks ship oil and store metal.
5. Facebook Surges After Rising Sales Quiet Mobile-Ad Skeptics
July 25 (Bloomberg) -- Facebook Inc. Chief Executive Officer Mark Zuckerberg’s decision last year to bet big on mobile software is paying off, with sales of ads on wireless devices now on track to surpass revenue from desktop computers.
6. Sex in Geriatrics Sets Hebrew Home Apart as Boomers Seize Days
July 23 (Bloomberg) -- The nurse was frantic. She’d just seen two elderly people having sex in a room at the Hebrew Home at Riverdale, New York. She asked Daniel A. Reingold, then the home’s executive vice president, what she should do.
7. World’s Best Restaurant Has One-Year Wait, Dancing Ice Cream
July 23 (Bloomberg) -- The day El Celler de Can Roca was named World’s Best Restaurant, its website got 12 million hits.
8. S&P 500 Declines as Treasuries Slip on Earnings, Fed Speculation
July 23 (Bloomberg) -- The Standard & Poor’s 500 Index fell as investors weighed corporate earnings while Treasuries declined for the first time in three days amid speculation on when the Federal Reserve may scale back its asset purchases.
9. SEC’s Star Witness Says Tourre Misled Her About Paulson’s Role
July 23 (Bloomberg) -- The star witness in the Securities and Exchange Commission’s civil fraud case against Fabrice Tourre told jurors that Goldman Sachs Group Inc. misled her into helping construct a doomed investment that the Paulson & Co. hedge fund was betting would fail.
10. U.S. Stocks, Treasuries Rise Amid Speculation Over Fed Stimulus
July 25 (Bloomberg) -- U.S. stocks rose and Treasuries reversed earlier declines amid speculation over when the Federal Reserve may reduce its stimulus measures. The dollar fell while gold advanced.
1. Warren’s Mistake About Wall Street Risk-Taking: William D. Cohan
July 22 (Bloomberg) -- When U.S. Senator Elizabeth Warren, the former law-school professor and self-appointed scourge of Wall Street, gets her history terribly wrong -- and proposes a new law based on that lack of understanding -- there must be a reckoning.
2. Reagan’s Arrival in Tokyo Won’t Cheer Japanese: William Pesek
July 26 (Bloomberg) -- The Ronald Reagan moment Japan investors have long fantasized about has finally arrived.
July 22 (Bloomberg) -- You know something is a big deal in Boston when it steals headlines from allegations that the New England Patriots’ only healthy tight end committed multiple murders.
4. Obama Looks to His Legacy, Fudges His Past: Caroline Baum
July 24 (Bloomberg) -- Eight years ago, then-Senator Barack Obama delivered the commencement address at Knox College in Galesburg, Illinois. He joked with the graduates about being asked by a reporter what his place in history would be.
5. Winning Buffett’s Money Won’t Be Easy for India: William Pesek
July 23 (Bloomberg) -- India has long been viewed as a value investor’s dream: rapid growth, 1.2 billion people pining for a taste of globalization, and underdeveloped industries ripe for turnarounds. So it surprised few when the genre’s guru, Warren Buffett, placed a bet on the world’s ninth-biggest economy.
1. Security Camera Captures Spanish Train Crash Killing 77
July 25 (Bloomberg) -- A security camera captured the train crash last night near the northwestern Spanish city of Santiago de Compostela that killed at least 77 people after it derailed at 8:41 p.m. local time.
2. Spanish Train Crash Kills 77 People After Derailment
July 25 (Bloomberg) -- A train derailment near the northwestern Spanish city of Santiago de Compostela killed at least 77 people, the highest death toll in a rail incident since the 2004 Madrid bombing.
3. Nose Gear Collapses as Southwest Jet Lands at LaGuardia
4. Kate, William Leave London Hospital With Royal Baby
July 23 (Bloomberg) -- Prince William, his wife Kate and their new baby left St. Mary’s Hospital in central London today, a day after the birth of the boy who becomes the third in line to the British throne.
5. Town Crier Announces Birth of Son to William, Kate
July 22 (Bloomberg) -- A town crier outside St. Mary’s Hospital in London announces the birth of the son of Prince William and his wife Kate.
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