Municipal-bond investors seeking refuge from Detroit’s record bankruptcy may find it in Florida’s Reedy Creek Improvement District, which helps keep Walt Disney Co.’s Magic Kingdom running and is planning its biggest borrowing since at least 1990.
Bloomberg's Sheila Dharmarajan reports that Walt Disney Co. Chief Executive Officer Robert Iger will join first lady Michelle Obama to discuss new restrictions on junk-food advertising on its children’s television shows and websites. She speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)
From his 33rd-floor penthouse apartment with sweeping views of the Nile River, Naguib Sawiris, Egypt’s best-known billionaire and most prominent Christian, can hear the chants of Friday prayers in the distance. As he sits down to a breakfast of taameya and ful, dishes made from fava beans, demonstrators are gathering in Cairo’s Tahrir Square for a planned protest, this time aimed at stopping military trials of thousands of civilians arrested during the revolution that brought down the regime of President Hosni Mubarak.
“ The Sorcerer’s Apprentice ” is crammed with magic tricks: fire-shooting hands, a parade float turning into a ferocious dragon and a giant eagle carrying a man over the Manhattan skyline. This Disney movie is anything but magical, though.