The following list comprises the most-read Bloomberg News reports from the past week.
1. Bugatti-Driving 26-Year-Old Tied to $3 Billion Stock Promotions
March 17 (Bloomberg) -- Short-sellers and stock promoters have puzzled for years over who operated one of the largest penny-stock websites. A U.S. lawsuit points to a Bugatti-driving 26-year-old from Montreal.
2. BofA Said to Cut Jobs Across Montag’s Banking, Trading Divisions
March 20 (Bloomberg) -- Bank of America Corp. is cutting jobs across co-Chief Operating Officer Thomas Montag’s global trading and investment banking units, according to three people with direct knowledge of the decision.
3. Deutsche Bank Said to Plan Job Reductions at Investment Bank
March 19 (Bloomberg) -- Deutsche Bank AG, Germany’s biggest bank, plans to cut more jobs at its investment bank to lower costs as business stagnates, two people with knowledge of the plan said.
4. Jet Search Resumes Off Australia for Objects Seen by Satellite
March 21 (Bloomberg) -- Patrol planes are resuming the hunt for Malaysia’s missing jetliner in the Indian Ocean off Australia after an initial foray failed to find objects seen in satellite images that kindled hopes for a breakthrough.
5. Fed Links Rate to Range of Data, Vowing to Keep Policy Easy
March 19 (Bloomberg) -- The Federal Reserve gave itself room to keep borrowing costs low at least until next year by dropping a linkage between the benchmark interest rate and a specific level of unemployment.
6. U.S. Stocks Rally With Ruble as Treasuries Fall on Factory Data
March 17 (Bloomberg) -- U.S. stocks rebounded from the worst weekly decline since January and Treasuries fell as better-than-forecast economic data overshadowed concern over Ukraine. Russian shares rallied with the ruble.
7. U.S. Stocks Rise on House Data as Crimea Boosts Treasuries
March 18 (Bloomberg) -- U.S. stocks climbed a second day as housing data bolstered confidence in the economy with the Federal Reserve meeting on policy. Treasuries advanced and the yen strengthened amid ongoing turmoil over the Crimea.
8. Barclays Awards $53 Million in Bonuses, Led by Skip McGee
March 18 (Bloomberg) -- Barclays Plc, the U.K.’s second-largest bank by assets, paid 12 senior executives about 31.8 million pounds ($53 million) in stock, led by Americas chief Hugh “Skip” McGee.
9. Malaysian Jet Disappearance Joins Longest in Modern Aviation
March 18 (Bloomberg) -- Malaysian Air Flight 370’s disappearance became the longest in modern commercial aviation as investigators lacking new information to back other theories explored the possibility of pilot suicide.
10. FBI Joins Malaysia Jet Probe as Flight Simulator Data Sought
March 19 (Bloomberg) -- The U.S. Federal Bureau of Investigation joined Malaysia’s inquiry into the missing jet as authorities sought to retrieve deleted data on a computer flight simulator belonging to the plane’s pilot.
1. China Tells the U.S. to Stuff It, Fix Own Economy: William Pesek
March 19 (Bloomberg) -- Watching Chinese officials turn the tables on the U.S., I can’t help but wonder if they’ve been reading Stephen Roach’s new book.
2. Fed’s Idea U.S. Can Copy China Stimulus Is Silly: William Pesek
March 17 (Bloomberg) -- If only America’s leaders were more Chinese. That’s the provocative suggestion made in a paper published by the Federal Reserve Bank of St. Louis, and it’s sure to elicit a smile among Communist Party bigwigs.
3. Schneiderman Dislikes High-Speed Traders All Over: Jonathan Weil
March 18 (Bloomberg) -- New York Attorney General Eric Schneiderman is out again with another reminder that he doesn’t like the way high-frequency traders operate. He believes they have unfair advantages, and that it’s a bad idea for stock exchanges to sell them special services that cater to their wants. For that matter, so do I. So on that we can agree.
4. Geraldine Ferraro’s Failed Quest Paid Off for Women: Albert Hunt
March 16 (Bloomberg) -- On Friday, the Showtime cable-television channel will air “Geraldine Ferraro: Paving the Way,” a documentary about her 1984 race for vice president. Although she was defeated, it was a seminal moment in politics that was validated by the subsequent extraordinary leap in the number of female officeholders.
5. Obama Shouldn’t Forget Our Man Stuck in Havana: Jeffrey Goldberg
March 19 (Bloomberg) -- When U.S. President Barack Obama looks abroad, he sees only the possibility of frustration and more frustration. He will not be supervising the return of Crimea to Ukraine. He and the West are unable to end the slaughter of Syria’s citizens by its government. There is little chance his administration will forge a final peace deal between Israelis and Palestinians.
1. Putin Calls for Russia to Annex Crimea After Vote
March 18 (Bloomberg) -- President Vladimir Putin speaks in Moscow about annexing Ukraine’s separatist region of Crimea after a referendum in the Black Sea peninsula.
2. Fed Chair Janet Yellen’s First News Conference as Bank Chief
March 19 (Bloomberg) -- Federal Reserve Chair Janet Yellen speaks about the outlook for the U.S. economy and Fed policy. Yellen speaks in Washington in her first news conference as head of the central bank after a two-day meeting of the Federal Open Market Committee.
3. Kerviel Walks Rome-to-Paris to Forget Trading Loss
March 17 (Bloomberg) -- Jerome Kerviel, the 37-year-old former trader at Societe Generale SA convicted of losing 4.9 billion euros ($6.9 billion), is walking the 1,400 kilometers back home to Paris after a Feb. 19 meeting with Pope Francis in Rome.
4. Osborne Raises Forecast for U.K. Growth in 2014 to 2.7%
March 19 (Bloomberg) -- U.K. Chancellor of the Exchequer George Osborne delivers his 2014 budget speech in the House of Commons in London in which he raised the country’s growth forecast for 2014 to 2.7 percent.
5. Motorcycle Racing Made Less Risky by Wearable Air Bags
March 18 (Bloomberg) -- RawSpeed Racing team rider David Hanig, No. 914, is seen competing at the 30th annual CCS Race of Champions at Daytona International Speedway.
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