Asian stocks rose to the highest in five years led by Japanese equities, after the Bank of Japan maintained its easing plan and before Federal Reserve Chairman Ben S. Bernanke’s testimony on the economy. Oil declined.
America Movil SAB’s online-video service in Mexico needs an urgent review to determine whether it violates the terms of its phone license, three commissioners of the nation’s telecommunications agency said.
In Sept. 2006, Greenwich, Connecticut-based hedge fund Amaranth Advisors LLC collapsed after losing more than $6 billion in the natural-gas futures market. In “Hedge Hogs,” Barbara T. Dreyfuss tells the story of the math-whiz traders whose risky dance with deregulation led to the collapse.
Linda Poole can’t restrain herself when it comes to the most-polarizing topic in Montana: the reintroduction of purebred bison. As Poole sees it, the bison aren’t a cause. They’re cuddly fundraising mascots helping the American Prairie Reserve to raise money to advance its mission of land accumulation under the auspices of species preservation.