Exclusive: Sanofi to unveil challenge to Medivation’s board – sources
(Reuters) – France’s Sanofi SA is preparing to name candidates it will put forward to replace the entire board of U.S. cancer drug company Medivation Inc as early as Wednesday, according to people familiar with the matter.
Ford recalls about 271,000 F-150 pickup trucks
(Reuters) – Ford Motor Co said it was recalling about 271,000 F-150 pickup trucks in North America to replace their brake master cylinders.
Microsoft retreats in smartphone battle, 1,850 jobs to go
HELSINKI (Reuters) – Microsoft Corp announced more big cuts to its smartphone business on Wednesday, just two years after it bought handset maker Nokia in an ill-fated attempt to take on market leaders Apple and Samsung.
HP Enterprise to merge IT services unit with Computer Sciences
(Reuters) – Hewlett Packard Enterprise Co said it would spin off and merge its struggling IT services business with Computer Sciences Corp, allowing the company to focus on its cloud services business and other fast-growing units.
Bulgari to build hotel in Russia with Magnit minority shareholder
MOSCOW (Reuters) – Italian jeweler Bulgari has teamed up with Russian real estate investor Alexei Bogachev to build its first hotel in the country, it said on Wednesday, a day after opening its second Russian store.
Jeweler Tiffany posts steepest sales drop since financial crisis
(Reuters) – Tiffany & Co reported its steepest drop in quarterly sales since the peak of the global financial crisis, as a strong dollar discouraged tourists from buying its high-end jewelry and eroded revenue from markets outside the United States.
After six years’ austerity, Greeks feel no joy from new debt deal
ATHENS (Reuters) – While Greece’s government trumpeted a debt relief deal with other euro zone countries on Wednesday as the beginning of the end of its bruising six-year financial crisis, many Greeks remained unconvinced.
New Whole Foods chain 365 faces tough mission: Cut prices without being ‘cheap’
LOS ANGELES (Reuters) – Whole Foods Market Inc unveils its new 365 grocery chain on Wednesday with a bright and airy store that offers lower prices and more technology than the company’s namesake shops. To thrive, though, experts say 365 has to beat i…
BSI Singapore shutdown a wake-up call for private banks in Asia
HONG KONG/SINGAPORE (Reuters) – Singapore’s drastic move to shut Swiss bank BSI’s operations in the city-state over its dealings with scandal-hit Malaysian fund 1MDB is a wake-up call for wealth managers in Asia, which had been spared the large fines a…
Uniqlo’s Yanai says revamping U.S. operations a top priority
TOKYO (Reuters) – The head of Uniqlo operator Fast Retailing Co Ltd said revamping the Japanese company’s struggling U.S. operations was a top priority, and that it would focus on raising the casual clothing brand’s profile there.
