Australian Labor Party Facing Heartland Fight

July 5 (Bloomberg) -- Bloomberg's Paul Allen reports on the challenges facing reinstalled Labor leader Kevin Rudd in the party’s heartland, a mass of suburbs where about 10 percent of Australians live and which produced prime ministers Gough Whitlam and Paul Keating. While it has held five of the area’s 10 federal districts for at least 29 years, polls before the June 26 ouster of unpopular Gillard showed Labor’s eight seats faced a swing to the opposition. (Source: Bloomberg)
Jumei Co-CFO Says China Tariff Cut Has Minimum Impact
14:39 - Mona Gao, co-chief financial officer of Jumei International Holding Ltd., Beijing-based online seller of beauty products, talks about the company's business strategy. American depositary receipts of Jumei tumbled the most on record on concern China's decision to cut taxes on imported consumer goods will reduce the company's pricing advantage. Gao speaks with Shery Ahn on Bloomberg Television's "First Up." (Source: Bloomberg)
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