By Mimosa Spencer PARIS (Reuters) -Frederic Arnault, one of LVMH Chairman and CEO Bernard Arnault's five children and heirs, has been promoted to the role of Chief Executive of LVMH Watches, overseeing the TAG Heuer, Hublot and Zenith brands, the luxury…
By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil Corp warned on Thursday it would write down about $2.5 billion of California assets in the fourth quarter, and said lower energy prices reduced operating profits. The snapshot by the largest U.S. oil…
By Jacob Gronholt-Pedersen COPENHAGEN (Reuters) -Maersk is diverting all container vessels from Red Sea routes around Africa's Cape of Good Hope for the foreseeable future, warning customers to prepare for significant disruption, while Hapag Lloyd tallied a big increase in…
By Samrhitha A and Jaspreet Singh (Reuters) -ESPN and the National Collegiate Athletic Association (NCAA) have agreed to a $920 million, eight-year extension to their media rights deal that covers 40 championships including international rights to the "March Madness" college…
By Krystal Hu and Pritam Biswas (Reuters) -Search startup Perplexity AI has raised $73.6 million from a group of investors including Nvidia and Amazon founder Jeff Bezos, the latest example of investors hunting for AI startups that challenge incumbents. The…
(Reuters) -Apple continued its struggle in the new year on Thursday, plumbing an eight-week low after Piper Sandler handed the tech giant its second downgrade this week on worries about iPhone demand. The rating action knocked Apple shares down 1.4%…
By Bhanvi Satija and Mariam Sunny (Reuters) -Walgreens Boots Alliance on Thursday nearly halved its dividend payout as it attempts to conserve cash amid low consumer spending and intense competition, sending the U.S. pharmacy chain's shares down 11%. The stock…
By Brendan O'Boyle MEXICO CITY (Reuters) -Most members of the Bank of Mexico's governing board called for caution as the central bank of Latin America's No. 2 economy eyes possible rate cuts in the new year, minutes from its last…
(Reuters) -Ford Motor on Thursday posted its best annual auto sales in the United States since 2020, fueled by sustained demand for the automaker's crossover SUVs and pickup trucks, a day after many of its peers reported double-digit gains in…
By Francesca Landini MILAN (Reuters) -Enel finalised the sale of a renewable asset portfolio in the United States to Ormat Technologies for $271 million, Italy's biggest utility said on Thursday. The deal, announced last year, is part of the group's…
