The Standard & Poor’s 500 Index and Nasdaq Composite Index capped their worst week since 2012, with stocks most beloved by hedge funds plunging amid concern valuations have climbed too high as earnings season starts.
Greece is planning to announce a sale of five-year notes via banks tomorrow, according to two people familiar with the matter, as the country that sparked Europe’s sovereign debt crisis returns from a bond-market exile.
Andrew Brenner, the former head of emerging markets and special situations at Guggenheim Capital Markets LLC, has joined National Alliance Securities’ capital markets group as head of international fixed income.
Two Shiite Muslim-led groups in Iraq that merged this month to create the biggest bloc of seats in parliament have agreed on their candidate for prime minister, according to a senior member, Ali al-Dabbagh .
Iraqi Prime Minister Nuri al-Maliki won the Shiite Muslim National Alliance’s nomination for the premiership, beating Adel Abdel Mahdi and moving Iraq a step closer to a new government after seven months of deadlock.
The two Shiite groups that together form the biggest bloc in the Iraqi parliament won’t continue discussions to select a candidate for the premiership until after Eid al-Fitr, the Muslim holiday marking the end of the month of Ramadan, state-sponsored al-Iraqiyah television said.
Martha Stewart Living Omnimedia Inc.’s new chief executive officer Daniel Dienst has a track record of dealmaking, stoking speculation he may follow the same recipe with the magazines and home-decor company.