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Big Ben to stop as it tackles water damage

  Bloomberg It’s the world’s most famous clock, an icon of London for a century and a half. It stood firm when the Luftwaffe bombed the Houses of Parliament. Now Big Ben is threatened by two deadlier enemies: water and modern paint. In early 2017, work will begin on a £29 million($42 million), three-year project to restore the Elizabeth Tower, ...

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Bond market ramps up inflation view while Fed Reserve stays put

  Bloomberg Bond traders are signaling that even inflation expectations at 2016 highs won’t be enough to push the Federal Reserve to raise interest rates this week. Futures show the central bank will hold its benchmark unchanged when it meets on Tuesday and Wednesday as policy makers incorporate international events into monetary-policy decisions. The meeting will give policy makers a ...

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T-Mobile surpasses analysts’ estimates, adds 1 million users

  Bloomberg T-Mobile US Inc. reported profit that exceeded analysts’ estimates as the third-largest U.S. wireless carrier posted a seventh straight quarter of adding more than 1 million new monthly users with features like free video streaming and mobile data rollover. First-quarter earnings were 56 cents a share, the Bellevue, Washington-based company said in a statement Tuesday. Adjusted earnings before ...

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