By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks retreated on Monday after six sessions of gains…
Gucci’s challenge: reigniting heat while boosting timeless appeal
By Mimosa Spencer PARIS (Reuters) -Sabato De Sarno, newly appointed by Kering to reinvigorate its prized Gucci brand, needs to…
Drugmakers prevail in dispute over U.S. discount drug program
By Brendan Pierson (Reuters) -Drug manufacturers can limit healthcare providers’ use of outside pharmacies for dispensing drugs under a federal…
Dollar gains as central banks take central stage
By Karen Brettell NEW YORK (Reuters) – The dollar rose on Monday, a day before the Federal Reserve was due…
Oil falls 2% as rate hikes loom and Russian flows stay strong
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices dipped 2% on Monday, extending losses as looming increases to interest rates by…
Philips to cut 13% of jobs in safety and profitability drive
By Bart H. Meijer AMSTERDAM (Reuters) -Dutch health technology company Philips will scrap another 6,000 jobs worldwide as it tries…
Sanofi to let go of staff at vaccine plants in India as part of review
By Leroy Leo (Reuters) – French drugmaker Sanofi SA is reviewing operations at two of its vaccine making facilities in…
VW’s Skoda Auto cuts production due to chip shortage – trade unions
PRAGUE (Reuters) – Volkswagen’s Czech subsidiary Skoda Auto is cutting production this week due to chip shortages, trade unions at…
Europe stocks slip as hot Spanish inflation data fans rate hike concerns
By Ankika Biswas and Amruta Khandekar (Reuters) – European shares slipped on Monday as hotter-than-expected inflation data from Spain added…
Rheinmetall, GM Defence win contract to supply trucks to U.S. Army
(Reuters) – German arms manufacturer Rheinmetall on Monday said its United States unit has won a contract for the first…