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January 19, 2022

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Jewellery helps Richemont sales jump amid post-pandemic luxury revival

Reuters
High-end jewellery is displayed at a Cartier store on Place Vendome in Paris, France, July 2, 2019. REUTERS/Regis Duvignau/File Photo Register now for FREE unlimited access to Reuters.com Register Q3 sales up 32% at constant currency Jewellery, Americas, Europe strong Shares rise 5.7% ZURICH, Jan 19 (Reuters) – Strong demand......

Microsoft to gobble up Activision in $69 billion metaverse bet

Reuters
The Microsoft logo is seen in front of characters from Activision Blizzard games. REUTERS/Dado Ruvic/Illustration Register now for FREE unlimited access to Reuters.com Register Jan 18 (Reuters) – Microsoft Corp (MSFT.O) is buying “Call of Duty” maker Activision Blizzard (ATVI.O) for $68.7 billion in the biggest gaming industry deal in......

Inditex founder Amancio Ortega buys Toronto’s Royal Bank Plaza for $916 mln

Reuters
A Royal Bank of Canada (RBC) logo is seen on Bay Street in the heart of the financial district in Toronto, January 22, 2015. REUTERS/Mark Blinch/File Photo Register now for FREE unlimited access to Reuters.com Register MADRID, Jan 13 (Reuters) – Spanish billionaire and Zara founder Amancio Ortega has agreed......

As costs soar, some Japanese companies do the unthinkable: raise prices

Reuters
City skyline and harbour are seen at sunrise from a quarantine bus window during the Tokyo 2020 Olympic Games in Tokyo, Japan July 24, 2021. REUTERS/Maxim Shemetov/File Photo Register now for FREE unlimited access to Reuters.com Register TOKYO, Jan 12 (Reuters) – Premium telescopes, violin bows and speciality paper are......

American Eagle signals weak revenue growth in holiday quarter

Reuters
A view of an American Eagle Outfitters store in Arlington, Virginia, U.S., June 1, 2021. REUTERS/Erin Scott Register now for FREE unlimited access to Reuters.com Register Jan 11 (Reuters) – American Eagle Outfitters Inc (AEO.N) on Tuesday signaled its revenue growth in the holiday quarter was hampered by supply chain......

Japan urges more chip tie-ups with Taiwan at trade talks

Reuters
A 12-inch wafer is seen at Taiwan Semiconductor Manufacturing Co. (TSMC) in Hsinchu June 15, 2010. REUTERS/Pichi Chuang Register now for FREE unlimited access to Reuters.com Register TAIPEI, Jan 11 (Reuters) – Japan called for greater collaboration with Taiwan on semiconductors at a bilateral economic and trade meeting on Tuesday.......

Take-Two to buy ‘FarmVille’ maker Zynga for $11 bln in largest gaming deal

Reuters
Jan 10 (Reuters) – “Grand Theft Auto” video game maker Take-Two Interactive (TTWO.O) said on Monday it would buy Zynga for $11.04 billion in a cash-and-stock deal that will add popular mobile titles such as “FarmVille” under its umbrella as demand surges for on-the-go gaming. The deal, the largest ever......

Lululemon warns of lackluster holiday quarter over Omicron hit

Reuters
The logo for Lululemon Athletica is seen at a store in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register Jan 10 (Reuters) – Lululemon Athletica Inc (LULU.O) said on Monday it expects the Omicron coronavirus variant to have dented holiday-quarter......

Allegiant defends new Boeing 737 MAX order

Reuters
The first Boeing 737 MAX 7 is unveiled in Renton, Washington, U.S. February 5, 2018. REUTERS/Jason Redmond/File Photo Register now for FREE unlimited access to Reuters.com Register SEATTLE/CHICAGO, Jan 6 (Reuters) – Allegiant Travel Co on Thursday tried to ease concerns among investors that a plan to add 50 new......

GM to chase Ford, Rivian with a $105,000 electric Silverado pickup

Reuters
DETROIT, Jan 5 (Reuters) – General Motors Co’s (GM.N) $35 billion electric vehicle strategy will face its biggest test in 2023 when it launches an electric version of its Chevrolet Silverado pickup with a six-figure price tag, more than a year after rivals Ford Motor Co (F.N) and Rivian Automotive.......

