Brothels in Nevada Suffer as Web Disrupts Oldest Trade

In a dim parlor furnished with red velvet couches and a stripper pole, Brooke Taylor is having a sale on herself.
Read more: Bloomberg news

Assad’s Brother Seen Linked to Syria Chemical Attack

The powerful brother of Syrian President Bashar al-Assad is suspected of authorizing the chemical weapons attack that killed hundreds of Syrian civilians, according to a United Nations official who monitors armed conflicts in the region.
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U.S. Sees Multiday Syria Strikes as U.K. Goes to UN

U.S. officials planning potential military strikes on Syria aren’t limited to a one-day operation, an administration official said, as the U.K. drafted a United Nations resolution to condemn last week’s suspected chemical attack.
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Currency Spikes at 4 P.M. in London Provide Rigging Clues

In the space of 20 minutes on the last Friday in June, the value of the U.S. dollar jumped 0.57 percent against its Canadian counterpart, the biggest move in a month. Within an hour, two-thirds of that gain had melted away.
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Jail Becomes Home for Husband Stuck With Lifetime Alimony

Ari Schochet has grown so accustomed to being sent to jail for missing alimony payments that he goes into a routine.
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Syria Is Headed for Western Strike, Russia Says

The U.S. and its allies are on a “slippery slope” to military intervention in Syria that will have “extremely dangerous” consequences for the region, Russian Foreign Minister Sergei Lavrov said.
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Federer Betrayed by Serve in Bid to Match Agassi as Champ at 32

Roger Federer enters the U.S. Open with his lowest seeding since 2002, hitting fewer aces and struggling with service returns as he tries to add to the lone Grand Slam championship he has won in the past 3 1/2 years.
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Lew Tells Congress Treasury to Hit Debt Limit in Mid-October

The U.S. will hit the $16.7 trillion debt ceiling in mid-October, Treasury Secretary Jacob J. Lew said in a letter urging Congress to raise the limit “as soon as possible.”
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Tesla Market Value Reaches $20 Billion on EV Optimism

Tesla Motors Inc.’s market value exceeded $20 billion in intraday trading on investor optimism that Elon Musk can keep widening the appeal of electric-powered cars as the company’s sales increase.
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Ford Fusion Output Boost Tests $2,300 Premium Over Camry

Ford Motor Co. has bigger aspirations than challenging Toyota Motor Corp.’s Camry. Its Fusion is about to take on the law of supply and demand.
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Fed Officials Rebuff Coordination Calls as QE Taper Looms

Federal Reserve officials rebuffed international calls to take the threat of fallout in emerging markets into account when tapering U.S. monetary stimulus.
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World Powers Seek Syria Action as UN Probes Allegations

World leaders from Washington to Istanbul called for action to punish Syrian President Bashar Al- Assad for what they said was his use of chemical weapons as United Nations inspectors attempted to probe the allegations.
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Prosecutors Seek Severe Punishment as Bo Xilai’s Trial Ends

Ousted Politburo member Bo Xilai deserves severe punishment because he refused to admit guilt on bribery, embezzlement and abuse of power charges, Chinese prosecutors said as his trial ended today.
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Russia Offers Fukushima Cleanup Help as Tepco Reaches Out

Russia repeated an offer first made two years ago to help Japan clean up its accident-ravaged Fukushima nuclear station, welcoming Tokyo Electric Power Co.’s decision to seek outside help.
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Nasdaq Halts Trading in Stocks, Options Amid ‘Issue’

Computer breakdowns shook American equity markets again today as malfunctioning software that feeds data between exchanges prompted Nasdaq Stock Market to halt trading in thousands of stocks and options.
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Circumcision Rate Drops as U.S. Societal Opinions Waver

The circumcision rate for newborn males in the U.S. dropped 10 percent in the past three decades, amid fluctuating medical guidelines, changes in the immigrant population, and a growing movement that opposes the practice.
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India’s Richest Man Loses $5.6 Billion as Rupee Stumbles

Mukesh Ambani, India’s richest man, is the biggest loser among the country’s billionaires as the rupee’s slump to record lows erased 24 percent of his fortune.
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Tesla Aiming for China After Hundreds of Hong Kong Orders

