Business

Apple Earnings Will Tell Us Whether to Expect Happy Holidays or a Long Winter

Apple will unwrap its outlook for the holiday shopping season on Tuesday, and analysts expect growth—just nothing on par with last year’s bonanza. The holiday quarter is projected to bring Apple sales of $77 billion and profit of $18.1 billion, or $3.22 a share, according to data compiled by Bloomberg. That would work out to sales growth of 3.4 percent, ...

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Yellen, consensus-builder, needs to send strong signal at Fed meet

Federal Reserve Chair Janet Yellen, praised as an adept listener and consensus builder, may need to adopt a stronger tone at this week’s policy meeting if she expects to keep a December interest rate rise in play. Yellen’s inclusive style has been tested recently by two fellow governors who publicly appeared to disagree with her view, shared by Vice Chair ...

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U.S. housing, jobs data point to fairly strong economy

U.S. home resales rebounded strongly in September and new applications for unemployment benefits hovered around 42-year lows last week, pointing at solid domestic fundamentals even as the global economy falters. Thursday’s upbeat housing and labor market reports could keep the door open to an interest rate hike from the Federal Reserve by the end of the year. “The market has ...

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Euro zone inflation, U.S. jobs set to dominate

Euro zone inflation and U.S. jobs data will offer clues to the health of major developed economies in the coming week while the malaise gripping emerging markets is expected to prompt India to cut interest rates. China may release monthly foreign exchange reserve data indicating how much more the central bank has spent on steadying the yuan following Aug. 11’s ...

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China Outbound Investment Expands as Nation Boosts Global Clout

China’s long-term outbound investment is catching up with inbound foreign investment, bringing the country closer to becoming a net exporter of funds as it boosts its global economic clout. Outbound investment in yuan terms jumped 29.2 percent in the first half from a year earlier, dwarfing the 8.3 percent gain in foreign direct investment inflows, the Ministry of Commerce said ...

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Tilson Discusses $0 Price Target for Lumber Liquidators (Audio)

(Bloomberg) — Whitney Tilson, managing partner at Kase Capital, says he has a price target for Lumber Liquidators Holdings Inc. of $0 a share as a “60 Minutes” report accused the company of selling Chinese-made flooring with illegal levels of formaldehyde. Tilson speaks with Bloomberg’s Carol Massar and Michael McKee on Bloomberg Radio’s “Taking Stock” on Mar. 2. Source: Bloomberg

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Orr Says Detroit Recovery ‘Only Way Possible’ (Audio)

(Bloomberg) — Kevyn Orr, former Detroit emergency city manager, discusses the need for qualified workers in Detroit as a part of the city’s turnaround. Orr speaks with Bloomberg’s Carol Massar and Michael McKee on Bloomberg Radio’s “Taking Stock” on Feb. 23 from the M&A Advisor 2015 Distressed Investing Summit in Palm Beach, FL. Source: Bloomberg

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Clark Says Ethics Important to Millennials (Audio)

(Bloomberg) — Cynthia Clark, management professor at Bentley University, discusses millennials’ response to being taught ethics. Clark speaks with Bloomberg’s Carol Massar and Michael McKee on Bloomberg Radio’s “Taking Stock” on Feb 20. Bentley University is a strategic partner of Bloomberg Radio, Gloria Larson, president of Bentley University also particpates in the conversation. Source: Bloomberg

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Nicholas Carlson Says ‘Fight is on’ for Yahoo! (Audio)

Jan. 9 (Bloomberg) — Nicholas Carlson, author of “Marissa Mayer and the Fight to Save Yahoo!”, discusses activist investor Starboard Value LP intensifying pressure on Yahoo! Inc. urging Chief Executive Officer Marissa Mayer to disclose her plans for assets such as a stake in Alibaba Group Holding Ltd. Carlson speaks with Bloomberg’s Carol Massar and Michael McKee on Bloomberg Radio’s ...

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