The Ibovespa advanced, reducing a third weekly drop, as slower-than-forecast Brazilian inflation offset concern that the Federal Reserve will reduce U.S. stimulus that has buoyed emerging-market assets.
Mark V. Shoen had to endure his father’s suicide, a sister-in-law’s murder and an internecine battle on his way to becoming the largest shareholder of Amerco, the parent of truck rental company U-Haul, North America’s biggest moving and storage business.
SAC Capital Advisors LP fund manager Michael Steinberg’s lawyer used the cross examination of a witness to suggest inside information he claims to have fed his former boss was already publicly available.
KKR & Co., the private-equity firm run by Henry Kravis and George Roberts, together with Castleton Commodities International LLC bid for JPMorgan Chase & Co.’s physical commodities unit, SparkSpread reported today without saying where it got the information.
Co. expects 2014 coal output to reach 6m-6.5m tons, as two newly acquired coal mines in Kalimantan contribute up to 1.5m tons to output, Vice President Director Gidion Hasan said at press conference today. * NOTE: Co. lowered 2013 output target to 3.5m-4m tons from previous est. of 5m tons, Ari Setiyawan, investor relations officer, says in e-mailed message on Nov. 26 * Co. sees 2014 coal price to avg. $85/ton * Co. to allocate $350m for 2014 capital expenditure: Hasan * Indonesia’s heavy equipment demand may fall to 10,000-11,000 units in 2013 vs 14,000 units in 2012: Djoko Pranoto, President Director * Co. may account for 41% of heavy equipment demand this yr vs 43% in 2012: Pranoto