Bay Area Mansion at Auction, Cut From List Price

Dec. 28 (Bloomberg) –- A 15,000-square-foot mansion on Belvedere Island, an enclave north of San Francisco, will be put up for auction on Dec. 30 after the builder couldn’t find a buyer for the waterfront home he listed in January for $45 million. The starting bid is set at $25 million. Technology executives paying discounts to listed prices have been active buyers of luxury properties this year in the San Francisco Bay area, where the growth of social-media and Internet firms has created a new wave of millionaires. (Source: Bloomberg)
Investors Should Buy Stocks on These Pullbacks: Wren
38:58 - Wells Fargo Advisors Senior Global Equity Strategist Scott Wren discusses the selloff in the U.S. markets, U.S. interest rates and how he's advising his clients. He speaks to Bloomberg's Angie Lau on "First Up." (Source: Bloomberg)
  • Negotiators Struggle for an Outline Accord With Iran
  • Can “Hang W/” Compete with Twitter’s Periscope?
  • How Will the PBOC React to China’s Manufacturing PMI?