U.S. stocks advanced, halting a five- day slide for the Standard & Poor’s 500 Index, as investors weighed better-than-forecast jobs growth to gauge the strength of the economy and timing of Federal Reserve stimulus cuts.
Robinson Cano agreed to a contract with the Seattle Mariners that’s worth around $240 million over 10 years, a person involved with the negotiations said, ending a nine-season run with the New York Yankees that included five All-Star Game appearances and a World Series title.
Sales of dollar-denominated corporate bonds soared to a record for the second straight year, led by speculative-grade borrowers that rushed to offer debt before the Federal Reserve cuts its unprecedented stimulus.
Standard Chartered Plc said wealthy clients’ confidential information was stolen in Singapore from a printing company, underscoring the vulnerability of global banks to attacks from hackers and thieves.
NewStar Financial Inc., the lender backed by private-equity firms Corsair Capital LLC and Capital Z Partners Management LLC, is extending its sale process into 2014, three people familiar with the matter said.
The bankers are in New York, the exchange is in London and the aluminum is stored mostly around Detroit. The buyers of the metal suing over allegations of price manipulation are scattered across the U.S.