Michael Kors set to snap up Italy’s Versace: sources

LONDON (Reuters) – U.S. fashion group Michael Kors (KORS.N) has agreed to take control of Versace in a deal that could value one of Italy’s most prized designers at $2 billion, sources familiar with the matter said on Monday. Budding luxury conglomerates, including Michael Kors’ U.S. rival Tapestry (TPR.N), owner of Coach and Kate Spade, More...

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By admin On Monday, September 24th, 2018
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Uber’s strongest growth comes in depressed Argentina — minus commissions

BUENOS AIRES/SAO PAULO (Reuters) – Uber’s fastest-growing market in the world is now Argentina, company executives say, attributing the expansion to the nation’s sudden economic unraveling, which has More...

By admin On Monday, September 24th, 2018
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S&P hits session low on report Rosenstein resigns

(Reuters) – The benchmark S&P 500 hit a session low on Monday after Axios reported that U.S. Deputy Attorney General Rod Rosenstein had resigned in anticipation of being fired by President Donald Trump. More...

By admin On Monday, September 24th, 2018
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Sirius XM to buy Pandora in $3.5 billion streaming push

(Reuters) – Satellite radio company Sirius XM Holdings Inc (SIRI.O) will buy online music service Pandora Media Inc (P.N) in a $3.5 billion all-stock deal that will help it battle growing competition from More...

By admin On Monday, September 24th, 2018
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Wall Street opens lower on trade woes, tech drop

(Reuters) – U.S. stocks opened lower on Monday, led by declines in technology stocks and as the latest round of U.S.-China tariffs took effect. Traders work on the floor of the New York Stock Exchange More...

By admin On Monday, September 24th, 2018
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Symantec ends accounting probe without major revision to results

(Reuters) – Symantec Corp (SYMC.O) said on Monday that it would not restate previous financial results except for a specific $13 million transaction, following a four-month long probe into the Norton anti-virus More...

By admin On Monday, September 24th, 2018
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SiriusXM to buy Pandora in $3.5 billion streaming push

(Reuters) – Satellite radio firm Sirius XM Holdings Inc (SIRI.O) will buy music streamer Pandora Media Inc (P.N) in a $3.5 billion all-stock deal, as it seeks to build scale to battle heavyweight streaming More...

By admin On Monday, September 24th, 2018
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A close-up of Wall Street’s new S&P 500 communication services sector

NEW YORK (Reuters) – The new S&P 500 communication services sector, which includes such high-profile names as Facebook (FB.O), Alphabet (GOOGL.O) and Netflix (NFLX.O), is set to debut on Monday, as More...

By admin On Monday, September 24th, 2018
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Michael Kors to take control of Italy’s Versace: sources

LONDON (Reuters) – U.S. fashion group Michael Kors Holdings Ltd (KORS.N) has sealed an agreement to take control of Italy’s Versace, three sources familiar with the matter said on Monday, adding that More...

By admin On Monday, September 24th, 2018
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Sky’s shares jump after Comcast wins auction with knockout blow

LONDON (Reuters) – Shares in Sky (SKYB.L) jumped 9 percent on Monday to within touching distance of the 17.28 pounds a share Comcast (CMCSA.O) bid to beat Twenty-First Century Fox (FOXA.O) in the battle More...