Friday, November 2, 2012


  • New York Marathon canceled, Bloomberg says

    NEW YORK - The New York Marathon will not be held Sunday, Mayor Michael Bloomberg said Friday, backtracking just a few hours after he defended the decision to hold it despite heavy criticism as the city struggles back from Superstorm Sandy.

  • Payrolls in U.S. Rise More Than Forecast; Jobless Rate Climbs

    American employers added more workers than forecast to payrolls in October and a rush of people entering the labor force pushed the jobless rate higher, according to the last report on the labor market before next week's presidential election.

  • Bloomberg: Villain of the Piece?

    Whoever the "lots" of Parker's imagination were, they're probably not thinking "President Bloomberg" now. In the past 24 hours, the story has changed dramatically, and Bloomberg has start to look like a villain in the piece. There are now serious ...

  • Bloomberg endorses Obama for a second term, climate change a focus

    (Reuters) - New York Mayor Michael Bloomberg on Thursday endorsed President Barack Obama for a second term, citing the importance of his record on climate change, particularly in the aftermath of the devastating blow dealt to the New York area by storm ...

  • Political News Roundup: Bloomberg and the Boss

    The second: avuncular billionaire and New York City mayor Michael Bloomberg, who published a begrudging endorsement of Barack Obama yesterday in Bloomberg View. (Good to see Michael Bloomberg getting a byline in Bloomberg View.) Citing ...

  • Bloomberg gives support to Obama

    Bloomberg gives support to Obama. A political panel debates whether Mayor Michael Bloomberg's endorsement will help or hurt Obama especially since he's under fire for continuing the NYC marathon this weekend.

  • Bloomberg should focus on NY not IE, Baca says

    Gloria Negrete McLeod, left, and Joe Baca, right, are both Democrats vying for the newly drawn 35th Congressional district. New York Mayor Michael Bloomberg's political PAC has donated more than $3 million to NEgrete McLeod's campaign including last ...

  • Natural Gas May Drop as Blackouts Cut Demnad, Survey Shows

    Natural gas futures may slide next week as blackouts caused by Sandy and moderating weather limit demand for the power-plant and heating fuel, a Bloomberg News survey showed. Nine of 17 analysts, or 53 percent, forecast that futures will decline on the ...

  • Bloomberg faces backlash over NYC marathon

    Mayor Michael Bloomberg speaks to the media at Seward Park High School on the lower east side, the site of one of many public shelters set up in preparation of the storm, Sunday, Oct. 28, 2012, in New York.

  • Michael Bloomberg Gives $200000 To Support Idaho's Education Reform Laws

    New York City Mayor Michael Bloomberg gave $200,000 to Education Voters of Idaho, a nonprofit group championing three education reform laws known as Students Come First, which will be addressed on the Nov. 6 ballot as Propositions 1, 2 and 3.

  • Powell, Bloomberg & The Economist

    Colin Powell. Michael Bloomberg. The editors at The Economist magazine. What do all these three have in common? They are all harbour Republican sympathies, yet they are all endorsing Barack Obama for a second term.

  • Dangling Crane to Be Secured in 36-Hour Weekend Operation

    Over the next three or four weeks, workers will build another crane alongside the damaged one and use it to remove the parts that are broken, said the mayor, who is the founder and majority owner of Bloomberg News parent Bloomberg LP. One57, being ...

  • Election Officials Improvising Solutions in Northeast

    Election supervisors in three storm- ravaged U.S. Northeast states are struggling to set up alternate polling sites in time for the Nov. 6 election in locations destroyed or lacking electricity after Hurricane Sandy.

  • Bloomberg & Cuomo Stare Into the Eye of Climate Change

    NYC Mayor Bloomberg also spoke of climate change in his surprise endorsement of President Obama. "The devastation that Hurricane Sandy brought to New York City and much of the Northeast -- in lost lives, lost homes and lost business -- brought the ...

  • Restoration Hardware Surges After IPO

    Restoration Hardware Holdings Inc. (RH), the seller of leather couches and tables made of salvaged wood, rose 30 percent in trading after pricing its initial public offering at the top of the proposed range.

  • Bloomberg Business: 'It's Global Warming, Stupid.'

    Bloomberg Business never lets an opportunity to push global warming pass by. On the Nov. 1 edition of BusinessWeek, the cover story was titled "It's Global Warming, Stupid" which appeared in huge black letters with a red background on the cover.

  • U.S. Stock Futures Little Changed Before Jobs Report

    Equities advanced early in the day as a report showed a net 171,000 workers were added to payrolls in October. The median forecast of 91 economists surveyed by Bloomberg called for an advance of 125,000. The jobless rate rose to 7.9 percent from 7.8 ...

  • Berkshire Profit Climbs 72% on Derivatives, Railroad

    Warren Buffett's Berkshire Hathaway Inc. (BRK/A) said profit climbed 72 percent in the third quarter as a stock-market rally helped improve results in the derivatives book and earnings at the railroad climbed.

  • Emerging Stocks Head for Best Week in 2 Months on Earnings, U.S.

    Emerging-market stocks rose, adding to the benchmark index's biggest weekly gain in almost two months, as industrial and technology companies' profits beat estimates and hiring in the U.S.

  • Washington Post Reports Profit Gain as TV Division Sales Grow

    Buffett's Berkshire Hathaway Inc. (BRK/B) is the company's largest shareholder, with a 28 percent stake, according to data compiled by Bloomberg. To contact the reporter on this story: Edmund Lee in New York at To contact the ...

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