Former Bankas Snoras AB owners Vladimir Antonov and Raimondas Baranauskas, who are fighting extradition to Lithuania to face fraud charges, aren’t part of a “grand conspiracy” that would deny them a fair trial, a lawyer for the country told a London court.
MEMC Electronic Materials Inc., a maker of silicon wafers for solar modules and semiconductors, reported a first-quarter profit that included a tax benefit. Sales declined by more than half as solar product prices and volumes fell.
U.S. stocks rose, with the Standard & Poor’s 500 Index closing above 1,900 for the first time, after an increase in home purchases boosted confidence in the economy. The euro weakened to a three-month low and oil advanced, while copper led industrial metals higher.
Foreign-exchange strategists have ceased cutting forecasts for the euro as European government officials intensify efforts to end the region’s crisis and traders pare bets for a collapse in the currency.