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.
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.
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.
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.