Oct. 6 (Bloomberg) -- The following list comprises the most-read Bloomberg News reports during September.
To read any article, click on the story links below or go to READ 1M <GO> or MNI COLUMNS 1M <GO>. See NI READSUMS <GO> for previous lists of the most-read stories. Lists are based on monthly statistics through Monday, Sept. 30.
1. Texas Man Seen Behind Washington Shooting That Left 13 Dead
Sept. 16 (Bloomberg) -- A 34-year-old Navy veteran from Texas was identified by the FBI as the suspected gunman in shootings at the Washington Navy Yard that left at least 12 others dead.
2. Fed Refrains From Taper as It Seeks Signs of Sustained Growth
Sept. 18 (Bloomberg) -- The Federal Reserve unexpectedly refrained from reducing the $85 billion pace of monthly bond buying, saying it needs more evidence of lasting improvement in the economy and warning that an increase in interest rates threatened to curb the expansion.
3. At 77 He Flips Burgers Earning Former Hourly Wage in Week
Sept. 23 (Bloomberg) -- It seems like another life. At the height of his corporate career, Tom Palome was pulling in a salary in the low six-figures and flying first class on business trips to Europe.
4. Microsoft Will Buy Nokia’s Handset Business for $7.2 Billion
Sept. 3 (Bloomberg) -- Microsoft Corp. is spending 5.44 billion euros ($7.2 billion) to buy Nokia Oyj’s handset unit so it can gain ground on Apple Inc. and Google Inc. in a smartphone market it let get away -- gaining a possible new chief executive officer in the process.
5. Summers’s Withdrawal Said to Put Yellen as Fed Front-Runner
Sept. 16 (Bloomberg) -- Fed Vice Chairman Janet Yellen is the leading candidate to replace Ben S. Bernanke following the withdrawal of Lawrence Summers from consideration, a person familiar with the process said.
6. Gross’s Trade Sours as Bonds Lose Faith in Fed Guidance
Sept. 16 (Bloomberg) -- Bond investors are losing confidence in the Federal Reserve’s pledge to keep benchmark interest rates at about zero into 2015 as the U.S. economy accelerates.
7. Apple Drops as IPhone Models Reflect Shift From Pioneer: Tech
Sept. 11 (Bloomberg) -- Apple Inc. fell the most in almost five months after unveiling two iPhones that were criticized by analysts as lacking enough new features or a sufficiently low price to attract a broad range of new customers.
8. Verizon Produces $2.54 Billion Windfall for Bond Sale Buyers
Sept. 12 (Bloomberg) -- Verizon Communications Inc. rewarded investors with a profit of about $2.54 billion for agreeing to buy the record $49 billion of bonds it sold yesterday as the price of the securities surged.
9. Oil Advances on Syria as Stocks Rise, Treasuries Drop on Economy
Sept. 3 (Bloomberg) -- Crude oil and gold advanced amid concern America is moving closer to striking Syria, while U.S. stocks rose and Treasuries retreated for a second day as a report showed faster-than-forecast growth in manufacturing.
10. Jobs Gain Less Than Forecast as Workers Drop Out: Economy
Sept. 6 (Bloomberg) -- Payrolls in the U.S. climbed less than projected in August and gains for the prior two months were revised down, pointing to an expansion that’s struggling to gain momentum.
1. JPMorgan’s Big Mistake Was Valuing Trades: William D. Cohan
Sept. 30 (Bloomberg) -- In the end, what have we learned from JPMorgan Chase & Co.’s $7.1 billion “London Whale” trading debacle? For those who have lost track, the derivatives trades resulted in losses of $6.2 billion plus an additional $920 million in fines -- so far.
2. Why Not Make Everyone Rich With $50 Minimum Wage?: Caroline Baum
Sept. 5 (Bloomberg) -- Last week, fast-food workers staged a one-day strike in 60 U.S. cities to demand a minimum wage of $15 an hour, more than double the current federal minimum of $7.25. The nationwide effort, “Fight for 15,” was organized by the Service Employees International Union.
3. Meet the New IPhones, Same as Old IPhones: Rich Jaroslovsky
Sept. 18 (Bloomberg) -- Ever since the launch of the first iPhone in 2007, Apple has introduced one new model a year.
4. Good Times Are Rolling Again in Hamptons: William D. Cohan
Sept. 11 (Bloomberg) -- The most disappointing fact about how little things have changed on Wall Street five years after the collapse of Lehman Brothers Holdings Inc. is not that the Dodd-Frank Act is ineffective.
5. Why Do We Even Care About Chemical Weapons in Syria?: Ezra Klein
Sept. 5 (Bloomberg) -- The United Nations estimates that more than 100,000 Syrians have died since the country’s civil war began in March 2011. More die every day. But the U.S. is not considering military action to save them.
1. Draghi Says Confidence Indicators Confirm Better Growth
Sept. 5 (Bloomberg) -- European Central Bank President Mario Draghi speaks at a news conference in Frankfurt about the decision to keep the benchmark interest rate unchanged at a record low of 0.5 percent for the fourth month.
2. Boomers Find They Need to Work to Support Retirement
Sept. 23 (Bloomberg) -- At the height of his corporate career Tom Palome was a vice president at Oral-B Laboratories, earning a salary in the low six-figures. Today the 77-year-old works two part-time jobs, at about $10 an hour, to support his retired lifestyle.
3. Bernanke Says Asset Purchases Aren’t on ‘Preset Course’
Sept. 18 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke speaks about the central bank’s asset purchases, interest rates and U.S. economic conditions.
4. Erdoes a ‘Force’ in Asset Management: Bloomberg Markets
Sept. 5 (Bloomberg) -- Bloomberg’s Dawn Kopecki talks about her profile of JPMorgan Chase & Co.’s asset management’s chief executive Mary Erdoes as part of Bloomberg Markets “50 Most Influential” list featured in the magazine’s October issue.
5. A Must-Have for Yachts: Personal Submarines
Sept. 26 (Bloomberg) -- There’s a new toy seeking a home among sailings super rich. The Monaco Yacht Show is featuring the launch of personal submarines.
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