U.S. stocks rose, sending the Standard & Poor’s 500 Index to its best week since July, as earnings from General Electric Co. and Morgan Stanley beat estimates and concern eased that the Ukraine crisis may worsen.
Prime Minister Shinzo Abe’s cabinet passed new guidelines loosening Japan’s more than four-decade- old restrictions on foreign weapons sales as part of the premier’s push to bolster the country’s military.
General Electric Co. filed for an initial public offering of its North American consumer lending unit as part of Chief Executive Officer Jeffrey Immelt’s effort to reduce credit risks and focus on industrial businesses.
Rolls-Royce Holdings Plc, Europe’s largest maker of commercial jet engines, said the U.S. Department of Justice has joined U.K. fraud prosecutors in an investigation into bribery and corruption at the company.
Daimler AG, the world’s third- biggest maker of luxury cars, will sell a 50 percent stake valued at 1.9 billion pounds ($3.2 billion) in an engine joint venture to partner Rolls-Royce Holdings Plc. to invest in its automotive and truck businesses.
SLM Solutions GmbH, a German maker of 3-D printing machines, is preparing an initial public offering that may value the company at about 500 million euros ($698 million), according to people with knowledge of the matter.