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With six fewer days to buy everything on family and friends’ wish lists this year, shoppers don’t have a moment to spare to grab something on the fly, which could hurt retailers when they tally up the holiday season receipts. Forecasts are bullish for sales growth this year, but that extra item tossed in the basket would be a nice […]
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Coty Inc. announced Monday that it will take a 51% stake in Kylie Cosmetics, the blockbuster beauty brand from Kylie Jenner, for $600 million. The deal values Kylie Cosmetics at $1.2 billion. Together they will focus on global expansion of the brand, with Jenner and her team maintaining the lead on products and communications, including social media. Coty COTY, +2.94% […]
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The company, however, did not disclose the range or details of the proposed tariff hike. Debt-ridden telecom operator Vodafone Idea on Monday said it will raise mobile services rates from December 1 in the wake of ongoing financial stress. “To ensure that its customers continue to enjoy world class digital experiences, Vodafone Idea will suitably increase the prices of its […]
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DUBAI — U.S. air-safety regulators are considering ways to alter fundamentally how they certify aircraft in the wake of Boeing Co.’s BA, +1.15% 737 Max crisis, the head of the Federal Aviation Administration said in an interview Sunday. FAA Administrator Stephen Dickson has previously said he wants to adopt a more holistic approach to certification. In the interview, he provided […]
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While their equity component aids in generating capital appreciation, their debt portion facilitates steady income Equity indices are nearing their historic peaks with high valuation despite subdued macroeconomic indicators and stagnant corporate earnings. With large cap and midcap indices such as BSE Sensex, Nifty 50, BSE MidCap and NiftyMidcap trading at PE multiples of over 27, mutual fund investors may […]
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PG&E under ‘fire’ for recurring wildfires in California Consumer Watchdog president Jamie Court criticizes PG&E for its failure to update its equipment, which he says is a reason so many wildfires have sparked in California. NEW YORK (AP) — The wildfires that are rampant this time of year in California force small business owners to be prepared in the same […]
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TORONTO — Don Cherry, Canada’s most polarizing, flamboyant and opinionated hockey commentator, was fired Monday for calling immigrants “you people” in a television rant in which he said new immigrants are not honoring the country’s fallen soldiers. Rogers Sportsnet President Bart Yabsley announced the decision following discussions with the 85-year-old broadcaster. “It has been decided it is the right time […]
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Revenue declines 9%; yet to see domestic orders, says Pai Hindalco Industries reported a 33% fall in its second quarter consolidated net profit to ₹974 crore due to fall in aluminium prices. The fall in profit was reported on a 9% decline in revenue to ₹29,657 crore. Satish Pai, MD, Hindalco Industries, said, “Stronger operational efficiencies in upstream business and […]
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Shares of Premier Protein-branded snacks maker BellRing Brands Inc. BRBR, +3.59% surged 3.7% toward fresh highs in morning trading Monday, after a host of Wall Street analysts started coverage of the recent IPO will bullish ratings. Of the 8 analysts surveyed by FactSet, 7 set ratings at the equivalent of buy and 1 had a rating of the equivalent hold. […]
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SHENZHEN, China — For decades, Huawei’s founder stayed out of sight as it grew to become the biggest maker of network gear for phone carriers and passed Apple AAPL, +0.27% as the No. 2 smartphone brand. Now, Ren Zhengfei is shedding that anonymity as China’s first global tech brand mobilizes to fight back against U.S. sanctions and warnings Huawei Technologies […]
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