PARIS, Sept 1- LVMH has hired Ian Rogers, an Apple Inc iTunes senior director, to be its new head of digital, as part of the luxury group's drive to more fully embrace the Internet. It marks one of the most high profile hires from the digital industry as fashion, jewellery and cosmetics brands race to build up teams able to engage online customers. Previously, transfers...» Read More
The president of struggling electronics maker Sanyo Electric, Toshimasa Iue, will likely step down in April to take responsibility for poor earnings and accounting troubles, Japanese media reported on Tuesday, a week after Sanyo's chairwoman resigned.
Consumer products maker Kimberly-Clark said on Monday that first-quarter earnings should meet or slightly exceed its prior outlook, driven by growth in developing and emerging markets and higher sales of its baby and child-care products in North America
U.K. housebuilder Taylor Woodrow has agreed to buy rival George Wimpey for 2.5 billion pounds ($4.9 billion) to create a market leader in Britain and combine businesses in a tough U.S. housing market.
Office supplies maker Avery Dennison said on Thursday it would buy clothing label maker Paxar for $1.3 billion, in a bid to expand in the fragmented retail information and brand identification market. 1st paragraph of story should go here
Kraft Foods, the largest North American food maker, will join the Standard & Poor's 500 stock index after the close of trading on March 30.
Samsung Electronics expects LCD TV panel prices to fall further in the second half of the year and PC panel prices to stabilize before starting to climb, continuing current trends.
Altria Group said its shareholders will receive 0.692024 of a Kraft Foods share for each Altria share held as of the close of business on March 16 as it completes its spinoff of the largest North American food maker.
Electronic Arts, the world's biggest game publisher, said on Tuesday it would buy a stake in South Korea's Neowiz for about $105 million and jointly develop games for Asian markets.
But P&G shares. which had been trading at all-time highs, fell as organic sales fell short of expectations and third-quarter earnings were estimated to be a bit weaker than expected
Household products company Colgate-Palmolive said net income rose to $401 million, or 73 cents a share, from $361.2 million, or 65 cents a share, a year ago.
The maker of Huggies diapers and Kleenex tissue said it was optimistic about its sales and profit prospects for 2007 based on improvements it saw in the second half of 2006.
This morning’s University of Michigan Survey of Consumers showed consumer confidence is the highest it’s been in three years. No one denies that America is a nation of spenders, but not everyone knows that the personal savings rate in this country has been in the red for more than 20 months now – and the last time it was negative was during the Great Depression..
Which Dow component has been the best performer since the Dow peaked back in 2000? (Here's a hint, it's been strong despite tough tobacco laws and rising cigarette taxes) CNBC's Erin Burnett revealed the answer on today's "Street Signs."
Apparently, the urge to merge persists well into December. CNBC’s Bob O’Brien explained which companies are rumored to be takeover targets, today.
Nothing smells sweeter than success. And in the perfume business, celebrity branding has made dollars in "scents," generating $150 million in sales. CNBC's Jane Wells has a nose for what's hot.
With Wal-Mart approaching nearly a billion dollars in sales a day, its no surprise that many companies earn a significant portion of their annual revenues from supplying Wal-Mart stores. This unique relationship between retail giant and its top vendors is now tracked in a brand new index, offered by the International Securities Exchange and Revere Data. Can investors make money off this index? CNBC’s Sue Herera found out today on ‘Power Lunch.”
The arrival of cold weather and last minute shoppers have traditionally helped boost U.S. retail sales each December. But with the recent streak of unseasonably warm weather across parts of the nation, many apparel merchants are appearing to "sweat." On today’s "Power Lunch," CNBC’s Bill Griffeth asked whether shoppers will buy sweaters and coats; high ticket items that usually account for a large percentage of total December sales.
Our auto-industry reporter predicts China may enter the American market, Ford may seek a merger -- and Toyota will keep racking up sales.
Coca-Cola named Muhtar Kent its chief operating officer, making him the frontrunner to succeed Chief Executive Neville Isdell.
How hot is the leveraged buyout (LBO) craze? Credit Suisse just put out a report upgrading bookseller Barnes and Noble. Is business improving? The main reason for the upgrade is that the company is "one of the best-positioned LBO type candidates in our universe." They note the company has consistent cash flow and a cheap valuation.