When Bem Ho discovered the minivan he drives doesn’t earn him much respect, he ordered a set of wheels that will turn more heads: a Model S electric sedan from Tesla Motors Inc.
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Abandoned Dogs Roam Detroit in Packs as Humans Dwindle

As many as 50,000 stray dogs roam the streets and vacant homes of bankrupt Detroit, replacing residents, menacing humans who remain and overwhelming the city’s ability to find them homes or peaceful deaths.
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FOMC Minutes Show Broad Support for Tapering Timeline

Federal Reserve policy makers considering when to reduce bond buying were “broadly comfortable” with Chairman Ben S. Bernanke’s plan to taper this year if the economy strengthens, with a few saying a reduction may be needed soon, minutes of their last meeting show.
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U.S. Stocks Fall as Fed Minutes Show Support for Tapering

U.S. stocks fell, giving the Dow Jones Industrial Average its longest slump in 13 months, as minutes of the Federal Reserve’s July meeting showed officials support stimulus cuts this year if the economy improves.
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Disney Opening Sabotaged by Fake Tickets, Balky Plumbers

“Walt’s dream is a nightmare.” “Crowds gripe over long waiting lines.” “Opening day was a confused mess.”
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Mailman at 72 With America’s Longest Route

He’s on County Road 1680 moving like a black-tailed jackrabbit under the big-bowl Oklahoma sky, a tiny dot in his Ford Ranger out on the edge of the world when the flying red stinger ants show up.
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Goldman Sachs Said to Send Stock-Option Orders by Mistake

A programming error at Goldman Sachs Group Inc. caused unintended stock-option orders to flood American exchanges this morning, roiling markets and shaking confidence in electronic trading infrastructure.
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Amazon Ramps Up $13.9 Billion Warehouse Building Spree

Amazon.com Inc. is stepping up a warehouse building spree, signaling the urgency of getting products to customers more quickly amid rising competition from EBay Inc. and Wal-Mart Stores Inc.
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Christie Says Gayness Inborn as He Signs Therapy Measure

New Jersey Governor Chris Christie, a Republican who has opposed same-sex marriage, said that homosexuality is inborn and not a sin.
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Capital Flows Back to U.S. as Markets Slump Across Asia

Asia’s role as the world’s growth engine is waning as economies across the region weaken and investors pull out billions of dollars.
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Obama Focuses on Risk of New Bubble Undermining Broad Recovery

President Barack Obama, who took office amid the collapse of the last financial bubble, wants to make sure his economic recovery doesn’t generate the next one.
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Samsung, Sony Said to Plan Device Debuts Ahead of IPhone

Samsung Electronics Co. and Sony Corp. are said to be unveiling new devices next month as two of Asia’s biggest technology companies try to showcase their products before Apple Inc. releases new iPhones and iPads.
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Israel Boosts Ties With Egyptian Army as U.S. Mulls Cuts

Israel is working closer with Egyptian forces to fight militants in Sinai even as top ally U.S. weighs cutting aid to Egypt over a crackdown against Islamists that has killed almost 1,000, former diplomats and officials said.
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Repo Market Decline Raises Alarm as Regulation Strains Debt

Regulations aimed at reducing the risk of another financial crisis are starting to upend a key part of the bond market that expedites trading in everything from Treasuries to junk bonds.
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Philippines Shuts Financial Markets, Offices Amid Floods

Three people were killed and three are missing after heavy rains flooded the Philippine capital and nearby provinces, shutting financial markets, schools and government offices.
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Ferrari NART Spyder Sets $27.5 Million Auction Record

A rare 1960s Ferrari convertible sold for a record $27.5 million in a weekend car auction.
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India Markets Plunge Pressures Singh as Economy Teeters

India’s biggest two-day stock market slide since 2009, surging bond yields and a plunge in the rupee to a record low are pressuring officials for fresh steps to stem capital outflows and support the economy.
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Sorry Maserati, BMW’s $131,000 M6 Beats You on Looks

I pull a 2014 BMW M6 Gran Coupe, costing $131,000, into a New Jersey parking lot next to a rare $173,000 Audi R8 convertible supercar.
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U.S. Stocks Fall Most Since June as Data Fuel Fed Concern

