Markets Now 12/27

Steve Ballmer is set to make $1 billion a year for doing nothing

For most people, passive income is a bit of extra pocket change that requires minimal effort to earn to supplement a main source of income. For Steve Ballmer, it’s $1 billion.  
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Toyota-owned automaker halts Japan production after admitting it tampered with safety tests for 30 years

Daihatsu, the Japanese automaker owned by Toyota, has halted production after admitting it falsified data in safety tests for its vehicles for 30 years.  
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Steve Ballmer is set to make $1 billion a year for doing nothing

For most people, passive income is a bit of extra pocket change that requires minimal effort to earn to supplement a main source of income. For Steve Ballmer, it’s $1 billion.  
Read full article

Here’s how roughly 4.5 million people managed to buy a home this year in the toughest market in a generation

This has been a year of superlatives in residential real estate – and not in a good way.  
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Austrian business school cuts ties with Harvard University ‘in solidarity with the Jewish student community’

The Lauder Business School in Vienna, Austria, has severed ties with Harvard University “in solidarity with the Jewish student community,” according to a statement from the institution.  
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Powerball jackpot rises to $700 million for grand prize winner ahead of Wednesday drawing

The top prize carries a lump-sum option of an estimated $352.3 million, according to the multistate game operator.  
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Source: CNN Business