Morgan Stanley’s board will focus on the selection of CEO James Gorman’s successor at its summer and fall meetings, a person familiar with the situation said, while the outgoing boss looks to clear the decks by resolving major regulatory matters.
Lordstown Motors said on Thursday it had received a delisting notice from the Nasdaq, days after the U.S. electric truck maker filed for bankruptcy protection.
The U.S. antitrust regulator is planning to file a suit targeting Amazon.com’s core online marketplace in the coming weeks, Bloomberg News reported on Thursday, citing documents and people familiar with the matter.
Brazil’s finance minister has confirmed the country’s monetary council will keep next year’s inflation target at 3%, but reiterated he expects the body to tweak the time frame used to assess the goal’s fulfillment.
Brazil’s central bank joined on Thursday a wave of recent upward revisions for the country’s economic growth this year, guided by a solid first quarter boosted by the agriculture sector.
Britain’s water regulator sought to reassure the government on Thursday that the country’s biggest supplier Thames Water was not on the brink of collapse, saying while it needed greater resilience it still had strong liquidity.
Grupo Carrefour Brasil launched a franchise model of convenience stores in the Brazilian market on Wednesday, aiming to tap into its know-how from years of experience in Europe, a top executive said.
U.S. bank stocks rose in premarket trading on Thursday after the Federal Reserve’s stress test showed the lenders have adequate capital to survive an economic slump even though analysts doubted if that would lead to higher returns for shareholders.
The lead negotiators for Johnson & Johnson’s proposed $8.9 billion settlement of thousands of talc lawsuits faced intense questioning in U.S. bankruptcy court on Wednesday about how much support the company has for the deal.
Apple will on Friday seek to fend off a revised EU antitrust charge and possible hefty fine linked to claims it prevents music streaming companies such as Spotify from informing users of other buying options outside its App Store.