U.S. stocks fell the most since June as forecasts from Cisco Systems Inc. and Wal-Mart Stores Inc. disappointed while improving economic data pushed bond yields higher amid concern the Federal Reserve will reduce stimulus.
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Jobless Claims in U.S. Decline to Lowest Level Since 2007

Employers fired the fewest workers last week since before the recession began almost six years ago, raising expectations that bigger job gains will soon give U.S. consumers the ability to boost spending.
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India Fighting Worst Crisis Since ’91 Seeks to Buoy Rupee

India increased efforts to stem the rupee’s plunge and stop capital outflows that are pushing the economy toward its biggest crisis in more than two decades.
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Blackstone’s Gray Becomes Billionaire Amid Property Wager

Jonathan Gray, the 43-year-old who runs Blackstone Group LP’s real estate business, is the latest billionaire to emerge from the world’s largest manager of private equity and property.
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Stocks Fall, Bond Yields Rise on Economy; Oil Advances

Stocks fell, with European shares snapping a five-day rally and U.S. benchmark indexes reaching one-month lows, as improving economic data triggered losses in government bonds that sent Treasury yields to two-year highs. Energy and agriculture led commodities higher.
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Egypt Brotherhood Torches Building as Death Toll Rises

Members of Egypt’s Muslim Brotherhood torched government headquarters in Giza and called for rallies nationwide as the deathtoll from a crackdown on the supporters of ousted President Mohamed Mursi rose above 500.
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Gold Investors Seek Alpine Haven in Swiss Army Bunkers

The week after Cyprus said in March it would impose a levy on bank deposits of more than 100,000 euros ($132,000) amid Europe’s debt crisis, Rene Buchwalder’s business boomed.
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UPS Jet Crash in Alabama is Latest Fatal Cargo Accident

The deadly crash of a United Parcel Service Inc. plane that struck a hillside short of an Alabama runway yesterday is the latest for an air-cargo industry that’s experienced many more fatal wrecks than U.S. passenger carriers.
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Italy Bonds Gain on GDP as Oil Leads Commodities Lower

Italian and Spanish bonds rose, while European stocks erased losses after the euro area exited its longest-ever recession. Oil led commodities lower and U.S. equity-index futures dropped.
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Hong Kong Lowers Storm Signal as Typhoon Closes on China

Hong Kong lowered its storm warning signal as Severe Typhoon Utor swept past the financial center toward China’s coast.
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AMR-US Airways Deal Opposed by U.S. in Antitrust Suit

American Airlines’ merger with US Airways Group Inc. should be blocked, the U.S. said in an antitrust suit that upends American’s plans to exit bankruptcy through a deal that would create the world’s biggest airline.
Read more: Bloomberg news

IPhone Fingerprint Reader Talk Boosting Biometric Stocks

As the technology world buzzes with speculation that the next iPhone will have a fingerprint reader, makers of biometric security devices are bracing for a race among smartphone makers to adopt the technology.
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Apple Said to Prepare Holiday Refresh of IPhones to IPads

Apple Inc. is preparing for a busy close to the year with the debut of a new iPhone and iPad models, seeking to retain its position in the increasingly crowded smartphone and tablet markets.
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Stocks Rise With Commodities as Yen, German Bonds Fall

Stocks rose, with European shares climbing to the highest level since May, and commodities gained as German investor confidence topped forecasts and U.S. retail sales increased. The yen weakened and Italy’s bond yield premium to Germany narrowed to a two-year low.
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Europe Growing Again Means Boost for Global Economy

The euro area is turning into more of a help than a hindrance for the world economy.
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BlackBerry Mulls Putting Itself up for Sale

BlackBerry Ltd., the struggling Canadian smartphone maker, is considering putting itself up for sale after the lackluster debut of the BlackBerry 10 lineup dimmed its prospects as an independent company.
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Euro Area’s Recession Seen Over as Champagne Kept on Ice

The euro-area economy probably edged back to growth last quarter for the first time since 2011, ending the longest recession since the single currency union started 14 years ago.
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Yen Drops on Japan Economy as Gold Rises, U.S Stocks Fall

