Lew: Not Raising Debt Limit Would Be ‘Disastrous’

Aug. 22 (Bloomberg) -- U.S. Treasury Secretary Jacob J. Lew said a failure by Congress to raise the $16.7 trillion debt limit would “have disastrous effects for our nation” and could put at risk payments to Social Security recipients and veterans. Peter Cook reports on Bloomberg Television's "Street Smart." (Source: Bloomberg)
How Micromax Is Tackling India's Smartphone Market
23:54 - Micromax Co-Founder Vikas Jains discusses Alibaba’s interest in the company, raising funds for developing locally-focused software and his company’s push into India’s smartphone market. He speaks to Bloomberg’s Rishaad Salamat from the Goldman Sachs TechNet Asia Conference in Hong Kong. (Source: Bloomberg)
  • Tata Motors 4Q Profit Fell 56%
  • New Listings to Lock Up Billions in China
  • The Wrist Is Very Valuable Real Estate: Butler