Under Armour cuts 400 more jobs in turnaround push
(Reuters) – Under Armour Inc (UA.N) (UAA.N) said on Thursday it was cutting about 400 jobs, or 3 percent of its workforce, as part of the sportswear maker’s efforts to…
U.S. regulator approves Teva migraine drug, shares rise
(Reuters) – Shares of Israeli drugmaker Teva Pharmaceutical Industries rose over 5 percent in after-hours trading on Friday after the U.S. Food and Drug Administration (FDA) approved the company’s new…
Tesla executive exits, CEO smokes pot on webcast, shares reel
(Reuters) – Tesla Inc Chief Executive Elon Musk was filmed smoking marijuana, drinking whiskey and wielding a sword just hours before the automaker said its accounting chief would leave after…
Steinhoff’s former CEO says not aware of accounting irregularities
CAPE TOWN (Reuters) – Steinhoff’s (SNHJ.J) former chief executive Markus Jooste was not aware of any accounting irregularities when he left the retailer in December, he told a South African…
Bayer cuts forecasts on Monsanto delay as lawsuits pile up
FRANKFURT (Reuters) – Bayer cut its earnings forecast on Wednesday due to delays to its $63 billion takeover of Monsanto, and said sales of its consumer care products fell, hitting…
JD.com’s CEO was arrested on allegation of rape: police
MINNEAPOLIS/SHANGHAI (Reuters) – The CEO of Chinese online retail giant JD.com Inc, Richard Liu, was arrested in Minneapolis last week following an allegation of rape, according to a public information…
Tesla CEO Musk drops pursuit of $72 billion take-private deal
(Reuters) – Tesla Inc Chief Executive Elon Musk said late on Friday he would heed shareholder concerns and no longer pursue a $72 billion deal to take the luxury electric…
Trade war threatens reign of luxury stocks
LONDON/PARIS (Reuters) – An escalating trade war between the United States and China could abruptly end a glittering stock market run for luxury goods firms, with some investors already put…
Perrigo plans to separate prescription pharma business
(Reuters) – Perrigo Co Plc (PRGO.N) said on Thursday it would separate its generics prescription business, which has been a drag on results, to focus on consumer healthcare following a…
China Tower joins growing list of subdued Hong Kong IPO debuts
HONG KONG (Reuters) – China Tower Corp Ltd’s (0788.HK) shares closed flat on their debut in Hong Kong on Wednesday, with escalating Sino-U.S. trade tensions dragging on investor sentiment toward…