Nomura Holdings Inc., Morgan Stanley and JPMorgan Chase & Co. were selected as the lead banks to manage Suntory Beverage & Food Ltd.’s initial public offering, said two people with knowledge of the matter.
Japan’s real estate investment trusts fell, with the Tokyo Stock Exchange REIT Index dropping the most in eight weeks, after 10-year Japanese government bond yields rose to 1 percent for the first time in a year.
Stonegate Mortgage Corp., the closely held lender that originated almost twice as much debt last quarter as in all of 2011, sold $115 million of common shares in a private offering to continue its expansion.
The U.S. Supreme Court bolstered the authority of federal administrative agencies, upholding Federal Communications Commission deadlines for local zoning authorities considering applications for new wireless facilities.
Spanish politicians trying to cushion the blows of austerity plan to seize foreclosed homes to house the needy, discouraging foreign investment and threatening to violate terms of the European bailout of the country’s banks.