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Michael Kors revenue soars 43 percent

Michael Kors revenue soars 43 percent

(Reuters) – Michael Kors Holdings Ltd reported a 43 percent rise in quarterly revenue, helped by higher sales of handbags and watches in North America, sending its shares up 12 percent in...
McDonald’s to resume full menu in Beijing, Guangzhou this week

McDonald’s to resume full menu in Beijing, Guangzhou this week

HONG KONG/SHANGHAI (Reuters) – McDonald’s Corp , which has over 2,000 restaurants in China, will restore its full menu in some Chinese cities this week, a fortnight after a food safety...
Will Europe’s banking “big bang” loosen lending?

Will Europe’s banking “big bang” loosen lending?

PARIS (Reuters) – In the biggest advance in European integration since the launch of the euro in 1999, the European Central Bank will take charge of supervising banks from Helsinki to Lisbon in...
Will Europe’s banking “big bang” loosen lending?

Will Europe’s banking “big bang” loosen lending?

PARIS (Reuters) – In the biggest advance in European integration since the launch of the euro in 1999, the European Central Bank will take charge of supervising banks from Helsinki to Lisbon in...
Portugal in $6.6 billion rescue of Banco Espirito Santo

Portugal in $6.6 billion rescue of Banco Espirito Santo

LISBON (Reuters) – Portugal will spend 4.9 billion euros ($6.58 billion) to rescue its largest listed bank, testing the euro zone’s resilience to another banking crisis just months after...
Portugal to rescue BES with 4.9 billion euros using bailout funds

Portugal to rescue BES with 4.9 billion euros using bailout funds

LISBON (Reuters) – Portugal’s central bank said on Sunday it decided to rescue troubled lender Banco Espirito Santo in a 4.9 billion euro recapitalization to be pumped into the healthy...
Toyota dreams of green car future, but tied to gas-guzzler present

Toyota dreams of green car future, but tied to gas-guzzler present

TOKYO (Reuters) – Toyota Motor Corp is hitching its future to green cars, investing billions of dollars in gasoline-electric hybrids and fuel-cell vehicles, but for now its record profit...
Who wants to be a billionaire? SoftBank academy vets Japan entrepreneurs

Who wants to be a billionaire? SoftBank academy vets Japan entrepreneurs

TOKYO (Reuters) – If Masayoshi Son, the billionaire founder and CEO of SoftBank Corp needs a fresh strategy to fend off a surprise French counterbid for a prized U.S. telecoms target, he could...
Private equity firms mull merger of older GSK, Sanofi brands: FT

Private equity firms mull merger of older GSK, Sanofi brands: FT

(Reuters) – Private equity firms are mulling over a $10 billion plan to buy and merge older drug brands of Britain’s GlaxoSmithKline and France’s Sanofi , the Financial Times...
Obama says corporate America has benefited from his policies: the Economist

Obama says corporate America has benefited from his policies: the Economist

WASHINGTON (Reuters) – President Barack Obama said corporate America has done well under his economic policies, telling the Economist magazine that CEOs should stop complaining about...