The boss of Pernod Ricard said on Thursday that the priority of the French spirits group, which is under pressure from activist investor Elliott, was to create long-term value and added he had no plans to sell its champagne assets.
Renault is investigating a sponsorship deal with the Chateau de Versailles that included a 50,000 euro ($57,000)personal benefit to former chairman Carlos Ghosn, the carmaker said on Thursday.
Travel group Thomas Cook said on Thursday it was willing to sell its airline business to raise cash and fund its fight back from a torrid 2018 and signs of a tough 2019 ahead.
Italy will ban China’s Huawei Technologies and ZTE Corp from playing a role in the roll out of the country’s 5G infrastructure, Italy’s La Stampa newspaper said on Thursday citing sources.
One of the biggest sellers on Amazon.com Inc’s India website has returned after the online retail giant changed its business structures to comply with new federal e-commerce curbs that took effect last week, two sources told Reuters.
In June, the High Seas tanker ship loaded up on ethanol in Texas and set off for Asia.
Novartis AG Chief Executive Vas Narasimhan said his company’s prescription drug prices have been “flat to negative” over the last three years, and directed blame for high costs for U.S. patients on industry middlemen that manage drug benefits.
Asian share markets hovered near four-month highs on Thursday with Australian equities the star performer while the New Zealand dollar sank after disappointing jobs data prompted investors to narrow the odds of a future rate cut.
Volvo Cars, owned by China’s Geely, reported higher full-year revenue on Thursday, but said its profit margins had slipped and were expected to remain under pressure this year.
In a world with fewer branches, banks will need to rely more heavily on advertising to win market share, according to a study released on Thursday by McKinsey.
Asian share markets edged up to four-month highs on Thursday with Australian equities the star performer while the New Zealand dollar sank after disappointing jobs data prompted investors to narrow the odds of a future rate cut.
SoftBank Group Corp shares jumped 17 percent on Thursday, adding $14 billion to the Japanese tech investment giant’s market value, after it unveiled a record share buyback and a surge in quarterly operating profit.
General Motors Co on Wednesday outlined an incentive plan for the head of its self-driving car unit that points the way toward a possible initial public offering for the business.
Fiat Chrysler Automobiles NV and Robert Bosch have agreed to pay lawyers representing owners of U.S. diesel vehicles $66 million in fees and costs, according to court filing on Wednesday and people briefed on the matter.
California utility PG&E Corp plans to increase the controversial practice of shutting off the power to communities at risk of wildfire when dangerous conditions such as high winds and dry heat are present.
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