DuPont Co., the maker of Pioneer genetically modified corn, reported lower-than-expected first- quarter sales and earnings after North American farmers delay preparations for planting because of severe winter weather.
The world’s largest retirement fund should seek to sell 25 trillion yen ($245 billion) of Japanese bonds as soon as possible, said the head of a panel that advised the government on overhauling pension investments.
This week’s notable deaths included an Oscar-winning child star who kept working into his 90s; one of Canada’s longest-serving finance ministers who stepped down last month to work in the private sector; and a model and U.K. television personality whose punk rocker father staged concerts to raise money for famine relief. Below are summaries of these and other obituaries from the past week.
Late last Friday, billionaire Patrick Drahi put the bankers he assembled to finance a $23 billion bid for Vivendi SA’s French phone unit on the spot. He wanted to increase the cash portion of his offer by more than $2 billion, with a record amount of loans giving lenders little protection if the fortunes of the combined company diminish.