PARIS/NEW YORK (Reuters) - French luxury goods group LVMH (PA:LVMH) on Thursday named two top Louis Vuitton executives as new managers of Tiffany and overhauled the design team in its first shake-up of the U.S. jeweller following a $15.8 billion acquisition. The official closing of the deal comes after a bitter legal dispute, with...
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By Nick Carey LONDON (Reuters) - Daimler AG (DE:DAIGn)'s on Thursday unveiled a new "Hyperscreen" display that will cover almost the entire dashboard of its luxury Mercedes-Benz models, in a bid to outdo Tesla Inc's large touchscreen infotainment system that has been a hallmark of the electric carmaker's success. In a video presentation, Daimler Chief Executive Ola Kallenius said the...
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By Geoffrey Smith Investing.com -- Wall Street opened at fresh record highs after Congress's delayed certification of the presidential elections results was followed by a statement from Donald Trump agreeing to an orderly transition of power. The developments settled nerves after a mob of armed and violent Trump supporters stormed the government building on Capitol Hill on Wednesday attempting to overturn the election...
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By Geoffrey Smith Investing.com -- Congress confirms Joe Biden as president-elect; Donald Trump backs down on leaving the White House after his supporters trashed the Capitol. Weekly jobless claims and monthly trade balance data are due; Alibaba and Tencent (HK:0700) head for the U.S.’s naughty list, and oil consolidates above $50. Here’s what you need to know in financial markets...
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(Bloomberg) -- Goldman Sachs Group Inc (NYSE:GS). economists raised their growth forecasts for the U.S. this year after Democrats secured control of the Senate. In a report to clients late Wednesday, the economists led by Jan Hatzius predicted the economy would expand 6.4% this year, faster than the 5.9% they previously expected. The upgrade was driven by the anticipation...
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DUBLIN (Reuters) - Ryanair plans to begin deploying its Boeing (NYSE:BA) 737 MAX aircraft in the United Kingdom following its first deliveries in the coming months, CEO Eddie Wilson said on Thursday. The airline has said it expects to receive around 30 of the MAX aircraft, which were ungrounded in the United States late...
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(Bloomberg) -- Long-term bear RBC Capital Markets upgraded its recommendation on Tesla Inc. (NASDAQ:TSLA), admitting it had misjudged the electric-vehicle maker. “There is no graceful way to put this other than to say we got TSLA’s stock completely wrong,” analyst Joseph Spak wrote in a report lifting Tesla to sector perform. The broker had maintained a sell-equivalent underperform rating since January 2019, according...
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By Robin Emmott BRUSSELS (Reuters) - EU chair Portugal said on Thursday it would try to conclude a free-trade treaty between the European Union and the South American bloc Mercosur that was agreed in 2019 after two decades of talks but has still not been finalised. Portuguese Foreign Minister Augusto Santos Silva said his country, which assumed the EU's six-month rotating presidency...
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STOCKHOLM (Reuters) - Huawei has appealed a court decision which allowed Swedish telecoms regulator PTS to resume 5G spectrum auctions, while planning to exclude the Chinese telecom equipment maker from the country's 5G networks. A Swedish court on Dec. 16 backed an appeal by PTS against a ruling to stop the auctions, but also said Huawei could pursue a legal challenge over...
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By Pamela Barbaglia LONDON (Reuters) - French IT consulting group Atos SE has made a takeover approach to buy U.S. rival DXC Technology and values the NYSE-listed business at more than $10 billion, two sources with knowledge of the matter told Reuters. Atos is working with advisers on a possible deal for DXC, a former Hewlett Packard Enterprise unit, and made a...
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