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By Savyata Mishra (Reuters) – Kohl’s Corp new CEO warned that a turnaround will take “some time” after the U.S. department store chain forecast a bigger-than-anticipated drop in annual sales, sending its shares sliding 20% to a near three-decade low on Tuesday. The company joins larger rival Macy’s and big-box retailers Walmart and Target in …

Kohl’s shares slump as downbeat annual sales forecast casts shadow on turnaround Read More »

By Svea Herbst-Bayliss and Saeed Azhar NEW YORK (Reuters) -Bank of America eliminated some investment banking roles on Monday, including in New York, according to three sources familiar with the situation who declined to be identified discussing personnel matters. The cuts affected junior bankers, including analysts and associates, the three sources said. The small number …

Exclusive-Bank of America eliminates some investment banking roles, sources say Read More »

By Daniel Leussink YOKOHAMA, Japan (Reuters) -Nissan on Tuesday named Ivan Espinosa its next chief executive, tapping the two-decade company veteran with deep product experience to revive a once-storied brand now tarnished by years of scandal, management turmoil and faltering sales. The appointment of 46-year-old Espinosa, a Mexican national and Nissan’s chief planning officer, ends …

Embattled Nissan picks chief planning officer Espinosa to succeed CEO Uchida Read More »

SAO PAULO (Reuters) -Brazilian planemaker Embraer said on Tuesday it is considering establishing a final assembly line for its KC-390 military cargo aircraft in Poland, amid strong sales momentum for the plane in Europe. Embraer sees the European Union as a key market for the KC-390, and the Czech Republic, Austria, the Netherlands, Sweden and …

Embraer eyes potential KC-390 final assembly line in Poland Read More »

By Lisa Barrington SEOUL (Reuters) – Korean Air on Tuesday launched new aircraft livery and corporate branding that will be introduced across the company as it combines with South Korean rival Asiana Airlines to become one of Asia’s biggest carriers. South Korea’s largest airline in December completed a $1.3 billion acquisition of two-thirds of Asiana, …

Korean Air launches new branding after $1.3 billion Asiana acquisition Read More »