Oil stages U-turn, rises after Russia leans toward output cut
Oil reversed course and rose on Thursday, after industry sources said Russia had accepted the need to cut production, together with OPEC.
Unilever CEO retires after headquarters row, replaced by insider Jope
Unilever’s Chief Executive Paul Polman will step down next month after 10 years in the job, leaving insider Alan Jope to step into his shoes after the Anglo-Dutch group’s failed attempt to shift its headquarters.
Abercrombie & Fitch forecasts upbeat holiday quarter, shares soar
U.S. teen apparel retailer Abercrombie & Fitch Co forecast same-store sales for the holiday quarter above analysts’ estimates on Thursday, driven by strong sales at its Hollister and flagship stores, sending its shares soaring 24 percent in early trading.
Deutsche Bank offices raided in money laundering probe
Police raided six Deutsche Bank offices in and around Frankfurt on Thursday over money laundering allegations linked to the “Panama Papers”, the public prosecutor’s office in Germany’s financial capital said.
Factbox: Unilever names beauty unit head Alan Jope as new CEO
Anglo-Dutch consumer goods company Unilever said its CEO Paul Polman was retiring and would be replaced by the head of its beauty unit Alan Jope, 54, from January 1.
Futures dip after rally powered by Powell’s dovish comments
U.S. stock index futures fell on Thursday, following a sharp rally in the prior session after Federal Reserve Chair Jerome Powell eased worries about monetary tightening, as focus shifts to a high stakes U.S.-China trade talk at the G20 Summit.
Fiat Chrysler to spend 5 billion euros on new models, engines in Italy
Fiat Chrysler pledged on Thursday to spend more than 5 billion euros ($5.7 billion) on new models and engines in Italy over the next three years to try to make better use of factories and boost operating margins in Europe.
Ford backs PM May’s Brexit plan to avoid no-deal ‘catastrophe’
Carmaker Ford backed Prime Minister Theresa May’s Brexit deal on Thursday to avoid a no-deal “catastrophe,” but said she still needed to guarantee long-term frictionless trade, which is key to the future of its plants in Britain.
Amazon’s treatment of sellers comes under scrutiny in Germany
Germany’s antitrust authority has launched an investigation into whether U.S. ecommerce giant Amazon is exploiting its market dominance in its relations with third-party retailers who use its website as a marketplace.
Unilever CEO retires after investor row, replaced by insider Jope
Unilever Chief Executive Paul Polman is retiring less than two months after a damaging row with shareholders and will be succeeded in January by Alan Jope, the head of the Anglo-Dutch group’s beauty business.
