Auto Industry
Second Fiat Recall Spotlights Growing Worries Over Car-Hacking
Fiat Chrysler Automobiles NV has issued its second recall in six weeks over flaws that left vehicles vulnerable to hacking, spotlighting concerns that increasingly sophisticated electronics in cars may allow criminals to interfere with their operation.
Toyota Hires Top U.S. Military Robotics Engineer for AI Push
Toyota Motor Corp. has hired Gill Pratt, the U.S. military’s top robotics engineer, as part of a $50 million investment in artificial-intelligence research designed to reduce highway deaths and injuries.
Bentley Says Its New Bentayga Will Be the World's Fastest SUV
Bentley says its first sport utility vehicle won’t just be the most expensive in an increasingly crowded market, it’ll also be the fastest.
Ferrari Spinoff Will Delay Marchionne's Fiat-GM Merger Plan
While Fiat Chrysler Automobiles NV Chief Executive Officer Sergio Marchionne isn’t known for his patience, he’s likely to wait until next year before making a bid for General Motors Co. after months of talk about the potential of a deal.
VW, Ford Open Engine Plants in Russia Amid Car Market Plunge
Volkswagen AG and Ford Motor Co. are sticking with long-planned investments in Russian engine factories even as car sales there head toward a six-year low.
Wall Street
Camera Tech Revolution: Bloomberg West (Full Show 9/04)
Full episode of "Bloomberg West." Guests: Sphero co-founder Adam Wilson, Ricoh Imaging's Jim Malcolm, 360fly CEO Peter Adderton and iON Worldwide CEO Giovanni Tomaselli. (Source: Bloomberg)
Fed Decision May Hinge on Which Holds Sway: Data or Outlook
The Federal Reserve’s decision on whether to raise interest rates this month is coming down to a simple question: Are policy makers data dependent or outlook dependent?
What to Expect From the August Jobs Report
All eyes on Wall Street and in Washington, D.C. are turning to today's jobs report for hints on the strength of the U.S. economy and how the Federal Reserve may proceed on an interest rate hike. Bloomberg's Phil Mattingly previews the report on "Bloomberg Surveillance." (Source: Bloomberg)
Top Mortgage Analyst Quits JPMorgan to Follow The Beat
Abhishek Mistry went out on top.
Korean Bond Yield Drops to Record on Rate-Cut Bets as Won Falls
South Korea’s bonds rose, pushing the three-year yield to a record low, and the won fell for a third day as a deteriorating outlook for the economy spurred speculation interest rates will be cut.
Energy
Camera Tech Revolution: Bloomberg West (Full Show 9/04)
Full episode of "Bloomberg West." Guests: Sphero co-founder Adam Wilson, Ricoh Imaging's Jim Malcolm, 360fly CEO Peter Adderton and iON Worldwide CEO Giovanni Tomaselli. (Source: Bloomberg)
Emera to Buy Florida Utility Teco Energy for $10.4 Billion
Canadian power company Emera Inc. agreed to buy Teco Energy Inc., owner of the electric utility in Tampa, Florida, for $10.4 billion on Friday.
VIX Not Budging as Stocks Drop Anew in Week of S&P 500 Setbacks
Want evidence this selloff isn’t like the others? Consider that the VIX, the market’s fear indicator, has now spent 11 straight sessions above 25 -- a level that before August it had touched on just five days since 2011.
U.S. Stocks Decline: Is This a Good Time to Buy?
Gerber Kawasaki President and CEO Ross Gerber discusses the recent performance of U.S. stocks and the outlook for Apple with Bloomberg's Alix Steel on "Bloomberg Markets." (Source: Bloomberg)
Deep Distress: The Dilemma Over Debt Exchange Deals
Creditors of drillers and miners are getting fed up with depressed commodities prices and are clamping down on deals that would help heavily indebted companies ride out the slump. Bloomberg's Jodi Xu Klein has more on "Bloomberg Markets." (Source: Bloomberg)
Real Estate
Almost Half of Homes in New York and D.C. Are Now Losing Value
A new home-price index is a warning sign for some property markets
Lloyds Trader Fired Over Libor Rigging Sues for Unfair Dismissal
A former Lloyds Banking Group Plc trader sued the bank for unfair dismissal after he was fired in the wake of the company’s fines for Libor manipulation.
Manhattan Gets First Crowdfunded Condos
New York’s first real estate project financed significantly though crowdfunding is set to open, a step forward for a nascent investing model that has yet to prove itself in commercial property.
TPG Capital Hires Ladder’s Guggenheim to Run Real Estate Group
TPG Capital, the private equity firm run by David Bonderman, hired Ladder Capital Corp.’s Greta Guggenheim to head its newly formed real estate debt unit.
The Most Expensive Apartment Listings in New York That Are Not in Manhattan
Sorry, now you can’t afford Queens, either. Apartment sales in the outer boroughs are higher than ever
Health Care
VIX Not Budging as Stocks Drop Anew in Week of S&P 500 Setbacks
Want evidence this selloff isn’t like the others? Consider that the VIX, the market’s fear indicator, has now spent 11 straight sessions above 25 -- a level that before August it had touched on just five days since 2011.
Health Jobs Hit U.S. Record, Driven by Economy and Obamacare
Health-care jobs hit a record as a percentage of total non-farm employment in the most recent U.S. payrolls report, fueled by an improving economy and President Barack Obama’s health-care overhaul.
Jobless Rate in U.S. Drops to Seven-Year Low, Reaching Fed Goal
As far as the Federal Reserve is concerned, the American workforce is now fully employed.
Bank of Russia Says 37 ‘Kamikaze’ Lenders Lost Licenses in 2015
Russia shut down 37 lenders it deemed to be running “kamikaze” businesses focused on dubious operations, or two-thirds of the 55 it has closed this year, according to central bank Deputy Governor Mikhail Sukhov.
Bayer’s Covestro to Sell New Shares in IPO in Fourth Quarter
Bayer AG will proceed with a plan to list Covestro, its plastics and polymers unit, on the Frankfurt stock exchange, and the transaction could take place in the fourth quarter.
