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By Ludwig Burger (Reuters) -Germany’s Continental plans to turn its ContiTech rubber and plastics division into an independent entity, it said on Tuesday, setting the company up to be a pure-play tire maker after the planned spin-off of its automotive segment. Executives said they viewed a sale as the most strategic option. “Markets are as …

Continental AG to focus on tire production, splitting off Conti-Tech division Read More »

(Reuters) -The top U.S. watchdog for consumer finance has asked a federal court to withdraw from the agency’s own 2022 case against MoneyGram, leaving the New York attorney general as the sole plaintiff, according to court papers. Under then-President Joe Biden, the agency had joined New York in accusing the cash transfer company of repeatedly …

US CFPB asks to exit Biden-era case against MoneyGram Read More »

(Reuters) – CVS Health’s chief financial officer, Thomas Cowhey, intends to step down, Bloomberg News reported on Monday, amid the health insurer’s ongoing efforts to effect a turnaround spearheaded by CEO David Joyner. Bloomberg, citing people familiar with the situation, said the timing of Cowhey’s departure was unclear but did not give a reason for …

CVS Health’s CFO to leave amid turnaround efforts, Bloomberg News reports Read More »

By Abhinav Parmar (Reuters) – Harley-Davidson’s Jochen Zeitz plans to retire as CEO in 2025, the company said on Tuesday, ending a five-year tenure marked by efforts to revive the American motorcycle maker struggling with plummeting demand. Zeitz, who had helped revive German footwear brand Puma’s near-bankrupt business, joined Harley’s board in 2007 and was …

Harley CEO Zeitz plans to retire this year amid turnaround Read More »

NEW YORK (Reuters) – As U.S. lenders begin to report earnings this week, investors’ focus will likely shift from profits to bank bosses’ remarks on the economy after President Donald Trump unveiled steep tariffs and triggered a market selloff. Mike Mayo, an analyst at Wells Fargo, said the largest effect of the tariffs in the …

US bank earnings likely to be overshadowed by recession concerns Read More »

(Reuters) -Walgreens, which is in the process of being taken private by Sycamore Partners, beat Wall Street estimates for quarterly profit as the pharmacy chain operator benefited from a turnaround effort that included closing underperforming stores. The company, whose shares rose 2.1% to $10.94 before the bell on Tuesday, also said it will withdraw its …

Walgreens beats profit estimates ahead of Sycamore Partners deal Read More »