Edmund Kim joined ONCAP Management Partners in Toronto as a director from M/C Partners in Boston where he was vice president, according to Vlaad and Co., a Toronto-based financial services recruiting firm.
Treasuries declined after a measure of consumer confidence in May reached an almost six-year high and an index of leading economic indicators topped forecasts, as Federal Reserve officials debate the pace of asset purchases.
Aruba Networks Inc. fell the most in in more than five years after the maker of wireless-network equipment forecast quarterly results that trailed analysts’ estimates amid increased competition from Cisco Systems Inc.
Telus Corp.’s purchase of mobile- phone provider Mobilicity and the potential sale of another new entrant, Wind Mobile, is casting doubt on Canada’s ability to increase competition in the wireless market.
Fiat SpA’s deliberations over moving its headquarters to the U.S. after a merger with Chrysler Group LLC. sparked concern among Italian unions and politicians about the plans of the country’s biggest manufacturer.
Slaughter & May and Latham & Watkins LLP advised Thomas Cook Group Plc, the 172-year-old tour operator that required an emergency loan 18 months ago, on plans to raise 1.6 billion pounds ($2.4 billion) to restructure its borrowings as it cuts jobs and closes stores to pare costs.
Indian stock-index futures gained, signaling benchmark indexes may extend a rally after climbing to the highest since November 2010 yesterday, as overseas funds continued record purchases of local shares.