The gap in yields between U.S. five-year notes and 30-year bonds dropped to the least in four years as economic growth beat estimates, boosting bets the Federal Reserve will raise interest rates next year.
Lululemon Athletica Inc. rose the most in a year and a half after new Chief Executive Officer Laurent Potdevin said he plans to speed up the yoga-wear retailer’s move into new markets around the world.
Raiffeisen Bank International AG, the Austrian bank making most of its profit in the former Soviet Union, said it expects the effect of the turmoil in Ukraine to be short-lived and won’t retreat from Russia.
Foreign demand for real assets may provide some relief for Turkey as it seeks to narrow the second- largest current-account deficit in developing nations amid a graft probe that is sucking cash from financial markets.
BYD Co., the Chinese automaker partially owned by Warren Buffett’s Berkshire Hathaway Inc., has revived plans to sell new stock equivalent to as much as 20 percent of its Hong Kong-listed shares, people familiar with the matter said. The stock fell.
Fenwick & West LLP represented Facebook Inc. in its $2 billion bid for Oculus VR Inc., the maker of a ski-goggle-like device called Rift, now used for playing games, that eventually could immerse people in experiences including classes and sporting events.