Advanced Micro Devices Inc. was the Standard & Poor’s 500 Index’s best-performing stock in the past month after winning orders in video-game consoles. To keep that streak going, AMD must prove it’s got more going than games.
Danske Bank A/S rose the most in almost two months after JPMorgan Securities Plc advised clients to buy shares in Denmark’s biggest lender on the likelihood the bank will resume dividend payments as asset quality improves.
Haruhiko Kuroda said that the Bank of Japan will do whatever is needed to end 15 years of deflation should he be confirmed as governor and indicated that open-ended asset purchases could start sooner than next year.
One late afternoon in March 2007, Sanjay Wadhwa sat at his desk transfixed by the data on his computer screen. Wadhwa was then a low-level supervisor in the Wall Street office of the U.S. Securities and Exchange Commission investigating a supposedly routine case of “cherry- picking.” The SEC had gotten a complaint that Rengan Rajaratnam, the founder of Sedna Capital Management LLC, a small hedge fund, was doling out a disproportionate share of his best trades to the beneficiaries of a “friends and family” account. It was Wadhwa’s job to figure out what was going on, Bloomberg Businessweek reports in its April 23 issue.