Author: KMFSLLP

Activist investor Starboard on Thursday ended its proxy fight at eBay by withdrawing its four director nominees four days after the ecommerce company named a new chief executive.

Morgan Stanley Chief Executive Officer James Gorman told shareholders on Thursday he "can promise" the bank will miss its medium-term financial targets again in the current quarter, as the economic shutdown caused by the novel coronavirus will continue to upend the global and U.S. economy.

Jordan Prime Minister Omar al Razzaz said on Thursday spending priorities have changed with strained state finances hit by a sharp contraction in economic activity from a tight lockdown to stem the spread of coronavirus.

Lebanese Prime Minister Hassan Diab said on Thursday that 98% of the country's depositors will not be affected by an economic rescue plan, the draft of which included a proposal to fund some losses with a contribution from deposits.

When Jessica Rosner saw the $1,200 coronavirus relief payment from the U.S. government was deposited into her bank account Wednesday morning, the furloughed behavioral therapist knew immediately how she would spend the cash. The unemployment benefits she applied for two weeks ago have yet to come through. And Rosner, 23, who...

The Czech Senate on Thursday granted the central bank powers to buy a wider scope of assets in markets and adopted other measures giving businesses and people some relief from restrictions imposed to curb the coronavirus outbreak.

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Portugal's biggest utility EDP said on Thursday it will maintain capital expenditure at 9 billion euros ($9.8 billion) over the next three years despite the economic impact of the coronavirus outbreak, saying its situation was "robust".

U.S. fintech startup Stripe Inc said on Thursday it raised $600 million, and the company was valued at $36 billion.

Colombia's central bank could lower its benchmark interest rate by 0.5% this month as it tries to alleviate the country's financial burden ahead of an expected economic collapse due to falling production in the face of coronavirus, a survey showed on Thursday.

* French utility EDF sees slump in domestic output (Adds comments, updates to close)