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.
(Reuters) - Goldman Sachs Group Inc reported an 11 percent drop in first-quarter profit on Thursday as client activity remained constrained and fixed-income revenue shrank.
James Gorman, chairman and chief of Morgan Stanley. Mark Lennihan/Associated PressJames Gorman, chairman and chief of Morgan Stanley.
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.