The lockstep moves in global stocks that dominated equity markets for the past six years are breaking down at the fastest rate on record, a sign investor confidence is finally returning from the financial crisis.
Morgan Stanley, CBRE Global Investors and Guggenheim Partners LLC are among eight contenders to buy or lease the parking system of Harrisburg, the insolvent Pennsylvania capital coping with more than $300 million in debt.
Harrisburg, the Pennsylvania capital whose insolvency sparked a decision to default on some general-obligation bonds, got inquiries from Morgan Stanley and 13 other companies on buying or leasing its parking system.
Samsung Electronics Co. agreed to settle a patent-infringement case before the U.S. International Trade Commission over its flash-memory chips used in Apple Inc. ’s iPhone and Research In Motion Ltd .’s BlackBerry.
Bond traders are giving Marfrig Alimentos SA a vote of confidence even as credit rating companies say they may downgrade Latin America’s second-largest beef producer following a $1.3 billion acquisition in the U.S.