Apple Inc.’s departing chief financial officer Peter Oppenheimer presided over a sales boom that filled company coffers with a record cash pile. His successor, Luca Maestri, inherits a company stung by slowing growth and increasing scrutiny of how it handles that hoard.
Saudi Fransi Capital, the top adviser for initial public offerings in the kingdom since 2012, expects the pace of share sales in the Gulf’s largest stock market to accelerate as equity valuations improve.
Morgan Stanley appointed Nancy King as head of its oil-liquids operations and made several senior appointments after the bank agreed to sell its global oil merchanting business to an OAO Rosneft subsidiary.
Lar Espana Real Estate Socimi SA, a Spanish property investment company, will list on the stock market next month in a 400 million-euro ($547 million) deal that will be the first Spanish share sale since 2011.
Venezuela’s President Nicolas Maduro has sent troops into the streets, clamped down on the press and sidestepped Congress to intensify what he calls the war against the “parasitic bourgeoisie” ahead of local elections.