Three bottles of Chateau Petrus 2000 Pomerol fetched top price of 6,600 pounds ($10,100) at a sale of U.K. wine writer Hugh Johnson’s private collection at Sworders auction house north of London, according to its website.
In October 2010, private-equity baron Henry Roberts Kravis, in one of the grandest gestures of his life, pledged $100 million to his alma mater, Columbia Business School, to help pay for the expansion of its upper Manhattan campus. His ability to throw that kind of cash around was helped by the start of trading of his buyout company, KKR & Co., on the New York Stock Exchange three months earlier.
Stocks rose, with the MSCI World Index extending its longest advance in 11 months, as a late-day rally in technology shares helped the U.S. market reverse an early drop. The euro gained as a Spanish bond sale eased concern the region’s debt crisis will worsen. Gold rallied.
U.S. stocks dropped, extending the longest slump for the Dow Jones Industrial Average since the financial crisis of 2008, on concern the economic rebound is slowing after companies added fewer jobs than estimated and factory orders slumped.
BlackRock Inc. Chief Executive Officer Larry Fink told investors on a conference call in January last year that the world’s biggest money manager was “very well positioned” for 2010. At the end of the year, the market sent a different message: New York-based BlackRock’s total share return was negative 16 percent, while the Standard and Poor’s 500 Asset Management and Custody Bank Index rose 13 percent.
Kosmos Energy Ltd. , the oil and gas exploration and production company owned by Warburg Pincus LLC and Blackstone Group LP, is seeking to raise as much as $540 million today in an initial public offering after oil gained 48 percent in a year to a 32-month high.