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Not many finance professionals who cover Indonesia’s biggest property companies have heard of The Ning King, the 82-year-old founder of closely held Indonesian conglomerate Argo Manunggal Group.
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Global stocks fell, led by the biggest drop in Japanese shares since the aftermath of the Fukushima disaster, while metals sank as Chinese manufacturing unexpectedly contracted and speculation mounted the Federal Reserve will cut bond purchases. The yen and Treasuries rose.
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Forest Laboratories Inc., maker of the Alzheimer’s drug Namenda and blood-pressure pill Bystolic, said Howard Solomon will retire as chief executive officer at year’s end after holding the job for more than three decades.
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The yen jumped the most in almost three months against the dollar and five weeks versus the euro as Chinese manufacturing shrank and stocks fell around the world, reviving demand for the safety of Japan’s currency.
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SoftBank Corp. will let the U.S. government have veto power over one nominee to Sprint Nextel Corp.’s board to ease security concerns if its $20.1 billion takeover bid succeeds, a person familiar with the matter said.
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Hungarian Prime Minister Viktor Orban said he’s ready to boost Europe’s highest bank levy further to escape the European Union’s excessive-deficit procedure, risking reopening a dispute with the European Commission which has opposed the tax for stifling growth.
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A Florida man was shot dead in a confrontation with law-enforcement officers who were questioning him about a triple murder two years ago that has been linked to a Boston Marathon bombing suspect, according to two officials familiar with the matter.
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Prime Minister David Cameron said yesterday’s killing of a soldier in London by two men wielding knives and meat cleavers was a “betrayal of Islam” as the police probe into the murder widened to eastern England.
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Soybeans touched a six-month high in Chicago on signs demand will increase in China, the world’s biggest importer of the oilseed, while U.S. supplies shrink before the next harvest.
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Johnson & Johnson, the world’s biggest maker of health-care products, anticipates submitting more than 10 new medicines for approval by regulators worldwide by 2017.
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Say what you will about Microsoft’s Windows 8, it has certainly inspired personal-computer makers to shake up their offerings.
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John Constable’s “Salisbury Cathedral From the Meadows” has been bought for the U.K. for the equivalent of 40 million pounds ($60 million) by a new partnership of galleries, backed by the Heritage Lottery Fund.
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CVC Capital Partners Ltd.’s plan to hold an initial public offering of Formula One may be hurt by a bribery investigation involving the auto-racing series’ boss Bernie Ecclestone.
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Nomura Holdings Inc., Japan’s largest securities firm, said it plans to increase fixed-income sales staff in Asia, the Americas and Europe even as it continues to cut costs.
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