The holding company of Italian fashion brands Liu Jo and Blumarine aims to list on the stock market within two years, chief executive and founder Marco Marchi said on Thursday.
The coronavirus outbreak remains contained largely in mainland China and its immediate regions, though other parts of the world are being affected. Here’s the latest. …read more […]
Wall Street’s main indexes slipped from record highs at the open on Thursday as a sharp increase in the number of deaths and cases related to the coronavirus outbreak in China sent investors scurrying for safe-haven assets.
Tesla Inc made an about-turn on Thursday by announcing plans to raise $2 billion in a stock offering as the electric-car maker taps into an astronomical jump in its share price in the past few months.
Thyssenkrupp is seeing good initial feedback from potential suitors for its Plant Technology unit, its finance chief said, as the auction for the business is about to kick off officially.
Wall Street was set to open lower on Thursday after scaling record levels in the previous session, as a spike in new coronavirus deaths and cases in China sent investors scurrying for safe havens.
Markets started 2020 with a 5% gain on the S&P 500. It’s a fine cap to start the year, but will it last? Not so sure; Wall Street is predicting a far more modest run in 2020, with the end-year targets averaging just a 2% gain.The outlook reflects relative risk assessment, rather than depression. With the coronavirus outbreak, and a US Presidential election just nine months away, 2020 is starting out with plenty of uncertainty on the horizon.That uncertainty has investors worried, and when investors get worried they look for a safety net in their investment strategy. It’s a draw …read more […]
Kraft Heinz Co on Thursday missed quarterly sales estimates due to lower demand for products like bacon and cheese, and wrote down the value of some businesses – including coffee brand Maxwell House – by $666 million. Kraft Heinz’s sales have been muted for fourteen straight quarters as consumers turn to cheaper private label brands, online shopping and fashionable, non-processed and organic food. Thursday’s results mark the one-year anniversary of Kraft Heinz reporting a surprise loss and taking a $15.4 billion writedown of key brands – a move that rocked the consumer goods industry and led to the …read more […]
Kraft Heinz Co on Thursday missed quarterly sales estimates due to lower demand for products like bacon and cheese, and wrote down the value of some businesses – including coffee brand Maxwell House – by $666 million.
Years ago, when Randy Tinseth was still running Boeing’s sales account for United Airlines, the plane company’s designers pulled him aside. “They called me in and said we want to show United this interesting product and we can’t tell you about it until we get there,” Tinseth recalled. Out came the model of a futuristic, high-speed airliner called Sonic Cruiser. …read more […]
Credit Suisse Chief Executive Tidjane Thiam, ousted over a spying scandal, stands to collect as much as 30 million Swiss francs ($30 million) after resigning this month, two people familiar with the matter said.
Kraft Heinz Co on Thursday reported a 5.1% fall in quarterly sales, missing estimates due to lower U.S. demand for cheese, coffee, bacon and other products.
A sharp rise in the number of coronavirus deaths and infections unnerved world markets on Thursday, as traders halted the rally in stocks and retreated to the safety of government bonds and gold.
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