Manchester United Fails to Score Goal with IPO

Manchester United Plc, the English soccer club with a record 19 championships, raised $233.3 million in its U.S. initial public offering, pricing the shares below the marketed range.
VIX Fixed on Fed Rate Hike Others Are Downplaying
22:27 - Michael Purves, chief global strategist at Weeden & Co., discusses the reliability of the VIX Index as a market indicator and why the VIX is anticipating a Federal Reserve rate hike later this month. He speaks on "Bloomberg Markets." (Source: Bloomberg)
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