Cotton production in Australia, the world’s third-biggest exporter, may decline to the lowest level in at least three years as drought curbs crops and water availability, according to a growers’ group. Prices advanced.
Eli Lilly & Co. and Abbott Laboratories are offering help to the 13.8 million American men who have low levels of testosterone. Doctors warn that demand for the treatments could lead to overuse with deadly side effects.
Cotton production in Australia, the world’s third-biggest exporter, may drop 9 percent this year as drought curbs planting in Queensland state, the country’s second-biggest grower, according to an industry group.
Fairfax Financial Holdings Ltd. has climbed to the highest level since 1999 after investments in Irish banking and Canadian cattle feed surged, more than offsetting any potential loss from a $4.7 billion bid for smartphone maker BlackBerry Ltd.
The top U.S. railroad regulator was accused by a House member from California of misleading Congress to promote the state’s proposed high-speed train network, which President Barack Obama’s administration supports as cost estimates escalate.
U.S. property and casualty insurers posted the biggest underwriting loss since 2008 as carriers with business outside the country paid claims tied to natural disasters such as the March earthquake and tsunami in Japan.
Billionaire Gina Rinehart, Asia’s richest woman, lost her final bid to reclaim a stake in one of Australia’s most valuable iron-ore deposits, now held by a company founded by her father’s former partner.