Europe Bank Cleanup Driving $1.72 Trillion of Asset Sales

Europe’s largest banks are finally putting hundreds of billions of dollars of unwanted assets up for sale amid mounting competition among buyers and regulatory pressure. A wave of deals could be a boon to the region’s economy if the banks free up capital to increase lending.

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2
The Weird Businesses on Reality TV Aren't Good Enough for the Real Emmys

For the past decade, reality-TV producers have mined Main Street for colorful characters and a view into the peculiar subcultures of bakeries, pawnshops, and—improbably enough—duck-call carvers. The expansion of the genre has coincided with increased acclaim: Seven small business-themed reality shows were nominated for Emmys this year, the most ever.

3
TiVo Makes a Cable Box for Cord Cutters

TiVo (TIVO) , a company built on making clever cable boxes, is moving away from its roots in a play for people who don’t want to pay for cable at all. On Monday, TiVo announced a new version of its Roamio DVR, the OTA, which costs $50 and can only be used to record broadcast signals coming across the airwaves.

4
Ransom: The cost to free a hostage

While the U.S. And Britain have policies of not paying ransoms to terrorists, other European countries pay to free captives. Kidnappings and ransoms are becoming one of the main sources of revenue for terrorist groups -- and the prices are getting higher.

5
Flexible Display for iPhones? Apple Files Patent: Video

Aug. 26 (Bloomberg) -- Bloomberg's Adam Satariano reports on Apple's patented flexible display for mobile phones and tablets. He speaks on "Bloomberg West." (Source: Bloomberg)

6
Companies fear radical turn in Argentina - FT.com

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7
Berkshire, Burger King Deal Draws Criticism Over Taxes

Burger King Worldwide Inc. defended its acquisition of Tim Hortons Inc. as the hamburger chain came under criticism for its effort, backed by billionaire investor Warren Buffett, to move the quintessential American brand to Canada.

8
Beirut's Champs-Elysees Sees Despair of Syria's Refugees

A few steps from Brisk Cafe on Beirut’s Hamra Street, a teenage Syrian squats with her three children and cups her hand appealing for loose change. Along the road, a Syrian shoeshine boy urinates against a poster.

9
GM's compensation fund gets 100th death claim

GM has pledged to pay victims who were injured or killed as a result of a defect affecting 2.6 million cars that can cause the vehicle to shut off unexpectedly, disabling airbags. Officials have admitted that the company made mistakes , leading to a decade-long delay in issuing a recall for the affected vehicles.

10
Monkey Selfies, Elephant Paintings, and the Future of Copyright Law

This isn’t an academic issue. Back in 2011, a fabulous-looking female crested black macaque in Indonesia swiped the camera of renowned wildlife photographer David Slater. The monkey snapped a selfie, and the image went viral. Slater tried to stop the Web service Wikimedia and others from posting the photo for free, because he wanted to sell it. Wikimedia refused, saying that for legal purposes no one owns a photo snapped by a monkey.

11
Wild for Whisky: Single-Malt Scotch Demand Soaring: Video

Aug. 26 (Bloomberg) -- Two weeks ago a bottle of rare Japanese whisky went for $11,000 at an auction in Hong Kong. And for the first time, bourbon exports topped $1 billion. Could we be in a bourbon bubble?Bloomberg's Adam Johnson reports. (Source: Bloomberg)

12
The Five Cities Most at Risk For the Next Big Earthquake: Video

Aug. 26 (Bloomberg) –- Damages from the earthquake that hit the San Francisco area this weekend are estimated to be as high as $4 billion. For many cities around the world, particularly coastal cities situated on the geologically active Ring of Fire, an earthquake could be catastrophically destructive. Bloomberg looks at the five cities that are most vulnerable to earthquakes. (Source: Bloomberg)

13
New Stanford MBAs Take an Unauthorized Trip to a Secluded Colombian Island

The 230 students who flew to Colombia this year pledged over $300,000 on Tilt, a website that organizes large group payments, says Mike Duboe, a Stanford MBA who handles growth for Tilt. They paid more than $1,300 each. Students sometimes travel on Vivacolombia, an airline owned by Stanford alumnus William Shaw, who offers them discounted fares. Students are warmly welcomed by other alums in the region, one of whom is said to host them at a restaurant outside Bogota.

14
UK catapult centre works on vision of windowless aircraft - FT.com

UK catapult centre works on vision of windowless aircraft

15 Abenomics: Off target - FT.com

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16
McDonald's Faces 'Millennial' Challenge

Behind McDonald's Corp.'s worst slump in a decade is a trend that may augur even tougher times ahead: The Golden Arches is losing its luster with younger consumers.

