Kering to Sell Creed, License Fragrance Brands to L’Oreal in $4.7 Billion Deal
The deal marks an early move by Kering’s new chief, Luca de Meo, to revive the French luxury giant’s fortunes.
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Elon Musk Pay Drama Heats Up Ahead of Tesla Earnings
ISS, the proxy advisor, recommends shareholders vote no on a proposed massive pay package for Musk. Investors aren’t likely to listen.
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Activist Jana Takes Stake in Cooper, a Maker of Medical Devices
Bausch + Lomb is seen as a potential buyer for the contact-lens unit and the CEO said he would be interested.
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First Ford, Now Jeep. Automakers Are Hit by Lack of Parts
Rare-earths minerals, aluminum fire, semiconductor stoppage have hit carmakers simultaneously.
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FDA Approves Novo Nordisk’s Rybelsus Diabetes Pill to Reduce Heart Risk
The drug, called Rybelsus, is the only oral GLP-1 medication available. It was previously approved to treat Type 2 diabetes but under the new approval, Novo Nordisk can now market the drug’s benefits of reducing cardiovascular events.
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Luxury Brands’ Stiffest Competition Is the Stuff They Have Already Sold
Sales of secondhand luxury goods are growing faster than in brands’ own stores.
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FAA Lets Boeing Increase Production Cap on 737 MAX by 10%
The company can now increase production to 42 planes a month from 38, the limit put in place after a fuselage panel blew off a jet midair in January 2024.
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Jefferies Shares Pare Losses After CEO Says First Brands Defrauded Bank
Rich Handler doesn’t see the collapse of the auto-parts supplier as sign of broader credit issues.
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Citgo Bidder, Auction Overseer Clash Over Fees in Disqualification Request
Gold Reserve says fees paid to advisers of the special master present a conflict of interest, while the overseer says the fees were unrelated to the Citgo sale.
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Goldman Sachs Pursues Bigger Share of AI Infrastructure Financing Boom
A new team will focus on deals to finance data centers and other artificial-intelligence projects.
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American Express Third-Quarter Sales Rise as Cardholders Regain Spending Confidence
Revenue climbed 11% to $18.43 billion in the quarter as consumers spent more on retail, restaurants and airlines, said the company.
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Fifth Third Profit Rises, Comerica’s Slips Ahead of Tie-Up
Fifth Third Bancorp posted higher profit in the third quarter, while Comerica’s earnings slipped slightly, as the regional lenders prepare to combine in a $10.9 billion all-stock deal.
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SLB Earnings Beat Estimates. Why the Stock Is Dropping.
CEO Olivier Le Peuch says revenue grew in the quarter
(END) Dow Jones Newswires
October 20, 2025 03:15 ET (07:15 GMT)
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