Robert Kelly, former Bank of New York Mellon Corp. chief executive officer, was named chairman of the Canada Mortgage & Housing Corp. in the government’s latest move to bolster oversight of the federal housing agency.
SolarCity Corp., a closely held developer of rooftop solar power systems backed by Google Inc. and Citigroup Inc., hired Robert Kelly as its chief financial officer, citing his experience at raising funds.
Alcatel-Lucent, Qualcomm Inc. and Ericsson AB must defend against claims by Liberty Media Corp.’s TruePosition unit that the companies tried to deny it access to the next generation of phone-locator technology, a court ruled.
The European Union’s ban on carbon credit imports linked to some industrial gases will boost demand for Clean Development Mechanism projects in Africa, a United Nations Framework Convention on Climate Change official said.
The 2007 merger that created Bank of New York Mellon Corp., the world’s largest custody bank, failed to deliver higher profits as the company lags behind its biggest rivals, according to Mike Mayo, an analyst at CLSA Ltd.