JBS SA, the world’s largest beef producer, hired units of JPMorgan Chase & Co. and Banco Bradesco SA for a 3 billion-real ($1.3 billion) initial public offering of its poultry and processed food unit, according to two people with direct knowledge of the matter.
Ally Financial Inc. investors who bought $2.38 billion of stock in an initial public offering yesterday join hedge fund manager Dan Loeb and private equity executive Stephen Feinberg seeking to profit from auto lending.
The U.S. Treasury Department has had Ally Financial Inc. in a regulatory headlock since its 2008 bailout. As the government sells shares in an initial public offering, Ally will soon breathe again -- and take on more risk.
Ibovespa futures rose, following the stock gauge’s third straight weekly gain, as a measure of inflation in Brazil climbed less than forecast and a poll showed reduced support for President Dilma Rousseff’s re-election.
Former ABN Amro Netherlands Chief Executive Officer Jan Peter Schmittmann committed suicide after killing his wife and one of his daughters, Dutch police said, as his family said he suffered from depression.