Business · 4:58 PM UTCDow hits record high as cyclicals rise on jobless claims data
The Dow Jones Industrials (.DJI) hit a record high on Thursday, as economically sensitive stocks rose after an upbeat weekly jobless claims report, while vaccine makers fell as President Joe Biden backed plans to waive patents on COVID-19 shots.
Sustainable BusinessTop U.S. fund leader wants voluntary climate disclosure rules
A top fund industry leader on Thursday urged U.S. regulators to adopt only voluntary climate-related disclosure standards for public companies rather than the stricter rules sought by some activists and investment firms.
FinanceCredit Suisse says 59.7% of series B convertible notes subscribed by existing shareholders
Credit Suisse (CSGN.S) said on Thursday shareholders exercised preferential subscription rights for 532 million Swiss francs of Series B of two series of mandatory convertible notes, a take-up equaling 59.7% of the 891 million aggregate principal amount.