Bank of New York Mellon Corp. yesterday won a U.S. Appeals Court ruling affirming its entitlement to a $312 million lien on the holdings of the bankrupt suburban Chicago cash management firm Sentinel Management Group Inc.
Rising profits at Harley-Davidson Inc. are encouraging bond investors to lend to the biggest U.S. motorcycle maker at the lowest interest rates on record, further expanding the Milwaukee-based company’s margins.
HgCapital Trust Plc fell the most in two years after Oriel Securities and JPMorgan both called the private-equity investment fund’s earnings “disappointing” after writedowns on the value of underperforming businesses.
Financier John P. Calamos Sr . and his Calamos Asset Management Inc. were sued by an investor over claims they needlessly spent $280 million to redeem illiquid auction-rate securities in 2008 and 2009.
Robert Moffat, a former International Business Machines Corp. senior vice president, was sentenced to six months in prison for leaking information to Danielle Chiesi, a consultant for New Castle Funds LLC.
SVG Capital Plc, the biggest backer of private equity firm Permira Advisers LLP, said the value of its assets increased 25 percent in the second quarter, boosted by stock price gains for investments including Hugo Boss AG and Galaxy Entertainment Group Ltd.
Canacol Energy Ltd., a Calgary-based oil company that operates in Colombia, rose to a two-week high after saying output has grown 28 percent from the first-quarter average, soaring past its full-year target.