L’Oreal’s Lancome beefs up stores as luxury cosmetics take off
L’Oreal’s Lancome brand is planning to open a flagship store in China after launching its first major showcase in Paris this week, its chief executive...
Renewed hopes of trade deal push Wall Street higher
Wall Street was set to break a three-day losing streak on Wednesday, following a report that the United States and China were moving closer to...
PG&E nearing $13.5 billion deal with wildfire victims – BBG
Bankrupt California power producer PG&E Corp is close to finalizing terms for a $13.5 billion payout to victims of wildfires ignited by its power lines,...
Oil jumps 4% on U.S. stockpiles drop; further OPEC output cuts seen
Oil prices surged 4% on Wednesday on expectations that OPEC and allied producers would extend production curbs, and as U.S. government data showed a large...
Stocks rally on renewed trade talk optimism, yields rise
Government debt yields and a gauge of global equity markets rose on Wednesday as sentiment improved after U.S. President Donald Trump said trade talks with...
Exclusive: WeWork China sets out bold 2020 sales targets at meeting – sources
WeWork China has set out ambitious revenue goals for 2020 even though it faces staff cutbacks and weak occupancy numbers at its properties across China,...
U.S. service sector slows more than expected in November
U.S. services sector activity slowed more than expected in November amid lingering concerns about trade tensions and worker shortages, which could revive fears about the...
Trump says trade talks with China going ‘very well’
U.S. President Donald Trump said on Wednesday that trade talks with China were going “very well,” sounding more positive than on Tuesday when he said...
Peloton Christmas ad tagged ‘sexist’ on social media
Exercise bike and treadmill maker Peloton Interactive Inc’s latest Christmas advertisement was widely criticized on social media as being “sexist” and “dystopian”....
Ryanair cuts planned capacity and jobs, blames 737 MAX delays
Low-cost airline Ryanair trimmed its passenger traffic forecast on Wednesday, saying it would cut summer capacity and an unspecified number of jobs as a result...