Carnival Corp., the cruise operator beset by mishaps at sea this year, said Micky Arison will step down as chief executive officer next week after 34 years while remaining chairman. The stock rose the most in almost two years.
Las Vegas Sands Corp., the casino company controlled by Sheldon Adelson, will consider a special dividend or stock buyback at a board meeting late this month, according to a person close to the company.
Sina Corp. gained, helping Chinese shares traded in New York to a five-month high, after analysts recommended buying the nation’s Internet companies as users climb and their stock trades cheaper than peers in the U.S.
Chinese equities fell for an eighth day in New York, sending the benchmark index to the longest run of declines on record, after a cut in local banks’ reserve ratios failed to alleviate concerns of economic slowdown.
Nomura Holdings Inc., the Tokyo-based brokerage that’s expanded its global workforce by almost half in two years, expanded U.S. equity trading and introduced stock research in New York to compete for a bigger market share in the Americas.