L Brands to Spin Off Victoria's Secret 

The retailer is spinning off the lingerie chain to its existing shareholders, a coda in the company's review process for the brand after longtime leader Leslie Wexner stepped aside as CEO last year.

China Threatens Move Against Ericsson Amid Huawei Ban 

Beijing is giving Sweden one last chance to reverse its ban on telecommunications-equipment giant Huawei before it could retaliate against rival Ericsson.

Greensill Capital Is Target of U.K. Government Probe 

The U.K.'s top financial regulator said it is investigating the failed financial firm, citing allegations of what it called "potentially criminal" matters. the company's founder Lex Greensill is due to give a testimony in the U.K. parliament on Tuesday.

Nissan Motor Posts Narrower Net Loss in Fourth Quarter 

Nissan Motor said that it posted a narrower net loss in its fourth quarter, as its sales improved in many parts of the world.

Amazon to Raise $1 Billion via Its First Sustainability Bond 

Amazon.com has issued its first sustainability bond, aiming to raise $1 billion to support environmental and social projects as investors clamor for more sustainability bonds to "green up" their portfolios.

First Covid-19 Vaccine Cleared for U.S. Adolescents 

U.S. health regulators' decision to approve Pfizer-BioNTech's shot for use in children ages 12 to 15 paves the way for immunizations before summer camps and the start of the next school year.

Quantum Energy Begins Drive for New $4.5 Billion Pool 

Quantum Energy Partners has started raising $4.5 billion for its eighth energy-focused flagship strategy, betting that rising oil prices will help it win over investors after putting the campaign on hold last year, said people familiar with the matter.

Novavax Covid-19 Vaccine Faces Delay 

A shortage of raw materials will push back several regulatory and manufacturing targets for the vaccine, which is in the final stage of testing.

NTSB Raises Doubts Fatal Tesla Crash Involved Autopilot 

Federal safety officials say video showed Model S owner entering the driver's seat before trip began.

Unions Say Mexican Auto-Parts Maker Is Violating Trade Deal 

The complaint would be the first case that seeks to use a new labor-dispute provision of the USMCA trade agreement signed into law last year by former President Donald Trump with bipartisan backing.


(END) Dow Jones Newswires

May 11, 2021 11:15 ET (15:15 GMT)

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