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Shanghai authorities discuss ways to cool property

Bloomberg Shanghai authorities held a meeting to discuss measures to cool a surge in property prices after recent frenzied residential homebuying, according to people familiar with the matter. The municipal government’s National Development and Reform Commission held discussions with regional authorities from the People’s Bank of China (PBOC) and the China Banking Regulatory Commission (CBRC) , said the people, who ...

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Manhattan luxury rental prices fall as condo buyers seek tenants

Bloomberg At One Riverside Park, a new luxury-condo tower on Manhattan’s Upper West Side, a never-lived-in four-bedroom apartment is available for rent at $22,995 a month, about $2,000 less than the owner was seeking in January. The 2,830-square-foot (260-square-meter) dwelling, with floor-to-ceiling windows and panoramic views of the Hudson River, has competition for tenants. Forty-five percent of the 161 units ...

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Yahoo CEO confident of new turnaround plan

Bloomberg Marissa Mayer is hopeful of keeping her job leading Yahoo! Inc. even if the struggling Web pioneer changes hands. Under pressure from investors and facing a potential proxy fight, the chief executive officer has pledged to do what’s best for shareholders as Yahoo reviews alternatives for separating its core internet business from a stake in Alibaba Group Holding Ltd. ...

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