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BRUSSELS (Reuters) – Amazon is not liable for unknowingly stocking goods for third-party sellers that infringe trademarks, Europe’s top court said on Thursday, handing online retailers a victory in their battle against luxury goods companies. FILE PHOTO: The logo of … Continue reading Amazon wins trademark case in boost for online retailers vs luxury firms
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, November 5, 2019. REUTERS/Pascal Rossignol BRUSSELS (Reuters) – Amazon is not liable for unwittingly stocking trade mark infringing goods for third-party sellers, Europe’s top … Continue reading Amazon wins EU court backing in trade mark dispute with Coty
NEW YORK (Reuters) – U.S. pension funds that delayed rebalancing their portfolios are likely to pump about $400 billion into stocks over the next two quarters, analysts at JP Morgan said, providing a potential boost to equity markets battered by … Continue reading U.S. pension funds may pour $400 billion into stocks, lifting virus-hit markets: JP Morgan
BOSTON (Reuters) – Activist investor Starboard Value LP has built a stake in U.S. data protection and data management software company Commvault, saying in a regulatory filing that it felt the shares were undervalued when it purchased them. FILE PHOTO: … Continue reading Activist investor Starboard says it has 9.3% stake in software firm Commvault
(Reuters) – Major U.S. retailers Macy’s Inc (M.N), Kohl’s Corp (KSS.N) and Gap Inc (GPS.N) said on Monday they would furlough tens of thousands of employees, as they prepare to keep stores shut for longer to curb the spread of … Continue reading Macy’s, Kohl’s, Gap turn to mass furloughs as virus crisis deepens
FILE PHOTO: Chanel logo is seen on the company’s store in Monte Carlo, Monaco, December 9, 2017. REUTERS/Eric Gaillard/File Photo PARIS (Reuters) – Luxury fashion group Chanel said on Sunday it would launch production of face masks to help bolster … Continue reading Chanel turns its workshops to making face masks as coronavirus spreads
FILE PHOTO: Models present creations by designer Virginie Viard as part of her Fall/Winter 2020/21 women’s ready-to-wear collection show for fashion house Chanel during Paris Fashion Week in Paris, France, March 3, 2020. REUTERS/Gonzalo Fuentes PARIS (Reuters) – Organizers have … Continue reading Coronavirus forces cancellation of Paris fashion weeks: statement
NEW YORK (Reuters) – Money managers rebalancing their portfolios to boost equity exposure into the end of the quarter may support the nascent stock rally that has followed the steep coronavirus-fueled market drop. FILE PHOTO: Traders work on the floor … Continue reading Wall Street Week Ahead: Fund rebalancing could help buoy stock rebound
NEW YORK (Reuters) – Wild swings in asset prices have thrown a spotlight on liquidity in corners of the $4.4 trillion market for U.S. exchange-traded funds, which have played a key role for investors in Wall Street’s coronavirus-fueled sell-off. FILE … Continue reading Investors eye cracks in $4.4 trillion U.S. ETF market as sell-off rages
(Reuters) – Goldman Sachs Group Inc (GS.N) poured more than $1 billion into two of its prime money-market portfolios this week due to heavy investor withdrawals, according to a filing with the U.S. securities regulator. FILE PHOTO: A screen displays … Continue reading Exclusive: Goldman injects $1 billion into own money-market funds after heavy withdrawals
FILE PHOTO: LVMH Chief Executive Bernard Arnault announces the group’s 2019 results in Paris, France, Jan. 28, 2020. REUTERS/Christian Hartmann/File Photo PARIS (Reuters) – LVMH (LVMH.PA), the world’s biggest luxury goods group, is ordering 40 million health masks from a … Continue reading LVMH orders 40 million masks from China for France
NEW YORK (Reuters) – After closing their stores earlier this week to limit the spread of the coronavirus, several retailers are dangling site-wide discounts and free shipping to entice people stuck at home to shop. FILE PHOTO: The Nike swoosh … Continue reading Retailers offer discounts, waive shipping fees to boost online sales
