April 27 (Bloomberg) -- The following list comprises the most-read Bloomberg News reports from the past week.
To read any article, click on the story links shown below or go to READ 1W <GO>. See NI READSUMS <GO> for previous lists of the most-read stories. Lists are based on daily statistics through Friday, April 25.
1. Wall Street Bond Dealers Whipsawed on Bearish Treasuries Bet
April 21 (Bloomberg) -- Betting against U.S. government debt this year is turning out to be a fool’s errand. Just ask Wall Street’s biggest bond dealers.
2. General Electric Said in Talks to Purchase France’s Alstom
April 24 (Bloomberg) -- General Electric Co. is in talks to buy Alstom SA, the French builder of power plants and transmission gear, people with knowledge of the matter said, in what would be GE’s biggest acquisition ever.
3. Goldman, UBS Alumni Redefine Boutique as Tiny Firms Gain
April 23 (Bloomberg) -- The townhouse in London’s Mayfair neighborhood where Michael and Yoel Zaoui have their offices is much more modest than the sprawling financial-district headquarters where they spent most of their careers.
4. Putin Warns of Consequences as Ukraine Steps Up Eastern Push
April 24 (Bloomberg) -- President Vladimir Putin warned Ukraine against continuing its anti-separatist offensive after government troops killed five rebels and prompted Russia’s military to begin new drills on the two nations’ border.
5. Barclays May Cut 7,500 Investment Bank Jobs, Bernstein Says
April 23 (Bloomberg) -- Barclays Plc, the U.K.’s second-largest bank by assets, could eliminate 7,500 jobs at its investment bank to improve returns at its securities unit, according to a report by Sanford C. Bernstein.
6. Nasdaq Composite Slides as Amazon Tumbles; Bonds Rise on Russia
April 25 (Bloomberg) -- The Nasdaq Composite Index tumbled the most in two weeks amid concern earnings growth is too slow to justify U.S. equity valuations. Emerging-market stocks slumped and Treasuries climbed as tension increased over Russia.
7. Ex-Barclays Executive Rudloff Sees ‘Golden Decade’ for Banking
April 22 (Bloomberg) -- The world’s securities firms are poised for 10 years of growth, according to Hans-Joerg Rudloff, the former chairman of that business at Barclays Plc.
8. JPGoldman Stanley Intact as Basel Change Leaves Banks Entwined
April 22 (Bloomberg) -- The largest U.S. banks can remain entangled with each other now that global regulators have loosened proposed limits on the financial web that led to investor panic in 2008 and prompted bailouts.
9. Hamptons Home Sales Surge as Wall Street Bonuses Fuel Price Jump
April 24 (Bloomberg) -- Home sales in New York’s Hamptons, the beach retreat for financiers and celebrities, surged in the first quarter as stock-market gains and fatter Wall Street bonuses fueled demand for luxury properties.
10. El-Erian Says Pimco’s Gross Is One of World’s Best Investors
April 23 (Bloomberg) -- Mohamed El-Erian, who quit Pacific Investment Management Co. in January amid reports of clashes with Bill Gross, said the legendary bond manager is still one of the world’s great investors.
1. Don’t Buy the Hype on Alibaba’s Big IPO: William Pesek
April 21 (Bloomberg View) -- Alibaba Group Holding Ltd.’s coming initial public offering is being heralded as a victory for Wall Street, which appears to have lured the Chinese e-commerce giant away from a Hong Kong listing. In fact, the real winner may be Silicon Valley.
2. Why Give Ackman 10 Days to Reveal His Intentions?: Jonathan Weil
April 22 (Bloomberg View) -- Bill Ackman’s hedge fund, Pershing Square Capital Management LP, acquired 9.7 percent of Allergan Inc. in less than two months without having to disclose this fact until yesterday. Is there something wrong with that?
3. Hedge Fund Guy Amplifies China’s Hong Kong Crisis: William Pesek
April 23 (Bloomberg View) -- In a decidedly odd twist of fate, Hong Kong’s version of the “Occupy Wall Street” movement has just been thrown a lifeline by a bunch of bankers, whose wealth the movement is meant to abhor. That strange fact alone should give leaders in Beijing pause.
4. Krugman’s Turning-Japanese Spat Serves a Purpose: William Pesek
April 24 (Bloomberg View) -- As New York Times columnist Paul Krugman recently reminded readers, the dirtiest word an economist can call you is “Japanese.”
5. Obama Isn’t Getting Through With the Good News: Albert R. Hunt
April 20 (Bloomberg View) -- Here’s a bit of good news for nervous Democrats: President Barack Obama’s health-care law isn’t going to be the albatross many feared it would be in this year’s congressional elections. Enrollment has soared, and the Congressional Budget Office estimates that the program will cost less than initially projected and that premiums will rise only slightly this year.
1. Yankees Pitcher Faces Suspension for Pine Tar on Neck (Video)
April 24 (Bloomberg) -- New York Yankees pitcher Michael Pineda faces a suspension after being ejected from last night’s game at the Boston Red Sox for having pine tar on his neck. (Source: MLB/ESPN)
2. Tsunami-Proof Pod Made By Silicon Valley Entrepreneur (Video)
April 22 (Bloomberg) -- Chris Robinson, a Silicon Valley entrepreneur, has never built a boat before and he admits that a tidal wave most likely will not hit his home in Palo Alto. He has spent the past two years building a 22-foot-long, 8.5-foot-high, 10-foot wide tsunami-proof pod made of plywood and epoxy in his backyard. (Source: Bloomberg)
3. Abe Says Japan Will Continue TPP Trade Talks With U.S. (Video)
April 24 (Bloomberg) -- U.S. President Barack Obama and Japanese Prime Minister Shinzo Abe speak about the prospects for the countries’ defense cooperation and negotiations over the Trans-Pacific Partnership free trade proposal.
They spoke at a news conference in Tokyo. (Abe’s remarks are in Japanese. Source: APTN)
4. El-Erian: Bill Gross Is One of World’s Best Investors
April 23 (Bloomberg) -- Bloomberg View Columnist and Former Pimco Co-CEO Mohamed El-Erian discusses his relationship with Pimco Managing Director Bill Gross on Bloomberg Television’s “In The Loop.”
5. Draghi Says Weaker Inflation Could Trigger Asset Buying (Audio)
April 24 (Bloomberg) -- European Central Bank President Mario Draghi speaks in Amsterdam about central bank transparency, its price stability mandate and triggers for a broader asset-purchase program. (Source: Bloomberg)
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