Barrick Gold Corp. is raising at least $3 billion in Canada’s biggest equity issue since 2009 and shelving its embattled Pascua-Lama project as the miner scrambles to reduce debt after the metal plunged this year.
Barrick Gold Corp. has explored cash-raising options ranging from a strategic equity investment to a sale of part of its copper business during a months-long effort to cut debt, said people with knowledge of the matter.
Hershey Co.’s newly named interim chief executive officer, John Bilbrey , may emerge as the best candidate for the permanent job because the trust that controls the candy maker could scare off outsiders.
Alamos Gold Inc. is the best- performing gold stock since the metal entered a bear market in April as the company benefits from low costs at its Mexican mine and a cash pile that positions it to buy assets.
Chris Paul and Dwight Howard are two of the biggest names in the National Basketball Association’s free agency class of 2013. One appears to be staying in Los Angeles and the other could be on the way out.
CommVault Systems Inc.’s sales growth from data-management software could be enough to spur companies such as International Business Machines Corp. to pursue what would be the industry’s most expensive deal in a decade.