Stiglitz: Austerity 'Dismal Failure,' New Approach Needed

Aug. 20 (Bloomberg) -- Columbia University Professor and Nobel laureate Joseph Stiglitz says austerity policies in Europe have been a "dismal failure" and that a new approach is needed including a form of fiscal union. He speaks from Lindau, Germany, with Jonathan Ferro on Bloomberg Television's "The Pulse." (Source: Bloomberg)
LVMH Beats Estimates on Leather-Goods and Wine Sales
24:10 - LVMH Moet Hennessy Louis Vuitton reported an estimate-beating 15 percent increase in first-half earnings as sales of fashion and leather-goods accelerated and the wines-and-spirits division returned to growth. Bloomberg's Shery Ahn reports on "Trending Business." (Source: Bloomberg)
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