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Latest Business News: Muni Board Watching General Obligation Debt in Detroit Case
The municipal bond market's self-regulator said the Detroit emergency manager's proposed treatment of general obligation bonds in the city's bankruptcy case risks changing how investors view what has long been considered the safest class of municipal debt. Kevyn Orr, Detroit's state-appointed manager, has said that general obligation bondholders will remain unsecured creditors in the $18.5 billion bankruptcy filing. Activision Blizzard Inc's CEO Bobby Kotick, who is shelling out $50 million of his own money in an $8.2 billion deal to buy back most of Vivendi's stake, said the world's largest video game publisher will be freer to pursue acquisitions and grow after emerging from its French parent's wing. Billionaire investor Steven A. Cohen's hedge fund pleaded not guilty on Friday to insider trading charges in federal court, as investors in the roughly $15 billion fund awaited word on plans for the fund's future. Several SAC Capital Advisors LLP clients said they had yet to be contacted officially by the firm in an investor-wide call or note.
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'One Chance' Trailer
The Weinstein Company
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You+Me - The Story of You+Me
Music video by You+Me performing The Story of You+Me. (C) 2014 RCA Records, a division of Sony Music Entertainment
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Steve Jobs would not let his own kids play on computers
The New York Times reports the Apple founder kept his kid's screen time to a minimum, and many Palo Alto parents agree. In the hottest tech center on the planet, parents are starting to draw the line on giving their kids technology. Len Ramirez reports.
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Yahoo On the Road
Yahoo On the Road Promotional Video
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'Good People' Clip: Looking for Evidence
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Domestic violence trends 'frustrating' for fellow athletes
Los Angeles Angels pitcher C.J. Wilson gives his take on the recent run of abuse incidents in the NFL and how they affect the perception of professional athletes.
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Streisand's First Late Night Appearance in 50 Years
Barbra Streisand made her first late night appearance since the 1960's when she took over Monday's "Tonight Show." Streisand was the only guest booked for the entire episode, and she celebrated the release of her new album of duets, by singing "duets" with Jimmy Fallon dressed as Elvis, Blake Shelton, and Michael Bublé. Jimmy welcomed Babs back to 30 Rock by insisting she sit behind his desk for her interview. Did you enjoy Streisand's appearance on "The Tonight Show?" Tweet our host, Michael Callahan, @MCa
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17 Photo Illusions You Won’t Believe Aren't Photoshopped
What if they aren’t actually illusions? Then what?
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'John Wick' Trailer