Budget Cuts to Affect U.S. Economy by as Much as 2%

Feb. 25 (Bloomberg) -- Morgan Stanley Chief U.S. Economist Vincent Reinhart discusses the impact on GDP of the looming budget cuts. He speaks on Bloomberg Television's "Street Smart." (Source: Bloomberg)
Prada Full-Year Profit Drops 28%
50:03 - The slowdown in China has hurt earnings at Prada. The luxury brand posted a 28% fall in profit last year as fewer Chinese shoppers splurged. Bloomberg’s Yvonne Man reports on “First Up.” (Source: Bloomberg)
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