Most Read on Bloomberg: Goldman, Shrinking Pay, FX Dealers, Fed
The following list comprises the most-read Bloomberg News reports from the past week.
1. Goldman Pushes Junior Investment Bankers to Take Weekends Off
Oct. 29 (Bloomberg) -- Goldman Sachs Group Inc., this year’s top merger adviser, is discouraging investment banking analysts from working weekends as it overhauls demands placed on entry-level employees and the support they receive.
2. Goldman Shrinking Pay Shows Wall Street Set for Bonus Gloom
Oct. 31 (Bloomberg) -- Goldman Sachs Group Inc., which set Wall Street pay records when stocks surged and cheap credit abounded in 2007, is again leading the industry as markets boom anew: putting aside less money for staff and more for investors.
3. Citigroup, JPMorgan Said to Put Senior Currency Dealers on Leave
Oct. 31 (Bloomberg) -- Citigroup Inc. and JPMorgan Chase & Co. are putting their top London currency dealers on leave after regulators probing the manipulation of foreign-exchange rates started investigating the traders’ use of an instant-message group, three people with knowledge of the moves said.
4. Fed Keeps $85 Billion QE Pace Awaiting Signs Growth Picks Up
Oct. 30 (Bloomberg) -- The Federal Reserve decided to press on with $85 billion in monthly bond purchases, saying it needs to see more evidence that the economy will continue to improve.
5. Sally Dawson, Deutsche Bank Debt Executive in London, Dies at 39
Oct. 29 (Bloomberg) -- Sally Dawson, a Deutsche Bank AG executive in London who specialized in high-yield and distressed-debt sales, has died. She was 39.
6. Deutsche Bank Profit Slumps 94% on 1.2 Billion-Euro Charge
Oct. 29 (Bloomberg) -- Deutsche Bank AG, Europe’s largest investment bank by revenue, said third-quarter profit slid 94 percent after it set aside 1.2 billion euros ($1.65 billion) to cover potential legal costs and income from debt trading fell.
7. Insurance Policies Are Canceled in New Hurdle for Obamacare
Oct. 29 (Bloomberg) -- The Obamacare rollout is leading to the cancellation of hundreds of thousands of health insurance plans nationwide, contradicting President Barack Obama’s repeated pledge that people who like their coverage can keep it.
8. Barclays Said to Suspend Chief FX Dealer Ashton Amid Probe
Nov. 1 (Bloomberg) -- Barclays Plc has suspended three currency traders, including a chief dealer in London, amid a probe into potential foreign-exchange manipulation, according to a person with knowledge of the decision.
9. Citigroup Currency Staff Work London Evenings on Dodd-Frank
Oct. 28 (Bloomberg) -- For the foreign-exchange sales team in Citigroup Inc.’s London office, Dodd-Frank regulations mean extra hours at work.
10. U.S. Stocks Fall With Gold, Treasuries on Fed Policy Statement
Oct. 30 (Bloomberg) -- The Standard & Poor’s 500 Index fell for the first time in five days and gold and Treasuries dropped, while the dollar reversed earlier declines, as the Federal Reserve fueled speculation it will begin to slow the pace of stimulus in coming months.
1. Apple’s New IPad Is Slimmed Down, Speeded Up: Rich Jaroslovsky
Oct. 30 (Bloomberg) -- Apple calls the latest version of its full-sized tablet the iPad Air, which is a better name than “iPad Semi Mini.”
2. If Fed Can’t Get Good Numbers, Check the Leaders: Caroline Baum
Oct. 31 (Bloomberg) -- Financial markets have become increasingly dependent on the Federal Reserve. The Fed is dependent on data (just in case you didn’t know). The data for the next few months will be distorted by the federal government shutdown during the first half of October. So what’s a responsible policy maker or investor to do to get a handle on how the U.S. economy is faring?
3. China Mimics the Worst of Abenomics at Worst Time: William Pesek
Oct. 29 (Bloomberg) -- If imitation really is the greatest form of flattery, Shinzo Abe should be thrilled the Chinese are copying his “Abenomics” strategy to excite investors. The rest of the world shouldn’t be.
4. Federal Reserve’s Bubble Alarm Is Stuck on Snooze: Jonathan Weil
Nov. 1 (Bloomberg) -- The Federal Reserve’s policy of unrestrained quantitative easing has worked like rocket fuel for U.S. stocks this year. Case in point: Rocket Fuel Inc.
5. Edward Snowden Has Japan Copying China’s Playbook: William Pesek
Nov. 1 (Bloomberg) -- Shinzo Abe is so obsessed with China eclipsing Japan on the global stage that he’s adopting some of his neighbor’s policies. What else can we say about the secrecy law the prime minister’s cabinet approved on Oct. 25, an act that would do so much to undermine and constrain his people’s right to know?
1. Rocker Lou Reed Dies at 71, Sales of Songs May Surge
Oct. 28 (Bloomberg) -- Lou Reed, a New York-based rock musician who co-founded the Velvet Underground and wrote and sang “Walk on the Wild Side,” has died at the age of 71. Mark Beech reports with Francine Lacqua on Bloomberg Television’s “The Pulse.”
2. Sebelius Apologizes for Obamacare Website Problems
Oct. 30 (Bloomberg) -- U.S. Health and Human Services Secretary Kathleen Sebelius testifies before the House Energy and Commerce Committee in Washington about problems with healthcare.gov, the federal health-insurance exchange website.
3. Red Sox Beat Cardinals 6-1 for Third World Series Title
Oct. 31 (Bloomberg) -- The Boston Red Sox won their third World Series title in the last decade with a 6-1 defeat of the St. Louis Cardinals, wrapping up a championship at home for the first time in 95 years.
4. New Apple IPad Is Slimmed Down, Speeded Up: Rich Jaroslovsky
Oct. 30 (Bloomberg) -- Bloomberg’s Rich Jaroslovsky reviews Apple Inc.’s iPad Air, the latest version of its full-sized tablet.
5. Cook Says Apple Is Exploring New Product Categories
Oct. 28 (Bloomberg) -- Tim Cook, chief executive officer of Apple Inc., and Peter Oppenheimer, chief financial officer, speak on a teleconference about the company’s fiscal fourth-quarter results and first-quarter forecast.
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