‘Spider-Man: No Way Home’ Continues Box Office Domination, Crosses $600 Million in North America

Reuters
Cast members Benedict Wong, Benedict Cumberbatch, Jacob Batalon, Marisa Tomei, Zendaya and Tom Holland pose for a photograph as they attend the premiere for the film “Spider-Man: No Way Home” in Los Angeles, California, December 13, 2021. REUTERS/Mario Anzuoni Register now for FREE unlimited access to Reuters.com Register LOS ANGELES,......

UK’s Terra Firma plans to sell Annington Homes at $12 bln valuation- Sky News

Reuters
Jan 1 (Reuters) – Private equity firm Terra Firma is in talks to sell residential property company Annington Homes, with any deal expected to value the British defence ministry’s landlord at over 9 billion pounds ($12.18 billion) including debt, Sky News reported on Saturday. Annington is one of the largest......

CES to now end sooner than planned as Omicron cases surge

Reuters
The CES logo is displayed in the lobby of the Las Vegas Convention Center in Las Vegas, Nevada, U.S. January 5, 2020. REUTERS/Steve Marcus Register now for FREE unlimited access to Reuters.com Register Dec 31 (Reuters) – CES will now end a day earlier than planned, the organizer of the......

Furniture giant IKEA raises prices as supply chain woes persist

Reuters
STOCKHOLM, Dec 30 (Reuters) – The world’s biggest furniture brand IKEA is raising prices by an average of 9% as it faces increasing costs in transport and raw materials, the owner of most of its stores worldwide said on Thursday. IKEA had previously said it was leasing more ships, buying......

U.S. reality TV star Paris Hilton launches metaverse business on Roblox

Reuters
Paris Hilton poses at the LACMA Art+Film Gala in Los Angeles, California, U.S. November 6, 2021. REUTERS/Mario Anzuoni Register now for FREE unlimited access to Reuters.com Register Dec 28 (Reuters) – Paris Hilton commands as much as $1 million a night working as a celebrity DJ, entertaining partiers at clubs......

Microsoft will not participate physically at CES -The Verge

Reuters
Dec 24 (Reuters) – Microsoft (MSFT.O) became the latest big tech company to drop out of next month’s Consumer Electronics Show (CES) physically because of worries about the spreading Omicron coronavirus variant, the Verge reported on Friday. Microsoft joins other firms including General Motors Co (GM.N) and Alphabet Inc’s (GOOGL.O)......

U.S. existing home sales rise in November; supply remains tight

Reuters
A carpenter works on building new townhomes that are still under construction while building material supplies are in high demand in Tampa, Florida, U.S., May 5, 2021. REUTERS/Octavio Jones Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Dec 22 (Reuters) – U.S. home sales increased for a third......

Sony, Zee lock India merger to create mega TV network

Reuters
BENGALURU, Dec 22 (Reuters) – Sony’s (6758.T) India unit has finalised a deal with local rival Zee Entertainment (ZEE.NS) to merge their television channels, film assets and streaming platforms, joining forces to take on the likes of Netflix and Disney in India. India, still heavy on direct-to-home TV entertainment, has......

Wall Street surges after Omicron selloff, with boost from Nike, Micron

Reuters
Tech, energy among top-gaining sectors Nike up after beating quarterly estimates Micron rises as it sees chip shortages easing Dec 21 (Reuters) – Wall Street’s main indexes jumped on Tuesday, with strength in travel and tech shares as well as in Nike and Micron Technology following their earnings, as stocks......

Nike beats revenue estimates on North America demand

Reuters
The Nike swoosh logo is seen outside the store on 5th Avenue in New York, New York, U.S., March 19, 2019. REUTERS/Carlo Allegri/File Photo Register now for FREE unlimited access to Reuters.com Register Dec 20 (Reuters) – Nike Inc (NKE.N) beat quarterly revenue and profit estimates on Monday, lifted by......

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