Warren Buffett’s Berkshire Hathaway Inc. took a stake in Chicago Bridge & Iron Co. in a bet that the construction company will benefit from infrastructure spending as customers liquefy natural gas and use it as a feedstock.
Malaysia’s biggest pension fund sold about 331 million ringgit ($110 million) of shares in the country’s benchmark index as Prime Minister Najib Razak’s election victory sparked the largest rally since 2008.
Clive Capital LLP paid its top- earning partner $33.5 million in the 12 months through February as the commodity hedge-fund firm managed by Chris Levett posted losses for clients for a second straight year.
Johnson Matthey Plc, a U.K. platinum refiner and producer of auto-catalysts, will discontinue its annual platinum review after agreeing earlier this year to provide Anglo American Platinum Ltd. with market research.
Chinese stocks fell in New York for the first time in six days, led by Spreadtrum Communications Inc., on concern the Federal Reserve will step back from more stimulus, curbing inflows into emerging markets.
Bill Rubin, a senior investment analyst at BlackRock Inc. who picks financial-company stocks, didn’t mince words a year ago when he e-mailed JPMorgan Chase & Co. right after the bank disclosed a trading loss that ultimately cost more than $6.2 billion.
Halogen Software Inc., a maker of software that assesses employee performance, raised C$55 million ($54.8 million) in the first initial public offering by a Canadian technology firm in 18 months, according to two people familiar with the sale.