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25 Jan

Victoria's Secret sells stake in China business for $45 million

Victoria's Secret & Co said on Tuesday it will sell a 49% stake in its China business to Hong Kong-based lingerie maker Regina Miracle International Ltd for $45 million in cash, aiming to boost sales with the help of a local partner.

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25 Jan

Unilever's soap opera: M&A, job cuts and grumpy investors

Unilever unveiled plans on Tuesday to cut about 1,500 management jobs in an overhaul aimed at easing shareholders' concerns after a failed acquisition and news an activist investor had built a stake in the consumer goods giant.

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25 Jan

Ericsson's profit lifted by demand for 5G network equipment, China drags

STOCKHOLM (Reuters) -Sweden's Ericsson on Tuesday reported fourth-quarter core earnings above market estimates, helped by higher sales of telecoms gear as more countries roll out 5G networks, offsetting a loss of market share in mainland China.

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25 Jan

Lamborghini sees its first fully electric model at end of decade

Italian supercar brand Lamborghini plans to roll out its first fully electric model at the end of this decade, its Chief Executive Stephan Winkelmann said in remarks confirmed on Tuesday by a company spokesperson.

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25 Jan

Ericsson profit beats as more countries roll out 5G

STOCKHOLM (Reuters) -Sweden's Ericsson on Tuesday reported fourth-quarter core earnings above market estimates, helped by higher sales of telecom gear as more countries roll out 5G networks offsetting a loss of market share in mainland China.

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25 Jan

Ericsson tops forecast as 5G demand offsets China troubles

STOCKHOLM (Reuters) -Ericsson beat quarterly core earnings forecasts on Tuesday, sending its shares up 8% as global demand for telecoms equipment for 5G networks offset more market share losses in mainland China.

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25 Jan

Moody's expects Tesla to stay at EV leader spot, upgrades to 'Ba1'

(Reuters) -Moody's upgraded Tesla Inc's debt rating by two notches to "Ba1" from "Ba3" on Monday, reflecting the ratings agency's expectations that the Elon Musk-led company will maintain its position as the leading battery electric vehicle manufacturer.

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