Most Read on Bloomberg: Bonuses, Billionaire, Goldman, S&P 500Audrey Barker
The following list comprises the of the most-read stories. Lists are based on daily statistics through Friday, Nov. 15.
Nov. 13 (Bloomberg) -- Compensation for Wall Street’s equities salesmen and traders is expected to rise in 2013, while total pay for employees in fixed-income units may drop 10 percent, according to recruitment firm Options Group Inc.
Nov. 14 (Bloomberg) -– Vera Guerin, whose late father Nathan Shapell survived two Nazi concentration camps and became one of California’s largest property developers, emerged as a billionaire last week after Toll Brothers Inc. agreed to buy her family’s Shapell Industries Inc.’s homebuilding business for $1.6 billion.
Nov. 13 (Bloomberg) -- Goldman Sachs Group Inc., the fifth-biggest U.S. bank by assets, promoted 280 employees to managing director, up from 266 last year, as it begins making the selections every two years instead of annually.
Nov. 13 (Bloomberg) -- U.S. stocks rose, with the Standard & Poor’s 500 Index climbing to a record, as retailers led gains amid optimism over the holiday shopping season. Treasuries extended their advance after Janet Yellen said the American economy must improve before cuts to monetary stimulus.
Nov. 12 (Bloomberg) -- The first skyscraper at lower Manhattan’s World Trade Center is set to open with two days of ceremonies to mark the renewal of the area after its destruction by terrorists. When the fanfare subsides, the task will be filling the 40 percent of the tower that’s empty.
Nov. 15 (Bloomberg) -- Moody’s Investors Service cut its ratings on four of the biggest U.S. banks after deciding the government would be less likely to help them repay creditors in a crisis.
Nov. 11 (Bloomberg) -- Apple Inc. is developing new iPhone designs including bigger screens with curved glass and enhanced sensors that can detect different levels of pressure, said a person familiar with the plans.
Nov. 14 (Bloomberg) --Janet Yellen, nominated to be the next chairman of the Federal Reserve, signaled she will carry on the central bank’s unprecedented stimulus until she sees improvement in an economy that’s operating well below potential.
Nov. 13 (Bloomberg) -- Janet Yellen, nominated to be the next chairman of the Federal Reserve, said the economy and labor market are performing “far short of their potential” and must improve before the Fed can begin reducing monetary stimulus.
Nov. 14 (Bloomberg) -- At last week’s U.S. PGA Tour event along the Georgia coast, players were treated to a Southern lunch of fried chicken, black-eyed peas and collard greens at Sea Island Resort.
Nov. 15 (Bloomberg) -- Tesla Motors Inc. shareholders have had much to fret about lately, from a nosebleed valuation and sagging stock price to periodic YouTube videos of exploding Tesla electric cars. Here’s another one for the list: Sometimes Tesla acts like it doesn’t know what it’s doing when it comes to financial reporting.
Nov. 12 (Bloomberg) -- Kate Orff wants to grow oysters in New York’s Jamaica Bay. Not for you to eat, but to save the shore from mighty storms.
Nov. 11 (Bloomberg) -- Last year, shortly after the excellent James Bond film “Skyfall” was released, I asserted in a column that an anagram at the heart of the film suggested that a critical subplot had been left on the cutting-room floor. I received several e-mails asking why I hadn’t disclosed what I thought I knew. The answer is that I couldn’t explain the anagram without including several spoilers. Now that a year has passed since the U.S. opening (November 9, 2012), I suppose it’s time to explain what I meant. (Warning: Those aforementioned spoilers are below!)
Nov. 14 (Bloomberg) -- When the same company controls the hardware, software and services, it’s called “owning the stack.” And no one does it like Apple.
Nov. 14 (Bloomberg) -- Every time I see references in academic papers to “fiscal dominance,” I envision a gigantic dominatrix, whip in hand, staring down at the world.
Nov. 14 (Bloomberg) – Janet Yellen, the nominee for chairman of the Federal Reserve, speaks about the central bank’s monetary stimulus, the U.S. economy and financial regulation at her confirmation hearing before the Senate Banking Committee. (This is Yellen’s prepared statement. Source: Bloomberg)
Nov. 14 (Bloomberg) -– Vera Guerin, whose late father Nathan Shapell survived Nazi concentration camps and became one of California’s largest property developers, emerged as a billionaire last week after Toll Brothers Inc. agreed to buy her family’s Shapell Industries Inc.’s homebuilding business for $1.6 billion. Bloomberg’s Peter Newcomb reports.
Nov. 12 (Bloomberg) -- Dara McQuillan of Silverstein Properties Inc. talks with Bloomberg’s David Levitt about the construction of 4 World Trade Center in New York’s lower Manhattan, as the renewal of the area continues 12 years after the 9/11 terrorist attacks.
Nov. 14 (Bloomberg) -- The Mercedes-Benz SLS AMG Black Series coupe is seen in a promotional video from Mercedes-Benz USA.
Nov. 14 (Bloomberg) -- Jeff King, a professional caddie and founder of Kingmade Jerky, talks with Bloomberg’s Mike Buteau about starting a high-end snack food business based on his personal recipe.