The following list comprises the most-read Bloomberg News reports from the past week.
1. Storm Poised to Bring Heavy Rain to U.S. East Amid Holiday Rush
Nov. 26 (Bloomberg) -- A storm system forecast to bring heavy rain to the U.S. East Coast today is set to disrupt travel plans after grounding hundreds of flights in the South as the Thanksgiving holiday rush begins.
2. Goldman Sachs, GLG Start Asian Hedge Funds as Big Turns Chic
Nov. 27 (Bloomberg) -- Global banks and asset managers are opening hedge funds in Asia for the first time since the 2008 financial crisis, putting pressure on smaller firms that are already struggling to hold onto investors.
3. High-Frequency Traders Meet Nightmare on Elm Street With Nanex
Nov. 26 (Bloomberg) -- The nemesis of Wall Street’s high-frequency traders operates out of an apartment-sized office above the Bliss Salon -- manicure/pedicure $45 -- on Elm Street in the Chicago suburb of Winnetka.
4. Oil Drops With U.S. Energy Shares While Yen Weakens on Iran Deal
Nov. 25 (Bloomberg) -- Oil fell and the yen weakened against the dollar while energy-company shares led the Standard & Poor’s 500 Index lower after Iran and world powers reached an initial deal on limits to the nation’s nuclear program.
5. UBS Bans Multibank, Social Chat Rooms at Investment Bank
Nov. 27 (Bloomberg) -- UBS AG, Switzerland’s biggest bank, is banning the use of multibank and social chat rooms at its investment-banking division as global regulators probe the alleged manipulation of foreign exchange rates.
6. Men’s Wearhouse Takes on New Look as Hunter Instead of Target
Nov. 27 (Bloomberg) -- Men’s Wearhouse Inc. has gone from target to hunter in less than two weeks. Investors like the way it looks.
7. Bitcoin Tops $1,000 as Virtual Money Gains Wider Acceptance
Nov. 27 (Bloomberg) -- The price of Bitcoin surpassed $1,000 on the Mt. Gox online exchange, fueled by speculators snapping up the virtual currency as it gains wider acceptance.
8. Hedge Funds See Repeat of Yen Slide That Paid Soros: Currencies
Nov. 26 (Bloomberg) -- Hedge funds are betting on another run of yen weakness, a trade that made money earlier this year for billionaire George Soros, putting them in opposition to economists who see Japan’s currency little changed into 2014.
9. Basketball Player’s $20,000 Half-Court Shot Receives NAIA Review
Nov. 26 (Bloomberg) -- Making a half-court shot during a promotion at an Oklahoma City Thunder game might be easier for 23-year-old Cameron Rodriguez than keeping the $20,000 prize.
10. Traders’ Messages Draw Scrutiny as UBS Forbids Chats Among Firms
Nov. 28 (Bloomberg) -- Messages between traders in a commodities chat room last week ranged from the dating habits of Kim Kardashian’s mother to West African pirates plundering oil and gas reserves to a riddle.
1. Seriously, a ’SmartWig’? Sony Should Stop Trying: William Pesek
Nov. 27 (Bloomberg) -- Just when you thought Sony couldn’t get any more pathetic, the company comes up with the “SmartWig.”
2. China’s Xi Is Pumped Up on Political Testosterone: William Pesek
Nov. 29 (Bloomberg) -- The Communist Party summit that recast Xi Jinping as a reformer extraordinaire has produced its first foreign-policy initiative: poking Japan in the eye.
3. Decade’s Worst Bond Wipeout Rocks Pension Returns: Brazil Credit
Nov. 26 (Bloomberg) -- The worst rout in Brazil’s inflation-linked bonds in at least a decade is poised to saddle the nation’s $275 billion pension-fund industry with its first annual losses since 2008.
4. Swiss Come to Senses in Europe’s Soak-the-Rich Mood: Josef Joffe
Nov. 26 (Bloomberg) -- Some of my best friends are very rich -- people with condos on Central Park West and tastefully refurbished palazzi in Italy. The puzzle: Why do so many of them vote Democratic or praise the high-taxing European welfare state?
5. You Know Great Customer Service When You Get It: Caroline Baum
Nov. 27 (Bloomberg) -- Anyone who has survived a marathon phone session with an Internet service provider knows the frustration, not to mention the elevated stress level, associated with today’s automated world. In many cases, customer service has been supplanted by do-it-yourself phone menus and websites. In some cases, do-it-yourself beats doing it with a real person.
1. BOE’s Carney Sees ‘A Lot of Slack’ in U.K. Labor Market
Nov. 26 (Bloomberg) -- Bank of England Governor Mark Carney testifies before the U.K. parliament’s Treasury Select Committee in the House of Commons in London. He discusses a review of the impact of leverage ratios on banks, unemployment levels, forward guidance and productivity.
2. Oklahoma City Fan Hits Half-Court Shot, Wins $20,000
Nov. 25 (Bloomberg) -- Brad Brucker, a 33-year-old teacher, drains a shot from half court to win $20,000 during a half-time promotion at an Oklahoma City Thunder game.
3. Storm Upsets U.S. Travel Ahead of Thanksgiving Holiday
Nov. 27 (Bloomberg) -- Heavy rain and high wind along the U.S. East Coast is affecting holiday travelers as the organizers of Macy’s Thanksgiving Day Parade waited to decide whether the event’s trademark balloons will fly.
Meteorologist Bonnie Schneider explains the storm system on Bloomberg Television’s “Surveillance.”
4. Russia Spends Record $48 Billion on 2014 Sochi Olympics
Nov. 27 (Bloomberg) -- A record $48 billion will be spent by Russia to host the 2014 Winter Olympics in Sochi. Bloomberg Markets investigates the skyrocketing costs.
5. Winter Storm Brings Travel Hazards to U.S. South
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