Obama Nominates Watt for FHFA, Wheeler for FCC

May 1 (Bloomberg) -- U.S. President Barack Obama names U.S. Representative Mel Watt as his choice for director of the Federal Housing Finance Agency and fundraiser Tom Wheeler to head the Federal Communications Commission. Obama speaks at a news conference at the White House. Watt and Wheeler appear with Obama. (Source: Bloomberg)

Slowest Inflation in Two Years Ratifies Poloz's Pessimism
12:33 - Canada's core inflation rate was the slowest in two years in August, missing even the most bearish forecast, in another blow to the country’s economic outlook. Bloomberg's Greg Quinn reports. (Source: Bloomberg)
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