After weeks of tense exchanges, the maternity apparel company announced the preliminary results of the vote for its Board members at its Annual Meeting on Wednesday, declaring the victory of a new slate of directors.
Shareholders of Westfield Corp voted in favour of a $16 billion takeover offer from Unibail-Rodamco, Westfield Chairman Frank Lowy said on Thursday, closing the biggest takeover offer of an Australian company on record.
The South African retailer has repaid about 2 billion euros ($2.34 billion) of its debt in Africa after its local unit used the proceeds of a fundraising to pay back 16 billion rand ($1.26 billion) in shareholder loans.
Mexican deputy economic minister Juan Carlos Baker has been in Washington this week for talks with U.S. officials over the renegotiation of the North American Trade Agreement (NAFTA), sources said on Wednesday.
Target Corp’s first-quarter profit came in below analyst estimates as price cuts, higher wages and investments in its online business ate into margins, sending shares down 5 percent in afternoon trade on Wednesday.
Amazon Web Services is looking to invest in Chile for the long-term as part of a larger Latin American expansion plan, a senior executive said on Wednesday after meeting with Chilean President Sebastian Pinera.
Eddie Bauer and Pacific Sunwear of California are exploring a merger to consolidate their store footprint and weather a prolonged downturn in the U.S. brick-and-mortar retail sector, sources said on Wednesday.
The Columbus, Ohio-based apparel group reported an 8% rise in sales in Q1 2018, driven by strong comps at Bath & Body Works, but saw net income fall by half, leading the company to revise down its full year outlook.