Switzerland, Victorinox settle legal fight over Swiss Army perfume
Fans of Swiss Army perfume can breathe a sigh of relief: the government and knifemaker Victorinox have settled a legal row that paves the way for military-grade scents to be sold in North America.
AbbVie CFO Chase stepping down, to retire by mid-year 2019
AbbVie Inc said on Friday that Chief Financial Officer William Chase is retiring in mid-2019 and named its controller, Robert Michael, his immediate successor as CFO.
EU signs Singapore trade deal, urges China to open up
The European Union signed a free-trade deal with Singapore at a summit with Asian leaders on Friday and pressed China to allow greater foreign investment in its economy, but ran into familiar resistance from Beijing over state subsidies.
Consumer staples lead Wall Street rebound
U.S. stocks rose broadly on Friday, driven by the consumer staples sector which was helped by Procter & Gamble results, brushing aside growth risk concerns in Europe and political tensions in Saudi Arabia.
Honeywell says China growth slowing, tariffs to squeeze margins
Honeywell said on Friday it was seeing slower growth in China and that trade tariffs would squeeze margins and potentially cost it “hundreds of millions” of dollars in 2019.
P&G shares surge on strong results, higher product prices
Procter & Gamble Co reported better-than-expected quarterly profit and sales, and said it was raising prices on several products around the world, sending shares up on Friday by their most in a decade.
Air France inks pay deal in milestone for new CEO
Air France-KLM’s new Chief Executive Ben Smith struck a pay deal with French unions on Friday, drawing a line under a protracted standoff that had led to costly strikes and the abrupt departure of his predecessor earlier this year.
Facebook hires former UK deputy prime minister as head of global affairs
Facebook Inc has hired former British Deputy Prime Minister Nick Clegg to lead its global affairs and communications team, as the social network deals with a number of scandals related to privacy, fake news and election meddling.
SolarWinds shares rise 3.2 percent in downsized market debut
SolarWinds Corp’s shares rose as much as 3.2 percent in their downsized U.S. market debut on Friday, giving the enterprise software maker a market value of about $4.80 billion.
Stocks bounce back despite Italy angst; dollar dips
Stocks rose across the world on Friday with a global index aiming to avoid a fourth consecutive weekly loss, but concerns over Italy’s budget weighed on its stocks and bonds.
