Ralph Whitworth’s proposal to break up Timken Co. helped boost shares of the ball-bearings maker 26 percent in five months. With the stock still trading at a discount to peers, shareholders stand to more than double that gain by voting in favor of his plan in May.
U.S. stocks climbed toward another record and gold advanced while the dollar weakened as corporate earnings topped estimates and signs of slower economic growth fueled bets the Federal Reserve will maintain stimulus.
U.S. stocks rose, putting the Standard & Poor’s 500 Index three points from a record, as corporate earnings beat estimates and signs of slower economic growth fueled bets the Federal Reserve will maintain stimulus.
Three-time champion Germany beat England 4-1 yesterday to reach a soccer World Cup quarterfinal against Argentina, a 3-1 winner against Mexico. Both games were overshadowed by controversial decisions from match officials.