Tiffany says CEO Frederic Cumenal steps down
(Reuters) – Tiffany & Co on Sunday said Frederic Cumenal has stepped down as chief executive officer, after what the upscale jeweler called disappointing financial results.
Generali to hold meeting on Monday on Intesa stake: source
MILAN (Reuters) – Italy’s top insurer Generali will hold a meeting on Monday to discuss the 3 percent stake it bought in Intesa Sanpaolo in January to fend off unwanted interest from the bank, a person familiar with the matter said on Sunday.
First big German customer sues Volkswagen in diesel affair
HAMBURG, Germany (Reuters) – Fish distributor Deutsche See is suing Volkswagen for misrepresenting a fleet of vehicles it leased as environmentally friendly, becoming the first major German customer to sue Europe’s biggest carmaker over its diesel-tes…
U.S. refiners face weakening demand at pump for first time in 5 years
NEW YORK (Reuters) – U.S. refiners are facing the prospects of weakening gasoline demand for the first time in five years, stoking fears that earnings this year may be even worse than the dismal performances seen in 2016.
Barclays to overhaul back office operations to cope with ring-fencing
LONDON (Reuters) – Barclays Plc is about to overhaul its back office operations under a restructuring to help it comply with new post-crisis rules forcing British banks to ring-fence their retail operations from their riskier business.
Google, unlike Microsoft, must turn over foreign emails: U.S. judge
(Reuters) – A U.S. judge has ordered Google to comply with search warrants seeking customer emails stored outside the United States, diverging from a federal appeals court that reached the opposite conclusion in a similar case involving Microsoft Corp …
Wall St. Week Ahead: Dollar’s sudden weakness could help U.S. profit picture
NEW YORK (Reuters) – Stock investors could have at least one less worry in the next earnings period: the suddenly limp U.S. dollar.
Alibaba Group expands presence in Australia, New Zealand
SYDNEY (Reuters) – Chinese online retailer Alibaba Group opened its Australian and New Zealand headquarters in Melbourne on Saturday, its first expansion in the region as it seeks to tap growing global demand for products from the two countries.
Takata taps KSS as final bidder for restructuring deal: sources
TOKYO/DETROIT (Reuters) – Takata Corp has selected Chinese-owned Key Safety Systems (KSS), a U.S.-based auto parts supplier, as the final bidder to extend financial support for the Japanese airbag maker, three sources with knowledge of the process hav…
Lockheed, Pentagon announce $8.5 billion F-35 order
WASHINGTON (Reuters) – The Department of Defense and Lockheed Martin Corp announced on Friday an agreement worth about $8.5 billion for 90 F-35 jets, the lowest price to date for the Pentagon’s most expensive program.
