The shareholder activism that’s encouraging asset sales at DuPont Co. and Dow Chemical Co. in the U.S. has the potential to spread to Europe’s chemical industry, according to an executive at Cevian Capital AB.
A Ferrari convertible and two Rolls-Royce Silver Ghosts stole the limelight at $11.8 million U.K. auctions as collectors competed for the finest classic cars and passed on others. Two high-value Jaguars failed to sell.
An unrestored Aston Martin used for the movie “Goldfinger” and left in a barn for years was among the stars of a 4.7-million-pound ($6.8 million) auction last night as collectors battled for James Bond’s favorite cars from the 1950s and 1960s.
The U.S. probably failed to create enough jobs in July to reduce unemployment, showing anxiety over government debt deliberations and a slowdown in consumer spending have shaken employer confidence, economists said before reports this week.
European stocks rose for a fourth day, pushing the Stoxx Europe 600 Index to a 2 1/2-year high, as earnings from Heineken NV and Societe Generale SA beat estimates and U.S. housing starts topped forecasts.