Investors like Barry Knapp of Barclays Capital, Michael Purves of Weeden & Co. and Michael Gayed of Pension Partners have been anticipating the Great Rotation from bonds to stocks for months. Today we have evidence it may finally have begun.
Euronext NV, the exchange operator preparing to be spun off after its acquisition by IntercontinentalExchange Group Inc., has made three new appointments to lead its derivatives, commodities and cash- equities businesses.
An hour after Ukraine’s lawmakers yesterday passed the laws needed to unlock a $27 billion international lifeline, protesters chanting “Revolution!” gathered by parliament, forcing deputies to evacuate.
Li & Fung Ltd. jumped the most in more than five years in Hong Kong trading after saying it will spin off a branded business whose products include Coach Inc. shoes and posting profit that beat analyst estimates.
Peter J. Taylor, the former head of public finance for Lehman Brothers Holdings Inc. who has been the chief financial officer of the University of California system since 2009, is stepping down to lead an educational foundation, the university said.