UberX vs. NYC Taxi: Testing Which Is Really Cheaper

July 8 (Bloomberg) –- Taxi cabs are part of the iconic New York landscape, but is Uber about to change that? The company says they've lowered UberX fares by 20%, making them cheaper than a cab. But is it true? Bloomberg sent two interns on a race around town to find out which is less expensive. Video by: Sadie Bass, Justin Beach. (Source: Bloomberg)

There May Be a Sweet Spot for China Distressed Debt
19:39 - The specter of more soured assets piling up in China is turning into a sweet spot for distressed debt investors seeking fat returns. Bloomberg's Lianting Tu reports on "Bloomberg Markets." (Source: Bloomberg)
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