The following list comprises the most-read Bloomberg News reports from the past week.
1. Malaysia Search Focuses India on Andaman as Air Piracy Seen
March 14 (Bloomberg) -- India’s navy set up a search zone for the missing Malaysian airliner in the Andaman Sea, hundreds of miles off the course of Flight 370, as evidence mounted that the plane may have flown long after controllers lost contact.
2. S&P 500 Erases 2014 Gain as Treasuries Climb on Ukraine, China
March 13 (Bloomberg) -- The Standard & Poor’s 500 Index fell, erasing its gain for the year, while Treasuries and the yen advanced as tension persisted in Ukraine. Copper declined as data from China missed estimates and gold reversed losses.
3. Malaysia Hunt Spans Sea to Space as Debris Seen Near Vietnam
March 11 (Bloomberg) -- Malaysia widened the search area for a missing jetliner, dispatching ships to check debris in the South China Sea, as the hunt for clues spread to space with satellite surveillance in a mystery entering its fourth day.
4. Lloyds Trader Said to Tell BP of $500 Million Currency Deal
March 11 (Bloomberg) -- A senior currency dealer at Lloyds Banking Group Plc shared details of a pending order by his firm with a trader at another company to the potential detriment of the bank, according to four people with knowledge of the matter.
5. Treasuries Rise With Gold on China as Kiwi Jumps; Crude Declines
March 12 (Bloomberg) -- Treasuries climbed with gold while U.S. stocks erased losses as investors weighed developments in Ukraine while concern intensified that slowing growth in China will hurt demand. Oil retreated on rising U.S. supplies.
6. U.S. Stocks Retreat With Emerging Equities, Metals on China Data
March 10 (Bloomberg) -- U.S. stocks declined with emerging-market equities while base metals drove commodities lower as an unexpected drop in Chinese exports fueled concern that growth in the world’s second-largest economy is moderating.
7. Jeff Corzine, Son of Ex-New Jersey Governor, Dies in Mexico
March 14 (Bloomberg) -- Jeffrey Corzine, the son of Jon Corzine, the former co-chairman of Goldman Sachs Group Inc. who went on to be governor of New Jersey, has died in Mexico, according to spokesmen for the family and the U.S. Embassy.
8. El-Erian Exit Is Distraction as Gross Tries to Save Legacy
March 10 (Bloomberg) -- Bill Gross, in an investment outlook in April entitled “Man in the Mirror,” questioned whether he was truly a great investor as he pondered his legacy in a new era of shrinking bond returns.
9. Chinese Satellite Seeking Malaysia Jet Finds Objects at Sea
March 13 (Bloomberg) -- A Chinese satellite hunting for Malaysian Airline System Bhd.’s missing wide-body jetliner found three floating objects at sea along the plane’s intended route, the government said.
10. Treasuries Rise as Gundlach Says Yields Will Fall; Gross Sells
March 12 (Bloomberg) -- Treasuries rose for a third day as DoubleLine Capital LP’s Jeffrey Gundlach said yields are poised to fall further and Pacific Investment Management Co.’s Bill Gross cut his holdings of U.S. government-related debt.
1. High-Frequency Trader Isn’t So Good With Numbers: Jonathan Weil
March 11 (Bloomberg) -- If the high-frequency trading firm Virtu Financial Inc. succeeds in becoming a public company this year, it would confirm yet again that the investing public has thrown caution to the wind when it comes to initial public offerings.
2. The Country That Makes Saudi Arabia Look Good: Jeffrey Goldberg
March 12 (Bloomberg) -- Sheikh Tamim bin Hamad Al Thani, the emir of Qatar, met secretly in Kuwait last month with foreign ministers from five neighboring countries, including Saudi Arabia, Bahrain and the United Arab Emirates. According to two people with direct knowledge of this meeting, the five foreign ministers had a simple message for the emir: Cut it out -- we know what you’re doing.
3. Flight 370 Mess Exposes Malaysia Flaws: William Pesek
March 13 (Bloomberg) -- Confusion doesn’t normally make for a great economic indicator. But the chaos that’s marred the hunt for missing Malaysia Airlines Flight 370 is revealing quite a bit about Malaysia’s potential -- or lack thereof.
4. Don’t Let the Brokers Keep Watch on Themselves: William D. Cohan
March 13 (Bloomberg) -- In the cruel irony department comes the saga of Jill Wile, a former manager in the southeast regional office of the Financial Industry Regulatory Authority, the self-policing group for brokerages.
5. ‘Average’ Barbie Is No Less Fake Than Old One: Virginia Postrel
March 10 (Bloomberg) -- When I was a little girl, my favorite dolls came from Mattel and had wildly inhuman proportions. To me, they were magical and special and didn’t look the least bit strange. But once, probably when I was making a Christmas wish list, my mother let her adult perspective slip. “You mean,” she asked, with a disapproving edge, “one of those dolls with the huge heads?”
1. Building Explodes, Collapses in NYC’s East Harlem
March 12 (Bloomberg) -- New York City police and firefighters are fighting a blaze after a building explosion on Park Avenue adjacent to elevated train tracks in East Harlem. The blast, reported about 9:30 a.m., was at 1644-66 Park Avenue, said Elisheva Zakheim, a Fire Department spokeswoman. She said 11 minor injuries were reported at the scene.
2. Freshman Death Shows Fraternities Stymied Hazing Warning
March 10 (Bloomberg) -- College leaders, fraternities and their critics called Sigma Alpha Epsilon’s ban on pledging a milestone in the history of efforts to end hazing. Bloomberg’s Kevin Thrash reports on an earlier effort made by a group of college presidents.
3. Stars’ Peverley Suffers Cardiac Event During NHL Game
March 11 (Bloomberg) -- Dallas Stars forward Rich Peverley is in stable condition after collapsing on the team’s bench shortly after coming off the ice about seven minutes into last night’s game against the Columbus Blue Jackets.
4. BOE’s Carney Testifies on February Inflation Report
March 11 (Bloomberg) -- Bank of England Governor Mark Carney testifies before the Treasury Select Committee in the House of Commons in London about the February 2014 inflation report. Monetary Policy Committee members David Miles, Martin Weale and Paul Fisher also speak.
5. Fischer, Powell and Brainard Confirmation Statements (Video)
March 13 (Bloomberg) -- The Senate Banking Committee holds a hearing on the nominations of Stanley Fischer as vice chairman of the Federal Reserve and Jerome Powell and Lael Brainard as members of the Fed’s board of governors.
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