The U.S. Securities and Exchange Commission is weighing whether proxy advisers have grown so influential in corporate elections that regulators should impose rules to make their business more transparent.
Cocoa declined for a third day in London, the longest losing streak in more than three weeks, as bean deliveries in top producer Ivory Coast signal bigger supplies than traders anticipated. Coffee advanced.
Strides Arcolab Ltd. won’t get $250 million of the $1.75 billion anticipated from the sale of its injectable drugs unit to Mylan Inc. unless regulatory concerns at one of the Indian drugmaker’s factories are resolved.
The Colorado Oil & Gas Association sued the cities of Fort Collins and Lafayette claiming their voter-enacted bans on the extraction of oil and natural gas are preempted by state laws regulating those resources.