Tiffany asks LVMH to raise its $14.5 billion offer: sources
Tiffany & Co has asked Bulgari owner LVMH to raise its $14.5 billion acquisition offer, arguing that it significantly undervalues the U.S. jewelry chain, people familiar with the matter said on Wednesday.
Airbnb to review ‘high risk reservations’ following Halloween shooting
Short-term home rental company Airbnb Inc said on Wednesday it will introduce new safety measures in response to a fatal Halloween shooting in California last week, including a 24/7 hot line and review of “high risk reservations.”
NYT warns of ‘challenging’ quarter as ad revenue set to weaken, shares fall
The New York Times Co on Wednesday forecast a “fairly challenging” fourth quarter due to a drop in advertising revenue, which the publisher said may fall further due to changes in its ad platform, sending its shares down 9%.
Wall Street slips following report trade deal could be delayed
U.S. stocks slipped on Wednesday following a Reuters report the U.S.-China trade deal could be delayed until December.
Coca-Cola chooses plastic bottle collection over aluminum cans to cut carbon footprint
Coca-Cola is committed to collecting and recycling plastic bottles rather than switching to aluminum cans as the world’s largest soft drinks maker seeks to reduce its carbon footprint, its chief executive officer told Reuters.
Tesla to unveil electric pickup ‘cybertruck’ on November 21: Musk
Tesla Inc plans to unveil its electric pickup truck, “cybertruck,” on Nov. 21 in Los Angeles near the SpaceX rocket factory, Chief Executive Officer Elon Musk tweeted https://twitter.com/elonmusk/status/1192113294036754432 on Wednesday.
Remain more likely than no-deal Brexit – Aviva’s Fitzgerald
There is more than a one-in-five chance that Britain remains in the European Union and there’s a greater likelihood of that outcome than a no-deal Brexit, said Peter Fitzgerald, head of multi-asset management at Aviva Investors.
Second U.S. law firm plots rival London forex class action
U.S law firm Hausfeld plans to battle Scott & Scott for a high-profile London class action against major banks over alleged foreign exchange (forex) rigging, a London court heard on Wednesday.
Boeing CEO will forgo ‘tens of millions of dollars’ in compensation
Boeing Co Chief Executive Dennis Muilenburg said on Wednesday he would forgo “tens of millions of dollars” in compensation after asking the company’s board of directors to waive his bonuses on Saturday.
Thyssenkrupp poised to get elevator bids this week: sources
Thyssenkrupp will receive first bids for its elevator division this week, three people familiar with the matter said, as major stakeholders differ over whether the conglomerate should sell a majority stake in its most profitable asset.
