Abercrombie & Fitch to offer larger sizes by spring
(Reuters) – Struggling teen apparel retailer Abercrombie & Fitch Co said it would expand sizes, colors and fits for all styles by the spring to attract to more customers.
BAE Systems cuts jobs and ends Portsmouth shipbuilding
LONDON (Reuters) – Defense contractor BAE Systems plans to lay off 1,775 ship workers across the UK as the biggest warships Britain has ever built near completion with no similar-sized orders on the horizon.
Exclusive: Telefonica likely to back Telecom Italia cash call, eyes TIM sale
MADRID/LONDON/MILAN (Reuters) – Spain’s Telefonica is set to agree on an overhaul of Telecom Italia finances, including a likely cash injection of up to 2 billion euros, as it tightens its grip on the group and eyes a sale of its Brazilian unit TIM in …
Ralph Lauren sees sales gains in holiday quarter, raises dividend
(Reuters) – Ralph Lauren Corp on Wednesday raised the low end of its full-year sales forecast on the expectation of strong gains during the holiday quarter, and the designer clothing company increased its dividend.
German prosecutors widen inquiry into Deutsche Bank
MUNICH (Reuters) – German prosecutors have widened an investigation of Deutsche Bank’s co-chief executive Juergen Fitschen to include the bank itself, deepening legal problems as it tries to transform its culture after the financial crisis.
Time Warner’s third-quarter profit rises on cable network strength
(Reuters) – Time Warner Inc on Wednesday posted higher third-quarter profit, beating Wall Street estimates on growth in advertising and subscription fees at its cable networks.
Exclusive: Turkey, Iraqi Kurdistan clinch major energy pipeline deals
ANKARA (Reuters) – Iraqi Kurdistan has finalized a comprehensive package of deals with Turkey to build multi-billion dollar oil and gas pipelines to ship the autonomous region’s rich hydrocarbon reserves to world markets, sources involved in talks said…
AirAsia co-founders to take more control of budget carrier to cut costs
KUALA LUMPUR (Reuters) – The co-founders of Malaysia’s AirAsia Bhd said on Wednesday they will take more control of running Asia’s largest budget carrier by passenger volume and push on with cutting costs that have been a drag on profit.
U.S. planned layoffs rise in October: Challenger
NEW YORK (Reuters) – The number of planned layoffs at U.S. firms rose 13.5 percent in October on cuts in the pharmaceutical and financial sectors, a report on Wednesday showed.
Commerzbank says management board to shrink to 7 members by 2014
FRANKFURT (Reuters) – Germany’s Commerzbank said Jochen Kloesges and Ulrich Sieber will leave by year end, shrinking the management board of the country’s second-largest lender down to seven from nine members.
