The U.S. Treasury Department has had Ally Financial Inc. in a regulatory headlock since its 2008 bailout. As the government sells shares in an initial public offering, Ally will soon breathe again -- and take on more risk.
Canadian stocks fell, paring the best weekly rally in a month for the benchmark equity index, as declines in health-care and technology companies overshadowed better-than-forecast growth in retail sales.
Housing starts in the U.S. were little changed in February after declining less than previously estimated a month earlier, indicating the home-building industry is stabilizing after bad winter weather curbed construction.
Service industries in the U.S. grew at a slower pace than forecast in February as employment slumped by the most in more than five years, showing frigid temperatures have caused the economy to struggle.
Billionaire developer Kwek Leng Beng said last year that skyrocketing prices and restrictive rules made buying residential land in Singapore “suicidal.” That hasn’t stopped international developers from rushing in.
Bidvest Group Ltd., the South African owner of businesses including catering and car dealerships, increased its stake in acquisition-target Adcock Ingram Holdings Ltd. to 32 percent, according to Chief Executive Officer Brian Joffe.