Toyota Supplying Stations to Dealers for Sold-Out Hydrogen Car
Toyota Motor Corp. will supply temporary hydrogen stations to California dealerships selling its Mirai fuel-cell sedan as some buyers put off taking delivery of their cars until refueling infrastructure is set up.
Bank of Montreal Hits Annual Profit Target for U.S. Businesses
Bank of Montreal surpassed its goal of earning C$1 billion ($748 million) in annual profit from U.S. banking and wealth management -- four years after Chief Executive Officer William Downe set the target.
BMW Widens Lead Over Lexus Even With Incentive Spending Cut
BMW widened its lead over Toyota Motor Corp.’s Lexus, which boosted incentive spending in November while the German brand cut back, as the three-way U.S. luxury-auto sales race enters the homestretch. Mercedes-Benz delayed its results a day, leaving the year-to-date standings in doubt.
Amazon Working on Augmented Reality for the Living Room
Amazon.com Inc. is trying to lower the cost of augmented reality to bring a technology normally associated with futuristic military training and video-game conventions to living rooms.
Starbucks Pulls Turkey Sandwich From West Coast Stores After E. Coli Scare
Starbucks Corp. pulled its holiday turkey panini sandwiches from 1,347 U.S. locations last week after they were hit by the same E. coli strain as Costco Wholesale Corp.
Rupert Murdoch and Jerry Hall Root for U.S. at Think-Tank Gala
Rupert Murdoch agreed that a rugby match is more fun than a gala. But the media tycoon did what he could to make the Hudson Institute Global Leadership Award Dinner interesting: Jerry Hall, in flats, was his date (as she was at the Rugby World Cup final, where Murdoch’s homeland of Australia lost to the Kiwis). And he chose a team to root for -- America.
Ex-Nigeria Security Adviser, Two Others Arrested in Arms Probe
Nigerian authorities arrested three former government officials, including the national security adviser to the country’s past president, who were implicated in a report that alleged billions of dollars meant to buy weapons had gone missing.
Nigeria Approves $2.6 Billion Spending Plan for Fuel Subsidies
Nigeria’s Senate approved a supplementary spending plan on Tuesday for overdue fuel subsidy payments and more funds for troops fighting an Islamist insurgency in the northeast.
Volkswagen to Recall 323,700 Cars in India After Emission Tests
Volkswagen AG will recall about 323,700 cars in India after a government-ordered probe into its diesel models showed emissions exceeding permissible limits.
White House Announces 73 New Companies to Join Climate Pledge
Another 73 companies joined a White House pledge to reduce emissions and water usage, buy renewable energy or take other climate-friendly steps as part of President Barack Obama’s effort to enlist corporate backing for his efforts to combat climate change.
Video
Puerto Rico Makes Payments to Avoid Default
Puerto Rico said it made all principal and interest bond payments due Tuesday, averting a default on directly guaranteed debt and allowing the commonwealth to continue talks with creditors to reduce its $70 billion debt burden. Greylock Capital co-CIO Diego Ferro weighs in on "Bloomberg Markets." (Source: Bloomberg)
Bloomberg ‹GO› Full Episode (12/01)
Bloomberg ‹GO› hosted by Stephanie Ruhle and David Westin. Guests include Loews Corp. President and CEO James Tisch, Merck & Co. Inc. Chairman and CEO Kenneth Frazier and U.S. Treasury Secretary Jack Lew. (Source: Bloomberg)
UBS Traders May Face Sanctions in Probes
As many as seven UBS Group AG traders may face sanctions from Switzerland’s financial watchdog in the coming weeks, potentially the first individuals to be punished in the global currency-rigging scandal, said two people with knowledge of the situation. Bloomberg's Keri Geiger reports on "Bloomberg Markets." (Source: Bloomberg)
Will OPEC Cut Oil Production This Week?
Societe Generale's Mike Wittner discusses OPEC's policy meeting in Vienna this week. He speaks on "Bloomberg Markets." (Source: Bloomberg)
How the Fed Has Backed Themselves Into a Corner
Bank of America Merrill Lynch Wealth Management CIO Mary Ann Bartels discusses the U.S. economy and Fed policy. She speaks on "Bloomberg Markets." (Source: Bloomberg)