LVMH, Arnault to simplify Christian Dior business structure

Luxury goods group LVMH and billionaire businessman Bernard Arnault announced on Tuesday a deal to simplify their relationship with Christian Dior by buying out its minority shareholders, a transaction aimed at boosting LVMH’s earnings. Arnault’s family...

Macron and Le Pen must focus on labor reform to boost French economy, says Randstad CFO

French presidential finalists Emmanuel Macron and Marine Le Pen should put labor reforms front and center of their election campaigns if they are to win economic appeal, the chief financial officer of the world’s second-largest recruitment company has said....

Ericsson posts slightly wider loss than expected in Q1

Mobile telecom equipment maker Ericsson reported a slightly bigger than expected first-quarter operating loss on Tuesday and said industry trends and business mix in mobile broadband from 2016 were expected to prevail in 2017. Sweden’s Ericsson posted an...

SAP core profit up 8 percent on acceleration in cloud product sales

SAP, Europe’s largest software company, reported slightly lower-than-expected first-quarter core profit as it sold more of its cloud products, which are less profitable. First-quarter operating profit, excluding special items, for the German software maker rose...

Ford sees strong global sales of its iconic Mustang

The numbers may not be huge, but for Ford’s iconic Mustang, the figures prove its international expansion is working. Ford says Mustang global sales climbed to more than 150,000 last year, an increase of 6 percent compared to 2015. Internationally, Ford sold...