That’s where the Dow Jones Industrial Average closed yesterday, its highest level since October 2007. The Dow added 175.24 points and closed within 90 points of its record. The advance was led by JP Morgan Chase & Co., Caterpillar Inc.,...
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Photograph by Seth Wenig/AP Photo
A trader works on the floor at the New York Stock Exchange on Feb. 27, 2013.
Bloomberg by the Numbers: 14,075.37
Photograph by Jewel Samad/AFP via Getty Images
President Barack Obama listens to Japan's new conservative Prime Minister Shinzo Abe following their bilateral meeting in the Oval Office at the White House in Washington on Feb. 22, 2013.
Washington Daybook: Governors Gathering
Trade is at the top of the agenda when President Barack Obama meets with Japanese Prime Minister Shinzo Abe at the White House today. Aides said removing Japanese barriers for U.S. automakers is “an important pre- condition” to Japan’s potential entry into...
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Photograph by Andrew Harrer/Bloomberg
President Barack Obama arrives to speak in the South Court Auditorium of the Eisenhower Executive Building next to the White House in Washington, on Feb. 19, 2013.
Washington Daybook: Sequestration
While President Barack Obama and congressional Republicans trade blame over who’s responsible for the budget stalemate gripping Washington, a new poll shows the president may have the upper hand in the eyes of most Americans. A Bloomberg national poll released...
Read more »Washington Daybook: Question Time
It’s question time in Washington. Expect questions on drones and U.S. policy to take center stage at John Brennan’s Senate confirmation hearing as CIA director. Lawmakers will be shown classified legal documents today that justify drone strikes on Americans suspected...
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Photograph by Saul Loeb/AFP via Getty Images
Protestors demonstrate in front of the US Supreme Court in Washington. This week marks the 11th anniversary of the opening of the prison.
Washington Daybook: Troop Talks
President Barack Obama holds a press conference today at the White House with Afghanistan President Hamid Karzai after talks on how many of the 66,000 U.S. troops in Afghanistan should remain after 2014 to help fight terrorists. Karzai is seeking...
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Sen. Heidi Heitkamp in a reenacted swearing-in with her husband Darwin Lange and Vice President Joe Biden in the Old Senate Chamber at the Capitol on Jan. 3, 2013 in Washington.
Corporate PACs Win While Losing
Political action committees of companies such as Boeing Co,. Verizon Communications Inc. and Southern Co. have made sure they were on the winning side of competitive congressional races — no matter how they turned out. After Election Day, they simply...
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Photograph by Chris Thompson/SpaceX via Bloomberg
Space Exploration Technologies Corp.'s (SpaceX) Falcon 9 rocket takes off in Cape Canaveral, Florida on May 18, 2012.
Musk’s Toe in Launch Market Draws Lockheed Jab
The CEOs of Lockheed Martin Corp. and Space Exploration Technologies Corp. are trading jabs over the upstart competitor’s push into the $70 billion military launch market. A Lockheed-Boeing Co. joint venture has had a lock on the work for six...
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Photograph by Jeff Zelevansky/Getty Images
Jayson Werth #28 is greeted by Michael Morse #38 of the Washington Nationals after he scored on sacrifice fly during a game against the New York Mets at Citi Field on Sept. 11, 2012.
Washington Daybook: Kerry on Ice, Bloomberg on the Economy
It’s a great today to be a sports fan in Washington. Not only do the Washington Nationals have the best record in baseball, the city also is still buzzing about the stellar weekend debut of Robert Griffin III as quarterback of...
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Photograph by Chris Ratcliffe/Bloomberg
The Boeing Co. stand during the Farnborough International Air Show.
Boeing’s `Zero GDP’ Air-Show Sales
The Farnborough air show, taking place this week outside London, was supposed to be the year’s biggest bash for buyers and sellers of airplanes. Instead it’s been a disappointment, with orders falling short of expectations and “almost no one coming...
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Photograph by Mike Fuentes/Bloomberg
Lockheed Martin Corp.'s F-16 Fighting Falcon jet during a ceremony to commemorate the 4,500th delivery of the plane.
Budget Cuts Would Hit Contractors Hard
Government is more reliant than ever on private-sector contractors, a Bloomberg Government Study ranking the top 200 federal suppliers says. Downsizing in the 1990s cost hundreds of thousands of federal employees their jobs, but if Congress and the administration let...
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