Asian stocks fell after the yen strengthened overnight and valuations on the regional equities gauge climbed to a six-month high, with investors awaiting U.S. jobs data this week that may provide further evidence as to when the Federal Reserve will reduce stimulus.
Detroit, once the symbol of U.S. manufacturing muscle, was given the authority to try to pare billions in debt and slash employee pensions in a federal court ruling that may have implications for distressed cities across the U.S.
The University of Alabama opened a new football-training center last February. Any professional team would be happy to have it. The amenities include a $9 million weight room, a hydrotherapy pool with a Club Med–style cascade of hot water and an anti-gravity treadmill that’s more NASA than Nautilus. Coach Nick Saban goes over the finer points of football with his team in a 212-seat theater with a multiplex-sized screen. After practice, players shoot pool or kick back on a leather couch with a video game, Bloomberg Markets magazine reports in its January issue.
UniCredit SpA and Societe Generale SA sold bonds after borrowing costs for financial companies dropped by the most in six months in Europe amid confidence central banks will maintain stimulus measures.