European Central Bank President Mario Draghi indicated that the bank stands ready to expand its stimulus programs if slowdowns in large developing economies and turbulence in financial markets hinder its ability to boost inflation to a target of just under 2%.
China’s multibillion-dollar ride-hailing market has erupted into a brawl between Uber and Beijing startup Didi Kuaidi. The two companies are fighting to raise funds for expansion while they compete to woo drivers to their private-car-hailing services and navigate China’s tough regulatory environment.
The United Auto Workers union is pitching Detroit auto makers on a proposed health-care purchasing cooperative as a way to lower employee costs and potentially raise funds to finance worker salary increases.
When Stephen Colbert takes over “The Late Show” next week, he’ll be up against Jimmy Fallon of “The Tonight Show” in the network ratings race. For years, Jay Leno and David Letterman had battled it out for late-night viewers. See how the ratings dynamics have changed.