article Guess said on Tuesday its co-founder, Paul Marciano, had resigned as the company’s executive chairman after a special committee completed an investigation into allegations of improper conduct. Continue Reading Below Marciano gave up his day-to-day responsibilities at the company on an unpaid basis in February, days after model and actress […]
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Oil prices drop on prospect of rising supplies
article Oil prices fell on Wednesday, pulled down by rising supplies in the United States and expectations that voluntary output cuts led by producer cartel OPEC could be loosened. Continue Reading Below Brent crude futures, the international benchmark for oil prices, were at $75.65 per barrel at 0329 GMT, down […]
US consumer prices increase as expected in May
WASHINGTON, June 12 (Reuters) – U.S. consumer prices rose marginally in May amid a slowdown in the pace of increases in the cost of gasoline, pointing to moderate inflation pressures. Continue Reading Below The Labor Department said on Tuesday its Consumer Price Index increased 0.2 percent also as food prices […]
Oil edges up on cautious optimism over Trump, Kim summit
Oil prices edged up along with global markets on Tuesday on cautious optimism over the outcome of a summit between U.S. President Donald Trump and North Korean leader Kim Jong Un in Singapore. Continue Reading Below But movements in crude markets were limited as traders said they were reluctant to […]
Rolls-Royce, preparing to cut thousands of jobs, says engine problem has spread
LONDON (Reuters) – Britain’s Rolls-Royce said a costly compressor problem that had grounded Boeing planes had now been found in a different type of engine, compounding pressures on a group that is due to cut more than 4,000 jobs this week. Continue Reading Below Britain’s best known engineering company has […]
KKR to take Envision private in $5.57B deal
article (Reuters) – KKR & Co said on Monday it will take U.S. physician services provider Envision Healthcare Corp <EVHC.N> private in a deal valued at $5.57 billion, its latest acquisition in the healthcare sector. Continue Reading Below The private equity firm saw off competition from peers Carlyle Group, TPG Global and […]
Oil mixed as rising supplies balance strong demand
article Oil prices were mixed on Monday, caught between the downward pull of rising Russian production and U.S. oil drilling activity at its highest since 2015, and upward pressure from strong demand, especially in Asia. Continue Reading Below However, analysts expect surging U.S. output to start offsetting efforts led by […]
Disney animation executive Lasseter to leave company at year-end
article John Lasseter, Chief Creative Officer of Walt Disney and Pixar Animation Studios, speaks during the North American International Auto Show in Detroit, Michigan, U.S., January 8, 2017. Walt Disney Co animation head and co-founder of Pixar John Lasseter will be leaving Disney at the end of the year, the […]
US weekly jobless claims drop as labor market gains steam
WASHINGTON (Reuters) – The number of Americans filing for unemployment benefits unexpectedly fell last week, pointing to a further tightening in labor market conditions. Continue Reading Below The robust labor market and firming inflation have cemented expectations the Federal Reserve will raise interest rates next week. Many economists believe the […]
Pfizer pumps $600M into venture capital arm
article FILE PHOTO: The Pfizer logo is seen at their world headquarters in New York April 28, 2014. REUTERS/Andrew Kelly/File Photo (Reuters) (Reuters) – Pfizer Inc said on Wednesday it planned to invest $600 million in its venture capital fund, a quarter of which would be earmarked for promising research […]