Sea Rises Five Feet, Leaves 70% of Venice Submerged

Bad weather swept Italy at the weekend causing Venice and other historic cities to flood. Heavy rains and winds brought the city's water level to the sixth highest since records began.

Goldman's Careful Approach to Job Cuts
20:14 - The first "plant layoff" notice came in February: 43 people would lose their jobs. The second arrived six weeks later, increasing the cuts to 109 workers. Then a third, in April, for 146 more. And a fourth, in June: 98. Three more notices followed, including 20 dismissals announced last week. The "plant" in question -- Goldman Sachs Group. Bloomberg's Dakin Campbell has more on "Bloomberg Markets." (Source: Bloomberg)
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