If everyone had kept quiet, it could have been the most valuable parking spot on earth. Convenient only to the careworn clothing stores clustered in the southern end of downtown Nogales, Arizona, it offered little to shoppers, and mile-long Union Pacific trains sometimes cut it off from much of the city for 20 minutes at a time.
L. Kevin Kelly, CEO at Heidrick & Struggles International Inc., talks with Bloomberg's Margaret Brennan about the lack of management talent available in the current job market. They speak on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)
Leona Miller, an 84-year-old retired beautician, says she was seeking safe and steady income from bonds two years ago when her Wachovia Corp. broker recommended she buy securities paying 9 percent interest.
Bank of America Corp. raised $4.7 billion selling structured notes to U.S. investors through June, the most of any issuer and more than its 2009 total, as sales of the securities rose to a record pace.
General Motors Co., the maker of the plug-in hybrid Chevrolet Volt, and LG Group have agreed to form a partnership to design and engineer future electric cars, a high priority of Chief Executive Officer Dan Akerson.