The yen weakened against most of its major peers after the Japanese economy expanded less than estimated. Gold and silver advanced, while stocks fell in the U.S. and traded little changed in Europe.
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Bond Hubris Overwhelms Fed in Riskiest Credit-Market Sectors

Bond investors trying to divine when the Federal Reserve will reduce its unprecedented monetary stimulus are increasingly looking to the riskiest parts of the debt market, which are booming like before the financial crisis.
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Asiana Offers San Francisco Crash Victims $10,000 Payout

Asiana Airlines Inc., the South Korean carrier that suffered a fatal jet crash in San Francisco last month, plans to pay an initial compensation of $10,000 each to survivors.
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Dollar Snaps Six-Day Slump Before Retail-Sales Report

The dollar gained versus the majority of its 16 most-traded peers before U.S. data forecast to show tomorrow that retail sales rose for a fourth month, backing the case for the Federal Reserve to reduce stimulus.
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Hedge Funds Trim Gold Bets on Stimulus Speculation

Hedge funds cut bullish gold bets by the most since June amid speculation about whether the Federal Reserve will begin trimming its monthly bond purchases.
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Monster Zombie Spider to Crush Super Mario’s China Dreams

He’s pudgy, middle aged and wears dungarees. So what makes investors believe Nintendo Co.’s Super Mario can take on Tencent Holdings Ltd.’s giant, undead spider Vilemaw in its Chinese lair?
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Bezos Paid a ‘Friendship Premium’ for the Washington Post

Jeff Bezos’s purchase of the Washington Post may look like a steal, yet it came at a rich valuation that newspapers such as the New York Times Co. may only dream of obtaining.
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Stocks Fall With Commodities as Yen Advances; Gilts Drop

Stocks declined and commodities fell for a fourth day while the yen strengthened as Federal Reserve officials indicated they may pare bond purchases. U.K. gilts slid and the pound gained after the Bank of England raised its growth forecast even as it tied interest rates to unemployment.
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Credit-Crisis Oracle Rajan to Head India’s Central Bank

Raghuram Rajan, whose 2005 warning of a financial crisis was described as “Luddite” by former Treasury Secretary Lawrence Summers, now has the chance to fix another fault line: one caused by foreign-capital flight from India.
Read more: Bloomberg news

McDonald’s Franchisees Rebel as Chain Raises Store Fees

McDonald’s Corp., already struggling to sell burgers in the U.S., now must contend with a brewing franchisee revolt.
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NYC’s Good Times May Sour Like Detroit’s, Bloomberg Warns

New York Mayor Michael Bloomberg invoked Detroit’s bankruptcy to recall the most populous U.S. city’s own brush with insolvency and warn its residents that they shouldn’t take the current fiscal well-being for granted.
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New Crisis Lurks in Cure for Old as Danish Probe Shows Risks

The one-year mortgage bonds that helped homeowners keep up debt payments during the toughest months of Denmark’s recession now pose a threat to economic stability, according to the head of a government commission investigating the causes of the financial crisis.
Read more: Bloomberg news

Goldman to Axa Ride London’s Crossrail Office Boom

London’s high-speed rail project is helping to drive an office-building boom on the City of London’s western edge as investors rejuvenate aging sites like Smithfield Market near future transport hubs.
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Citigroup Haunts Abu Dhabi as Fund Caught in Brazil Meltdown

Mubadala Development Co., the Abu Dhabi sovereign wealth fund, is fighting to avoid losses on its $2 billion investment in Eike Batista’s companies as the former billionaire seeks to save his commodity empire from collapse.
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China’s Debt Surge Pressures Xi-Li to Avert Lost Decade

A Chinese lending spree of the magnitude that tipped Asian nations into crisis in the late 1990s and preceded Japan’s lost decades is putting pressure on top leaders to map out a strategy to tackle the threat.
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Hirai Under Pressure to Revive Sony After Rejecting Loeb

Sony Corp.’s rejection of billionaire Daniel Loeb’s push to sell part of its entertainment assets puts more pressure on Chief Executive Officer Kazuo Hirai to revive the company’s sagging film and electronics businesses.
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Tokyo Cheap to Hong Kong Luring Asian Bargain Hunters

