Kenneth Heebner’s Capital Growth Management LP took a position in Nu Skin Enterprises Inc., the skin-care products seller that a Chinese newspaper last month said may be a pyramid scheme, while selling stakes in Ford Motor Co. and Mohawk Industries Inc.
Facebook Inc. rose 5 percent following an announcement that it will join the benchmark Standard & Poor’s 500 Index next week, cementing the social- networking company’s recovery from the turbulence that surrounded its initial public offering last year.
Kenneth Heebner’s Capital Growth Management LP took a new position in Toll Brothers Inc. last quarter after selling out of it in the previous period, while exiting a stake in Hertz Global Holdings Inc.
Mohawk Industries Inc., the maker of Daltile and Columbia flooring, agreed to acquire Italian ceramics manufacturer Marazzi Group SpA for about $1.5 billion in cash and stock to bolster its presence outside the U.S.
Inventio, a unit of Schindler Holding AG, dropped a lawsuit against ThyssenKrupp Elevator Corp. for allegedly infringing a patent for elevators at 1 World Trade Center in New York after the patent was found invalid.
Tarkett SA took the first regulatory step toward selling shares in an initial public offering as 50 percent-owner KKR & Co. seeks to exit the French floor maker amid rising valuations of building product companies.