PacWest Bancorp is exploring strategic options, including a potential sale or capital raise, after a liquidity boost it announced in March failed to inspire confidence in its ailing share price, a person familiar with the matter said.
Enbridge Inc , Canada’s largest transporter of crude oil, said on Thursday it has reached a 7-1/2 year toll agreement with shippers for its Mainline system.
U.S. President Joe Biden is expected to nominate Federal Reserve Governor Philip Jefferson as the next vice chair, two sources familiar with the matter said on Wednesday
Peloton Interactive Inc on Thursday forecast fourth-quarter revenue above Wall Street estimates, as the fitness equipment maker sees a recovery after expanding its sales channels to third-party platforms.
Johnson & Johnson has priced the initial public offering of its consumer-health business, Kenvue Inc , at the upper end of its target range, to raise $3.8 billion.
Australia’s central bank will likely deliver one more 25-basis-point interest rate increase by end-September to 4.10% following a surprise hike on Tuesday, according to a slim majority of economists in a snap Reuters poll.
Goldman Sachs Group Inc is in talks to settle a class-action lawsuit that alleged widespread gender bias against women in pay and promotions, said a source familiar with the matter.
Paramount Global Inc missed first-quarter revenue estimates on Thursday as it added fewer subscribers at its flagship streaming service and advertisers cut back on spending in a challenging economic environment.
Federal Reserve Chair Jerome Powell said it was probably good policy that the largest banks are not doing big acquisitions, but said that JPMorgan Chase & Co’s acquisition of First Republic Bank was an exception.