When Julia Chang, a 48-year-old Taiwanese who divides her time between Taiwan and Tokyo, decided to diversify her family’s overseas investments, she settled on real estate in the Japanese capital where prices have slumped for two decades.
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European Shares Pare Gains as Oil Declines, Kiwi Weakens

European shares pared gains in a six- day rally as oil declined. New Zealand’s currency weakened and U.S. milk futures climbed after an exporter said some shipments may contain a bacteria that can cause botulism.
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Gold Bulls Cut Wagers on Signs U.S. Growth Quickens: Commodities

Hedge funds lowered bullish gold bets for the first time in five weeks as signs of accelerating U.S. growth contributed to the longest retreat in prices in a month.
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IPhone Reprieve Seen Aiding Apple Sales, Hurting Samsung

The U.S. decision to overturn an import ban on Apple Inc.’s older iPhones and iPads may help short-term sales and hobble Samsung Electronics Co. in any settlement talks in the companies’ patent fight.
Read more: Bloomberg news

Terror Threat Extends U.S. Embassy Closures to Aug. 10

At least 19 U.S. embassies and consulates in predominantly Muslim countries will remain closed through the week as the State Department stays on guard for potential terrorist attacks.
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Treasuries Rebound With Gold on Payrolls as Stocks Drop

Treasuries rallied after U.S. employers added fewer workers than anticipated in July even as the jobless rate dropped. Gold rebounded and the dollar weakened while U.S. stocks fluctuated.
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Tourre’s Junior Staff Defense Seen Leading to Trial Loss

Fabrice Tourre, the former Goldman Sachs Group Inc. vice president found liable for his role in a failed $1 billion investment, may have lost his case because jurors rejected his defense that as a junior employee he wasn’t primarily responsible for the transaction.
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Berlusconi Tax-Fraud Conviction Sets Up Italian Senate Showdown

Silvio Berlusconi’s conviction for tax fraud, upheld late yesterday by Italy’s top court, set up a Senate showdown over his potential expulsion from parliament.
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Putin Shows Global Mojo to Russians as U.S. Fumes Over Snowden

Russian President Vladimir Putin is showing his gamesmanship on a global stage by giving his voters what they want with the asylum granted to ex-U.S. contractor Edward Snowden, while leaving the White House flustered.
Read more: Bloomberg news

Treasuries Rebound With Gold on Payrolls as Stocks Drop

Treasuries rallied after U.S. employers added fewer workers than anticipated in July even as the jobless rate dropped. Gold rebounded and the dollar weakened while U.S. stocks fluctuated.
Read more: Bloomberg news

Tourre’s Junior Staff Defense Seen Leading to Trial Loss

Fabrice Tourre, the former Goldman Sachs Group Inc. vice president found liable for his role in a failed $1 billion investment, may have lost his case because jurors rejected his defense that as a junior employee he wasn’t primarily responsible for the transaction.
Read more: Bloomberg news

Berlusconi Tax-Fraud Conviction Sets Up Italian Senate Showdown

Silvio Berlusconi’s conviction for tax fraud, upheld late yesterday by Italy’s top court, set up a Senate showdown over his potential expulsion from parliament.
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Putin Shows Global Mojo to Russians as U.S. Fumes Over Snowden

Russian President Vladimir Putin is showing his gamesmanship on a global stage by giving his voters what they want with the asylum granted to ex-U.S. contractor Edward Snowden, while leaving the White House flustered.
Read more: Bloomberg news

Airbus Hunchback Beluga Plays Star Role in A350 Ramp-Up

Airbus SAS’s efforts to crank out ever-more aircraft relies on a fleet of transport planes that resemble a cross between two of France’s most popular literary characters: Cyrano de Bergerac and the Hunchback of Notre Dame.
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Siemens Seeks Insider Boost by Naming Veteran Kaeser CEO

As Siemens AG supervisory board representatives met over the weekend to discuss the ouster of Chief Executive Officer Peter Loescher, his successor traveled 110 miles to his home Bavarian village of Arnbruck to celebrate the arrival of a new fire truck.
Read more: Bloomberg news