Morgan Stanley said on Thursday it would buy discount brokerage E*Trade Financial Corp in a stock deal worth about $13 billion, the biggest acquisition by a Wall Street bank since the 2008-2009 financial crisis.
Oil prices rose further on Thursday after a U.S. report showed a draw in gasoline inventories and a much smaller-than-anticipated rise in crude stocks.
The number of Americans filing for unemployment benefits rose modestly last week, suggesting sustained labor market strength that could help to support the economy amid risks from the coronavirus and weak business investment.
Domino's Pizza Inc's shares soared 25% to a record high after the pizza chain comfortably beat quarterly U.S. same-store sales and profit estimates on Thursday, benefiting from its focus on faster delivery and new promotions.
Procter & Gamble Co said on Thursday its current-quarter revenue and profit would take a hit from supply chain disruptions and weak demand due to the coronavirus outbreak in China, the consumer goods company's second-biggest market.
Swiss bank Julius Baer has been reprimanded by the country's financial watchdog for ignoring money laundering risks in handling millions of francs of payments linked to corruption in Venezuela and world soccer body FIFA.
A team from the International Monetary Fund (IMF) met Lebanese government officials on Thursday at the start of a visit to advise on how to tackle the country's crippling financial and economic crisis.
Lebanese President Michel Aoun said on Thursday measures would be taken to hold to account all those who contributed to Lebanon's financial crisis through illegal actions be they transfers abroad, manipulation of Eurobonds or other acts.
Morgan Stanley's $13 billion purchase of discount brokerage E-Trade is yet another example of a big Wall Street firm trying to appeal to smaller investors.
U.S. stock indexes fell more than 1% on Thursday, with technology stocks among the hardest hit as investors weigh how bad the economic damage will be from the coronavirus outbreak as the number of cases rise outside of China.
U.S. stock indexes fell on Thursday, dragged down by technology heavyweights, as investors fretted over the rising number of coronavirus cases in China and other countries as well as the potential economic damage from the epidemic.
Canada's drug pricing agency is contemplating significant changes to how it will apply new regulations aimed at lowering costs, Reuters has learned, as drugmakers unhappy with the policy delay introducing new medicines in the country and blame it for job cuts.
Uber Technologies Inc resumed transporting passengers in Colombia on Thursday with a new service model that allows users to rent cars with drivers, just 20 days after it exited the Andean country following a ruling by regulators which the company described as arbitrary.
Oil prices rose on Thursday after the U.S. government reported a much smaller-than-anticipated rise in crude stocks, but gains were capped by worries about the spread of Coronavirus outside China.
Morgan Stanley said on Thursday it would buy discount brokerage E*Trade Financial Corp in a stock deal worth about $13 billion, the biggest acquisition by a Wall Street bank since the 2008-2009 financial crisis.