Whole Foods in board shake-up amid investor pressure: source
NEW YORK (Reuters) – More than half of the directors on Whole Foods Market Inc’s board will step down, a person familiar with the matter said on Wednesday, in a dramatic shake-up at the grocery chain as it grapples with a sagging stock price and frustr…
Adidas sells golf unit Taylormade to buyout group KPS
FRANKFURT (Reuters) – German sportswear maker Adidas is selling its golf equipment and clothing brands TaylorMade, Adams Golf and Ashworth to private equity firm KPS Capital Partners, taking a hit to its earnings.
Viacom’s shares drop on Deutsche Bank downgrade to ‘sell’
(Reuters) – Viacom Inc shares fell as much as 4.8 percent on Wednesday after Deutsche Bank downgraded the New York-based media company to “sell,” citing the expected loss of revenue from a large cable distributor.
Mnuchin to brief G7 on Trump tax, regulatory plans: official
WASHINGTON (Reuters) – Finance officials from the Group of Seven industrial economies this week will discuss U.S. President Donald Trump’s tax and regulatory reforms, efforts to combat terrorist financing and a brightening economic picture, a senior U….
Rosengren maps out hawkish Fed plan for U.S. rates, portfolio
(Reuters) – The Federal Reserve should hike interest rates three more times this year and at the same time start shedding its bond holdings, a Fed policymaker said on Wednesday, mapping out a somewhat hawkish option for the U.S. central bank.
Protectionism off the agenda but high in minds at G7 finance meeting
ROME (Reuters) – Europe, Japan and Canada hope a G7 meeting in Italy this week will give them a better picture of U.S. President Donald Trump’s direction on key policies that he has yet to spell out.
U.S. PPG says could walk away from bid for Dutch firm Akzo Nobel
AMSTERDAM (Reuters) – Paint maker PPG Industries said on Wednesday it could walk away from its pursuit of Dutch peer Akzo Nobel , which has rejected three takeover bids from the U.S. firm.
LVMH boosts digital profile with multiple brands website
PARIS (Reuters) – LVMH is launching a multi-brand e-commerce website inspired by its exclusive Parisian department store Le Bon Marche, as the world’s biggest luxury goods group steps up the digital side of its business.
BNY Mellon advances artificial intelligence tech across operations
NEW YORK (Reuters) – The Bank of New York Mellon Corp has developed and deployed automated computer programs, or more than 220 “bots”, across its businesses over the past 15 months seeking more efficiency and lower costs, as the adoption of artificial…
Snap’s first earnings to shed light on battle with Facebook, Twitter
NEW YORK (Reuters) – Snap Inc has many similarities with archrivals Facebook Inc and Twitter Inc , but shareholders are eager to avoid one in particular when the social media company reports earnings on Wednesday for the first time since its initial …
