Armani sales up 18% in Q1 as Asia rebounds, U.S. faces slowdown
MILAN (Reuters) -Italy’s Armani Group said on Thursday its sales jumped 18% in the first quarter thanks to a rebound…
Business
Key US Republican Hern says debt-ceiling deal ‘likely’ by tomorrow afternoon
WASHINGTON (Reuters) – U.S. Representative Kevin Hern, who leads the largest Republican caucus, said on Thursday that he believed a…
Ralph Lauren results top estimates as shoppers snap up Polos, pricey sweaters
By Deborah Mary Sophia (Reuters) -Ralph Lauren Corp beat profit estimates and reported a surprise rise in fourth-quarter revenue on…
Yandex receives bids for stakes in Russia-based businesses
(Reuters) -Nasdaq-listed Yandex on Thursday said it had received proposals from a number of investors for stakes in its Russia-based…
Blockchain.com CEO says US default would hit crypto initially
By Andrew Mills DOHA (Reuters) – A U.S. government default would trigger an initial pull-back from crypto currencies followed by…
Jana Partners pushes Freshpet on recent board changes -letter
By Svea Herbst-Bayliss NEW YORK (Reuters) – The activist investor pushing for board seats at Freshpet Inc wants the pet…
U.S. pending home sales unchanged in April
WASHINGTON (Reuters) – Contracts to buy U.S. previously owned homes were unchanged in April amid tight inventory, which could delay…
Cineworld eyes bankruptcy exit in July as most lenders back restructuring plan
(Reuters) -Cineworld expects to emerge from Chapter 11 bankruptcy protection in July, the British cinema chain operator said on Thursday,…
German economy entered recession as inflation hurt consumers
BERLIN (Reuters) – The German economy was in recession in early 2023 after household spending in Europe’s economic engine finally…
First Republic Bank paid some employees salaries of more than $10 million before collapse – Bloomberg News
(Reuters) – First Republic Bank was paying dozens of employees more than $10 million apiece annually in the heyday before…