Philip Green’s Topshop-to-Dorothy Perkins fashion empire staved off a collapse into administration on Wednesday as creditors approved his sweetened restructuring plan.
Wall Street eased on Wednesday, with bank stocks declining as prospects of a U.S. interest rate cut rose and energy shares tumbling along with oil prices.
Oil futures sank 4% on Wednesday amid higher U.S. crude inventories and a bleaker demand outlook, while uncertainty over the U.S.-China trade war and U.S. economic data weighed on stocks.
The senior Democrat on the Federal Communications Commission on Wednesday criticized the FCC’s review of the proposed $26.5 billion tie-up of Sprint Corp and T-Mobile US Inc, saying Republican commissioners moved toward approving the merger without adequate economic and legal analysis.
Real estate billionaire Sam Zell and other former officers and directors of Tribune Co have reached a $200 million settlement resolving allegations of fraudulent transactions related to the media company’s disastrous 2007 leveraged buyout.
U.S. President Donald Trump said on Wednesday he was sure China and Hong Kong would be able to “work things out” after mass protests in the city against an extradition bill that would allow people to be sent to mainland China for trial.
Comcast Corp will more than double its investment in European original programming and start an in-house studio at its European unit Sky after Sky’s success with the mini-series “Chernobyl,” the company said on Wednesday.
French President Emmanuel Macron has turned down a request to meet Renault chairman Jean-Dominique Senard, who is furious over the government’s interference at the carmaker, sources told Reuters, raising questions over Senard’s future.
A David and Goliath battle is brewing in the business of selling prescription medicines for pets, pitching veterinarians against online giants moving into this lucrative corner of the growing market for animal supplies.
Wall Street’s main indexes dipped on Wednesday over worries of a prolonged U.S.-China trade war after Washington toughened its stance, but losses were cushioned by a muted reading on inflation that backed the case for an interest rate cut.
U.S. President Donald Trump said on Wednesday he is sure China and Hong Kong will be able to work things out after mass protests against an extradition bill that would allow people to be sent to mainland China for trial descended into chaos.
U.S. consumer prices barely rose in May, pointing to moderate inflation that together with a slowing economy increased pressure on the Federal Reserve to cut interest rates this year.
The chairman of French car maker Renault said he was confident of reaching an agreement with partner Nissan on the composition of the Japanese company’s main board committees.
U.S. President Donald Trump said on Wednesday he is sure China and Hong Kong will be able to work things out after mass protests against an extradition bill that would allow people to be sent to mainland China for trial descended into chaos.
General Motors Co president Mark Reuss said on Wednesday that the automaker is investing about $150 million at its Flint Assembly plant, Michigan, to boost production of heavy duty trucks by another 40,000 vehicles a year.
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