Henrique de Castro's 15 months as Yahoo's chief operating officer may have ended on a sour note, but it was sweetened by a severance package valued at nearly $58 million.
Coming out of the financial crisis, Morgan Stanley Morgan Stanley made a crucial pivot that is bearing fruit as the bank gets further away from its darkest days and helped deliver first-quarter results that blew past Wall Street's estimates.
Following three days of stock market gains, investors are feeling cautious again after Google and IBM posted earnings that disappointed Wall Street.
Demand for cars in Europe moved up another gear in March but the market is still suffering badly from a recent slump. Sales of new cars in the European Union surged by 10.6pc last month on a 12-month comparison to a total of 1.45 million.
TOKYO--The Bank of Japan stuck to its bullish view of the economy Thursday, saying a decline in consumption following a rise in the sales tax at the start of April has been within expectations.