Business & Finance News
PVH Corp said on Wednesday it had temporarily closed majority of its Calvin Klein and Tommy Hilfiger stores in China due to the coronavirus outbreak.
U.S. stock index futures rose on Wednesday after a drop in the number of new cases of coronavirus infections in China raised hopes that the economic fallout from the outbreak would be contained.
Swiss elevator maker Schindler would embark on an all-out antitrust offensive in the courts to stall any deal to combine Thyssenkrupp’s lift division with rival Kone , board member Alfred Schindler told Reuters.
Chemicals giant BASF on Wednesday picked a site in the eastern German state of Brandenburg for its second European battery materials factory, part of a one million euro investment plan to benefit from a growing electric vehicle market.
Big investors who are critical to SoftBank Group’s plans for a second massive technology investment fund are refusing to take part unless the first $100 billion Vision Fund can turn around its performance, sources familiar with the talks told Reuters.
Google defended its business model on Wednesday, saying that making innovative products was at its core rather than helping rivals, as it sought to overturn a 2.4-billion-euro ($2.6 billion) EU antitrust fine at Europe’s second-highest court.
Peter Zaffino sat at 2 World Trade Center poring over financial reports on the morning of Sept. 11, 2001, when the first plane struck a neighboring building. Zaffino, known by colleagues for his laser-like focus, remained at his desk as staff began fleeing.
Canada’s Shopify Inc beat Wall Street estimates for quarterly revenue on Wednesday, boosted by Black Friday and Cyber Monday sales on the e-commerce platform.
Gucci-owner Kering’s chairman Francois-Henri Pinault said on Wednesday the company was frustrated with the slow pace of progress in cosmetics development with license holder Coty .
Oil prices extended gains on Wednesday as China reported its lowest daily number of new coronavirus cases since late January, stoking investor hopes that fuel demand in the world’s second-largest oil consumer may begin to recover from the epidemic.
Airbus said on Wednesday its Airbus Helicopters unit had signed an order for six H135 military training helicopters from the Royal Thai Air Force.
Souring energy loans eroded ABN Amro’s fourth quarter profit growth, it said on Wednesday, prompting the Dutch bank to launch another review of its trade and commodity finance operations.
Quarterly profit at SoftBank Group Corp was almost wiped out as the Japanese technology giant was hit for a second straight quarter by losses at its $100 billion Vision Fund.
Swiss elevator maker Schindler would embark on an all-out antitrust offensive in the courts to stall any deal to combine Thyssenkrupp’s lift division with rival Kone , board member Alfred Schindler told Reuters.
Major aircraft lessor Avolon and its peers stand to benefit from the coronavirus outbreak as airlines shore up cash by refinancing their planes, the Dublin-based firm said on Wednesday.
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