Business & Finance News
Italian broadcaster Mediaset and its hostile shareholder Vivendi are in talks about ways to overcome a dispute over the governance of Mediaset’s planned pan-European TV reorganization, two sources close to the matter said on Tuesday.
Tapestry Inc on Tuesday forecast lower-than-expected profit for the current quarter, citing weak demand at its millennial-focused Kate Spade brand and the impact of U.S. tariffs on Chinese imports.
A New Zealand estate planning company, which made headlines when it trailed a four-day week last year, has seen a big productivity increase since it made the change permanent, with staff spending less time surfing the Internet.
The oil market outlook for next year may have upside potential, the secretary-general of producer group OPEC said on Tuesday, appearing to downplay any need to cut output more deeply.
Regulators should work together in recertifying the grounded Boeing 737 MAX airliner instead of pursuing separate approval processes, the head of the International Air Transport Association (IATA) said on Tuesday.
India should hold talks with the European Union for a free trade agreement, the government said on Tuesday, a day after it refused to join a China-backed regional trade pact for fear of a flood of cheap Chinese imports.
Italian broadcaster Mediaset and its hostile shareholder Vivendi are in talks over ways to overcome a dispute over the governance of Mediaset’s pan-European TV reorganisation, two sources close to the matter said on Tuesday.
Fiat Chrysler and Peugeot owner PSA’s pledge not to close factories if they merge is likely to come under heavy strain as the combined group would have spare production capacity of almost six million vehicles in a slowing autos market.
Boeing Co Chairman Dave Calhoun said on Tuesday that the company’s board believes Chief Executive Dennis Muilenburg “has done everything right” just days after he came under attack from U.S. lawmakers on Capitol Hill after two fatal crashes involving Boeing 737 MAX airliners.
Tapestry Inc beat quarterly profit estimates on Tuesday, as demand for its high-margin Coach handbags and apparel in China and Europe helped it overcome stagnating sales in North America, sending its shares up 4.7% in premarket trading.
Directors of U.S. companies are increasingly showing zero tolerance for executives’ sexual relationships with employees, even consensual ones, an attitude shift evident in McDonald’s Corp’s dismissal of CEO Steve Easterbrook this week.
Kroger Co on Tuesday forecast 2020 profit and same-store sales ahead of Wall Street estimates, as the supermarket chain benefits from its investments in store modernization and delivery services.
Steve Easterbrook, the chief executive officer of McDonald’s Corp who was dismissed over the weekend, has resigned from Walmart Inc’s board, the retailer said on Tuesday.
Lufthansa , Germany’s biggest airline, has filed a motion with a Frankfurt court to prevent a flight attendants’ strike scheduled for this week, a company spokeswoman said on Tuesday.
Italian broadcaster Mediaset is ready to modify the governance of its pan-Europe TV reorganisation in order to reach a compromise with hostile shareholder Vivendi VIV.PA>, a source said on Tuesday.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
