Month: January 2017

Fashion icon

The event, staged last September in a vast hall in the grounds of the Musee Rodin in Paris, featured designs by Maria Grazia Chiuri, the new artistic director of Christian Dior, the fashion house run by Mr Toledano. The time is right for change, says Mr Toledano.

Girl power

“Embrace your inner girl” is not a phrase you’ll hear very often, particularly in the macho world of business where “manning up” is more de rigueur. Yet if you attend any major business conference this year, then you’re likely to come across “The Girls’ Lounge”.

Rolls-Royce To Pay $800M to U.S., U.K., Brazil in Bribery Settlements

Rolls-Royce has agreed in principle to settle bribery and corruption cases with U.S., U.K. and Brazilian authorities by paying the equivalent of more than $800 million to the three countries, the company said in a news release Monday. Rolls-Royce said it has cooperated with authorities on the cases, which involve bribery and corruption of intermediaries in overseas markets, concerns about which the company said it passed to the SFO from 2012 onwards.

The fitness brand has an estimated 4 million-plus adherents worldwide.

The mega-agency will identify and negotiate opportunities for the company to promote itself through content, licensing, sponsorship and live events, which IMG also has the capacity to manage. Since its founding by Greg Glassman in 2000, CrossFit has an estimated 4 million-plus adherents globally, with more than 116,000 trainers certified for at least Level 1. According to the company, it is the largest gym organization in the world, with more than 13,000 affiliates.

Layoffs begin as Gildan backs away from American Apparel factories

The jobs of 2,400 American Apparel factory workers in the U.S. are about to disappear after Gildan declined to take over the manufacturing plants. American Apparel LLC said it had started to lay off staff on Monday, after Canadian apparel maker Gildan Activewear Inc. withdrew its initial plan to acquire some of the bankrupt U.S. fashion retailer’s manufacturing operations.

Meet the Men Who Will Oversee Trump’s Infrastructure Plan

President-elect Donald Trump is planning to name real-estate developers Richard LeFrak and Steven Roth to head up a new council he is creating to monitor spending on his proposed $1 trillion plan to improve the nation’s roads, bridges and other public works. Mr. Trump said in an interview Friday with Wall Street Journal reporters and editors that he has asked the two New York-based developers, whom he has known for decades, to oversee the council of 15 to 20 builders and engineers.

Why Vera Bradley, Inc. Stock Fell 25.9% in 2016

Vera Bradley’s stock had a great start in 2016, climbing more than 30% to a fresh 52-week high by the beginning of April, as analysts applauded the fashion accessory company’s compelling product line and its improving profitability as 2015 came to a close. But the good times didn’t last long.

What to Expect from British PM May’s Brexit Speech

Britain will not seek a Brexit deal that leaves it “half in, half out” of the European Union, Prime Minister Theresa May will say on Tuesday, in a speech setting out her 12 priorities for upcoming divorce talks with the bloc. Those 12 priorities will include leaving the European Union’s single market, the Telegraph newspaper reported on Monday.

The One Thing Millennials Need to Know About Investing

The oldest millennials are now starting to enter their formative years in the workforce and the youngest of the group will soon graduate from high school. Millions of millennials are going to be making decisions about what to do with their finances and how much to spend or save for the future.

2 Stocks That Pay You Each Month

Investors seeking a monthly dividend payout are generally motivated by one of two factors: the slight advantage that monthly compounding offers over quarterly compounding, or the need for unearned income to be disbursed frequently throughout the year. In this article, we’ll cover two attractive companies issuing monthly checks to shareholders: EPR Properties EPR Properties is a real estate investment trust that invests primarily in properties related to the entertainment, education, and recreation industries in the U.S. and Canada.

Dow 1 million by when?

Jan. 16, 2017 – 2:45 – Former Franklin Templeton spokesman Mark Zinder and Gradient Investment senior portfolio manager Mariann Montagne on whether the Dow could reach 1,000,000 by the end of the century, and how British Prime Minister Theresa May’s Brexit speech could impact markets.

Hedge-Fund Performance More Honda Than Rolls Royce, Point72 Says

Hedge funds will have to adapt to a more challenging market as investors respond to disappointing returns by demanding their fees back or pulling out altogether, according to Matthew Granade, chief market intelligence officer of Point72 Asset Management. No matter how you “slice-and-dice the data,” hedge funds are struggling to meet their promise to clients of producing consistently high returns with low correlation to markets, Granade said at the London School of Economics’ alternative-investment conference on Monday.

Vietnam’s Prime Minister to Raise Foreign-Investor Caps on Banks

Vietnam will increase the limits of foreign ownership in banks as early as this year to quicken the overhaul of the nation’s banking system and further lure overseas investments to boost economic growth, Prime Minister Nguyen Xuan Phuc said. “We will raise the ceiling and will also expand access to the securities market” for foreign investors, Phuc said in an interview with Bloomberg Television’s Haslinda Amin at the Government Office in Hanoi on Friday.

