Bloomberg. Exclusive News Euro
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Bloomberg.
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The European Parliament’s vote to cap bonuses in the asset-management industry could affect two- thirds of senior fund managers in the U.K., U.S. funds in Europe and hedge funds open to small investors.
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European stocks were little changed, paring earlier declines, as Cypriot lawmakers seek to unlock bailout funds and prevent a financial collapse. U.S. index futures advanced, while Asian stocks fell.
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U.S. stock-index futures advanced, after yesterday’s biggest selloff in equities in almost a month, as Cypriot lawmakers debate legislation to help win a bailout from the euro area and avoid financial collapse.
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Copper rose in London, narrowing this week’s drop, on signs a price slump encouraged buyers in leading global consumer China as demand strengthens.
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Barclays Plc is stuck holding a 697 million-euro ($900 million) stake in Ziggo NV after failing to find enough buyers for a 20 percent share sale it managed for owners Warburg Pincus LLC and Cinven Ltd. this week.
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German lawmakers from Chancellor Angela Merkel’s coalition slammed Cyprus’s bailout proposals before parliament in Nicosia began to debate them, ratcheting up a standoff days before a funding cut-off deadline.
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With Senate Republicans and Democrats moving closer to an agreement to grant a chance at U.S. citizenship to 11 million undocumented immigrants, a long- simmering dispute between organized labor and the business lobby risks sapping momentum for the measure.
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AT&T Inc. was told to pay $27.5 million for infringing a Colorado company’s patents for controlling how audio or video is streamed online.
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Greencoat U.K. Wind Plc raised 260 million pounds ($395 million) in Britain’s biggest renewable- energy initial public offering, gaining funds to buy wind farms from RWE AG and SSE Plc.
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Energy drinks, which have been linked to deaths and hospitalizations, may boost blood pressure and lead to an erratic heartbeat, a study found.
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The one-two punch of Apple’s iPad and Microsoft’s Windows 8 has led to a new class of personal- computer hybrids that look and work like regular laptops, but whose screens pop off to become fully functional tablets.
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“Goblinproofing One’s Chicken Coop” has won the annual Diagram Prize for Oddest Book Title.
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Premier League soccer club West Ham will become the new tenant of London’s Olympic Stadium from 2016 after the U.K. government agreed to pay 25 million pounds ($38 million) to help refurbish the venue, the British Broadcasting Corp. reported.
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Leighton Holdings Ltd. Chairman Stephen Johns resigned along with two non-executive directors at Australia’s largest construction company, citing a dispute with its controlling shareholder Hochtief AG.
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