Plug Power Inc., a supplier of fuel cells for electric forklifts, rose to the highest in more than two-and-a-half years after an analyst said the company’s order from Wal-Mart Stores Inc. may lead to more customers including Coca-Cola Co. and Procter & Gamble Co.
Sun Art Retail Group Ltd., China’s largest hypermarket operator, rose by the most in more than two years in Hong Kong trading after posting a 15 percent gain in full-year profit and saying it would expand in smaller cities.
A Republican proposal to revise the U.S. tax code will benefit large banks by helping them stanch job losses within the industry, said Representative Kevin Brady, the chairman of Congress’s Joint Economic Committee.
Massmart Holdings Ltd., the South African food and general goods retailer controlled by Wal-Mart Stores Inc, reported full-year profit that missed estimates, as its Game chain of shops struggled to sell household goods.
Options traders are turning bullish on Li & Fung Ltd., the Hong Kong-based supplier to Wal-Mart Stores Inc., betting on a revival of its American operations after the stock lost 61 percent of its value.