Electrolux AB, the world’s second- largest maker of home appliances, reached its highest level in more than two years in Stockholm trading after U.S. shipments of refrigerators, freezers and washers surged last month.
JPMorgan Chase & Co. sued state-owned Portuguese companies running the Lisbon and Oporto metro rail services, as well as the country’s strategic oil reserves, to enforce derivative contracts worth at least 455 million euros ($587 million).
OGX Petroleo & Gas Participacoes SA, billionaire Eike Batista’s oil company, fell after it abandoned offshore exploration acreage and said it won’t receive the bulk of an $850 million oil-field sale until it starts producing.
Axiall Corp., the vinyl-products maker that changed its name from Georgia Gulf Corp. in January, fell the most in almost a year after posting first-quarter earnings that missed analysts’ estimates amid higher costs.
OTP Bank Nyrt., Hungary’s largest lender, headed for the highest level in more than two weeks as JP Morgan Chase & Co raised its target price for the stock as Russian and Ukrainian units help improve profit.
Negotiations weren’t on the agenda when British Chancellor of the Exchequer George Osborne and Bank of Canada Governor Mark Carney sat down for a drink to get better acquainted on a terrace overlooking the Mediterranean in the harbor city of Marseille on Sept. 9, 2011.
CBS Corp. will buy a 50 percent stake in TV Guide Network from JPMorgan Chase & Co.’s One Equity Partners unit, said a person with knowledge of the deal, giving the company a new basic cable outlet for programs.