L Brands to Spin Off Victoria's Secret 
 

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

 
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.

 
Cathay Sells Dollar Bonds as Investors See Aviation's Prospects Improving 
 

Hong Kong's flagship carrier sold its first dollar bonds in more than two decades, seizing on investors' willingness to fund airlines as the industry's prospects improve.

 
Tyson Adds Workers, Breeds Bigger Flocks as Chicken Demand Soars 
 

Understaffed processing lines and problems on farms and hatcheries have cut into the biggest U.S. chicken producer's output as it looks to keep pace with rising demand from reopened restaurants.

(END) Dow Jones Newswires

May 11, 2021 09:00 ET (13:00 GMT)