Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Kudlow also said that he still expected Chinese negotiators to meet with Trump administration officials in Washington in September to continue trade talks.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
Investors are rushing to get a piece of its privately held rival Impossible Foods before it goes public, according to the Wall Street Journal.Food & Beverageread more
Weisler has been CEO at the company since 2015 when it split from HPE.Technologyread more
Apple CEO Tim Cook has found the "recipe" for a positive relationship with the president, management expert Jeffrey Sonnenfeld told CNBC on Thursday.Politicsread more
PARIS, July 31 (Reuters) - EssilorLuxottica said it would buy a 76.72% stake in Dutch optical retailer GrandVision, and the company also posted stronger second-quarter results and confirmed its 2019 targets on Wednesday.
The eyewear company, formed last year after the merger of French lenses specialist Essilor and Italian spectacles maker Luxottica, said it would acquire HAL's interest in GrandVision at a cash purchase price equal to 28 euros per share.
Shares in GrandVision closed at 25.36 euros on Tuesday.
The transaction received support by GrandVision's management and supervisory boards, EssilorLuxottica said, adding it would launch a public offer for all outstanding GrandVision shares after completing the deal.
($1 = 0.8965 euros) (Reporting by Matthias Blamont; Editing by Sudip Kar-Gupta)