Auto Industry
What's in Indy Driver Graham Rahal's Car Collection?
American Race Car Driver Graham Rahal discusses his car collection as an investment. He speaks on "Bloomberg Markets." (Source: Bloomberg)
Tesla Revamps Stores Ahead of Model X SUV Debut
Bloomberg's Betty Liu reports on the revamping of Tesla showrooms with Pimm Fox on "Bloomberg Markets." (Source: Bloomberg)
Thanks for Buying a $100,000 Tesla. Want a Tote Bag With That?
Inside the New Tesla Store: Cars, Info Kiosks and $300 Tote Bags
The 2016 Bentley Mulsanne Speed Is Like Driving a Cloud
This is the type of car you buy when you often must write, take calls, or otherwise work while you are being driven to your summer home
Toyota May Tap Three Takata Competitors to Boost Air Bag Supply
Toyota Motor Corp., recalling about 12 million vehicles worldwide to replace Takata Corp. air bags, said it may tap three additional suppliers to boost supply of the components.
Wall Street
Mexico Probe Finds No Favoritism by President, Top Minister
Mexican President Enrique Pena Nieto and his finance minister were cleared of using their political influence to favor government contractors who sold them homes, according to a probe by the country’s public comptroller.
Ackman Owned Sprout Stake Before Ally Valeant Bought Drugmaker
Investor Bill Ackman, who allied himself with Valeant Pharmaceuticals International Inc. in a drug-industry takeover battle last year, held a small stake in the company Valeant agreed to acquire this week, according to a person familiar with the matter.
Blame Wall Street Dealer Retreat on Lower Risk, Flash Trade
Wall Street dealers should blame their financial-crisis hangovers and high-speed traders for the decline in their balance sheets, not just government regulations, Federal Reserve Bank of New York researchers say.
Delta Jet Struck by Lightning on Atlanta Airport Runway
Bloomberg's Cory Johnson and Olivia Sterns highlight pictures and videos that illustrate top stories from around the world. They speak on "Market Makers." (Source: Bloomberg)
Najib Tells Detractors to Back Off as Mahathir Seeks Ouster Vote
Malaysian Prime Minister Najib Razak said no one should try to interfere with or hijack his leadership as former premier Mahathir Mohamad called for a vote of no confidence against him.
Energy
Greek Opposition Leader Likely to Fail in Bid to Form Government
Greece’s main opposition figure, Evangelos Meimarakis, has until Monday to cobble together a big enough majority coalition to take a stab at governing, even as analysts predict his efforts are doomed.
Stocks Head for Worst Week Since 2011
Bloomberg's Julie Hyman updates the latest markets news. She reports on "Bloomberg Markets." (Source: Bloomberg)
Is September the Date When Fed Raises Rates?
Wells Capital Management Chief Strategist Jim Paulsen discusses Fed policy and the economy. Bloomberg's Michael McKee also speaks on "Bloomberg Markets." (Source: Bloomberg)
SolarCity Plunges After Chanos Discloses Short Position
SolarCity Corp., the biggest U.S. rooftop solar developer, sank the most in 21 months after hedge fund manager Jim Chanos said he’s short the stock.
Deere Tumbles as Cheap Commodities Weigh on Sales Into Next Year
Deere & Co., the world’s largest farm-equipment maker, fell the most since 2009 after cutting its full-year profit outlook and forecasting weak commodity markets will hurt sales into 2016.
Real Estate
Mets Network SNY Said Close to World Trade Center Lease
SportsNet New York, the cable network that broadcasts New York Mets baseball games, is close to an agreement to move its offices to 4 World Trade Center in lower Manhattan, a person with knowledge of the talks said.
Developer Peebles Says He’s Considering Run for New York Mayor
Real estate developer Don Peebles said he may run for New York City mayor against Bill de Blasio, whom he supported in 2013.
Blackstone Said to Weigh $861 Million London Office Sale
Blackstone Group LP is considering the sale of Devonshire Square, an office complex in the City of London financial district, according to a person with knowledge of the matter.
Manhattan’s Property Boom Pushes Landlords to Sell Early
Manhattan property owners are cashing out ahead of schedule.
Spanish Go Back to the Building Site While Wages Go Nowhere
Spain’s once-ravaged construction industry is creating jobs at the fastest pace in almost three years. Well-paying jobs will take longer.
Health Care
Home-Care Workers Win Right to Get Overtime Pay, Minimum Wage
Home-care workers won the right to overtime pay and the minimum wage after a U.S. court Friday upheld a Labor Department rule that was challenged by business groups.
Ackman Owned Sprout Stake Before Ally Valeant Bought Drugmaker
Investor Bill Ackman, who allied himself with Valeant Pharmaceuticals International Inc. in a drug-industry takeover battle last year, held a small stake in the company Valeant agreed to acquire this week, according to a person familiar with the matter.
Payrolls Rose in 34 States in July Led by California, Texas
Payrolls rose in 34 states in July and the jobless rate fell in 24 as the U.S. labor market continued its return to health.
The Circus Animal Unemployment Crisis
A newfound awareness of the often bleak circumstances of exotic animals bred for profit has led to overloaded refuges
Will Kyle Bass’s Drug Patent Gambit Pay Off? He’ll Soon Find Out
Hedge-fund manager Kyle Bass has been accusing drugmakers all year of misusing patents to reap “monopoly profits” for medicines, saying he wants to cash in by getting their patents tossed.