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  • Kohl's tops same-store sales estimates, raises forecast

    November 20, 2018 12:19 PM 90

    (Reuters) - Department store operator Kohl’s Corp (KSS.N) reported better-than-expected quarterly same-store sales on Tuesday, benefiting from its revamped stores and merchandise as well as its partnerships with Amazon.com (AMZN.O) and Under Armour (UA.N). Net income rose to $161 million, or 98 cents per share, in the third quarter ended Nov. 3, from $117 million

  • Explainer: What misconduct is Nissan's Ghosn accused of, and how did it come to light?

    November 20, 2018 12:12 PM 93

    TOKYO (Reuters) - Japan was shocked by news that Nissan Motor Co Chairman Carlos Ghosn, who was widely respected for rescuing the car maker from near bankruptcy, was arrested on Monday for alleged financial misconduct. Nissan said that Ghosn, who is also chairman and CEO of Renault and chairman of Mitsubishi Motors, would be fired from his post as Nissan

  • Japan's Mitsubishi CEO says tough to manage car alliance without Ghosn

    November 20, 2018 12:11 PM 98

    TOKYO (Reuters) - The Renault, Nissan and Mitsubishi car alliance may be hard to manage without the unifying figure of chairman Carlos Ghosn, who is police custody in Japan facing financial misconduct allegations, Mitsubishi Motors CEO Osamu Masuko said on Tuesday. “I don’t think there is anyone else on Earth like Ghosn who could run Renault, Nissan

  • Lebanese foreign ministry: will stand by Carlos Ghosn

    November 20, 2018 12:11 PM 85

    BEIRUT (Reuters) - Lebanon’s foreign ministry said on Tuesday it would stand by Nissan and Renault boss Carlos Ghosn, who is of Lebanese descent and holds Lebanese citizenship, a day after his arrest in Japan on financial misconduct allegations. Ghosn, one of the best-known leaders in the car industry, was arrested after Nissan Motor Co said he had engaged

  • Petrobras should focus on oil exploration and production: incoming CEO

    November 19, 2018 7:16 PM 88

    RIO DE JANEIRO (Reuters) - The incoming chief executive of Brazilian state-controlled oil company Petroleo Brasileiro SA (PETR4.SA) said in a newspaper interview on Monday that BR Distribuidora (BRDT3.SA), its fuel distribution unit, is not a natural fit for the company and does not generate returns. Roberto Castello Branco told newspaper O Estado de S Paulo

  • Barclays not liable to buyers of U.S. IPO before 2008 crisis: appeals court

    November 19, 2018 5:46 PM 95

    NEW YORK (Reuters) - Barclays Plc (BARC.L) is not liable to investors who bought its U.S.-listed stock a few months before the 2008 financial crisis and accused the British bank of hiding its risky debt exposure and a capital shortfall, a U.S. court ruled on Monday. In a 3-0 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan upheld the dismissal

  • Disney's Fox deal gets China's approval

    November 19, 2018 4:50 PM 95

    (Reuters) - Walt Disney Co (DIS.N) on Monday received unconditional approval from China for its deal to buy Twenty-First Century Fox’s (FOXA.O) entertainment assets, clearing one of the last major hurdles for the deal to go through. Disney agreed to purchase Fox’s film and television assets for $71.3 billion and received approval from European Commission

  • France's Macron vows to maintain Renault-Nissan stability

    November 19, 2018 12:50 PM 87

    PARIS/BRUSSELS (Reuters) - France will work to preserve the stability of Renault (RENA.PA) and its alliance with Nissan (7201.T), President Emmanuel Macron said on Monday, after the Japanese carmaker took steps to oust Chairman Carlos Ghosn over alleged financial irregularities. “It’s too early to comment on the reality or materiality of the accusations

  • Burke to replace Dungey as ABC Entertainment chief

    November 16, 2018 11:36 PM 111

    (Reuters) - Karey Burke will replace Channing Dungey as president of Walt Disney’s (DIS.N) ABC Entertainment, the company said on Friday. Burke is currently head of original programming for Disney’s cable channel Freeform. Dungey, the first African-American to lead a U.S. broadcast network, will stay through a transition period as Burke assumes her new role. Disney

  • U.S. investigators approach Deutsche Bank, BofA, JPM in Danske probe: Bloomberg

    November 16, 2018 12:18 PM 101

    COPENHAGEN (Reuters) - U.S. criminal investigators have requested information from Deutsche Bank, Bank of America and JPMorgan about transactions they handled for Danske Bank’s Estonia branch, which is at the center of a money laundering scandal, Bloomberg reported on Friday citing sources. Danske Bank said last month it faced a U.S. criminal investigation