Dior struggles to find the right fit in its search for a designer
PARIS (Reuters) – Christian Dior , one of the world’s biggest and most famous fashion brands, is struggling to find a creative director more than six months after the abrupt departure of Raf Simons.
Global stocks head for worst week since mid-February
LONDON (Reuters) – Stock markets in Europe and Asia struggled on Friday, with only monthly U.S. non-farm payrolls numbers standing in the way of shares globally racking up their biggest weekly fall since mid-February.
Pakistan woos Renault-Nissan in push for auto investment
ISLAMABAD (Reuters) – Pakistan is wooing foreign car makers like Renault-Nissan with generous import duties, but convincing them to set up factories will be an uphill challenge given fears about the country’s long-term political stability and security….
Toshiba nominates new CEO in bid to put accounting scandal behind it
TOKYO (Reuters) – Japan’s Toshiba Corp said it had nominated Satoshi Tsunakawa, a former head of its medical equipment division, to be its next chief executive officer – a move that it hopes will draw a line under a damaging accounting scandal.
Americas, Asia do what OPEC wouldn’t: cut oil production
HOUSTON/SINGAPORE (Reuters) – Wildfires in Canada. Instability in Venezuela. Stalling U.S. frackers. Drops in oil output are happening so fast that it looks as if the Americas alone could resolve global oversupply.
Facebook loses first round in suit over storing biometric data
(Reuters) – Facebook Inc lost the first round in a court fight against some of its users who sued the social networking company, alleging it “unlawfully” collected and stored users’ biometric data derived from their faces in photographs.
Bombardier pushes for airline talks, China breakthrough after Delta deal
MONTREAL/SINGAPORE (Reuters) – Boosted by a pivotal CSeries deal with Delta Air Lines , Canada’s Bombardier Inc is rekindling sales talks with several U.S. and European carriers, even as it eyes China, the world’s fastest-growing aviation nation.
News Corp’s quarterly revenue falls 7.3 percent, posts loss
(Reuters) – News Corp , owner of the Wall Street Journal and book publisher HarperCollins, reported its fifth drop in quarterly revenue in a row as print ad sales declined and a strong dollar hit income from outside the United States.
Brazil judge approves Samarco dam burst settlement with government
RIO DE JANEIRO (Reuters) – A Brazilian judge on Thursday ratified the settlement Samarco and its owners, BHP Billiton and Vale SA , signed with Brazil’s government in March to cover damages for a deadly dam spill last year, Vale said in a statement.
China’s AMAC disciplines CITIC-linked asset manager for illegal fund pooling
SHANGHAI (Reuters) – China’s funds regulator said it would discipline a CITIC-linked asset manager for operating a prohibited fund-pooling investment scheme.
