Canadian stocks rose the most since February as commodity producers rallied on a jump in copper and crude prices on concern the crisis in Ukraine is escalating and better-than-expected economic growth in China.
Alibaba Group Holding Ltd. is planning to award about one-third of the fees for its initial public offering in the form of incentive bonuses to coax better performance from underwriters, people with knowledge of the matter said.
Intel Corp.’s main personal- computer processor business is showing signs of improvement after a record industry slump, yet the company’s push to get into faster-growing mobile-phone chips has gone backward.
Johnson Controls Inc., seeking to reduce its reliance on the cyclical auto industry, agreed to acquire Canada Pension Plan Investment Board’s Air Distribution Technologies for $1.6 billion to add ventilation products.
RWE AG, the German utility that reported its first loss in at least 65 years last year, expects its earnings base to “largely stabilize” from 2015 as it takes steps to overcome revenue shortfalls caused by the country’s shift out of nuclear power.