Most Read on Bloomberg: El-Erian Bows Out, Stocks Keep Tumbling

The following list comprises the of the most-read stories.

Lists are based on daily statistics through Friday.


1. Gross Heir Apparent El-Erian Quits as Pimco Sees Redemptions

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.

2. Shocked Gross Told El-Erian ‘Hell No’ Seeking to Stop Departure

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.”

3. Stocks Fall as Slide in Emerging Markets Sends Bonds, Yen Higher

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.

4. U.S. Stocks Tumble as Treasuries Rise With Gold After China Data

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.

5. Buffett Leans on 29-Year-Old Cool to Oversee Problem Children

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.

6. Deutsche Bank Foresees Challenging 2014 After Surprise Loss

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.

7. Credit Suisse Bonuses to Include Bonds That Can Be Wiped Out

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.

8. Contagion Spreads in Emerging Markets as Crises Grow: Currencies

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.

9. Sandberg Becomes One of Youngest Billionaires in the World

Jan. 22 (Bloomberg) -- Sheryl Sandberg’s fortune surpassed $1 billion yesterday after Facebook Inc. closed at a record.

10. Buffett Backs $1 Billion Prize for Quicken Loans in NCAA Bet

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.


1. Dad, Someday Can I Grow Up to Be Too Big to Fail?: Jonathan Weil

Jan. 23 (Bloomberg) -- Now I understand what it means to reach the pinnacle of achievement as an American investor.

2. Is Obama Right About Pot and Alcohol? Yes and No: Stephen Mihm

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.”

3. Prosecutors Pulled Punches, Wall Street Walked: William D. Cohan

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.

4. Robert Rubin Has Weird Notions About Accounting: Jonathan Weil

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.

5. Why Gandhi Heir Could Lose More Than a Throne: Hartosh Singh Bal

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


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