L Brands Inc is planning a controlling stake sale in Victoria's Secret unit to Sycamore Partners, in a deal valuing $1.1B, as the group has shifted its focus to its main Bath & Body Works brand.
On Thursday, WeWork, the office-sharing start-up, named the ex-Ernst & Young executive, Shyam Gidumal, as the company's chief operating officer during the first major appointment of executives under the new CEO Sandeep Mathrani.
Finland's Nokia Qyj, the telecom networks maker, agreed to acquire Elenion Technologies, the privately-owned US tech company, to bolster optical networking business and widen its offering to the telecoms operators.
Thomson Reuters Corp is likely to appoint Steve Hasker, the former Nielsen Holdings president, as the news agency's next CEO, succeeding Jim Smith.
During Thursday's Asian and European trading hours, the US Dollar surged in value, reaching its highest level since May 2017.
Google is planning to move its UK users' accounts out of the EU privacy regulators' control to the US jurisdiction instead, sources stated.
Unipol, the Italian financial group, is set to acquire a couple of 300M euros worth bancassurance joint ventures in Intesa's proposed deal for Ubi Banca, Chief Executive Carlo Cimbri stated on Thursday.
Nokia Qyj, Finland's telecom networks make, announced it agreed to acquire the privately-owned US tech company Elenion Technologies to bolster the optical networking business and widen its offering to the telecoms operators.
Aeffe Spa, the Moschino and Alberta Ferretti owner, expected its Q1 results to be affected by the coronavirus outbreak in China, an executive told Reuters.
Fresenius Medical Care stated that quarterly adjusted operating profit grew 3% as rise in dialysis products and services was slightly offset by adjustments for accounts receivable.
Finnish telecom networks producer Nokia Oyj agreed to buy privately-held Elenion Technologies to extend optical networking business and increase offering to operators.
On Wednesday, Lyft revealed that it would resume renting electric bikes in New York City. The company had stopped the bike rental due to complaints and reports of injury.
It was announced on Wednesday, that Boeing is heading to court against the families of 737 MAX airplane crash victims.
On Wednesday, representatives of the European Commission revealed that new common rules could help Europe in catching up with Silicone Valley.
During late Wednesday's European trading hours, it was revealed by Bloomberg that China would inject funds into the financial markets. The announcement boosted stock indices.
During Wednesday's US trading session, US housing data was published. It was revealed that the issuing of construction permits had reached a 13-year high level.
On Wednesday, Nasdaq stock indices reached record high levels, as China announced additional measures to subsidize their economy.
Japan is expecting a fall in the number of tourists visiting the country due to the coronavirus outbreak but decided to stick to its initial target of 40M foreign visitors in 2020.
Adidas and Puma have warned on Wednesday the coronavirus outbreak had hit their Chinese business due to store shutdowns and fewer tourists who shop in other markets.
Citi and Deutsche Bank have launched negotiations with other banks over a sale of $9B in debt Dubai attracted to take full control over DP World and Dubai World's refinance borrowings, according to Reuters.
General Motors is set to lay off all1,5K plant workers in Thailand at the beginning of summer after the carmaker announced its production plant sales in the country.
On Wednesday, the Indian government approved a plan to make a deal with the US that would strengthen the protection of intellectual property in India.
Embracer, Sweden's video game group, is set to acquire Saber Interactive, the US game developer, in a deal worth up to $525M, Embracer reveled on Wednesday.
Uber Technologies announced on Wednesday it would shut its customer support office based in downtown Los Angeles, as the ride-hailing company seeks focusing on its larger locations.