Feeling good about the economy a ” and rain

In fact, a New York Life survey of more than 1,200 small business owners shows that their optimism for 2017 is outpacing that of the general public. A healthy 60 percent of them expect their financial situation to improve in the coming year, compared to the 43 percent of Americans age 30 and up who are expecting things to get better.

Noble Energy Plans to Buy Clayton Williams Energy for $2.7 Billion

Noble Energy said on Monday it would buy Clayton Williams Energy for about $2.7 billion in a cash-and-stock deal, Noble Energy said in a news release Monday. Clayton Williams shareholders will receive 2.7874 shares of Noble Energy common stock and $34.75 in cash for each share of common stock held under terms of the deal, the company said.

Why Overstock.com, Inc. Stock Skyrocketed 41.7% in 2016

Overstock’s first big jump came in February, when shares soared 23% after an encouraging fourth-quarter 2015 report but not so much because of its actual headline numbers. For perspective, Q4 2015 revenue climbed just 2% year over year, to $480 million, while net income was $110,000, or breakeven on a per-share basis and down from $0.06 per share in the same year-ago period.

Oil Up on Saudi Commitment to Cut; U.S. Output Seen Rising

Oil prices settled up on Monday, as Saudi Arabia’s commitments to reducing production offset a report forecasting U.S. output would again rise this year. The Organization of the Petroleum Exporting Countries has agreed to cut production by 1.2 million barrels per day to 32.5 million bpd from Jan. 1 in an attempt to clear a global oversupply that has depressed prices for more than two years.

Nevadaa s Casinos Rebound Without Gamblers

But it’s not the high-roller gamblers helping the casinos see green – it’s the shoppers and diners infusing cash into the state’s industry. Nevada’s casinos, which in 2015 lost $662 million, made a profit last year for the first time since 2008.

Hawaii telecom firm disputes FCC’s findings of misconduct

A Hawaii telecommunications provider is denying claims by the federal government that it received more than $26 million in overpayments of federal subsidies over a decade. The Washington, D.C., law firm Venable LLP filed a petition this month on behalf of Sandwich Isles Communications Inc., reported The Honolulu Star-Advertiser.

Dr. Alveda King Speaks Out on Trump, Lewis Feud

Despite the political tension during and after the presidential campaign, as well as the recent war of words between Rep. John Lewis, , and President-elect Donald Trump, Dr. Alveda King, niece of Dr. Martin Luther King, Jr., and author of ‘America: Return to God,’ is optimistic. “My uncle would be very happy with these times because it is forcing America to talk again.

Ice Storm

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Luxottica to join with Essilor in $70B merger of two eyewear giants

A global eyewear colossus worth almost $70 billion Canadian is set to be created as Italy’s Luxottica – owner of Ray-Ban and Oakley glasses – merges with France’s Essilor, owner of Crizal, Transitions, Clearly Contacts and other brands. Essilor said it had reached an agreement with Luxottica’s owners for an all-share deal to combine the two lens companies.

Rolls to Pay $807 Million to End U.K., U.S. Bribery Probes

Rolls-Royce Holdings Plc agreed to pay about 670 million pounds to resolve long-running U.S. and U.K. investigations into allegations its representatives bribed foreign officials to win business. Europe’s largest maker of commercial jet engines will pay the U.K. Serious Fraud Office 497.25 million pounds plus interest, and the U.S. Department of Justice about $170 million, the company said Monday in a statement.

Fink Signals Support for Merkel Policies in German Election Year

One of Wall Street’s most influential figures, BlackRock Inc.’s Larry Fink, signaled his support for Angela Merkel as Germany’s chancellor prepares to campaign for re-election this fall, saying she has provided “moral leadership” to the world. “I sincerely hope that Germany chooses to continue its role as a leader and stabilizing force in the world,” Fink, the chairman and chief executive officer of the world’s biggest asset manager, said in a speech Monday evening at a reception hosted by Deutsche Boerse AG in Frankfurt.

Amazing insight into what US intelligence knew about Hitler in…

One of history’s most brutal tyrants was a diagnosed schizophrenic on a mission to avenge his childhood years of repressed rage, according to Henry Murray, an American psychologist and a Harvard professor. In 1943, the US Office of Strategic Services , a precursor to the CIA, commissioned Murray to study Adolf Hitler’s personality to try to predict his behavior.

Trump’s Emerging Europe Policy Prompts Calls for Closer EU Unity

European governments called for cool heads and tighter unity as they reacted with shock to President-elect Donald Trump’s remarks slamming NATO and predicting European Union nations would follow the U.K. out of the bloc. Trump’s comments, which call into question the depth of continued U.S. support for free trade and European defense, sent shock-waves around the EU at a time when governments are already battling to deal with the rise of nationalism, Brexit and a belligerent Russia.

Legislator-911 dispatcher hopes to fix misdirected calls

Monroe state Rep. J.P. Sredzinski , a public safety dispatch supervisor, knows firsthand the challenges of fielding misdirected 911 emergency calls from cellphone users. While some calls are easily rerouted to the correct dispatch center, others become tricky when the person isn’t sure where he or she is located and the call has been routed through the nearest cellphone tower that may be in another community.