Business

Business

BC-ID--Intermountain Grain & Livestock, ID

POCATELLO, Idaho (AP) — Idaho Farm Bureau Intermountain Grain and Livestock Report Thursday, August 25. Bids subject to change. BLACKFOOT __ soft white 3.55, unchanged; hard red winter 3.90, unchanged; DNS 4.85, down 5; hard white 4.10, unchanged; BURLEY __ soft white 3.73, down 2; hard red winter...


Business

Facebook takes first step toward making money from WhatsApp deal

(c) 2016, Bloomberg. Facebook is laying the groundwork for its free messaging service WhatsApp to begin making money, easing its privacy rules so data can be used for Facebook advertising and allowing businesses to message its more than one billion users. It’s the first step toward monetizing the...


Business

Groups challenge federal oil, gas leasing on climate grounds

CHEYENNE, Wyo. (AP) — The federal government needs to consider greenhouse emissions and the potential contribution to climate change before allowing oil and gas development on public land, two environmental groups asserted Thursday in a lawsuit over drilling in Western states. Industry advocates...


Business

Uber said to lose at least $1.2 billion in 1st half of 2016

(c) 2016, Bloomberg. The ride-hailing giant Uber Technologies is not a public company, but every three months, dozens of shareholders get on a conference call to hear the latest details on its business performance from its head of finance, Gautam Gupta. On Friday, Gupta told investors that Uber’s...


Business

British banks' status in EU might end up like Swiss, Portugal says

(c) 2016, Bloomberg. Portugal’s Europe minister suggested that U.K.-based banks hoping to keep so-called passporting rights in the European Union after Brexit may instead end up with a status more like that of their Swiss counterparts. The future for British banks in the bloc will be “dependent on...


Business

Youth out of work worldwide equals Thail population

(c) 2016, Bloomberg. The youth unemployment rate worldwide is creeping back up to a 20-year peak, with 71 million out of jobs. To put that in perspective, that is more than the entire population of Thailand. One would have to go to the early 1990s, following the collapse of the Soviet Union and the...


Business

Hedge funds are suddenly winning on China's most dangerous short

(c) 2016, Bloomberg. Stock traders who stuck with China’s most painful short sale are finally getting some relief. After suffering through a 953 percent rally in shares of Yirendai Ltd. since mid-February, hedge funds and other bearish speculators were rewarded over the past four days as the...


Business

Asia's biggest container shipper posts loss after China merger

(c) 2016, Bloomberg. China Cosco Holdings Co., Asia’s largest container shipping company after a government-led merger last year, posted a loss in the first half as excess capacity dragged down cargo rates. The net loss was 7.21 billion yuan ($1.1 billion) in the six months to June, compared with a...


Business

Wall Street lobbyist to head online lending group

(c) 2016, Bloomberg. Nat Hoopes, executive director of the trade group comprising the biggest Wall Street banks’ chief executive officers, is making the jump to fintech. Hoopes will lead the Marketplace Lending Association, whose founding members include online lenders LendingClub Corp., Prosper...


Business

Late shale pioneer McClendon's wine collection up for auction

(c) 2016, Bloomberg. Chesapeake Energy Corp. co-founder Aubrey McClendon’s multi-million dollar wine collection is going up for auction less than six months after the shale-gas trailblazer perished in an Oklahoma City car crash. The collection is comprised almost exclusively of Bordeaux wines,...


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