Most Read on Bloomberg: Stocks Fall, Traders Charged, AckmanAudrey Barker
The following list comprises the of the most-read stories. Lists are based on daily statistics through Friday, Aug. 16.
Aug. 15 (Bloomberg) -- Stocks tumbled, with European shares snapping a five-day rally and U.S. benchmark indexes reaching one-month lows, as improving economic data triggered losses in government bonds that sent Treasury yields to two-year highs. Oil, gold and silver rallied.
Aug. 14 (Bloomberg) -- Two former JPMorgan Chase & Co. employees were charged by federal prosecutors with attempting to conceal trading losses at the largest U.S. bank last year as part of a probe of its $6.2 billion loss on derivatives bets.
Aug. 13 (Bloomberg) -- Bill Ackman resigned from J.C. Penney Co.’s board after sparring publicly with fellow directors over how to reverse the sales slump that’s dragged down the stock and left him with more than $700 million in potential losses on his stake in the department-store chain.
Aug. 17 (Bloomberg) -- The biggest swing in China’s benchmark equity index since 2009 threatens to further erode confidence in the nation’s stock market after it lost more money for investors than any in the world during the past four years.
Aug. 14 (Bloomberg) -- Jason Dufner’s PGA Championship victory fortified his plan to retire from golf in the next few years, if his wife doesn’t insist he keep working.
Aug. 13 (Bloomberg) -- Bruno Iksil, the former JPMorgan Chase & Co. trader whose bets caused more than $6.2 billion in losses last year, is now central to any U.S. charges against his former colleagues.
Aug. 12 (Bloomberg) -- The U.S. may announce charges as early as this week against former London-based JPMorgan Chase & Co. employees related to allegations they tried to conceal losses last year, a person familiar with the matter said.
Aug. 16 (Bloomberg) -- Steven Cohen’s $14 billion SAC Capital Advisors LP, which last month was indicted by the government as a “veritable magnet for market cheaters,” has refused clients’ requests that the firm speed up payouts on the billions of dollars earmarked for withdrawals, according to three people familiar with the discussions.
Aug. 12 (Bloomberg) -- BlackBerry Ltd., the struggling Canadian smartphone maker, is considering putting itself up for sale after the lackluster debut of the BlackBerry 10 lineup dimmed its prospects as an independent company.
Aug. 16 (Bloomberg) -- Merrill Lynch & Co., the 99-year-old firm known for its “thundering herd” of brokers pitching stocks to Main Street, may cease to exist as a legal entity more than four years after being acquired by Bank of America Corp.
Aug. 15 (Bloomberg) -- It’s good that Milton Friedman is dead, because for the past week Paul Krugman has been trying to kill him off and discredit his monetarist theories.
Aug. 13 (Bloomberg) -- An odd puzzle is taking shape in the labor market: Over the past three years, the number of job openings has risen almost 50 percent, but actual hiring has gone up by less than 5 percent. Companies are advertising a lot more jobs, in other words, but not filling them.
Aug. 16 (Bloomberg) -- Haruhiko Kuroda doesn’t wear a wizard’s hat when he arrives at Bank of Japan headquarters each morning. Once inside, I do wonder if he dons a cloak, waves a magic wand and concocts mysterious potions.
Aug. 15 (Bloomberg) -- File these under “solutions to problems you didn’t know you had.”
Aug. 12 (Bloomberg) -- The Justice Department made a long-overdue disclosure late Friday: Last year when U.S. Attorney General Eric Holder boasted about the successes that a high-profile task force racked up pursuing mortgage fraud, the numbers he trumpeted were grossly overstated.
Aug. 15 (Bloomberg) -- The 2014 BMW M6 Gran Coupe is seen in a promotional video from BMW of North America LLC.
Aug. 14 (Bloomberg) -- John Chambers, chief executive officer of Cisco Systems Inc., Frank Calderoni, chief financial officer, Rob Lloyd, president for development and sales, and Gary Moore, chief operating officer, speak on a teleconference about the company’s fiscal fourth-quarter earnings and first-quarter forecast.
Aug. 13 (Bloomberg) -- A man died at Turner Field in Atlanta after falling from the upper deck before last night’s Major League Baseball game between the Braves and Philadelphia Phillies, police said.
Aug. 12 (Bloomberg) -- Jason Dufner won golf’s PGA Championship by two strokes yesterday for his first major title, two years after he lost in a playoff to Keegan Bradley at the same tournament.
Aug. 14 (Bloomberg) -- United Parcel Service Inc. said a cargo jet crashed and exploded early today while approaching the airport in Birmingham, Alabama.