Consumer activist Ralph Nader and a free-market group whose funders include billionaires Charles and David Koch are part of a growing crowd urging the Senate to preserve value for investors in Fannie Mae and Freddie Mac.
A successful launch of a rocket with legs by Elon Musk’s Space Exploration Technologies Corp. may slash the costs of reaching space and give a boost to private space flight, former astronaut Chris Hadfield said.
The euro rallied to a two-month high against the dollar after European Central Bank President Mario Draghi said inflation is expected to rise gradually, damping bets policy makers will introduce further monetary stimulus.
President Barack Obama said a $32 million government grant to a maker of battery-driven trucks is an example of how government funding can help businesses generate jobs as the nation recovers from a “brutal recession.”
Mayor-elect Bill de Blasio’s plan to pump $1 billion of New York’s $144 billion in pension assets into apartments for poor and working-class residents faces constraints including competition from banks and declining federal aid.
China’s stocks rose, capping a fourth week of gains for the benchmark index, after an eastern Chinese city said it would subsidize home purchases, signaling some policy easing of property restrictions.
Copper may rally to a record $12,000 a metric ton in the first quarter as stronger-than-expected demand from China, the largest user, and tumbling inventories spur imports, according to Maike Futures Co.
Bulgarian Prime Minister Plamen Oresharski’s minority Cabinet survived a no-confidence vote called by former premier Boyko Borissov’s Gerb party, ending a political standoff exacerbated by four months of protests.