Prime Minister Shinzo Abe has been urging Japan’s companies to spend their growing piles of money to bolster the country’s economy. Toyota Motor Corp., with cash swelling to about $37 billion, is beginning to comply.
Sandeep Aggarwal, a former research analyst accused of giving inside tips about a Yahoo! Inc. and Microsoft Corp. venture to former SAC Capital Advisors LP fund manager Richard Lee, won release on a $500,000 bond.
Takeshi Fujimaki, a former adviser to billionaire investor George Soros who won a seat in Japan’s upper house of parliament last month, said a delay in increasing the sales tax and reduction of Federal Reserve stimulus could cause the nation’s government bond “bubble” to burst.
Lawrence Summers’s personal website includes two biographies and traces his career from Harvard University president to director of President Barack Obama’s National Economic Council. The site says he’s now teaching at Harvard and serving on corporate and nonprofit boards.
TMX Group Ltd. is the worst- performing exchange stock in North America this year, as a rout in global commodity prices cuts equity trading volume and a bank-led competitor prepares to enter the business.
Saudi Arabia appointed Adel Al-Ghamdi as chief executive officer of the Arab world’s largest stock exchange, amid bets the kingdom will open its $416 billion market to foreign investors as early as next year.
When Hamish Douglass’s first child was born in 1999, he wrote to Berkshire Hathaway Inc. Chairman Warren Buffett to tell him that he had bought shares of the company to give to his son when he turned 21.