The 1994 racer in which Michael Schumacher won the first of his seven Formula 1 titles sold for 617,500 pounds ($1.01 million) at a classic-car auction that included the highest price ever paid for a commercial vehicle at a public sale.
Barrick Gold Corp. is raising at least $3 billion in Canada’s biggest equity issue since 2009 and shelving its embattled Pascua-Lama project as the miner scrambles to reduce debt after the metal plunged this year.
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.
Transel Elevator Inc., which two weeks ago was servicing an elevator hours before it killed a Manhattan advertising firm employee, was sued this week over an accident at New York’s Plaza hotel, the latest in a series of similar suits filed against the company.
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.