Neiman Marcus Rides a Rebound in Luxury Shoppers 

After a trip through bankruptcy in 2020, the retailer plans to invest $500 million to refresh stores and improve its digital business.

JPMorgan, Other Major Banks Excluded From Landmark European Bond Program 

The European Union excluded some of the world's largest banks, including Bank of America and UniCredit, from working on a nearly $1 trillion coronavirus relief bond program, citing recent cases in which regulators punished them for forming cartels.

PwC to Spend $12 Billion on Hiring, Expanding Expertise in AI, Cybersecurity 

PricewaterhouseCoopers plans to spend $12 billion and hire 100,000 new people in areas such as artificial intelligence and cybersecurity by 2026, the latest move by a Big Four accounting firm to bet big on technology.

AstraZeneca Covid-19 Antibody Treatment Suffers Setback 

AstraZeneca's coronavirus antibody treatment failed in late-stage clinical trials to achieve its primary goal of preventing symptomatic Covid-19 in people recently exposed to the virus, the latest disappointment in a broader search for reliable post-infection therapies.

New Book Publisher Caters to Conservative Voices 

All Seasons Press, led by two industry veterans, backs right-wing authors as mainstream houses face growing disputes over editorial decisions.

U.S. and EU Agree to Suspend Airbus-Boeing Trade Fight 

The move to end the longest and most costly spat in the history of the WTO will significantly reduce trade tensions between the two economies.

Apollo, Ares and Oaktree Team Up on Initiative to Lure Black Talent 

The investment firms will each commit $3 million yearly over a decade to a joint initiative aimed at attracting more Black talent to the industry, which has struggled to do so despite numerous attempts.

Lufthansa Sets 2024 Targets, Mulls Capital Increase 

Germany's Lufthansa said it aims to boost its earnings margin and return on capital employed by 2024 and outlined plans for a capital increase, as it prepares for a rebound in passenger demand.

H&M Sales Surge But Undershoot Forecasts 

Sweden's H&M posted a slightly-below-forecast 62% rise in second quarter sales, as pandemic restrictions eased, although stores in markets such as France and Germany remained closed almost throughout the quarter.

Lordstown Motors' New Interim CFO Known for Turning Around Struggling Companies 

The Lordstown, Ohio-based company on Monday disclosed it engaged AP Services LLC, a subsidiary of AlixPartners LLP, as part of an executive reshuffling after a board report found inaccuracies in some of the firm's disclosures about truck preorders.


(END) Dow Jones Newswires

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

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