Carlyle Group Inc. said it plans to give incoming Chief Executive Officer Harvey Schwartz a five-year stock incentive package valued at $180 million — if he can lift the firm’s sagging share price.
Germany, Denmark and the Netherlands will supply Ukraine with as many as 178 older generation Leopard 1 battle tanks in the latest shipment of heavy military equipment as Kyiv braces for an expected intensification of fighting with invading Russian forces.
Ecuador’s bonds are plunging after voters unexpectedly spurned President Guillermo Lasso’s proposed constitutional changes, weakening his market-friendly government while bolstering the socialist opposition.
With millions of acres of flat farmland, Ohio and Indiana are becoming leading US states for solar power development.
Truist Financial Corp. eliminated about 5% of its investment-banking division amid uncertainty surrounding the dealmaking environment, according to people with knowledge with the matter.
Expect more defaults in the $4 trillion municipal-bond market this year, Bank of America Corp. strategists said. Most of the distress will be concentrated in riskier sectors like nursing homes and hospitals.
Richard Sharp, the BBC’s chairman, has insisted he went through a rigorous appointment process and didn’t act improperly over his involvement in a loan for former prime minister Boris Johnson, which was being arranged at the same time.
Chile’s main political blocs presented multiple candidate lists for the body that will help draft the nation’s new constitution, increasing the odds of a more moderate charter rewrite.
Credit Suisse Group AG is delaying a much-anticipated compensation day for some of its investment bankers, further straining its relationship with employees as it restructures its Wall Street operations, according to people familiar with the matter.
As Bed Bath & Beyond Inc. plans for a $1 billion capital infusion, one analyst covering the stock says it will soon be worthless, calling the equity financing a “last gasp” before the company eventually files for bankruptcy protection.
