By Mimosa Spencer PARIS (Reuters) – Gucci owner Kering said on Monday it had struck a deal to buy high-end French fragrance label Creed, its first acquisition since flagging intentions earlier this year to create an in-house cosmetics business. “The acquisition clearly marks a major step for Kering Beaute, allowing it to reach critical mass…
(Reuters) -PacWest Bancorp unveiled a deal on Monday to sell a $3.54 billion lender finance portfolio to asset manager Ares Management, its latest move to strengthen its balance sheet after it was rocked by the U.S. regional banking crisis. The deal, which helped drive up PacWest shares by more than 6%, came after it said…
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar rose against the rouble on Monday, although it had pulled back from the 15-month high hit earlier in the session, while the Japanese yen gained modestly against the greenback following comments from the country’s top currency diplomat. After last being seen on Saturday night, the leader…
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar rose against the rouble on Monday, although it had pulled back from the 15-month high hit earlier in the session, while the Japanese yen gained modestly against the greenback following comments from the country’s top currency diplomat. After last being seen on Saturday night, the leader…
(Reuters) -Odey Asset Management has suspended its flagship hedge fund after it was hit with redemption requests following the removal of founder Crispin Odey, Bloomberg News reported on Monday. The company received withdrawal requests that amounted to over 19% of the Odey European Inc hedge fund for its next dealing day on July 3, the…
By Andrew Chung (Reuters) -The U.S. Supreme Court on Monday dismissed a Republican bid to defend a Louisiana electoral map that was challenged as discriminatory in a case that could lead to the creation of a second majority-Black congressional district in the state. The justices dismissed the appeal by Louisiana Secretary of State Kyle Ardoin…
By David Shepardson WASHINGTON (Reuters) -Honda Motor is recalling 1.3 million vehicles worldwide due to a potential issue with the rearview camera image, the U.S. National Highway Traffic Safety Administration (NHTSA) said on Friday. The recall covers some 2018-2023 Odyssey, 2019-2022 Pilot, and 2019-2023 Passport vehicles. Due to a faulty communication coaxial cable connector, the…
(Reuters) -Aston Martin Lagonda has forecast it would hit targets of 500 million pounds ($635.85 million) in adjusted profit and 2 billon pounds in revenue by 2024-2025, the Financial Times reported on Monday. The luxury carmaker, which had the capacity to sell 10,000-15,000 models a year, will likely sell “maybe 17 (thousand) at its peak…
By David Shepardson WASHINGTON (Reuters) – A group of bipartisan U.S. lawmakers said on Monday they are making a new push to expand government authority to detect and destroy drones that could pose security threats. Representatives Chrissy Houlahan, Mike Gallagher, Troy Carter and Mike Johnson introduced legislation that would allow state and local law enforcement…
(This June 23 story has been corrected to change Turley’s affiliation to George Washington University from Georgetown University in paragraph 5) By David Morgan WASHINGTON (Reuters) – Two of Donald Trump’s staunchest allies in the U.S. Congress have introduced legislation aimed at expunging the former president’s two impeachments, a legislative maneuver without precedent in U.S….
