Synergy Pharmaceuticals Inc., a developer of drugs for gastrointestinal disorders, increased the most in a year on investor optimism that its experimental treatment for irritable bowel syndrome may have helped patients in a study.
Babson Capital Management LLC hired Natig Mustafayev from Credit Suisse Group AG, adding to a team of newly hired emerging-market debt managers as the $198 billion investment firm pushes into developing countries.
Royal Bank of Scotland Group Plc has lost at least six senior debt traders and salesmen in the past month to rival firms as the British lender shrinks its investment bank and faces political pressure to reduce bonuses.
U.S. stocks rose a fifth day, capping the longest rally for the Standard & Poor’s 500 Index since October, on signs earnings are improving. The ruble slipped after a deadly clash in Ukraine, as gold and wheat fell.
Davy, Ireland’s largest securities firm, became the largest single shareholder in the country’s stock exchange under a plan that will allow the market’s six members to share a 27.5 million-euro ($38.1 million) windfall.
Treasuries rose, with 10-year yields reaching an almost four-week low, as Federal Reserve minutes damped bets policy makers were considering accelerated interest-rate increases and a decline in Chinese exports boosted safety demand.