U.S. stocks fell, led by technology and commodity companies, after President Barack Obama warned the crisis in the Ukraine may escalate and Facebook Inc. dropped the most since 2012. Losses extended in the last hour as investors sold companies that have led the bull market.
U.S. stocks fell, erasing early gains, as President Barack Obama said international order is being tested by Russia’s annexation of Ukrainian territory. Treasuries rose following stronger-than-forecast demand at an auction. Oil and the yen rallied.
The most exciting part of elevating Satya Nadella to chief executive officer of Microsoft Corp. may be that it would end the search to replace Steve Ballmer, investors in the world’s biggest software maker said.
Baseball jackets and cashmere track pants will vie for the spotlight alongside more traditional evening gowns and fur coats at New York’s fashion week as designers seize on shoppers’ growing penchant for athletic wear.
Herbalife Ltd., the nutrition company hedge fund manager Bill Ackman has accused of being a pyramid scheme, boosted its share buyback by 50 percent to $1.5 billion and announced a $1 billion sale of convertible bonds.
Nu Skin Enterprises Inc. Chief Executive Officer M. Truman Hunt, who oversaw a sevenfold gain in the direct-seller’s shares in the past seven years, is facing the biggest test of his tenure after a state-run newspaper in China said his company runs a pyramid scheme.