MMX Mineracao & Metalicos SA, the iron-ore producer of Brazilian billionaire Eike Batista, had it biggest five-day decline since August after posting a quarterly loss that was seven times bigger than analysts’ expectations.
MMX Mineracao & Metalicos SA, the iron-ore producer of Brazilian billionaire Eike Batista, named Carlos Gonzalez as chief executive officer, the company’s second change of its top executive in the last 15 months.
Growing up in poverty on the streets of Bridgeport, Connecticut, Carlos Gonzalez sold heroin and crack cocaine and eventually landed in jail. Now he cleans the kitchens of Greenwich private schools and of financial companies UBS AG and Royal Bank of Scotland in Stamford.
MMX Mineracao & Metalicos SA, the iron-ore producer controlled by Brazilian billionaire Eike Batista, fell to a six-week low after changing its chief executive officer for the second time in 15 months.
Not long ago, British businessman Ryan Cornelius was living the high life, doing deals out of Bahrain and taking his family big-game fishing on his yacht and on safari in Kenya. He’s now into his third year in a Dubai jail cell, yet to be convicted of anything.
Mexico has 10 companies planning initial share offerings that may proceed when economic conditions improve, said Luis Tellez, chairman and chief executive officer of Bolsa Mexicana de Valores SAB, the nation’s stock exchange operator.