Yahoo Finance FTC Blocks Tapestry, Capri $8.5 Billion Merger. Stocks Dip.
Regulators argue the deal would eliminate competition in the market for less expensive luxury handbags.
Regulators argue the deal would eliminate competition in the market for less expensive luxury handbags.
Apple has suffered its biggest drop in iPhone sales for more than three years as Chinese shoppers turn away from the company and embrace domestic rivals such as Huawei.
PARIS (Reuters) -French government efforts to slow an influx of Chinese-made electric vehicles are bearing fruit, industry data show, highlighting one of the most sensitive trade issues when China's president visits next week. A surge in imports of Chinese electric cars into Europe has triggered EU tariff threats, which are expected to be a bone of contention when President Emmanuel Macron hosts his Chinese counterpart for a state visit on Monday. France did not wait for a European Union decision on implementing tariffs, instead redesigning its cash bonus scheme in December to exclude the purchase of models made in China, which had rapidly gained market share.
Russian energy giant Gazprom said Thursday it suffered a record annual loss last year as the European market was practically shut to its gas exports due to sanctions over Moscow's military operation in Ukraine.Exports to Europe have long been Gazprom's top earnings source, but following the start of the conflict in Ukraine European nations sought to reduce their reliance upon Russian natural gas.
Chubb, the insurer of Baltimore's Francis Scott Key Bridge that collapsed in March, is preparing to make a $350 million payout to the state of Maryland, the Wall Street Journal reported on Thursday. The payment is expected to be authorized within weeks, the report said, citing a statement from Henry Daar, head of property claims North America for WTW, the bridge's broker. The $350-million payout could be the first of many related to the disaster that analysts have said might cost insurers up to $4 billion, making it a record shipping insurance loss.
When you were a kid, you might have learned from parents, teachers or friends that the best way to earn a high income in adulthood is to get a college degree and become a doctor, lawyer or some other...
With inflation pushing up the cost of daily life just about everywhere you go, people from all over the country are looking for ways to lower their spending -- but even that isn't enough in most...
Over half of these “peak boomers” have $250K or less in assets.
‘They were always caught flat-footed by some terrible problem that many people in the workplace knew would happen... And that happened over and over and over and over and over again.’ Io Dodds reports on a corporate nightmare
British retail tycoon Mike Ashley's Frasers Group has withdrawn its London lawsuit against Morgan Stanley over a nearly $1 billion margin call, a spokesperson for the Wall Street bank said on Friday. Frasers had sued Morgan Stanley for about 47 million euros ($50.5 million) after the bank imposed the margin call – security to cover possible losses – on the retailer's trading position in German fashion group Hugo Boss in May 2021. Ashley, whose fortune is estimated by Forbes to be worth $5.1 billion, gave evidence at the trial at London's High Court in February that the demand for collateral left him in "total shock".
Dining out these days might seem like a luxury for Americans pinched by inflation. For some restaurants, it feels like a battle to get them to spend.
MoonPay users in the U.S. can seamlessly buy crypto with PayPal. PayPal extends its offering of crypto tokens thanks to MoonPay. Cryptocurrency buying app MoonPay has partnered with fintech giant PayPal (PYPL), the companies said on Thursday.
Electric and gas utility Southern Co said on Thursday industrial sales have started to show signs of recovery following a soft 2023, after customer growth and higher electricity usage drove a first-quarter profit beat. Retail electricity saw robust customer growth, the company said. It added more than 13,000 residential electric customers and over 7,000 residential gas customers.
Retirement legend Ted Benna says the savings model isn’t for everyone, but he would do it all over again.
Some 'garden leave' agreements that Wall Street uses to protect secrets are expected to survive the FTC's new noncompete ban, but some probably won't.
U.S. job growth slowed more than expected in April and the increase in annual wages fell below 4.0% for the first time in nearly three years, but it is probably too early to expect that the Federal Reserve will start cutting interest rates before September as the labor market remains fairly tight. The Labor Department's closely watched employment report on Friday also showed the unemployment rate rising to 3.9% from 3.8% in March amid increasing labor supply.
WASHINGTON (Reuters) -Google and the U.S. Justice Department clashed in court on Friday over claims that the Alphabet unit unlawfully schemed to dominate search advertising, during closing arguments in a case the government contends could shape the “future of the internet.” U.S. District Judge Amit Mehta in Washington grilled both sides with questions, probing whether competitive platforms such as ByteDance’s TikTok and Meta’s Facebook and Instagram are competitive substitutes for search advertising dollars. Mehta called platform “substitutability” for advertisers a central issue the court must resolve, as he prepares to render a major decision in coming months on whether Google's conduct broke antitrust law.
CEO is making a surprise exit after successfully slimming down the global bank and winning over its tough chair
** Sony Pictures Entertainment (SPE) and Apollo Global Management have made a $26 billion cash offer for Paramount Global, the Wall Street Journal reported. ** Britain's competition watchdog said that Pennon Group's acquisition of Sutton and East Surrey (SES) Water could hurt the water regulator's ability to make comparisons between water companies. ** The UK's competition regulator launched an in-depth probe into Lindab's acquisition of British ventilation company HAS-Vent, after the Swedish firm did not offer any undertaking following the watchdog's initial investigation.
Hoka was founded a little over a decade ago, and the brand is already worth more than $1 billion. We explore the shoe’s design and what makes the brand stand out from its competitors.
The U.S. government will layout its antitrust case against Alphabet's Google in closing arguments on Thursday, wrapping up a trial in which the online search leader is accused of breaking the law to stay on top. The U.S. government has hammered away at Google in a trial that started Sept. 12, arguing Google is a monopolist and illegally abused its power to favor its bottom line. The second, against Meta, was also filed during the Trump administration, while Biden's antitrust enforcers have followed with a second case against Google and cases against Amazon.com and Apple Inc.