Auto Industry

Wall Street

Junk-Bond Losses Pile Up as Traders Flee Any Whiff of Bad News

The morning after cancer-center firm 21st Century Oncology Inc. cut its earnings forecast for 2015 last week, money manager Rajay Bagaria woke up to find his holdings of the junk-rated company’s bonds had lost 19 percent of their market value overnight.

Political Intel Firm Sanctioned Over Help for Hedge Funds

A firm that helps guide hedge funds’ responses to government actions is being sanctioned by regulators over its acquisition and handling of possibly nonpublic information, as regulators crack down on the flow of trading tips from Capitol Hill to Wall Street.

Calpers Reports It Paid $3.4 Billion to Private-Equity Firms

Private-equity firms reaped $3.4 billion in profit sharing for investing on behalf of the California Public Employees’ Retirement System since 1990, the sort of gains that have led to debate over why Wall Street pays lower taxes than most American workers.


Why It's Going to Be a 'MEH-rry' Holiday Retail Season

Bloomberg View's Barry Ritholtz and Bloomberg Intelligence's Richard Yamarone discuss retailing and the state of the U.S. economy. They speak on "Bloomberg ‹GO›." Ritholtz's opinions are his own. (Source: Bloomberg)

Companies' Use of Cash: Buybacks vs. Investment

Tobias Levkovich, chief U.S. equity strategist at Citigroup, discusses companies' use of cash, levels of investment, and taking on of debt for acquisitions. He speaks on "Bloomberg Surveillance." (Source: Bloomberg)

What's Behind the Recent Blue-Chip Outperformance?

On "Single Best Chart," Bloomberg's Tom Keene looks at the outperformance of Blue Chip stocks. Citigroup Chief U.S. Equity Strategist Tobias Levkovich also speaks on "Bloomberg Surveillance." (Source: Bloomberg)

Real Estate

Oil Drops

It's bad for the exporters, great news for you



In December, drilling contractor Ensign Energy Services Inc. told California regulators that it planned to dismiss as many as 700 workers.

Health Care