BofA Said Near $16B-$17B Mortgage Settlement

Aug. 6 (Bloomberg) -- Bank of America is nearing a settlement with the U.S. Justice Department in which it will pay between $16 billion and $17 billion to resolve probes into its sale of mortgage-backed bonds in the run-up to the financial crisis, a person familiar with the matter said. Phil Mattingly reports on "Street Smart." (Source: Bloomberg)
How Many People Are Using the Internet in China?
51:24 - China's largest internet search provider may have seen a return to profit growth, but Baidu still missed expectations, causing shares to fall after-hours. The company is now pushing for new strategies as more people shift to mobile platforms. Bloomberg takes a look at the growing popularity of the internet in China. (Source: Bloomberg)
  • 'Sideways Grind' for China Stocks in Months Ahead: Aw
  • OnePlus Launches New Handset Today
  • Turkey Looks to Narrow Trade Gap With China