Actividades de Construccion & Servicios SA Chairman Florentino Perez said Marcelino Fernandez Verdes, chief executive officer of German subsidiary Hochtief AG, will succeed him at the helm of Spain’s largest builder.
Some companies use in-home shopping parties to get customers to spend on items like jewelry and Tupperware in the company of friends -- and a lot of alcohol. Diageo Plc is going straight to the fun by shipping liquor and bartenders to clients’ living rooms.
Getinge AB plunged the most since trading began in 1993 after the maker of hospital equipment said first-quarter profit will drop on higher costs to improve quality after regulatory inspections last year.
Sotheby’s shareholder Marcato Capital Management LLC wants the auction house to sell its New York and London properties and use short-term debt to fund some operations to free up $1.3 billion in cash, the Wall Street Journal reported.