The following list comprises the of the most-read stories.
Lists are based on daily statistics through Friday.
Jan. 22 (Bloomberg) -- Mohamed El-Erian, widely viewed as the successor to Pacific Investment Management Co.’s Bill Gross, resigned after six years as the firm struggles to stem record redemptions from the world’s largest bond fund.
Jan. 23 (Bloomberg) -- When Mohamed El-Erian first told Bill Gross several weeks ago that he wanted to leave to “recharge the batteries,” the co-founder of Pacific Investment Management Co. was “shocked” and “discouraged.”
Jan. 24 (Bloomberg) -- Global stocks tumbled the most since June, as the biggest drop in emerging markets in two months prompted investors to seek havens in Treasuries, German bunds and yen. Natural gas reached a three-year high.
Jan. 23 (Bloomberg) -- U.S. stocks slumped, with the Dow Jones Industrial Average sliding to the lowest close in a month, while Treasuries rose after a gauge signaled contraction in Chinese manufacturing. Emerging-markets equities slipped and the dollar retreated while gold and natural gas climbed.
Jan. 22 (Bloomberg) -- When Warren Buffett bought half of a commercial mortgage finance company in 2009, he hired a 25-year-old fresh out of business school to keep tabs on the investment.
Jan. 20 (Bloomberg) -- Deutsche Bank AG, Germany’s biggest bank, said this year will be challenging after a surge in legal costs and lower debt trading revenue spurred a surprise fourth-quarter loss. The shares slumped.
Jan. 24 (Bloomberg) -- Credit Suisse Group AG, the second-largest Swiss bank, is paying part of 2013 bonuses to top employees in bonds that can be wiped out if the firm fails to maintain enough capital.
Jan. 24 (Bloomberg) -- The worst selloff in emerging-market currencies in five years is beginning to reveal the extent of the fallout from the Federal Reserve’s tapering of monetary stimulus, compounded by political and financial instability.
Jan. 22 (Bloomberg) -- Sheryl Sandberg’s fortune surpassed $1 billion yesterday after Facebook Inc. closed at a record.
Jan. 21 (Bloomberg) -- Warren Buffett’s Berkshire Hathaway Inc. is backing a $1 billion prize offered by Quicken Loans Inc. if a contestant predicts the winner of each game in the National Collegiate Athletic Association’s men’s basketball tournament.
Jan. 23 (Bloomberg) -- Now I understand what it means to reach the pinnacle of achievement as an American investor.
Jan. 24 (Bloomberg) -- President Barack Obama recently took some heat for saying that marijuana is no worse than alcohol, and perhaps less dangerous “in terms of its impact on the individual consumer.”
Jan. 22 (Bloomberg) -- One of the most disturbing realities of the 2008 financial crisis is that no Wall Street executives have been held accountable. After searching more than five years for the reason some people have gotten away with the financial equivalent of murder, I think I have finally figured it out: It’s the revolving door, stupid.
Jan. 21 (Bloomberg) -- Robert Rubin, the former Treasury secretary and one-time chairman of Citigroup Inc.’s executive committee, has put forth an odd idea for new accounting standards. Speaking last week at a conference on climate change, he said that companies should be required to include environmental costs that they impose on the rest of society as expenses in their own earnings reports.
Jan. 20 (Bloomberg) -- Rahul Gandhi’s friends seem to have no more confidence in him than his enemies do. Although he is the unquestioned heir apparent of India’s storied Congress Party, and will lead its election campaign this spring, the party last week refrained from anointing him or anyone else as its official candidate for prime minister.
1. Canada Keeps 1% Key Rate, Future Moves Depend on Data
Jan. 22 (Bloomberg) -- Bank of Canada Governor Stephen
Poloz and Senior Deputy Governor Tiff Macklem speak at a news
conference in Ottawa about the nation’s economy and the central bank’s Monetary Policy Report.
2. Winter Storm Disrupts Northeast Commutes With Snow, Ice
Jan. 22 (Bloomberg) -- A winter storm that grounded
thousands of flights and made traveling treacherous last night
will wind down along the U.S. East Coast today and turn toward
the Canadian Maritimes.
3. Buffett Grooms New Leaders Including 29-Year-Old Protege
Jan. 22 (Bloomberg) -- Former Martha Stewart Living
Omnimedia CEO Lisa Gersh discusses the new leadership Warren Buffett is grooming for Berkshire Hathaway including 29-year-old Tracy Britt Cool.
4. Goldman’s Matsui Says Womenomics Key to Abe Growth Plan
Jan. 22 (Bloomberg) -- Kathy Matsui, chief Japan
strategist and co-head of economics, commodities and strategy
(ECS) research in Asia for Goldman Sachs Group Inc., talks
about her career and interest in gender issues that is at the
core of her research into “Womenomics.”
5. Pimco’s El-Erian Resigns, Hodge to Take CEO Role
Jan. 21 (Bloomberg) –- Bloomberg’s Julie Hyman reports
on Mohammed El-Erian resigning as head of bond-fund manager