LVMH’s Celine creator Phoebe Philo to leave company: source
PARIS (Reuters) – Phoebe Philo, artistic director of LVMH’s Celine label will leave the high-end ready-to-wear brand in January, the company said on Friday.
Daimler says U.S. tax reform will lift 2017 net income
FRANKFURT (Reuters) – German carmaker Daimler said on Friday the U.S. tax reform would result in an income tax benefit of around 1.7 billion euros ($2.01 billion) in its 2017 results.
Wall Street slips as Nike, UnitedHealth drag
(Reuters) – Wall Street’s major indexes slipped in thin pre-holiday trading on Friday, pressured by losses in Nike and UnitedHealth.
Strong U.S. consumer, business spending bolster growth picture
WASHINGTON (Reuters) – U.S. consumer spending accelerated in November and shipments of key capital goods orders increased for the 10th straight month, data showed on Friday, the latest signs of strong momentum in the economy as the year winds down.
Veiled threats and boardroom battles: the bitter close of a Brazilian bankruptcy
RIO DE JANEIRO (Reuters) – In mid-November, the former chief executive of Brazilian telecoms company Oi SA told the debt-laden company’s board that he was receiving ominous phone calls, according to two people present at the meeting.
UnitedHealth, Nike weigh on Dow
(Reuters) – The blue-chip Dow Jones index was lower in thin pre-holiday trading on Friday, pressured by losses in UnitedHealth and Nike.
Bitcoin plunges below $12,000, heads for worst week since 2013
NEW YORK/LONDON (Reuters) – Bitcoin plunged by a quarter to below $12,000 on Friday as investors dumped the cryptocurrency in manic trading after its blistering ascent to a peak close to $20,000 prompted warnings by experts of a bubble.
IAG among bidders chosen for Austrian airline Niki: sources
BERLIN (Reuters) – IAG , the owner of British Airways and low-cost carrier Vueling, is one of the four bidders selected for the final stages of talks over the assets of insolvent Austrian airline Niki, three people familiar said.
Republican tax plan to dent U.S. home sales next year
(Reuters) – U.S. home sales will likely take a hit next year as middle-class Americans receive fewer perks under an overhaul of U.S. taxes and face rising home prices and interest rates, industry experts said.
Ford CEO apologizes, voices zero tolerance for harassment
(Reuters) – Ford Motor Co chief executive Jim Hackett has apologized to employees for accusations detailed in a New York Times report that management at two Chicago plants did not respond adequately to complaints of sexual harassment.
