Lululemon founder’s family bets on casual luxury with new retail venture
TORONTO/VANCOUVER (Reuters) – Sewing machines hum inside a spacious clothing boutique where the wife and son of Lululemon Athletica Inc’s founder hope to capture the retail magic that turned the yogawear maker into a stock market darling.
Desmarest quits Sanofi board to focus on Total role
PARIS (Reuters) – Sanofi said on Tuesday that Thierry Desmarest had resigned from the board of the French drugmaker to focus on his role as chairman of oil group Total following the sudden death of Christophe de Margerie.
Cold war takes hold in Sanofi boardroom
PARIS (Reuters) – The boss of drugmaker Sanofi Chris Viehbacher could not say on Tuesday if he had the support of his board and confirmed to Reuters that his chairman declined to clarify his future during a meeting the previous day.
Capital spending softens, but consumer confidence rises
WASHINGTON (Reuters) – Demand for U.S.-made capital goods recorded its biggest drop in eight months in September, a cautionary note for an economy that otherwise seems to be moving forward at a steady clip.
Time Warner’s HBO to cut 7 percent of staff
(Reuters) – Time Warner Inc’s pay TV network HBO is preparing to cut 7 percent of its staff in the United States or about 150 jobs.
Consumer confidence jumps in October
NEW YORK (Reuters) – U.S. consumer confidence rose in October to its highest level since October 2007 as views on the job market improved, according to a private sector report released on Tuesday.
Deutsche Bank to replace CFO Krause with Goldman’s Schenck: report
FRANKFURT (Reuters) – Deutsche Bank will name Marcus Schenck, former finance chief at energy firm E.ON and now investment banker at Goldman Sachs, as chief financial officer, replacing Stefan Krause, according to a report in the online edition of Manag…
Apple CEO fires back as retailers block Pay
LAGUNA BEACH Calif. (Reuters) – Apple Inc CEO Tim Cook fired back at CVS and Rite Aid on Monday after the drugstore chains blocked the iPhone maker’s mobile payments service, saying there were plenty of other retailers around the world to sign up.
Twitter’s efforts to engage users yet to fully pay off
(Reuters) – Twitter Inc’s efforts to improve user engagement and growth rates are taking longer than expected to gain traction, prompting a wave of rating and price target cuts on the stock.
Pfizer beats sales and profit forecasts, mum on future deals
(Reuters) – Pfizer Inc reported stronger-than-expected quarterly results, helped by growing sales of its cancer drugs and demand for its medicines in emerging markets, but did not signal any acquisition plans following its recent failed efforts to buy …
