Steinhoff says Christo Wiese steps down as chairman
BERLIN (Reuters) – South African retail group Steinhoff , which is fighting for survival following its disclosure of accounting irregularities, said tycoon and major shareholder Christo Wiese has stepped down as chairman.
Court reverses Dell buyout ruling that alarmed dealmakers
WILMINGTON, Del. (Reuters) – Delaware’s Supreme Court ruled on Thursday that a lower court erred in finding that the 2013 buyout of computer maker Dell Inc was vastly underpriced, a ruling that had allowed hedge funds to wring extra cash from the deal….
Pier 1 Imports slumps 30 percent; holiday optimism disappears
SAN FRANCISCO (Reuters) – Pier 1 Imports Inc’s stock lost nearly a third of its value on Thursday and its main competitors’ shares also fell after the furniture and home decorations retailer warned the holiday shopping season was not going well.
S&P, Dow flat as healthcare losses offset by tech, media gains
(Reuters) – The S&P 500 and the Dow were trading flat in early afternoon on Thursday as losses in healthcare stocks such as Johnson & Johnson were offset by gains in shares of technology and consumer discretionary companies.
Hackers halt plant operations in watershed cyber attack
(Reuters) – Hackers likely working for a nation-state recently invaded the safety system of a critical infrastructure facility in a watershed attack that halted plant operations, according to cyber investigators and the firm whose software was targeted…
Sulzberger Jr to retire as NYT publisher by end of December
(Reuters) – Arthur Sulzberger Jr. will retire as publisher of the New York Times by the end of December and will be replaced by his son A.G. Sulzberger, the New York Times Co said on Thursday.
Disney buying Fox film, TV units for $52 billion in digital push
(Reuters) – Walt Disney Co has struck a deal to buy film, television and international businesses from Rupert Murdoch’s Twenty-First Century Fox Inc for $52.4 billion in stock, giving the world’s largest entertainment company an arsenal of shows and …
Delaware court reverses controversial Dell buyout ruling
WILMINGTON, Del (Reuters) – Delaware’s Supreme Court ruled on Thursday that a lower court erred in its controversial finding last year that the 2013 buyout of computer maker Dell Inc was vastly underpriced.
Renault revives Alpine production with 6,000-car capacity
DIEPPE, France (Reuters) – Renault has invested in plant capacity to build up to 6,000 sports cars annually under the revived Alpine brand, the company said on Thursday, as it formally opened the new production line in Dieppe, northern France.
Exclusive: Luxottica, Essilor tie-up on track for unconditional EU okay – sources
BRUSSELS (Reuters) – Italian eyewear maker Luxottica and French lens manufacturer Essilor are set to win unconditional EU antitrust approval for their 48 billion-euro ($57 billion) merger, two people familiar with the matter said on Thursday.
