Cerberus Capital Management LP’s $9 billion deal to merge Safeway Inc. with Albertsons is a bet that a larger supermarket chain can better fend off an attack on the grocery business by big-box stores and online retailers.
U.S. stocks rose, with the Standard & Poor’s 500 Index erasing losses to close at a record, as data showing stronger-than-forecast jobs growth overshadowed concern the situation in Ukraine could worsen.
Hedge fund Aurelius Capital Management LP asked NII Holdings Inc. to reaffirm obligations under debt guarantees, saying the provider of Nextel mobile phone services in Latin America violated bond terms.
Vintage Capital Management LLC, the investment firm waging a takeover fight for rent-to-own furniture chain Aaron’s Inc., said it would consider raising its $2.2 billion offer if the company engaged in talks.
Citigroup Inc. and Guy Hands’s Terra Firma Capital Partners Ltd. will litigate their dispute over the 2007 sale of EMI Group Ltd. in the U.K., both sides said after agreeing to drop a $2.2 billion case awaiting retrial in New York.
Mexico’s benchmark bonds fell, pushing yields up for the first time in four days, after better- than-expected jobs data in the U.S. fueled speculation the Federal Reserve will keep reducing monetary stimulus.
American Airlines Group Inc. is heading for an annual profit analysts estimate at $3.5 billion, a record for the resurgent U.S. industry, as the carrier reaps merger benefits faster than in rivals’ tie-ups.
When John Bichelmeyer’s mutual fund fell 48 percent in 2008, he decided his portfolio needed an upgrade. The Buffalo Emerging Opportunities Fund would still invest in small companies with the potential to become big ones. What it wouldn’t do is invest in businesses that were burning cash, or in biotechnology firms whose prospects were difficult to gauge, Bloomberg Markets magazine will report in its April issue.