Most Read on Bloomberg: Twitter, SAC, Pimco Wager, Payrolls JumpAudrey Barker
The following list comprises the of the most-read stories. Lists are based on daily statistics through Friday, Nov. 8.
Nov. 7 (Bloomberg) -- Twitter Inc. jumped 73 percent in its trading debut, as investors paid a premium for its promises of fast growth.
Nov. 5 (Bloomberg) -- Billionaire Steven A. Cohen’s SAC Capital Advisors LP, the hedge fund accused of fostering a culture of rampant insider trading, has agreed to plead guilty Nov. 8 to securities fraud and wire fraud, pay a record $1.8 billion and shutter its investment advisory business.
Nov. 8 (Bloomberg) -- Pacific Investment Management Co. is wagering at least $10 billion in the credit-default swaps market that U.S. corporate bonds will gain as the Federal Reserve extends unprecedented stimulus into 2014, according to traders and investors.
Nov. 8 (Bloomberg) -- American employers added more workers to payrolls in October than forecast by economists, betting that the world’s largest economy would weather the impact of the federal government shutdown.
Nov. 7 (Bloomberg) -- U.S. stocks and commodities slid as faster economic growth spurred concern the Federal Reserve will scale back stimulus sooner than expected, while Twitter Inc. surged in its trading debut. The euro fell, while the region’s bonds rose, as the European Central Bank cut interest rates.
Nov. 5 (Bloomberg) -- A degree from an elite academic school can make a player a magnet for bullying from teammates in the National Football League, according to a former Harvard University linebacker who spent seven seasons in the NFL.
Nov. 7 (Bloomberg) -- The European Central Bank cut its benchmark interest rate to a record low after a drop in inflation to the slowest pace in four years threatened its mission to keep prices stable.
Nov. 5 (Bloomberg) -- Goldman Sachs Group Inc., JPMorgan Chase & Co. and Bank of America Corp. are among Wall Street firms still catering to SAC Capital Advisors LP after the hedge fund agreed to plead guilty to insider trading charges.
Nov. 4 (Bloomberg) -- BlackBerry Ltd., coping with the collapse of a $4.7 billion buyout by Fairfax Financial Holdings Ltd., will raise $1 billion in convertible bonds and seek a new chief executive officer for the struggling company.
Nov. 5 (Bloomberg) -- Credit Suisse Group AG, the second-biggest Swiss bank, plans to eliminate about 50 jobs in its fixed-income department in New York, two people with knowledge of the matter said.
Nov. 7 (Bloomberg) -- It seems almost laughable for a country that can’t keep its government up and running to criticize other nations, but that’s what the U.S. Treasury did last week in its semiannual report on International Economic and Exchange Rate Policies.
Nov. 4 (Bloomberg) -- One of the first people I’ll want to hear from now that SAC Capital Advisors LP has agreed to plead guilty to securities fraud is Gary Cohn, the president and chief operating officer of Goldman Sachs Group Inc.
Nov. 6 (Bloomberg) -- Dan Loeb, the billionaire founder and principal owner of Third Point LLC, the $14 billion activist hedge fund, has made about $1 billion for himself and his investors from a two-year crusade to increase Yahoo! Inc.’s stock price. He’s been extraordinarily successful; the shares trade for about $33 these days, up from about $13.50 when Loeb started buying them in September 2011.
Nov. 4 (Bloomberg) -- An obsession with nuclear power makes many political elites secretive, ruthless and delusional, even as their cherished projects threaten millions of people with disaster. But the egregious examples I have in mind here aren’t Iran, Pakistan and North Korea. They are Japan and India, two countries with democratic institutions.
Nov. 5 (Bloomberg) -- The blog of New York Times columnist Paul Krugman recently featured a chart plotting the U.K.’s ratio of government debt to gross domestic product against the nominal yield on long-term government bonds from about 1700 to the present.
Nov. 7 (Bloomberg) -- European Central Bank President
Mario Draghi speaks at his monthly news conference in Frankfurt about the decision to cut the benchmark interest rate to a
record low of 0.25 percent and the risk of low inflation in the euro area.
Nov. 5 (Bloomberg) -- At 16, Edward Morrow is a rising
basketball star at Chicago’s Simeon Career Academy, the South
Side high school that produced guard Derrick Rose of the
National Basketball Association’s Chicago Bulls and the No. 2
college recruit last season, Duke University’s Jabari Parker.
Nov. 4 (Bloomberg) -- Houston Texans coach Gary Kubiak
collapses while leaving the field at halftime of the Texans’
27-24 loss to the Indianapolis Colts last night.
Nov. 5 (Bloomberg) -- Eugene Lee, a National Football
League player agent, talks with Bloomberg’s Eben Novy-Williams
about allegations involving the harassment of Miami Dolphins
offensive linesman Jonathan Martin by teammate Richie Incognito.
Nov. 7 (Bloomberg) -- The 2014 Cadillac CTS luxury sedan
is seen in a promotional video from General Motors Co.