Jadeveon Clowney was selected by the Houston Texans with the No. 1 pick in the National Football League draft, while Johnny Manziel waited 2 1/2 hours before going 22nd overall to the Cleveland Browns.
Newcrest Mining Ltd., Australia’s largest gold producer, named Sandeep Biswas as chief executive officer in a boardroom clean out after a A$6.2 billion ($5.9 billion) writedown triggered a regulatory probe.
Newcrest Mining Ltd., Australia’s largest gold producer, will write down the value of its assets by as much as A$6 billion ($5.7 billion) after a slump in prices, sending its shares down to the lowest in eight years.
Newcrest Mining Ltd., the world’s third largest gold mining company by market value, said the company would acquire Harmony Gold Mining Co.’s 50 percent stake in the A$4 billion ($4.2 billion) Wafi-Golpu joint venture if it was for sale.
Billionaire hedge fund manager John Paulson, who backed away from his bullish bet on gold last year, kept his holdings of the metal unchanged in the fourth quarter as prices capped the biggest annual drop since 1981.