Kering sales down 9% as luxury slowdown stalls revamp
By Mimosa Spencer PARIS French luxury group Kering reported a bigger-than-expected drop in third quarter sales, underperforming major
2023-10-25 03:26
Mood swing: Global producers in US hunt for China alternatives
By Timothy Aeppel Jason Andringa’s company was part of the stampede of U.S. businesses that built factories in
2023-10-23 18:18
Rolls-Royce plans up to 2,500 job cuts to revamp its 'burning platform' business
Aircraft engine maker Rolls-Royce will slash up to 2,500 jobs worldwide in a bid to streamline its operations and tackle years of underperformance.
2023-10-17 19:53
Walmart staffed up for holidays; US retailers cautious about economy
By Siddharth Cavale NEW YORK Walmart signaled it has enough staff for the holidays, in another sign that
2023-10-17 03:25
Mexico pitches tax breaks to lure foreign investment, infrastructure doubts persist
By Valentine Hilaire MEXICO CITY Mexico on Wednesday issued a decree to grant tax breaks for companies that
2023-10-12 08:27
China's Country Garden warns of default again as property sales plunge
For the second time in just over two months, Country Garden has warned investors that it could default on its $190 billion debt in a reminder that China's real estate crisis is far from over.
2023-10-10 17:24
Auto workers worry it takes less labor to build electric cars. Maybe not, some researchers say
A traditional car engine is a complex wonder of engineering, with pistons moving up and down, springs compressing and decompressing, spinning shafts, opening and closing valves and spinning gears meshing together. That's not to mention a transmission, connecting the engine to the wheels, that's a complex machine all its own. An electric motor, on the other hand, is really just some magnets wrapped in wires and it only needs a single speed transmission. That simplicity worries the United Auto Workers union.
2023-10-06 21:58
French retailer Casino finalises rescue deal led by Czech tycoon
By Dominique Vidalon PARIS (Reuters) -French supermarket group Casino has finalised a deal to avert bankruptcy through a debt restructuring
2023-10-05 23:52
US factory orders beat expectations in August
WASHINGTON New orders for U.S.-made goods increased more than expected in August and shipments accelerated, supporting views that
2023-10-05 02:52
Casino shares suspended, news on debt deal expected soon
By Dominique Vidalon PARIS Shares in French retailer Casino were suspended on Wednesday pending a statement, boosting speculation
2023-10-04 17:19
SAS shares plunge 95% as restructuring wipes out owners
COPENHAGEN Shares in SAS tumbled 95% in opening trade on Wednesday after the Scandinavian airline announced new big
2023-10-04 15:19
Carlyle pulls back from US consumer bets as part of strategic overhaul -source
By Anirban Sen (Reuters) -Private equity firm Carlyle Group plans to pull back from investing in U.S.-based consumer, media and
2023-10-03 07:17