Goldman Sachs Group Inc. gave shareholders a report card of Chief Executive Officer David Solomon’s performance, hinted at a further dismantling of the consumer business and offered an upbeat outlook on the opportunities inside its wealth and asset management business.
Goldman Sachs Group Inc. Chief Operating Officer John Waldron said the bank’s partners are firmly behind its strategy, as it contends with losses in its consumer business that have dented investor confidence in the firm.
Americanas SA, the distressed Brazilian retailer, can begin settling debts with small creditors, a judge has ruled, in a blow to larger firms that sought to halt the payments.
Olaplex Holdings Inc. Chief Executive Officer JuE Wong said the hair-care company will ramp up investments in the brand after failing to act quickly enough to stem a slowdown in demand and push back against consumer complaints.
Private equity firms are using some of their companies as automated teller machines again.
The House Financial Services Committee on Tuesday advanced a raft of China-related sanctions bills, a sign of increasing hawkishness in the Republican-controlled chamber amid strained relations between Washington and Beijing.
A pile-up of Russian diesel stored on ships suggests buyers are shunning the sanctioned fuel as an exceptionally warm winter saps demand.
Target Corp. turned in a strong fourth-quarter performance and tamed an inventory surge that had marred results earlier last year, boosting investor bets that the retailer is on track for a moderate recovery.
Brazilian corporate bonds got hammered in February after the implosion of Americanas SA, further weakening the outlook for firms already wrestling with high borrowing costs.
Brazil’s state-controlled oil company Petrobras sank on growing concerns that it will slash dividends and start subsidizing fuel under President Luiz Inacio Lula da Silva.
