The following list comprises the most-read Bloomberg News reports from the past week.
1. Fed Retreats From Interest-Rate Threshold as Unemployment Falls
Feb. 19 (Bloomberg) -- Federal Reserve policy makers backed away from their year-old commitment to consider raising interest rates when unemployment falls below 6.5 percent.
2. JPMorgan Employee Falls to Death From Building Roof in Hong Kong
Feb. 19 (Bloomberg) -- A JPMorgan Chase & Co. employee fell to his death from the roof of Chater House, the investment bank’s Asia-Pacific headquarters in Hong Kong.
3. Facebook to Buy Mobile-Message App WhatsApp for $19 Billion
Feb. 20 (Bloomberg) -- Facebook Inc., the world’s largest social network, agreed to purchase mobile-messaging startup WhatsApp Inc. for as much as $19 billion in cash and stock, the biggest Internet acquisition in more than a decade.
4. Currency Traders Facing Extinction as Computers Replace Humans
Feb. 18 (Bloomberg) -- A widening probe of the foreign-exchange market is roiling an industry already under pressure to reduce costs as computer platforms displace human traders.
5. Zuckerberg Bonded With WhatsApp CEO Over Coffee and Dinners
Feb. 20 (Bloomberg) -- The relationship between Facebook Inc. and WhatsApp Inc. started in spring 2012 over coffee at a German bakery. It was consummated on Valentine’s Day with chocolate-covered strawberries, after just five days of talks.
6. Stocks Fall With Treasuries as Dollar Gains on Fed Minutes, IMF
Feb. 19 (Bloomberg) -- U.S. stocks fell with Treasuries, while the dollar gained, as Federal Reserve meeting minutes indicated stimulus cuts would likely continue in measured steps and the International Monetary Fund warned of risks to global growth. Ukraine’s bonds tumbled, while U.S. natural gas jumped.
7. RBS Says No Big Job Cuts Coming as Investment Bank to Shrink
Feb. 21 (Bloomberg) -- Royal Bank of Scotland Group Plc Chief Executive Officer Ross McEwan moved to reassure employees that there will be “no big announcement” on job cuts when the lender publishes the results of its strategic review next week.
8. Wall Street Bond Dealers Renounce Treasuries That Lure Pimco
Feb. 18 (Bloomberg) -- The world’s biggest bond dealers are showing almost no confidence in the best annual start for Treasuries since 2008.
9. Facebook $21-Per-Eyeball Offer Underscores WhatsApp’s Appeal
Feb. 20 (Bloomberg) -- Dan Stiller isn’t using Facebook much anymore. Mark Zuckerberg is paying $42 to get him back.
10. Worsening Divorce Rate Points to Improving U.S. Growth: Economy
1. China’s Mystery GDP Should Have G-7 Firing Italy: William Pesek
Feb. 20 (Bloomberg) -- China’s thought police have a new target in their sights: economists.
2. China Is the Dupe as Dollar Pyramid Scheme Grows: William Pesek
Feb. 17 (Bloomberg) -- Reading Eswar Prasad’s new book, it’s easy to picture the entire global economy as a giant bird cage, with Jack Lew and Janet Yellen standing outside waving at all the unwitting creatures inside.
3. Sex Isn’t the Political Killer It Used to Be: Margaret Carlson
Feb. 19 (Bloomberg) -- Traffic is the new sex.
4. Pre-Teen Pornographer and Other Facebook Likes: William D. Cohan
Feb. 18 (Bloomberg) -- I have always been deeply troubled by the fact that more than a billion people willingly share, for free, endless amounts of information about themselves and the people they care about with Mark Zuckerberg & Co. over at Facebook, and then allow Zuckerberg to mine that data and sell the relevant bits and pieces to advertisers.
5. Weapons Expert Sees No Chance of Iran Success: Jeffrey Goldberg
Feb. 18 (Bloomberg) -- Until recently, Gary Samore was the Barack Obama administration’s top expert on weapons of mass destruction and the go-to White House official on the complexities and challenges of the Iranian nuclear program. So I pay attention when he says that the Iran nuclear talks -- restarting today -- have an almost zero chance of success.
1. JPMorgan Dad Turns Biotech CEO in Muscle Disease Quest
Feb. 20 (Bloomberg) -- Ilan Ganot, founder of Solid Ventures, talks about his decision to leave his career to create the biotechnology company after his son, Eytani, was diagnosed with Duchenne muscular dystrophy, a fatal genetic disease.
2. Barbie Swimsuit ‘Unapologetic’ Campaign Under Fire
Feb. 14 (Bloomberg) -- Olivia Sterns reports on the controversy surrounding Mattel’s Barbie appearing in the annual Sports Illustrated Swimsuit Issue.
3. TransCanada CEO Says Keystone XL Safest Way to Move Oil
Feb. 13 (Bloomberg) -- Russ Girling, chief executive officer of TransCanada Corp., talks about the outlook for final U.S. approval and completion of the company’s Keystone XL pipeline project, and U.S. energy imports.
4. Hungerford Sees WhatsApp Purchase ‘Terrifying’ Telecoms
Feb. 20 (Bloomberg) -- Nick Hungerford, chief executive officer of Nutmeg, an online investment management company, talks about Facebook Inc.’s agreement to purchase mobile-messaging startup WhatsApp Inc. for as much as $19 billion.
5. Deadly Power: How to Survive an Avalanche
Feb. 21 (Bloomberg) -- When it comes to skiing or snowboarding, the issue of safety has become more important in recent years. With helmets increasing on heads on the slopes, there’s also more off-piste exploration, and that means more danger from avalanches.
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