LVMH appoints Luxottica executive as Loro Piana CEO
MILAN (Reuters) – French luxury goods group LVMH has appointed Fabio d’Angelantonio as the next chief executive of high-end textile and clothing company Loro Piana, it said on Monday.
Boeing set to win $2.9 billion contract from UK MoD: The Telegraph
(Reuters) – Boeing Co is set to win a 2-billion-pound ($2.92 billion) contract from the UK Ministry of Defence (MoD) for new Apache helicopters, The Telegraph reported.
Petrobras CEO Bendine offers resignation; replacement passes test
RIO DE JANEIRO (Reuters) – Aldemir Bendine, chief executive officer of Brazil’s state-led oil company Petroleo Brasileiro SA , offered his resignation on Monday and is set to be replaced by Pedro Parente, a source with direct knowledge of the situation…
Former Zurich Insurance boss Martin Senn kills himself
ZURICH (Reuters) – Former Zurich Insurance boss Martin Senn has committed suicide six months after leaving the company under a cloud, a tragedy that comes less than three years after Zurich’s finance chief took his own life.
Airbus relies on current A320 model to meet delivery goal
HAMBURG (Reuters) – Airbus is sticking to 2016 delivery targets despite a slow start caused by supplier problems, but is having to fall back on an older version of its best-selling jet to make up for delays in the A320neo, executives said.
How Wellcome and Gates charities profit from helping biotech
LONDON (Reuters) – The Wellcome Trust medical charity is to profit from U.S. approval of a new diagnostic cancer test, the first commercial product funded by the organization since the sale of its pharmaceuticals business to Glaxo in 1995.
Dalian Wanda makes $4.4 billion offer to take Hong Kong-listed property arm private
HONG KONG (Reuters) – China’s Dalian Wanda Group is offering $4.4 billion in cash to buy out Hong Kong-listed unit Dalian Wanda Commercial Properties , part of a plan to take it private before relisting it in Shanghai where it hopes to gain better valu…
ConAgra Foods stock seen rising 30 percent: Barron’s
NEW YORK (Reuters) – ConAgra Foods’ stock could climb up to 30 percent in the coming months as the U.S. packaged food company seeks to shed businesses, improve existing brands and achieve lower overheads, Barron’s said in its latest online edition.
Bourbon maker Brown-Forman shares seen expensive
NEW YORK (Reuters) – Shares of Brown-Forman , which makes Jack Daniel’s and other liquors, are seen as pricey as the world’s top bourbon seller faces slowing growth in an increasingly crowded field, Barron’s said in its latest online edition.
Data analysis from Paris raid on Google will take months, possibly years: prosecutor
PARIS (Reuters) – Analysis of data seized by investigators in last week’s raid of Google’s Paris headquarters could possibly take years, French financial prosecutor Eliane Houlette said on Sunday.
