Business · 6:22 PM UTCDow hits record, cyclicals rise on jobless claims data
The Dow Jones Industrial Average (.DJI) hit a record high on Thursday, bolstered by an upbeat weekly jobless claims report, while shares of vaccine makers fell after President Joe Biden backed plans to waive patents on COVID-19 shots.
BusinessBiden says would like to see corporate tax rate between 25% and 28% -CNBC
U.S. President Joe Biden said he wants to see a corporate tax rate "between 25 and 28" percent, CNBC reported on Thursday, citing his remarks at an event in Louisiana.
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.