Bloomberg L.P.

Behind CEOs' Trump Rift, Frantic Hours of Calls, Calculation (1)

(Bloomberg) -- Even before President Donald Trump began speaking at Trump Tower on Tuesday afternoon, America’s most prominent CEOs knew they had a problem.<p>In the days following the racially charged violence in Virginia, where white supremacists marched with swastikas and a young woman was run down …

Donald Trump

Barcelona Is Trying to Come to Terms With Its Overtourism Problem

When Edgar Torras started leading tours of Barcelona, locals thanked him for bringing in tourists. Seventeen years later, they pelted his customers …

Tourism

Air Berlin's Collapse Gives Lufthansa a Chance to Expand Its Low-Cost Airline

Air Berlin Plc’s insolvency could open the way for Deutsche Lufthansa AG to add new hubs for inter-continental flights while allowing short-haul …

Airlines

Puerto Rico Isn't Really Having a 'Despacito' Tourism Boom Yet

Since the song Despacito, by the Puerto Rican artists Luis Fonsi and Daddy Yankee, came out last January, its YouTube video has been viewed more than …

Tourism

Egypt Is Finally Seeing Some Good Tourism News

Egypt tourism receipts almost tripled and worker remittances rose in the last three months of its fiscal year, marking another step in the country’s …

Economy

Amazon makes rare bond play in $16 billion sale for Whole Foods

Amazon.com Inc. turned to the debt markets on Tuesday to fund its $13.7 billion acquisition of Whole Foods Market Inc. and power Jeff Bezos’s planned …

Markets

Airbnb Gets More Serious About China With Tech Investments

Airbnb Inc. is ramping up its investment in China, quadrupling its engineering team over the next 12 months to focus on affluent millennials who’re …

China

Cathay Pacific Needs to Do Something Drastic to Win Back Customers

It’s time for Cathay Pacific boss Rupert Hogg to go to the back of the plane.<p>With the company expected to announce another loss this week, Cathay …

Airlines

Bloomberg Bets On In-House Agency, Consultant Services

Joining the ranks of other big publishers that have muscled into media services, Bloomberg Media is building capabilities in various areas, including …

Bloomberg Terminal

Ousted Uber CEO Plots a Comeback But it Is Not the Steve Jobs Kind

Travis Kalanick lost his job as chief executive officer at Uber Technologies Inc. in June. That, it turned out, was just the beginning of the latest …

John Sculley

Saudi Arabia Tourism at Center of Development Plans But It Will Be a Tough Sell

After relying on oil to fuel its economy for more than half a century, Saudi Arabia is turning to its other abundant natural resource to take it …

Saudi Arabia

The Silicon Valley startup trying to save customers a trip to the pumps

For Dana Dwyer, an Oracle Corp. employee and mom, a full tank of gasoline at the end of her workday is something she describes with just two words: …

Business (Canada)

London banker and CU grad freed in probe into woman pushed in front of bus

Eric Bellquist, a partner at Hutton Collins & Co., was dismissed by Metropolitan Police as the jogger who pushed a woman into the path of a London …

Crime

3 Uber Investors Ask Benchmark to Vacate Board Seat

Three Uber Technologies Inc. investors said a lawsuit against co-founder Travis Kalanick was designed to “hold the company hostage” and asked …

Uber

Vacations Are Not Practical for Many Europeans

Summertime doesn’t make living easier in Greece.<p>While tourists are flocking to the Mediterranean country from all over the world, more than 50 …

Travel

Buy Ads Based Off President's Tweets? Bloomberg Media Says Why Not

Marketers may soon be able to cash in on the president's tweets.<p>Bloomberg Media on Thursday described its latest ad offering, a product called Trigr …

Bloomberg Terminal

Hedge funds gain influence in passive boom

by Lukanyo Mnyanda<p>The decade-long growth of cheap index-tracking funds is giving hedge funds an unexpected influence in setting market prices.<p>As …

Finance

Uber Operations Boss Ryan Graves to Step Down as Management Shakeup Heats Up

Ryan Graves, an integral figure in the early days of Uber Technologies Inc., is stepping down from his management role after a tumultuous year.<p>Graves …

Uber

Local Newburyport radio station bought by Bloomberg

The North Shore has lost a radio local voice. Bloomberg Radio, a nationwide 24-hour business and finance radio network, has taken over Newburyport’s …

Boston

Airlines Hate Flying to Venezuela Because of Stickups and Dirty Fuel

Airlines are continuing to pull out of Venezuela, and they have a whole series of grievances including staff held up at gun point, luggage theft, …

Venezuela

Housing Market’s New Dominant Force: Baby Boomers Who Won't Sell

(Bloomberg) -- Jake Yanoviak is hunting for houses. On a weekday afternoon in North Philadelphia, the 23-year-old painter cruises along on his bike, its black paint obscured under stickers from breweries and rock bands. He turns onto a side street, where he spots a few elderly neighbors, standing …

Millennials

In a Job Market This Good, Who Needs to Work in the Gig Economy?

Uber Technologies Inc., Instacart and other gig-economy companies are straining to attract and keep the short-term laborers who give rides, shop for groceries and deliver meals at the tap of an app.<p>Amid low unemployment and fierce competition, startups have begun offering richer perks, benefits and …

Business

Uber Planning to Rid Itself of Unsustainable Car-Leasing Program

Uber Technologies Inc. is trying to unload its costly U.S. subprime car-leasing program.<p>The ride-hailing company’s board determined Xchange Leasing, …

Uber

Audioburst launches a web and mobile search engine for audio news

Audio is beginning to play an increasingly important role in how consumers connect with information, thanks to the popularity of podcasts and other short-form audio programming, improvements in voice technologies, and the growing consumer adoption of smart home devices like the Amazon Echo and …

Startups

Egyptian Hotel Projects Attract Large Investment From Saudi Billionaire

Saudi Arabian billionaire Prince Alwaleed Bin Talal will team with Egyptian developer Talaat Moustafa Group to invest $800 million in Egyptian hotel …

Egypt

Premier Credit Cards for Travel Are Now Requiring a Much Higher Spend

Citigroup Inc. just unveiled an updated version of its premium credit card, the Citi Prestige. The new card is made of metal—like its direct …

JPMorgan Chase & Co

Fifty Years On, Southeast Asia Emerges as Global Growth Leader

(Bloomberg) -- The Association of Southeast Asian Nations has much to crow about as it marks its 50th anniversary: economic and social progress, a …

Economics

Once-Rejected FAA Software Upgrade May Prevent Planes From Landing on Taxiways

The U.S. Federal Aviation Administration is implementing recommendations it rejected six years ago that could have prevented pilots from nearly …

Aviation

Project management: 5 tips for managing your project budget

Budget overruns are a litmus test for project success or failure. Few companies have an unlimited budget, so the first thing project stakeholders …

Project Management

How Trump’s twitter personality compares with 105 business leaders’, according to data scientists

Decoding US president Donald Trump’s tweets has become a sport of sorts, with political Twitter turning out some gems.<p>For instance, on July 31, a few hours following the announcement that Anthony Scaramucci had been pushed out of the White House after only 10 days of service, and following several …

Personality