US economy in ‘uncharted waters’ as inflation falls with low unemployment -study
By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve officials are in “uncharted waters” with no clear historical guide as they…
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Major deals in global luxury market in the past decade
(Reuters) -Coach parent Tapestry said on Thursday it will buy Michael Kors owner Capri Holdings in a deal valued at…
Alibaba’s quarterly revenue beats despite China’s sputtering economy
By Casey Hall and Yuvraj Malik (Reuters) -China’s Alibaba Group Holding reported its strongest quarterly revenue growth in almost two…
Biotech firm Amyris files for bankruptcy in US
(Reuters) – Biotech firm Amyris Inc on Wednesday said it has filed for Chapter 11 bankruptcy in a U.S. court…
Disney CEO reaches out to striking Hollywood creatives with ‘deep respect’
By Danielle Broadway and Dawn Chmielewski LOS ANGELES (Reuters) – Walt Disney Chief Executive Bob Iger on Wednesday said he…
100-day strike: Hollywood writers show unity and anger on picket lines
By Dawn Chmielewski and Danielle Broadway LOS ANGELES (Reuters) -The Hollywood writers’ strike marked 100 days on Wednesday with contract…
Intermedia’s owner explores sale of communications services firm -sources
By Milana Vinn (Reuters) – The private equity owner of Intermedia Cloud Communications is exploring options including a sale that…
Ralph Lauren sees muted Q2 sales as US market loses steam
By Deborah Mary Sophia (Reuters) -Ralph Lauren on Thursday forecast current-quarter sales largely below Wall Street expectations, as demand for…
FTC queries on Kroger’s Albertsons deal focus on small grocers
By Diane Bartz WASHINGTON (Reuters) – U.S. antitrust enforcers reviewing Kroger’s plan to buy rival grocery giant Albertsons are probing…
Egypt’s headline inflation surges to new record of 36.5%
CAIRO (Reuters) -Egypt’s annual headline inflation rose to a new all-time high of 36.5% in July, in line with analysts’…