Tapestry profit tops estimates on overseas demand for Coach handbags
Tapestry Inc beat quarterly profit estimates on Tuesday, as demand for its high-margin Coach handbags and apparel in China and Europe helped it overcome stagnating sales in North America, sending its shares up 4.7% in premarket trading.
Former McDonald’s chief Easterbrook steps down from Walmart board
Steve Easterbrook, the chief executive officer of McDonald’s Corp who was dismissed over the weekend, has resigned from Walmart Inc’s board, the retailer said on Tuesday.
Lufthansa files motion to prevent cabin crew strike: spokeswoman
Lufthansa , Germany’s biggest airline, has filed a motion with a Frankfurt court to prevent a flight attendants’ strike scheduled for this week, a company spokeswoman said on Tuesday.
Mediaset ready to change pan-Europe TV governance to appease Vivendi: source
Italian broadcaster Mediaset is ready to modify the governance of its pan-Europe TV reorganisation in order to reach a compromise with hostile shareholder Vivendi VIV.PA>, a source said on Tuesday.
Scramble for propane marks Mother Nature’s latest challenge for U.S. farmers
Months after historic floods ravaged the U.S. Midwest, farmers scrambling to harvest their crops face a new headache: finding fuel to dry their soaked grains.
OPEC’s Barkindo: oil market may have upside potential next year
OPEC Secretary-General Mohammad Barkindo said on Tuesday that the oil market outlook for 2020 may have upside potential, appearing to downplay any need for deeper cuts to production.
How will Apple, Disney, AT&T and Netflix retain streaming subscribers?
When Apple Inc’s video streaming service made its debut on Friday, it came with $2 billion worth of original programming – a feature widely considered to be the most powerful magnet for new subscribers.
Oil gains on optimism over U.S.-China trade deal
Oil prices rose on Tuesday on positive economic data and hopes for a Washington-Beijing trade deal that will lead to a de-escalation in tensions between the world’s top economies.
Floundering tech bets put spotlight on SoftBank results, Son
SoftBank Group Corp and its founder Masayoshi Son face a day of reckoning on Wednesday when the investment juggernaut is likely to post weak quarterly results, hit by hefty falls in the valuation of some of its biggest tech bets.
Bullet dodged? Markets bet global recession averted
World shares climbed back toward record highs and safe-haven bonds tumbled on Tuesday, as hopes that Washington may roll back some of the tariffs it has imposed on Chinese imports rekindled optimism about the global economic outlook.
