Just before 1 p.m. on June 9, 5,700 options tied to Clorox Co. were bought on U.S. markets for about $170,000. Traders snapped up the underlying stock and within half an hour, more than $450 million had been added to the bleachmaker’s shares.
A delegation of public-health advocates filed into the suburban Chicago headquarters of McDonald’s Corp. last January to deliver a tough message: A decade after the fast-food giant’s groundbreaking promise to reduce medically important antibiotics fed to the animals it buys, the policy had glaring loopholes and questionable impact.
The benchmark indexes for U.S. and European stock options snapped three-day losing streaks as investors boosted buying of protection on stocks, which fell around the world on concern Europe’s debt crisis may spread.
A horse costume lay on a glossy white vanity in Sarah Michelson’s dressing room; Sam Lewitt offered tiny spinning spheres emerging from what looked like an oil slick; and framed pages of an old celestial handbook turned up on the walls throughout the museum, placed there by Lutz Bacher.
Los Angeles is a fine city for eating out, even if New York garners more attention for its culinary prowess. California cuisine tends to be light and fresh, while Latin and Asian influences add color and spice.
AM Investment Partners LLC , the hedge-fund firm that said in March it would merge with BAM Capital LLC, slumped as much as 6.6 percent in July, according to an investor, as stock-market volatility plunged the most in 16 years.