U.S. stocks declined with emerging- market equities while base metals drove commodities lower as an unexpected drop in Chinese exports fueled concern that growth in the world’s second-largest economy is moderating.
Chiquita Brands International Inc., owner of the namesake banana label, agreed to buy Ireland’s Fyffes Plc to create the world’s biggest supplier of the fruit for about 403 million euros ($559 million).
McDonald’s Corp., the world’s largest restaurant chain, said sales at stores open at least 13 months fell 0.3 percent in February as its U.S. business slumped for the fourth straight month amid harsh weather.
Libya’s navy impounded a tanker that was seeking to export crude from a rebel-held port, according to the national oil company, as the government battles to reassert control over its main source of revenue.
Malaysia widened the search area for a missing jetliner, dispatching ships to check debris in the South China Sea, as the hunt for clues spread to space with satellite surveillance in a mystery entering its fourth day.
West Texas Intermediate crude fell to a three-week low and Brent decreased after Chinese exports unexpectedly sank, bolstering concern that economic growth in the world’s second-biggest oil consuming nation will slow.
General Motors Co. hired Jenner & Block LLP Chairman Anton Valukas, who served as a U.S. Justice Department-appointed examiner of the downfall of Lehman Brothers Holdings Inc., to help lead an internal probe of an ignition- switch failure tied to at least 13 deaths.