By James Davey LONDON (Reuters) -British electricals retailer Currys on Thursday stuck to its annual guidance as it reported a first-half loss in line with last year, hurt by a subdued market for discretionary spending and particular weakness in the Nordics market. The seller of cookers, fridges, washing machines, TVs, computers and mobile phones had …
UK retailer Currys sticks to guidance after first-half loss Read More »
By Mimosa Spencer PARIS (Reuters) -Early holiday shopping season discounts from high-end fashion retailers like Bergdorf Goodman on New York’s Fifth Avenue raised concern that a lacklustre Christmas could lead to inventory gluts – potentially dragging labels into a discounting spiral that would cheapen their image. The latest U.S. credit card data from Barclays released …
Luxury slowdown prompts fears of inventory pile-up over key holiday season Read More »
By David Shepardson WASHINGTON (Reuters) -Tesla is recalling over 2 million vehicles in the U.S. to install new safeguards in its Autopilot advanced driver-assistance system, after a federal safety regulator cited safety concerns. The largest-ever Tesla recall appears to cover nearly all vehicles on U.S. roads to better ensure drivers pay attention when using the …
Tesla recalls nearly all vehicles on US roads over lack of Autopilot safeguards Read More »
WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission said on Wednesday that Credit Suisse Securities (USA) and two affiliated Credit Suisse entities had agreed to pay over $10 million to settle charges they provided prohibited mutual fund services. Without admitting or denying the SEC’s findings, the Credit Suisse entities agreed to pay more than …
SEC says Credit Suisse entities to pay $10 million over prohibited mutual fund services Read More »
By Sudip Kar-Gupta PARIS (Reuters) – French media company Vivendi said it had decided to examine splitting up some of its activities into several entities, each of which would then be listed on the stock market, in order to boost their growth and development. Vivendi – in which France’s billionaire Bollore family holds the biggest …
Media giant Vivendi to examine spinning off some units onto stock market Read More »
(Reuters) – BP on Monday cut over $40 million in compensation from former CEO Bernard Looney after the British oil giant concluded he had knowingly misled the board over personal relationships with colleagues. Looney resigned in September after less than four years in the top job for failing to fully disclose details of past personal …
Factbox-Scandal-hit companies which went after executive compensation Read More »
By Ron Bousso and Pushkala Aripaka LONDON (Reuters) – BP cut over $40 million in remuneration from former CEO Bernard Looney after the British oil giant concluded he had knowingly misled the board over personal relationships with colleagues. BP’s board dismissed Looney without notice effective Dec. 13 for serious misconduct and said in a statement …
BP claws back $40 million from former CEO Looney Read More »
By Elvira Pollina and Giselda Vagnoni MILAN (Reuters) -Telecom Italia (TIM) Chairman Salvatore Rossi will not seek another mandate as head of the former phone monopoly’s board when his stint ends next year, the executive told Reuters on Wednesday, confirming an earlier source-based report. Rossi’s decision comes after TIM approved a 19-billion euro sale of …
Telecom Italia chair set to leave job as Vivendi readies legal battle Read More »
By Jan Strupczewski BRUSSELS (Reuters) – The European Commission will find a way for Poland to access some 111 billion euros in frozen EU funds as the new Polish government moves toward alleviating the bloc’s concerns about the rule of law, European Budget Commissioner Johannes Hahn said on Wednesday. New centrist Prime Minister Donald Tusk’s …
Exclusive-EU to find way to help Poland access frozen EU cash -Hahn Read More »
BRUSSELS (Reuters) – Germany’s 2024 budget deal could help to unblock talks on the revision of the European Union’s long-term budget to provide money for Ukraine and migration, EU Budget Commissioner Johannes Hahn said on Wednesday. The 27-nation EU has been wrangling over a revision of its 2021-2027 budget since June, with the European Commission …
German 2024 budget deal could spur EU agreement on budget revision Read More »
