French Retailer Casino to Sell Exito Stake for $556 Million
Casino Guichard-Perrachon SA is getting a $556 million cash infusion after Grupo Calleja agreed to buy the troubled French retailer’s stake in Almacenes Exito.
Bloomberg Top News
Microsoft-Owned LinkedIn Cuts 668 Jobs in Second Round of Layoffs This Year
Microsoft Corp.’s LinkedIn is cutting about 668 roles across its engineering, product, talent and finance teams. These are the second such cuts this year as fewer companies use the hiring platform and corporate social network.
Shell Hits Record as New CEO Makes Most of High Oil Prices
Shell Plc shares hit a record high as rising energy prices and the new CEO’s stronger focus on the core oil and gas business attracted investors.
Yellen Tells European Officials Biden Will ‘Fight’ for Ukraine Aid
US Treasury Secretary Janet Yellen urged a gathering of European finance chiefs to move ahead with plans for €50 billion ($52.4 billion) in fresh aid to Ukraine while pledging the White House and a majority in Congress will “fight” to provide new assistance for the embattled Eastern European nation.
Biotech Firm Prothena Prepares for Potential Sale
Prothena Corp., which is developing a closely-watched treatment for Alzheimer’s disease, is preparing for a potential sale ahead of key data expected in the coming months, people with knowledge of the matter said.
Ukraine Recap: Yellen Says Biden Will ‘Fight’ for Ukraine Aid
US Treasury Secretary Janet Yellen urged European finance chiefs to move ahead with plans for €50 billion ($52.7 billion) in fresh aid to Ukraine while pledging the White House, and a majority in Congress, will “fight” to provide new US assistance.
Tusk Gets His Chance to Bring Poland Back From the ‘Dark Side’
The former European Council president was involved in managing the Greek crisis and the fallout from Brexit. His next challenge is to steer his homeland in a new direction.
Lululemon’s S&P 500 Addition Stands to Bolster Stock Domination
Lululemon Athletica Inc. climbed Monday following news that the athleisure company will join the S&P 500 Index, putting the stock on track to gain for a seventh straight session and extending its outperformance this year.
Kohler to Explore $3 Billion Generators Division Sale
Kohler Co., the closely held US kitchen and bath-products conglomerate, is exploring a sale of its generators division, according to people with knowledge off the matter.
Banks Told to Review Clients in Historic ESG Crackdown in EU
Banks in Europe will need to adjust the risk assessments they conduct of their clients to reflect new ESG requirements enforced by their watchdog.