Response from Bloomberg
Below the response I received from Bloomberg. For completeness fo this thread, I will post update after I try the 'fixed' release.
LOG: 2/18/09 14:00:25 Bloomberg Feedback Team
Hello: We are sorry for the inconvenience regarding Iphone.
We have already posted a new version to Apple and we are waiting
word from them to post it to the App store. In the meantime,
please delete and install from scratch.
You may view the same content by accessing mobile.bloomberg.com
or the mobile URL on your mobile phone.
Sincerely, Bloomberg Website Feedback Team