Bloomberg Business

IMF Boss Says Egypt to ‘Bleed’ Reserves Unless It Devalues

Egypt will “bleed” precious reserves unless it devalues its currency again, the managing director of the International Monetary Fund said, as she praised other steps her institution’s second-largest borrower has taken to right its stricken economy.

Mexico Stocks Sink After Government Alters Airport Fees

Mexico President Andres Manuel Lopez Obrador renewed his broadside challenge to the country’s business interests with an unexpected change to airports’ concessions agreements, sending stocks tumbling and adding pressure to the peso.

NYC Subway Gunman Gets Life in Prison for Rush Hour Attack

The New York man who tossed smoke grenades into a packed Brooklyn subway car, then opened fire with a handgun during a morning rush hour attack last year, was ordered to serve 10 life sentences in prison plus 10 extra years.

Clorox Reels After Cyberattack Woes Spur Analysts to Sour on Shares

Clorox Co. slumped to the lowest in more than a year after the maker of bleach and other cleaning products detailed the financial impact from an August cyberattack, prompting at least one downgrade and several price-target cuts on Wall Street.

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