Office Depot CEO Roland Smith to retire
(Reuters) – Office Depot Inc said on Monday Chief Executive Roland Smith would retire, three months after the second-largest U.S. office supplies retailer and bigger rival Staples Inc abandoned their planned merger.
Eyed by Panasonic, Slovenia’s Gorenje returns to profit
LJUBLJANA (Reuters) – Slovenian household appliances maker Gorenje , a possible takeover target for its Japanese investor Panasonic , returned to profit in the first six months of 2016, the company said on Monday.
RBS to relive unpleasant memories as investor lawsuit looms
LONDON (Reuters) – At an English country mansion last month, lawyers for Royal Bank of Scotland (RBS) sat down with representatives of angry shareholders to broker an end to what may end up being the costliest case in British legal history.The meeting …
World’s largest indoor theme park to open in Dubai
DUBAI (Reuters) – The world’s largest indoor theme park is set to open in Dubai this month to lure back some of the tourists and residents who often flee abroad during the scorching desert summer.
Rio’s 29th sport: building the perfect corporate ‘dream house’
RIO DE JANEIRO (Reuters) – As the athletes strived for gold, the world’s biggest companies engaged in their own sport during the Rio Olympics – outglamming each other with spectacular hospitality houses.
Canada’s Couche-Tard to buy Texas-based CST Brands in $4.4 billion deal
(Reuters) – Canadian convenience store operator Alimentation Couche-Tard Inc said on Monday it would buy U.S. convenience store chain CST Brands Inc in a deal valued at about $4.4 billion, boosting its presence in southeast United States.
VW says six German plants hit by supplier dispute
FRANKFURT/BERLIN (Reuters) – Volkswagen said it faced production delays at more than half its German plants because of a row with two suppliers that analysts estimate may cost the carmaker tens of millions of euros.
Government ‘to do its best’ to privatise Rosneft in 2016: Russian Economy Minister
SHCHETINKA, Russia (Reuters) – Russia’s government should do its best to privatise a stake in the nation’s largest oil producer Rosneft this year, Russian Economy Minister Alexei Ulyukayev said on Monday.
World stocks edge lower as investors await Fed hike signal
LONDON (Reuters) – World stocks edged lower and the dollar strengthened on Monday on expectations the Federal Reserve will give a signal this week that it is gearing up to raise U.S. interest rates.
Valeant hires Zoetis’s Paul Herendeen as CFO
(Reuters) – Valeant Pharmaceuticals International Inc named Zoetis Inc executive Paul Herendeen as its chief financial officer, replacing Robert Rosiello, the latest in a series of management changes at the Canadian drugmaker.
