Most Read on Bloomberg: Barclays, Young Bankers, Apple, YellenAudrey Barker
The following list comprises the of the most-read stories. Lists are based on daily statistics through Friday, May 9.
May 8 (Bloomberg) -- Barclays Plc, under pressure to boost returns, will eliminate 7,000 jobs at its investment bank, about a quarter of the total, and signaled its effort to build a global bank is over.
May 9 (Bloomberg) -- It was a Friday in the fall of 2004 and Umber Ahmad had been invited to read a poem at the wedding of one of her closest friends. She was planning to catch a 7 p.m. flight from New York to Toronto when a vice president at Morgan Stanley called her in. The client in a big merger deal needed work done over the weekend. A mergers and acquisitions specialist, Ahmad had no choice. She canceled the flight and started revising her analysis of the deal, Bloomberg Markets magazine will report in its June issue.
May 6 (Bloomberg) -- Goldman Sachs Group Inc. partners Alison Mass and David Dase weren’t buying. The bankers stared skeptically at a glass of brownish liquid as a young man described a new technology for purifying even the filthiest water. The sample was safe to drink, he said, taking a sip.
May 9 (Bloomberg) -- Apple Inc. is close to striking a deal with Dr. Dre.
May 5 (Bloomberg) -- Barclays Plc, Credit Suisse Group AG and UBS AG will face questions this week about key banker departures, legal challenges and their efforts to boost profitability.
May 7 (Bloomberg) -- Federal Reserve Chair Janet Yellen made it clear she believes the economy still requires a strong dose of stimulus five years after the recession ended because unemployment and inflation are well short of the Fed’s goals.
May 5 (Bloomberg) -- In a world awash with U.S. government bonds, buyers of the longest-term Treasuries are facing a potential shortage of supply.
May 8 (Bloomberg) -- Deutsche Bank AG’s fixed-income business in New York hired seven traders and analysts from banks including Citigroup Inc. and Goldman Sachs Group Inc. as Wall Street firms adjust operations amid a revenue slump.
May 8 (Bloomberg) -- For many years, a Los Angeles psychoanalyst to the stars named Milton Wexler led the fight against Huntington’s disease, a rare and fatal congenital illness.
May 6 (Bloomberg) -- David Einhorn, manager of the $10 billion Greenlight Capital Inc., said he found a recent dinner conversation with former Federal Reserve Chairman Ben S. Bernanke scary.
May 6 (Bloomberg View) -- Does anybody really know why Twitter Inc.’s stock price fell 18 percent today? I, for one, do not.
May 5 (Bloomberg View) -- Just how effective are Bank of America Corp.’s accounting controls? It would be easy to say “not very” after the company’s disclosure last week of a $4 billion error in its calculation of regulatory capital.
May 6 (Bloomberg View) -- It’s nice to know that Jack Bauer hasn’t changed much.
May 7 (Bloomberg View) -- Yesterday, Alibaba Group Holding Ltd., China’s largest online retailer, filed the registration statement for its initial public offering. One of the risk factors it cites is the possibility that the Securities and Exchange Commission may suspend the mainland Chinese affiliate of its outside auditor, PricewaterhouseCoopers of Hong Kong.
May 9 (Bloomberg View) -- Proxy advisers, like anyone else, can get pretty emotional. Take Dominique Biedermann. He runs Ethos, the largest proxy adviser in Switzerland, which recently recommended that Credit Suisse Group AG shareholders reject the bank’s compensation plan.
May 8 (Bloomberg) -- European Central Bank President Mario Draghi speaks at a news conference in Brussels about the decision to leave the ECB’s main refinancing rate at a record low of 0.25 percent and the Governing Council’s “unanimous” commitment to using unconventional measures to cope with too prolonged a period of low inflation.
May 7 (Bloomberg) -- Federal Reserve Chair Janet Yellen testifies before the Joint Economic Committee of Congress in Washington about the outlook for the U.S. economy and labor market, and Fed policy.
May 6 (Bloomberg) -- David Einhorn, president of Greenlight Capital Inc., talks about technology stocks, investment strategy, and Federal Reserve policy.
May 8 (Bloomberg) -- Federal Reserve Chair Janet Yellen testifies before the Senate Banking Committee in Washington about the outlook for the U.S. economy and Fed policy.
May 6 (Bloomberg) -- Jeffrey Gundlach, chief executive officer of DoubleLine Capital LP, talks with Bloomberg News Editor-in-Chief Matthew Winkler about the U.S. economy, global financial markets, Federal Reserve policy and his investment strategy.