Exclusive: Toshiba auditor to split opinion on finances, governance – sources
TOKYO (Reuters) – The auditor for Toshiba Corp is likely to sign off on the conglomerate’s annual results while giving a thumbs down on the group’s corporate governance during a series of crises, people with direct knowledge of the discussions said o…
Ralph Lauren’s quarterly results beat on lower discounting
(Reuters) – Ralph Lauren Corp reported better-than-expected quarterly profit and sales as the luxury apparel maker kept a tight leash on discounting and inventory, sending its shares up 5 percent in premarket trading.
Exclusive: British banks’ turnaround plans frustrated by U.S. justice delays
LONDON (Reuters) – Legal and investigative delays at the U.S. Department of Justice are thwarting efforts by three of Britain’s biggest banks to rehabilitate themselves after the global financial crash and other problems, the banks’ chief executives ha…
Envision to sell ambulance business to KKR in $2.4 billion deal
(Reuters) – Envision Healthcare Corp said on Tuesday it would sell its ambulance business to buyout firm KKR & Co in an all-cash deal valued at $2.4 billion as it sharpens its focus on its core businesses.
Michael Kors lifts full-year revenue forecast, shares soar
(Reuters) – Michael Kors Holdings Ltd reported better-than-expected profit for the first quarter as it cut down on promotions and sold more premium handbags, and lifted its full-year revenue forecast, sending the company’s shares up as much as 22 perc…
Time Inc misses revenue estimates, unveils new cost cuts
(Reuters) – Magazine publisher Time Inc reported a lower-than-expected quarterly revenue on Tuesday and announced a fresh cost-cutting program.
Autonomous cars race narrows on doubts about clear path to profit
FRANKFURT/DETROIT (Reuters) – BMW and Daimler, the world’s top luxury carmakers, have announced alliances with suppliers, talking up the virtues of having a bigger pool of engineers to develop a self-driving car.
U.S. card firm Vantiv to announce Worldpay deal Wednesday: sources
LONDON (Reuters) – U.S. credit card payments processor Vantiv has finalised a deal to buy Britain’s Worldpay and the transaction is expected to be announced on Wednesday, sources with knowledge of the matter told Reuters.
Baker Hughes clinches integrated services contract for PNG gas field
LONDON (Reuters) – Baker Hughes, now part of General Electric , has won a major contract to provide a wide range of services to develop Papua New Guinea’s first offshore gas field which is sees as a new model to help producers adapt to a world of low …
Mazda announces breakthrough in long-coveted engine technology
TOKYO (Reuters) – Mazda Motor Corp said it would become the world’s first automaker to commercialize a petrol engine using technology that deep-pocketed rivals have been trying to engineer for decades, a twist in an industry that is increasingly going …
