TAG Heuer pushing brand in China: CEO
MONTREAL (Reuters) – The head of luxury group LVMH’s Swiss watchmaking business said on Saturday the company is pushing its TAG Heuer brand in the Chinese market, as rivals scale back their investments due to weaker demand.
Anonymous bidder pays $3.46 million for Warren Buffett lunch
(Reuters) – An anonymous bidder agreed at auction to pay $3,456,789 to eat lunch with Warren Buffett, tying the record for the right to dine with one of the world’s most admired investors.
Walmart Canada to stop accepting Visa, says fees too high
TORONTO (Reuters) – Walmart Canada stores will stop accepting Visa Inc cards because the credit card provider charges merchants “unacceptably high” fees, the retailer said on Saturday.
Venezuela PDVSA near deals to boost Schlumberger presence: executive
CARACAS (Reuters) – Venezuela’s state oil company, PDVSA, is close to reaching deals to boost Schlumberger’s presence after the oilfield services provider said in April it would reduce operations because of payment problems, PDVSA’s president told Reut…
Businessman sues RBS for $184 million over alleged conspiracy
LONDON (Reuters) – The former CEO of a software company is suing RBS for allegedly conspiring to push the business into administration to benefit from its sale, court filings show, in the latest case to allege misconduct by the bank’s restructuring di…
Seoul prosecutors raid Lotte Group, casting new doubt over hotel unit IPO
SEOUL (Reuters) – South Korean prosecutors raided the offices of Lotte Group, the country’s fifth-largest conglomerate, and several affiliates on Friday, dealing a further blow to its hotel unit’s planned IPO, billed as the world’s biggest this year.
Tesla to clarify how customers may disclose problems
WASHINGTON (Reuters) – Tesla Motors Inc on Friday revised a nondisclosure clause in its customer repair agreements after a U.S. regulator took issue with the practice, while the electric carmaker’s chief executive separately called most customer report…
Gawker Media files for bankruptcy, to go up for sale
NEW YORK/ST. PETERSBURG, Fla. (Reuters) – Gawker Media LLC, an online publishing pioneer, filed for Chapter 11 bankruptcy and put itself up for sale on Friday after a $140 million court judgment against it in a lawsuit brought by former professional wr…
Wal-Mart wage hike to $15 an hour would cost it $4.95 billion: study
CHICAGO (Reuters) – Wal-Mart Stores Inc would have to spend an additional $4.95 billion if it were to raise the minimum wage for its hourly employees in the United States to $15 per hour from the current $10 per hour, according to an estimate by the U…
Global stocks slide on Brexit fears as investors seek safety
NEW YORK (Reuters) – Investors swapped equities for less risky assets such as U.S. Treasuries and the yen on Friday on fears about the impact of Britain’s June 23 referendum on whether it should leave the European Union.
