Time Warner’s Warner Bros. Television Group will buy Alloy Entertainment, producer of “Gossip Girl,” the companies said.
Diamond Foods, maker of Kettle Chips and Emerald snack nuts, fell 7.6 percent to $18.63 after saying it won’t file its quarterly results on time to meet an extension granted by Nasdaq, and that it expects the exchange will consider delisting its stock.
Automaker BMW saw sales rise 6.4 percent in May from a year ago.
In an interview, Mohamed El-Erian, CEO of Pacific Investment Management Co., said there is no bubble in the bond markets. “We may be in a synchronized slowdown” in global economic growth, El-Erian, said.
Evidence Jerome Kerviel presented to support claims Société Générale let him amass $63 billion in stock index futures trades so it could later hide losses on subprime loans shows “nothing new,” said the Paris judge hearing the appeal of his 2010 conviction.
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