17
City-by-city look at home prices in June, including the slowdown in San Francisco

City-by-city look at home prices in June, including the slowdown in San Francisco

18
Will the World Cup Soccer Boom Last?: Video

Aug. 25 (Bloomberg) –- The 2014 World Cup stimulated unprecedented U.S. interest in soccer. FC Bayern Munich, one of Europe's most successful clubs, has opened a New York office and hopes to capitalize on the sport's U.S. growth. Bloomberg Businessweek's Brendan Greeley explores how the strategy may pay off for Bayern and its sponsors. (Source: Bloomberg)

19
Warren Buffett to help finance Burger King-Tim Hortons deal - MarketWatch

The Berkshire Hathaway Inc. BRK.B, +0.21%  chairman and chief executive would invest in the deal in the form of preferred shares, some of the people said. Berkshire is expected to provide about 25% of the deal’s financing, one of the people said. The exact structure of Mr. Buffett’s participation in the deal remains unclear, and the discussions are ongoing.

20
Twitch: Has Amazon Acquired the Next ESPN?: Video

Aug. 26 (Bloomberg) -- Ethan Kurzweil, a partner at Bessemer Venture Partners, and Bloomberg's Brad Stone discuss Amazon buying Twitch for $970 million and the rapid evolution of television platforms. They speak on “Bloomberg West.” (Source: Bloomberg)

21
2008 Meltdown Was Worse Than Great Depression, Bernanke Says

“September and October of 2008 was the worst financial crisis in global history, including the Great Depression,” Mr. Bernanke is quoted as saying in the document filed with the court. Of the 13 “most important financial institutions in the United States, 12 were at risk of failure within a period of a week or two.”

22
The Bull Market’s Strength Is Reaching Epic Proportions

The market’s latest run to record highs has also coincided with a strengthening U.S. dollar, another trend reminiscent of the late 1990s. The U.S. Dollar Index, which measures the greenback against a basket of six major currencies, has risen six weeks in a row and is up again this week. If it notches a seventh straight weekly gain, it will be the longest streak since 1999, according to Mr. Krinsky. “It should not be surprising that this is occurring, as much of the late 90’s saw stocks and the [dollar] rise together,” he said. “The 200-day rolling correlation between the S&P 500 and the Dollar Index is now positive, and at the highest level since 2008.”

23
What Wealthy Buyers Want in a Hamptons Home: Video

Aug. 25 (Bloomberg) -- Bespoke Real Estate Co-Founders Cody and Zachary Vichinsky discuss selling high-end real estate to the wealthy in The Hamptons. The speak on “In The Loop.” (Source: Bloomberg)

24
Why July Durable Goods Orders Could Be High-Flying

Because of the time it takes for Boeing to produce and deliver an aircraft, the jump in orders is not expected to provide an immediate lift to economic activity. In addition, no matter how large the July gain in durable goods, Citigroup economists warn, “On the flip side, this order will cause a similar-sized decline in August.”

25
HP recalls 6 million computer cords for fire risk

HP is warning customers: Check your laptop charging cord to see if it's at risk of overheating.

26
Emmy Awards 2014: Repeat Winners ‘Breaking Bad,’ ‘Modern Family’ Take Top Honors

The series can be seen as something of an Emmy misfire for HBO, which put the show into competition against “Breaking Bad” instead of submitting it as a miniseries. The network went into the Emmys with 99 nominations and emerged with 19 awards, including a win for Cary Fukunaga , who directed “True Detective.”

27
Ackman’s Pershing Square Makes $249 Million on Burger King

Pershing Square Capital Management LP's 10.9 percent stake in Burger King increased in value today by $203 million to about $1.24 billion, according to data compiled by Bloomberg. Ackman helped Burger King go public in 2012 after it merged with Justice Holdings Ltd., a special-purpose acquisition company co-founded by the hedge-fund manager. The stock has more than doubled since September 2012 when Ackman disclosed Pershing Square's stake.

28
New Safety Measures Greet Students.

Wall Street Journal reporter Caroline Porter found that schools across the country are tightening their security for the start of the school year.

29
Crossing SPX 1000 in 1998 vs SPX 2000 Today

SPX first came within 2% of 2000 in late June. It fell 4% after its first attempt and it succeeded on its second attempt. Not very similar to 1998 and the crossing of 1000. Imagine if SPX had reached 1960 in May, June, July and August, falling in-between to 1760, 1840, 1820 and 1900 before finally crossing 2000. You can see why a rapid run higher in the next two months might take place. That was the set up in early 1997.

30
Ownership battle hots up over London’s Gherkin skyscraper - FT.com

Ownership battle hots up over London’s Gherkin skyscraper

31
How One U.S. Watchmaker Is Building a $95K Rolex Killer: Video

Aug. 26 (Bloomberg) –- Roland Murphy is the only mechanical watchmaker who crafts his timepieces almost entirely in the U.S. He shows Bloomberg how he uses a blend of modern technology and old world engraving techniques to make watches that cost upwards of $95,000. Video By: Alex Dean, Amy Marino (Source: Bloomberg)

32
Hedge Funds Flock to Apple

The amount of new purchases stands in contrast with the first three months of the year, when hedge funds were both buying and selling Apple in droves. Apple ranked as both the second-biggest buy and second-biggest sell among hedge funds in the first quarter, according to S&P Capital IQ.

