Chanel snaps up four companies to secure high-end silk supplies
PARIS (Reuters) – French luxury goods maker Chanel has created a silks production unit by investing in high-end specialists, it said on Friday after completing the third deal in four months aimed at strengthening its supply chain.
Exclusive: Emerson Electric in bid for Pentair’s valves business – sources
(Reuters) – U.S. factory automation equipment maker Emerson Electric Co has made an offer to acquire pump manufacturer Pentair Plc’s troubled valves and controls division, according to people familiar with the matter.
GE reports weak demand for oil, transport equipment; profit beats
NEW YORK (Reuters) – General Electric Co on Friday reported weak demand for new oil, gas and transportation equipment, raising concerns about its full-year performance and sending its shares down as much as 2.8 percent.
IMF’s Lagarde to stand trial in Tapie case
PARIS (Reuters) – France’s highest appeals court ruled on Friday that International Monetary Fund chief Christine Lagarde must stand trial for her role in a 400 million euros ($440 million) state payout in 2008 to businessman Bernard Tapie.
Wal-Mart beats shareholder appeal in Mexico bribery lawsuit
(Reuters) – Wal-Mart Stores Inc executives and directors persuaded a federal appeals court on Friday to reject shareholder claims that they permitted and then covered up pervasive bribery by officials at the world’s largest retailer’s Mexico unit.
American Air defers aircraft delivery, profit beats estimates
(Reuters) – American Airlines Group Inc reported a better-than-expected quarterly profit as fuel costs fell and the world’s largest airline said it would defer taking delivery of 22 Airbus planes to be able to adjust capacity according to demand.
Britain’s economy wilting fast after Brexit vote, may prompt more spending
LONDON (Reuters) – Britain’s economy is shrinking, the broadest survey of business confidence since last month’s historic vote to quit the European Union showed on Friday, leading finance minister Philip Hammond to pledge a loosening of purse strings i…
Fox News chief Ailes resigns after sexual harassment claims
NEW YORK/LOS ANGELES (Reuters) – Roger Ailes on Thursday resigned as chairman and chief executive of Fox News Channel following allegations of sexual harassment, an abrupt end to his 20-year rein over America’s most lucrative and powerful cable news ch…
GM, Isuzu to end pick-up truck development partnership
BEIJING/TOKYO (Reuters) – General Motors Co and Isuzu Motor Co have agreed to cease collaboration on the development of midsize pick-up trucks made in Asia, ending a joint product development relationship that dates back to the mid-2000s.
Syngenta sees ChemChina deal done this year, first-half profit disappoints
(Reuters) – Syngenta, the world’s largest pesticides maker being taken over by state-owned ChemChina, still expects the deal to close this year despite concerns that U.S. regulators could throw a spanner in the works, it said on Friday.
