Six decades ago, as a recent college graduate working for his father-in-law’s soft-drinks company, Carlos Ardila Lulle came up with a fizzy, pink, apple-flavored concoction that started outselling all of their other products.
Capstone Mining Corp. , a Vancouver- based copper producer, said it agreed to buy Far West Mining Ltd. for C$725 million ($756 million) in cash and stock, gaining a project that it said could triple copper production by 2016.
Bloomberg Markets’ inaugural list of the world’s richest people showcases the billionaires who pull the levers on the global economy. Their net worth totals $2.7 trillion, about the size of the gross domestic product of France, the fifth-biggest economy on the planet.
It was fairly predictable to see Hillary Clinton’s longtime friend Oscar de la Renta encouraging her to take a second shot at the Oval Office. It was interesting to see it happen at a fundraiser for the generally nonpartisan Carnegie Hall (“practice, practice, practice” is good advice for all), and in a style as elegant and choreographed as a state dinner (with wines from France and Italy).
Inmobiliaria Colonial SA fell the most since June 2012 in Madrid trading after Spain’s second- largest publicly traded property developer announced a plan to increase capital by as much as 1 billion euros ($1.4 billion).