 | | | | The board of Brazil's state-run oil company Petrobras on Tuesday authorized an extraordinary shareholder meeting to begin the process of replacing Chief Executive Roberto Castello Branco with former Defense Minister Joaquim Silva e Luna. | | | | | | Veteran dealmaker Michael Klein and his partners have turned their $43 million personal investment in the blank-check acquisition firm they are merging with luxury electric vehicle startup Lucid Motors Inc into a nearly $3.3 billion paper gain, according to Reuters calculations. | | | | | | The U.S. Postal Service (USPS) said on Tuesday it will award a multibillion-dollar, 10-year contract to Oshkosh Defense to manufacture a new generation of postal delivery vehicles. | | | | | | A gauge of global equity markets rebounded in a late-session rally on Tuesday after U.S. Federal Reserve Chair Jerome Powell calmed fears of rising interest rates that have roiled bonds and helped spur assets linked to expectations of a strong recovery. | | | | | | GameStop Corp said on Tuesday Chief Financial Officer Jim Bell will resign on March 26. | | | | | | Wall Street reversed course late Tuesday, with the S&P 500 and the Dow whipsawing to positive territory by the closing bell in a tug-of-war between stocks that thrived amid lockdowns and those that stand to benefit most from a reopening economy. | | | | | | Brazil's government on Tuesday will unveil a provisional measure associated with its plans to privatize state-run electricity provider Eletrobras, three sources with knowledge of the matter told Reuters. | | | | | | Wells Fargo & Co said on Tuesday it had agreed to sell its asset management business, which manages more than $603 billion on behalf of customers, to private equity firms GTCR LLC and Reverence Capital Partners for $2.1 billion. | | | | | | Macy's Inc forecast 2021 sales largely above Wall Street estimates on Tuesday with major gains expected in the back half of the year as the retailer bets on its growing online business and the return of customers to its department stores when COVID-19 vaccinations curb the pandemic's impact. | | | | | | Wally Adeyemo, President Joe Biden's nominee as deputy Treasury secretary, on Tuesday said Washington should work with allies to hold China accountable to international rules to ensure a level playing field for companies in the United States and elsewhere. | | | | | |
