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NY regulator Subpoenas firms on housing-contract deals

  Bloomberg New York’s financial regulator has issued subpoenas to two companies with ties to Apollo Global Management LLC as part of an inquiry into housing transactions for low-income buyers. The New York State Department of Financial Services subpoenaed ARM Manager LLC, an indirect Apollo subsidiary, and the real estate investment trust it manages, Apollo Residential Mortgage Inc., asking for ...

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A new oil star honks horn

  Bloomberg Investors looking for a break from the doom and gloom of the past two years in the oil market need only turn to a hot, noisy lot in Mumbai. There on a recent Saturday, a tall, cricket-loving, 34-year-old engineer named Anil Gaikwad took part in a rite of passage that for nearly a century has helped define entry ...

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Dear delivery devours food startups

  Bloomberg As entrepreneurs around the world founded technology startups in the past few years to deliver food to diners’ doors, perhaps no market grew quite as riotously as India. Customers could order entrees, main dishes and desserts from different startups, none of which required a minimum order. Discounts were plentiful and delivery was free. Now the all-you-can-eat buffet is ...

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