Sino-Forest Corp., the Chinese timber company that plunged 74 percent this year after fraud allegations, said going private is among the options under consideration as it attempts to restore its finances and reputation.
Research In Motion Ltd.’s decline below book value for the first time in nine years leaves the BlackBerry maker worth less than the net value of its property, patents and other assets in a sign of investors’ lowered faith.
Hedge funds raised bets on higher gold prices for a second week as comments from Federal Reserve Chairman Ben S. Bernanke damped expectations for an imminent tapering of stimulus. Futures rose the most since 2011.
Sino-Forest Corp. , whose biggest shareholder is hedge fund Paulson & Co., fell the most since 2008 in Toronto trading after short seller Carson C. Block said it overstated timberland holdings and production in China.
After Lundin Mining Corp. rejected two takeovers last month and adopted a poison pill, traders are betting more than ever the copper producer may get a bid that hands its owners a windfall of more than half a billion dollars.