By Jonathan Stempel NEW YORK (Reuters) – Valentino SpA said on Monday it has settled litigation with the landlord of its former American flagship on Manhattan’s Fifth Avenue, which the Italian fashion company abandoned because of the COVID-19 pandemic. In a statement, Valentino said its amicable settlement with the landlord 693 Fifth Owner LLC calls…
NEW YORK (AP) — Jamie Dimon laid out a laundry list of big risks looming for the global and U.S. economy in his letter to JPMorgan Chase shareholders on Monday, Dimon’s annual letter has become something of a tradition for JPMorgan investors as well as the public. Never too shy to share his thoughts on…
(Reuters) – Air Lease Corp confirmed its order for 32 Boeing 737 MAX jets on Monday, as it seeks to meet increasing demand for the narrow-body jets from airlines eager to tap into the rebound in air travel. The aircraft lessor, which had signed a memorandum of understanding to purchase new MAX jets in February,…
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Some well-timed trades in the options on Twitter Inc, in the days before Tesla Inc’s top boss Elon Musk revealed a large stake in the social media company, are raising eyebrows among options analysts. On Monday, Musk revealed a 9.2% stake in Twitter, making him the biggest…
BERLIN (AP) — Germany on Monday put a government agency in charge of a longtime German subsidiary of Russia’s state-owned energy giant Gazprom after an opaque move last week by the parent company to cut ties with the unit. Economy Minister Robert Habeck said Germany’s network regulator has been appointed as Gazprom Germania’s trustee until…
By Luc Cohen NEW YORK (Reuters) -Closing arguments began on Monday in the U.S. trial of a former Goldman Sachs banker accused of helping loot Malaysia’s 1MDB development fund, with a U.S. prosecutor urging jurors not to discount testimony from the government’s star witness because he was seeking leniency. Roger Ng, Goldman’s former top investment…
Shocking pictures from the Ukrainian town of Bucha and accusations of Russian war crimes are building pressure for more sanctions against Moscow. A key potential target: Russian oil and natural gas, and the $850 million that European importers pay for those supplies every day. But it’s not so easy, given Europe’s dependence on Russian energy….
By Julie Gordon OTTAWA (Reuters) – A record number of Canadian businesses are facing capacity pressures amid intense labor shortages and ongoing supply chain difficulties, with many expecting significant wage and input price growth, a regular Bank of Canada survey said on Monday. The central bank’s Business Outlook Survey Indicator dipped in the first quarter…
By Elizabeth Dilts Marshall and Matt Scuffham NEW YORK (Reuters) -JPMorgan could lose about $1 billion on its Russia exposure, Chief Executive Jamie Dimon said on Monday, detailing the extent of the bank’s potential losses from the conflict in Ukraine for the first time. In his keenly watched annual letter to shareholders, the chairman and…
By Svea Herbst-Bayliss BOSTON (Reuters) – Hasbro Inc on Monday added two directors to its board and said it will keep its Wizards of the Coast unit, rejecting calls from an activist investor to spin off the profitable unit and refresh the toy maker’s board with its director nominees. Elizabeth Hamren and Blake Jorgensen, executives…
