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  Bloomberg US college endowments suffered their biggest loss since the financial crisis, dragged down by global stocks, hedge funds and natural resources, according to an industry survey released Tuesday. The 1.9 percent average loss reported by the National Association of College and University Business Officers and money manager Commonfund in Wilton, Connecticut, for the year ended June 30, compared ...

  Bloomberg Oil-services giant Halliburton Co. told employees to stay put. Another global oil company is reconsidering whether to place a crude trader in Houston. And universities that train energy workers across the country estimated that hundreds of students may be affected. Of all the energy sectors that may feel the pain of President Donald Trump’s order to temporarily ban ...

  Bloomberg For years the oil industry has appealed to the executive branch and courts to de-fang a US rule forcing Exxon Mobil Corp., Chevron Corp. and other producers to disclose their payments to foreign governments. Now, the Republican takeover in Washington is handling it for them. The House of Representatives is set to vote this week on killing a ...

  Bloomberg Oil is set for its first monthly decline since October as signs that US supply is expanding offset OPEC’s production curbs. Futures lost 0.5 percent in New York and are down 2.3 percent in January. US oil production could increase to as much as 9.5 million barrels a day this year, near its 2015 peak, as rising prices ...

  Bloomberg Offshore gas-pipeline owners faced off again with Norway in an Oslo court on Tuesday in an appeal trial over tariff cuts that investors claim will cost them about $1.8 billion in income. The plaintiffs, companies owned by investors including Allianz SE and Canadian pension funds, are seeking to overturn a 2015 ruling that the government had acted lawfully ...

  Bloomberg Abby Rogers, a 15 year-old from California’s Bay Area, recently took extreme measures to help a buddy in Michigan. The friend had her phone confiscated by parents and biked to a local library where she got on a computer, sent Rogers her Snapchat user name and password, and begged for a big favor. Every day for two weeks, ...

  Bloomberg Late last year, just in time for Christmas shopping, Rachel Rhoads got a nice surprise. One of her secret savings accounts had grown to $900 behind her back. Rhoads, a 37-year-old Los Angeles-based sales director for a jewellery line, has an account with Digit, a financial technology company with an algorithm that tracks users’ income and spending patterns. ...

  Bloomberg Starbucks Corp. will begin letting customers order via voice on their iPhones and Amazon.com Inc.’s Alexa system, a bid to bolster its tech capabilities even as the rapid evolution brings headaches to the coffee chain. The new capability works with the barista feature on the Starbucks’ app, which relies on artificial intelligence to interact with customers. Customers can ...

  WASHINGTON / AP The FBI defended its decision to withhold documents on how it unlocked an iPhone used by one of the San Bernardino, California, shooters, saying the information could be exploited by “hostile entities” if released to the public. The Justice Department earlier this month released heavily censored records in response to a Freedom of Information Act lawsuit ...

  ABU DHABI / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received on Sunday night a telephone call from United States President Donald Trump, during which they explored ways of enhancing bilateral ties of friendship and cooperation. His Highness Sheikh Mohamed bin Zayed valued ...