MILAN (Reuters) – U.S. private equity firm Carlyle Group is pushing ahead with the sale of Italian fashion brand Twinset, asking potential bidders to submit non-binding offers, two sources close to the matter said on Friday. Carlyle, which picked Rothschild as financial adviser earlier this year, is aiming for a valuation of around 300-350 million […]

(Reuters) – Electric vehicle startup Fisker, which sought Chapter 11 protection earlier this week, said its U.S. units had also filed for bankruptcy in a court in Delaware on Wednesday. Fisker Inc and its other U.S. subsidiaries have entered into Chapter 11, the firm said, adding that discussions about the sale of assets remain ongoing. […]

By Caroline Valetkevitch NEW YORK (Reuters) -The Nasdaq eked out a fifth straight record closing high on Friday following gains in Adobe and other technology-related shares, while the S&P 500 and Dow ended slightly lower. The S&P 500 ended its four-day run of record closing highs, but still climbed more than 1% for the week. […]

(Reuters) – The U.S. Consumer Price Index was unexpectedly unchanged in May amid cheaper gasoline, but inflation likely remains too high for the Federal Reserve, which concludes it regular policy meeting later on Wednesday, to start cutting interest rates before September. The flat reading reported by the Labor Department on Wednesday followed a 0.3% increase […]

(Reuters) -Nvidia’s 10-for-1 stock split aimed at luring retail investors has taken effect, sparking speculation over chances of the artificial intelligence bellwether’s inclusion in the blue-chip Dow index. The split, aimed at lowering per-share value to make it more affordable for employees and investors, increases the company’s outstanding shares without changing its market valuation. “A […]

By David Lawder WASHINGTON (Reuters) -The International Monetary Fund said on Thursday that the European Central Bank’s rate cut is “appropriate” given declining inflation in the euro area, but that both ECB and Federal Reserve policy makers should maintain a data-dependent approach. IMF spokesperson Julie Kozack also told a regular news briefing that the U.S. […]

By Juveria Tabassum (Reuters) -Campbell Soup on Wednesday beat quarterly estimates and raised its forecast for annual net sales growth, banking on a recovery in demand for its soups and frozen meals and a boost from its purchase of Rao’s sauce maker Sovos Brands. After several quarters of declines, Campbell’s volumes showed sequential improvement this […]