Bloomberg Business

Pearson Replaces CEO Andy Bird With Microsoft Executive

Educational publisher Pearson Plc replaced its Chief Executive Officer Andy Bird months after a shareholder revolt over his pay and amid concerns about the impact of artificial intelligence on the business.

Nio’s $1 Billion Convertible Bond Adds to Asian Sales Boom

Equity-linked debt issuance by Asian firms is set for its busiest quarter since March 2022, with a $1 billion convertible bond from Chinese electric-vehicle maker Nio Inc. adding to signs of growing demand for the hybrid instruments.

Goldman Raises Brent Oil Forecast to $100 as Rally Builds

Goldman Sachs Group Inc. rejoined the $100-a-barrel oil club, raising its forecast for crude back to triple digits as worldwide demand hits unprecedented levels and OPEC+ supply curbs continue to tighten the market.

Joyce May Lose $9.3 Million of Payout After Abrupt Qantas Exit

Qantas Airways Ltd. will potentially claw back up to A$14.4 million ($9.3 million) of former Chief Executive Officer Alan Joyce’s payout after the airline was found to have illegally sacked 1,700 staff and sued for selling tickets on already-canceled flights.

Italy Weighs Selling 15% of Lender Monte Paschi, Corriere Says

Italy is considering an initial sale of a 15% stake in Banca Monte dei Paschi di Siena SpA, daily Corriere della Sera reported Wednesday, as the government led by Prime Minister Giorgia Meloni looks to fund some of its campaign promises.

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