Consumer goods giants Unilever and Henkel and buyout funds including Advent and Cinven are exploring bids for some of Coty’s top beauty brands in a deal worth up to $7 billion, three sources told Reuters.
Makers of aircraft parts are making contingency plans for a prolonged grounding of Boeing’s 737 MAX, with several expecting the jet’s return to service to take longer than the planemaker hopes. The start date of deliveries of the MAX, grounded worldwide in March following a second fatal crash in five months, and the pace of production, which affects prices of aircraft parts, were key topics of discussion among suppliers at the Dubai Airshow this week. Boeing has said it hopes to begin deliveries of the jet next month after a software fix is approved by the U.S. Federal …read more […]
Technology company Prosus remains confident about its bid for British meal delivery business Just Eat , Chief Executive Bob van Dijk said on Friday, despite an increase in the value of rival Takeaway.com’s all-share bid.
Tesla Inc’s launch of its futuristic Cybertruck pickup suffered a setback when its “armoured glass” windows shattered but it was the overall look of the car that worried Wall Street on Friday, sending the company’s shares lower.
Wall Street was set to open higher on Friday as latest comments from China and U.S. President Donald Trump lifted hopes of a trade deal after conflicting headlines this week knocked stock indexes off record highs.
U.S. President Donald Trump said on Friday that a trade deal with China is “potentially very close” and that he stands with both the people of Hong Kong and Chinese President Xi Jinping amid massive protests in Hong Kong.
Gap is in serious trouble if it can’t close stores. …read more […]
If you are building a properly diversified stock portfolio, the chances are some of your picks will perform badly… …read more […]
Bitcoin slumped to a six-month low on Friday after China’s central bank launched a fresh crackdown on cryptocurrencies, warning of the risks entailed in issuing or trading them.
South African Airways (SAA) reached a deal on wages with two trade unions on Friday to end an eight-day strike that has weighed on the cash-strapped state airline.
Uber is waiting to find out whether its taxi license in London, one of its most important markets, will be renewed, just three days before it is due to expire in the latest stage of a long-running battle with the city’s transport regulator.
Dividend paying stocks like Thor Industries, Inc. (NYSE:THO) tend to be popular with investors, and for good reason… …read more […]
If you’re interested in LiveRamp Holdings, Inc. (NYSE:RAMP), then you might want to consider its beta (a measure of… …read more […]
Brazilian inflation fell to the second lowest level in more than two decades, according to a mid-month measure of consumer prices released on Friday, a figure likely to give the central bank extra cover to reduce interest rates again next month. The annual rate of Brazil’s IPCA-15 consumer price inflation in the month to mid-November fell to 2.67% from 2.72% the month before, marking the lowest rate since September last year and the second lowest since March 1999. Both the annual and monthly rates of consumer price increases in mid-November were slightly below the median forecasts in a …read more […]
(Bloomberg) — Travis Kalanick’s November selling spree has almost reached $1.5 billion.The Uber Technologies Inc. co-founder sold about $578 million of stock over three days this week, extending a series of transactions since a lockup ended Nov. 6. More disposals may be coming, with a Nov. 11 filing signaling Kalanick could offload his entire stake.The 43-year-old’s holding in the ride-hailing company now constitutes far less than half of his $3.3 billion fortune. The shift started even before Uber’s May listing, with Kalanick participating in private transactions after he was ousted as chief executive officer in 2017.“While it is usual to …read more […]
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