33
Agricultural Bank Braces for More Bad Loans Amid Slowdown

The operating environment for Chinese banks is deteriorating amid an economic slowdown. Credit expansion in the world’s second-largest economy plunged last month and investment spending unexpectedly slowed, adding risks to growth as a property slump threatens more defaults. Bank of China Ltd. said last week that it had more than doubled its bad-loan provisions from a year earlier.

34
Does a Company Own Its Facebook Likes?

Mattocks and BET signed a deal giving the company administrative access to the page; each agreed not to lock the other out. BET employees and Mattocks worked together, quickly amassing 4 million additional “likes.” But Mattocks wanted a full-time job, and she decided to play hardball to get it. She revoked BET’s administrative access, saying she’d give it back when they agreed to pay her an acceptable salary. The company responded by starting its own page. It also asked Facebook to shut down Mattocks’s page—it contained copyrighted material—and have all the “likes” transferred to its own page. Facebook obliged and Mattocks sued, arguing that she should have the right to capitalize on the business opportunity she had created by getting a lot of people to approve of her page.

35
Closing Bell: TSX gets boost as Burger King buys Tim Hortons in US$11B deal

TORONTO — The Toronto stock market closed higher Tuesday, boosted in part by major corporate deal making as Burger King announced it’s buying Tim Hortons. The cash and stock deal is worth about US$11 billion and will create the world’s third-largest quick service restaurant company.

36
Macau Casino Workers Protest to Demand for Better Pay

Aug. 26 (Bloomberg) -- More than 1,000 casino workers in Macau took to the streets yesterday for a seventh time this year to demand better pay and working conditions in the world's largest gaming hub. Bloomberg Intelligence's Tim Craighead discusses the situation with Angie Lau on Bloomberg Television's "First Up." (Source: Bloomberg)

37
French Court Puts IMF Chief Lagarde Under Investigation

PARIS—A French court has put Christine Lagarde, head of the International Monetary Fund, under formal investigation for negligence in a corruption probe dating back to her days as France's finance minister.

38
GoPro goes to the dogs with its Fetch camera harness

Seeking to fill a void in people’s need to get a true dog’s-eye-view of the world, GoPro on Monday unveiled the Fetch, a harness specifically designed to strap onto the back, or underside, of your dog that you can attach a GoPro camera to your dog and record where Fido travels during the day. For 60 bucks you can get a Fetch and then marvel at the video Rover shot as he roamed around while lugging this electronic contraption.

39
Why S&P 2,000 could just be the beginning

The S&P 500 broke above 2,000 for the first time Monday, and according to one highly regarded technician, the easiest trade might just be the trade that’s been working all year.

40
Snapchat Fetches $10 Billion Valuation

Kleiner Perkins Caufield & Byers has agreed to invest in the fast-growing ephemeral message service Snapchat Inc. at a valuation of close to $10 billion, people with knowledge of the matter said.

41
Faber: More Market Volatility in Next 6-12 Months: Video

Aug. 26 (Bloomberg) -- Marc Faber, publisher of the Gloom, Boom & Doom report, talks about the outlook for global markets. Faber speaks with Matt Miller on Bloomberg Television's "In the Loop." (Source: Bloomberg)

42
American, US Airways sever ties with Orbitz

"We have worked tirelessly with Orbitz to reach a deal with the economics that allow us to keep costs low and compete with low-cost carriers," American Airlines President Scott Kirby said in a statement.

43
Mozilla taps India market with $33 smartphone

Mozilla has launched its first smartphone in India running its Firefox operating system (OS) for 1,999 rupees ($33) as it takes a swipe at the highly-contested low-end device market.

44
Why Burger King Is Really Buying Tim Hortons (It's Not About the Taxes)

This deal makes sense for several reasons. Burger King doesn’t have much of a breakfast business. Tim Hortons is a coffee-and-doughnuts joint; even if Schwartz maintains the chains as two separate brands, as he says he intends to, breakfast dollars accrue to Burger King. Schwartz can probably also convince the company’s deep-pocketed overseas franchisees to add Tim Hortons to their mix of restaurant offerings, although it remains to be seen whether a Canadian coffee chain will have the same appeal as the company’s flagship. Best of all, there are undoubtedly cost-cutting opportunities at Tim Hortons. Bloomberg News reports that Tim Hortons’ profit margin was 25 percent last year, compared with 50 percent at Dunkin’ Brands.

