Chanel has acquired its long-time lamb hide provider in the latest purchase by a luxury brand of a partner that supplies top quality materials.» Read More
A move by China's Ping An Bank to ban its regional branches from approving mortgages may signal that Beijing is set to tighten controls on the property market to calm prices.
JPMorgan Chase announced plans Tuesday to slash $1 billion in costs. The financial giant will also cut its staff by about 4,000 jobs this year, the company said.
When Armstrong's Oprah interview airs, an investment banker will most likely be watching, NYTimes reports.
U.S. markets in the last few weeks have conveyed a strong sense of optimism over Washington's budget battle - perhaps a bit too much.
London's financial sector suffered its worst November for hiring since before the financial crisis, with the number of new jobs created falling by a third year-on-year.
June 27- ConAgra Foods Inc reported a quarterly profit on Thursday, reversing a year-ago loss, helped by its acquisition of Ralcorp Holdings.
U.S. technology products retailer CDW Corp on Wednesday cut the size of its initial public offering (IPO), pricing the stock at the bottom end of an already lowered range, according to an underwriter.
DUBAI, June 27- Dubai's Emirates airline plans to lease new Airbus A380 superjumbo aircraft from a finance company that will issue $630 million of bond-type certificates to fund the purchase of the planes.
HONG KONG, June 27- The funding crunch prompted by China's central bank was meant to teach a lesson to the Chinese banks that continue to embrace risky lending tactics. A look at the funding and loan figures at mid-sized lender China Minsheng Banking Corp. helps explain why the People's Bank of China made its move.
HONG KONG, June 27- Hong Kong shares may start higher on Thursday, tracking Wall Street's strength on eased concerns that the U.S. *A takeover of holiday resorts group Club Med by French buyout house AXA Private Equity and China's Fosun International Ltd will be financed with around 240 million euros of bank loans, banking sources said on Wednesday.
CDW sells products from Apple Inc, Hewlett-Packard Co, IBM Corp and others through its catalog and website. U.S. industrial distribution company HD Supply, backed by Carlyle Group LP, Clayton, Dubilier& Rice LLC and Bain Capital LLC, raised $957.2 million, less than expected, in another IPO late on Wednesday.
The Atlanta, Georgia- based company, backed by Bain Capital, Carlyle Group and Clayton, Dubilier& Rice, priced 53.2 million shares at $18. HD Supply had originally hoped to price shares at a range of $22 to $25, although underwriters told investors earlier in the day it was offering shares at a range of $18 to $20, according to a person familiar with the matter.
$10 bln on $17 bln bailout loan. NEW YORK, June 26- A bankruptcy judge on Wednesday approved a settlement in which the U.S. government-owned Ally Financial Inc, formerly the finance arm of General Motors Co., will pay $2.1 billion to its bankrupt unit Residential Capital LLC.
It cut the number of shares in the IPO by 16 percent to 23.3 million and lowered the expected price to between $17 and $18 per share, from $20 to $23, according to a regulatory filing on Wednesday. CDW sells products from Apple Inc, Hewlett-Packard Co, IBM Corp and others through its catalog and its website.
Sees' 14 EPS $2.87- $2.90 vs Wall Street view of $2.93/ shr. June 26- General Mills Inc reported higher fourth quarter-earnings but gave a forecast for the new fiscal year that was below Wall Street estimates, citing higher costs for ingredients and a slow economic recovery.
June 26- Monsanto Co, the world's largest seed company, reported a higher-than-expected quarterly profit on Wednesday as sales remained on an upswing and pricing improved for the company's herbicide business. Monsanto said it was on track to achieve record volume sales of corn seed for the third consecutive year as it expands in Latin America.
Sees' 14 EPS $2.87- $2.90 vs Wall Street view of $2.93/ shr. June 26- General Mills Inc reported fourth-quarter earnings on Wednesday that met Wall Street expectations but it gave a forecast for the new fiscal year that was below them, as it sees higher costs for ingredients.
June 26- Monsanto Co said on Wednesday that its quarterly profit fell, but sales remained on an upswing, and the world's largest seed company affirmed an outlook of more than 20 percent growth in ongoing earnings for the year.
June 26- General Mills Inc reported fourth-quarter earnings on Wednesday that met Wall Street expectations but it gave a forecast for the new fiscal year that was below.
June 25- First Manhattan Company stepped up the pressure in its proxy fight with obesity drug maker Vivus Inc, saying it was in advanced discussions with potential chief executive candidates to replace the current CEO should it prevail in gaining control of the Vivus board.