Lear, the US automotive group, was set to price a €250m ($231m) bond on Thursday in the first test of European high yield since the market's latest sell-off.

Bankers at the two lead managers, Deutsche Bank and Salomon Smith Barney, said that the deal was likely to be priced &quotin the 8% area&quot. They added that the US book closed on Wednesday night and that they were finalising European orders on Thursday morning.

Lear prepares to test European high yield market

Jeremy Adams

Deutsche Bank

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Many on Wall Street have privately worried that political pressure will undermine the Federal Reserve’s credibility.

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Temperatures have been rising since the world’s oldest underground transportation system opened in 1863, presenting challenges that air conditioning can’t easily fix.

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Aircraft and booze are among imports that would be targeted as EU debates how to respond to President Trump’s latest trade threats.

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The four-day minimum requirement will begin in the new fiscal year, and some leaders will have to relocate to Seattle or Toronto within 12 months.

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JPMorgan, Wells Fargo lead the banks whose quarterly results may offer clues on how consumers and companies fared during a volatile period. The S&P 500 climbed 0.1%, and the Nasdaq rose 0.3% to a record.

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The bank put $50 billion toward lending to riskier companies to compete with nonbank giants dominating the market. The Walgreens deal was the payoff.

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More men than women are back in their cubicles, but remaining remote comes with risks. “It creates that barrier.”

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Mexico and Europe are grappling with how to respond to a U.S. administration that is using trade policy for a range of political and economic objectives.

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Continuation vehicles were once used by “zombie funds” but now usually contain top-performing companies.

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The short-term rental company now enables guests to book services at its properties. But hosts worry about liability—and not getting a cut.

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The 59-year-old hedge fund titan made his pro-tennis debut in a competitive ATP doubles tournament alongside a Grand Slam champion, and it ended in a straight-set defeat.

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The president again pushed the Fed to lower rates, helping power the S&P 500 and the Nasdaq composite to fresh record closing highs.

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A new group plans to raise at least $20 million to stop the democratic socialist in the city’s mayoral race.

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Recent graduates who haven’t started their gigs at big banks are being recruited for jobs that don’t start for another couple of years.

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