Peregrine's Founder Says He Spent the Cash: WSJ
July 18 (Bloomberg) -- Russell Wasendorf Sr., the Peregrine Financial Group executive charged with lying to federal regulators spent most of the cash according to the Wall Street Journal. Betty Liu reports on today's "Movers & Shakers" on Bloomberg Television's "In The Loop."
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Lotte Revives Hotel IPO Plans
23:18 - Lotte Group is hoping to regain confidence in its hotel division by reviving plans for an IPO. The South Korean company has been plagued by a corruption scandal which has seen its chairman and five founding family members facing charges including embezzlement. Bloomberg's Peter Pae reports on "Bloomberg Markets." (Source: Bloomberg)