The Standard & Poor’s 500 index fell from a record, following declines in emerging-market equities and commodities, as a slowdown in China’s exports fueled concern the world’s second-largest economy is moderating.
Cablevision Systems Corp. directors were sued by an investor for wrongfully approving “grossly excessive” compensation for Chairman Charles Dolan and members of his family who serve as executives of the fifth-largest U.S. cable company.
Democratic lawmakers in New Jersey say Republican Governor Chris Christie has turned to financial gimmickry in a deal that pledged national tobacco-settlement revenue to investors in exchange for almost $92 million.
Cerberus Capital Management LP’s Albertsons chain has obtained $7.6 billion debt financing commitments from banks to finance its $9.2 billion purchase of Safeway Inc., according to a regulatory filing today.
The amount of debt globally has soared more than 40 percent to $100 trillion since the first signs of the financial crisis as governments borrowed to pull their economies out of recession and companies took advantage of record low interest rates.