45
Millennials are reshaping India's travel industry

India's $135 billion tourism and hospitality industry is in the throes of a change. While rosy projections for a $418.9 billion market by 2022 led hoteliers to increase room capacity, an economic downturn over the past 5 years has dampened reality. Slowing economic growth over the past 5 years, soaring inflation, weak demand and high supply has shifted pricing power to the buyer.

46
Something’s out of whack with stocks and bonds

Rising borrowing costs “may just be the worst thing that could happen to risk assets,” said Bianco, who’s been circulating fixed-income commentaries for more than 20 years. “Be careful for all those people who want 3 percent yields; when you get that, you’re not going to like it because it’ll be because of inflation.”

47
Volvo Reveals Its BMW Killer, the XC90

The SUV also won’t be cheap to buy, starting at around $66,000 when it hits dealerships next year. The price, roughly in line with a BMW X5, is a sign of Volvo’s confidence that it can compete with its German rivals, which isn’t the case today. In July the average Volvo in the U.S. sold for $41,600, according to Edmunds.com, well below the averages for BMW (BMW:GR) ($48,900) and Mercedes-Benz (DAI:GR) ($56,300).

48
China Is Awash in Grain Crops

As the harvest looms next month, the country is on track for an 11th year of bumper grain crops. But production is too much, even for the world's most populous nation, with warehouses bursting at the seams and posing a dilemma for policy makers.

49
So you've been hacked... Now what?

Laurie Segall explains the simple steps you can take if one of your online accounts has been compromised.

50
Does McDonald’s Stand a Chance With Millennials?: Video

Aug. 26 (Bloomberg) -- NYU Sterns School of Business Professor J.P. Eggers and Miller Tabak & Co. Analyst Stephen Anderson discuss their outlook for McDonald’s on “Market Makers.” (Source: Bloomberg)

51 After decades of stalling, a day of reckoning for France - FT.com
52 Why China and Taiwan are divided
53 5 misguided myths about stock-market volatility - MarketWatch
54 U.S. Morning Links: Most Think the Rally Is Far From Over
55 Inside the $50,000 Emmys swag bags
56 Burger King Mulls Tim Hortons in Tax-Saving Deal : Video
57 Health Insurance Marketplace, Affordable Care Act
58 How to Get Girls Into Engineering? Let Them Build Toys
59 Amazon is eating Best Buy's lunch
60 Norway’s Wealth Fund Gains $31 Billion on Global Stock Surge
61 Vermont Quits War on Drugs to Treat Heroin Abuse as Health Issue
62 Irreversible Damage Seen From Climate Change in UN Leak
63 The Hedge Fund and the Despot
64 Instagram gets time-lapse videos moving with Hyperlapse app
65 Indian Grandmother Slays Leopard in 30-Minute Battle, Using a Sickle
66 Food Politics: The United States of Bacon and Kale
67 Investor Visas Soaked Up by Chinese
68 HitchBOT Draws Fans with Cross-Canada Journey
69 Break the 'Competency Curse'
70 Lou Gehrig Watch Draws $340,000; Johnny Manziel Jersey Not Sold
71 Talk Less, Listen More to Be the Friend of a Person With Depression
72 No more Cuban-style policies?
73 How Steve Ballmer Became a Rookie Basketball Mogul
74 China Is Awash in Grain Crops
75 How an Entrepreneur's Passion Can Destroy a Startup
76 Ban indoor e-cigarette smoking, warns WHO
77 Malaysia Airlines Plans Revival; Likely to Cut Staff, Routes
78 Napa Rushes to Fix Quake Mess as Drought Quickens Harvest
79 Take Back Control of Your Email Inbox Without Breaking a Sweat
80 Student Debt Threatens the Safety Net for Elderly Americans
81 U.S. Lays Groundwork for Syria Strike
82 Home prices crept up in June
83 Ryanair launches ‘business class’ as it aims for corporate market - FT.com
84 World Health Organization Calls for Tougher Rules on E-Cigarettes
85 Want a great 401(k)? Go work for an oil company
86 China Said to Consider $16 Billion EV-Charging Fund
87 The trouble with electing judges
88 $800,000 watch tells perfect time
89 Larger iPad Heralds Blurring Among Apple Devices
90 Japan Stem Cell Research Center Downsized
91 What Is Kabaddi? New League Draws Sellout Crowds in India
92 Smith & Wesson shares plunge 15%
93 After Disasters, Job Losses Ahead at Malaysia Airlines
94 Stocktoberfest - October, 2014
95 Premarkets: 4 things to know before the open
96 The Taliban With Oil Fields: Islamic State a Formidable Money Machine
97 The Role of Deception in Scientific Research
98 Facebook Is Cracking Down on Click Bait
99 Fracking Link to Birth Defects Probed in Early Research
100 U.S.-China Rivalry Simmers Underseas