Grupo Pochteca SAB, the chemical distributor controlled by the family of billionaire Antonio del Valle, posted its biggest two-day rally in three years on optimism the company’s expansion plan will bolster profits.
Iberdrola SA Chief Executive Officer Ignacio Galan faced renewed criticism from his biggest investor, which analysts say may be plotting to undo the international expansion he carried out at the Spanish utility.
Mexichem SAB, the chemicals maker that has bought more than 15 companies since 2007, will seek to develop Mexico’s first shale-gas projects if the country sells licenses that would bypass a monopoly on fossil fuels.
The examiner for Washington Mutual Inc. issued his 353-page report late yesterday afternoon, concluding that the proposed settlement with the Federal Deposit Insurance Corp. and JPMorgan Chase & Co . “reasonably resolves contentious issues.”