FinanceApr 20
Brown-Forman Reportedly Favors Pernod Ricard Bid Over Sazerac for Acquisition
Jack Daniel's maker Brown-Forman is said to prefer French spirits company Pernod Ricard's takeover bid over rival offer from Sazerac.
2 sources
FinanceMay 19
ArcelorMittal Sells $667 Million Stake in Vallourec
Steelmaker ArcelorMittal sold approximately 10% of Vallourec's share capital for $667 million, planning to return proceeds to shareholders.
2 sources
FinanceMay 14
Burberry Reports 5% Sales Growth as Turnaround Strategy Progresses
Burberry posted 5% sales growth driven by strong performance in the Americas and China as its turnaround efforts continue amid challenging market conditions.
3 sources
FinanceMay 19
European Markets Expected Mixed Open; Germany Begins Uniper Privatization Process
European stock markets anticipated mixed opening as Germany initiates privatization of energy company Uniper.
2 sources
FinanceJun 2
LA's Fashion District Faces Economic Challenges Amid Declining Sales and Visitation
Downtown Los Angeles's fashion district, the largest US apparel manufacturing hub, experiences significant revenue drops despite producing 83% of domestically-made clothing.
2 sources
FinanceMay 18
IKEA Franchiser Cuts 850 Jobs Amid Declining Consumer Spending
IKEA's franchiser announced 850 job cuts as part of cost-reduction efforts responding to weakening consumer demand.
2 sources
FinanceMar 6
Saks Global to Close 15 Additional Stores During Bankruptcy Restructuring
The parent company of Saks Fifth Avenue and Neiman Marcus will shutter 15 more department stores as part of its Chapter 11 bankruptcy proceedings.
4 sources
FinanceMar 6
Four Companies Added to S&P 500 Index
Vertiv, Lumentum, Coherent, and EchoStar have been selected for inclusion in the S&P 500 stock index.
4 sources
FinanceMay 18
Elliott Management Builds Stake in Bio-Rad Laboratories
Activist investor Elliott Management has acquired a significant position in life-science tools supplier Bio-Rad Laboratories.
2 sources
FinanceApr 28
Mixed Earnings Results for European Companies in First Quarter
Air Liquide and Barclays reported revenue and profit growth respectively, while WPP faced declines across its advertising units.
3 sources
FinanceApr 18
Central Bank Leaders to Participate in Financial Crisis Simulation Exercise
Senior officials from major central banks will conduct a war game exercise in Washington to test responses to a significant bank collapse.
2 sources
FinanceMay 31
Chinese-Owned Lotus Plans U.S. Market Return Amid High Car Prices
Lotus, the British sports car manufacturer now owned by Chinese company Geely, is planning a return to the U.S. market as new car affordability challenges American consumers.
2 sources
FinanceJun 15
Energy Market Developments Show Mixed Signals as Trader Faces Financial Pressure
JPMorgan analyst sees potential oil market benefits for stocks while Goldman-backed energy trader seeks debt financing after major profit decline.
2 sources
FinanceApr 18
Over One-Third of Young Men in Their 20s and 30s Live with Parents, Highest Since 2007
Rising living costs have pushed the proportion of men aged 20-34 living with parents to the highest level in over 15 years.
2 sources
FinanceMay 12
Webtoon Entertainment Forecasts Modest Q2 Revenue Growth
Digital comics platform Webtoon Entertainment projected second-quarter revenue of $332-342 million, representing modest growth that disappointed investors.
3 sources
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