New York City Comptroller Scott Stringer said the city’s $148 billion pension funds withdrew shareholder requests that Jarden Corp. and Microchip Technology Inc. diversify after they appointed women to their boards.
U.S. stocks fell, after the Standard & Poor’s 500 Index rose to within one point of a record close, as the International Monetary Fund warned of risks to global growth and Federal Reserve indicated stimulus cuts will likely continue.
U.S. stocks fell with Treasuries while the dollar gained as Federal Reserve meeting minutes indicated stimulus cuts would likely continue in measured steps and the International Monetary Fund warned of risks to global growth. Ukraine’s bonds tumbled while U.S. natural gas jumped.
CF Industries Holdings Inc., the largest U.S. producer of nitrogen fertilizer, was sued by the City of West, Texas, for more than $1 million in damages caused by the explosion of a local plant it supplied.
Corporate directors, who for years often dismissed activist investors as quick-profit seeking gadflys, are starting to listen when opinionated shareholders like Carl Icahn, Nelson Peltz and Mason Morfit come calling.
CF Industries Holdings Inc., the fertilizer producer that’s been criticized by activist hedge fund Third Point LLC over its dividend payments, said W. Anthony Will will succeed Chief Executive Officer Stephen Wilson as of Jan. 1.
U.S. stocks fell a fourth day, the longest slump in 10 weeks for the Standard & Poor’s 500 Index, as investors weighed economic data for clues on the timing of Federal Reserve stimulus cuts amid optimism over a budget deal.
CF Industries Holdings Inc., the fertilizer maker acquiring Terra Industries Inc., and Houston- based ATP Oil & Gas Corp. issued debt this week as sales of high-yield, high-risk corporate bonds rose 58 percent.