Bloomberg News

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Ebola Drug Made From Tobacco Plant Saves U.S. Aid Workers

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The new drug, made by a tiny San Diego-based company, appears to be successfully treating two Americans who were infected with the deadly virus in Liberia.

Why Billionaires Salivate Over The U.S. Wireless Market

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T-Mobile US is becoming billionaire bait even though it’s the smallest national competitor in a market where the vast majority of the population already has a mobile phone.

Buffett Waits On Fat Pitch As Cash Hoard Grows

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With cash levels at Berkshire Hathaway rising to more than $50 billion, Warren Buffett has never had so much money to spend.

Millennials End Up In Stocks For Head Start On Retirement

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Concern about the future of the federal safety net and the ubiquity of 401(k)s are prompting those born from 1979 to 1996 to start saving earlier than prior generations.

Christie Pension Fixes Range From Unlikely To Unpalatable

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Governor Chris Christie faces an array of painful choices for curbing New Jersey’s $52 billion pension burden, and most won’t make a significant dent.

Boom Time For Office REITs

by Bloomberg News

Office buildings in top U.S. markets are getting so expensive that landlords are choosing to build rather than buy, spurring the most development by REITs in at least a decade.

Hess CEO Becomes Billionaire Following Singer Proxy Fight

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A little more than a year after settling a proxy fight with Paul Singer’s Elliott Management Corp., Hess CEO John B. Hess has become a billionaire as the stock hit a 5-year high.

Gross Left Behind In Pimco Return To Top

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Bill Gross promised in May that Pimco funds would be back on top by the end of the year. His prediction is looking good—unless you count funds Gross runs.

Ex-UBS Banker Weil Asks To Have Trial Witnesses Testify On Video

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Former UBS AG banker Raoul Weil, accused of helping Americans evade taxes, may be allowed to call fellow bankers as witnesses to testify from overseas by video because they fear arrest if they travel...

Twitter NYC Headquarters Sells To Schorsch REIT For $335 Million

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New York REIT Inc., led by Nicholas Schorsch, agreed to pay $335 million for a two-building property that’s home to Twitter's East Coast headquarters.

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