Bloomberg Business

Texas Governor Calls For Probe of Atmos Energy in Wake of Freeze

(Bloomberg) — Texas Governor Greg Abbott on Wednesday called for state officials to investigate natural gas distributor Atmos Energy Corp. after the company asked its Texas customers to curb natural gas usage during the recent winter freeze.

Korea’s Chip Output Falls Most Since Global Financial Crisis

South Korea’s semiconductor production in November fell by the most since the global financial crisis, weighing on the nation’s industrial output and pointing to a further cooling of overseas demand for tech components as the world economy slows.

Australian Minister Raises Hopes for Trade Thaw With China

Australia would be willing to reconsider its case against China at the World Trade Organization if Beijing’s sanctions against its exports were lifted, as Trade Minister Don Farrell flagged a potential thaw in the trade tensions between the two countries.

‘Varsity Blues’ Mastermind Deserves Six Years in Prison, US Says

(Bloomberg) — The mastermind of the “Varsity Blues” college admission scam deserves six years in prison despite his “unprecedented” cooperation with federal agents in Boston resulting in 50 parents and coaches convicted in the biggest college admissions scam the U.S. has ever prosecuted, the government said in a court filing.

Airlines Keep Capacity Tight Despite Boom in Chinese Demand

The world’s airlines are taking a cautious approach to China’s reopening, reluctant to immediately change up schedules and divert planes from other routes despite the internal pent-up demand for international travel.

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