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French retailer Casino sells assets to Apollo Global

4 hours ago DieselGasoil Comments Off on French retailer Casino sells assets to Apollo Global
FILE PHOTO: A logo of French retailer Casino is pictured outside a Casino supermarket in Nantes, France, July 20, 2017. REUTERS/Stephane Mahe/File Photo PARIS (Reuters) – French retailer Casino said on Monday it agreed to sell a portfolio of 12 Casino hypermarkets and 20 supermarkets to U.S. asset management firm Apollo Global Management in a Read More

Sri Lanka: Emergency powers imposed after bomb attacks

7 hours ago DieselGasoil Comments Off on Sri Lanka: Emergency powers imposed after bomb attacks
Emergency powers will come into force in Sri Lanka from midnight on Monday, following a series of bomb attacks on Easter Sunday. The powers will allow police and the military extensive powers to detain and interrogate suspects without court orders. Sri Lankan police are to investigate whether warnings of attacks were ignored or missed before Read More

Denmark’s richest man loses three children in Sri Lanka bombings

8 hours ago DieselGasoil Comments Off on Denmark’s richest man loses three children in Sri Lanka bombings
Fashion tycoon Anders Holch Povlsen lost three of his four children in the Sri Lanka terrorist attacks on Sunday. The family was visiting the country over the Easter holiday. “Unfortunately, we can confirm the news is true,” Jesper Stubkier, spokesman for Povlsen’s fashion firm Bestseller, told Danish news agency Ritzau. “We ask that you please Read More

‘Warnings were missed’ before attacks – Sri Lankan ministers

10 hours ago DieselGasoil Comments Off on ‘Warnings were missed’ before attacks – Sri Lankan ministers
Sri Lankan police will investigate whether warnings of attacks were ignored or missed before the violence in eight locations on Easter Sunday. At least 290 people have been killed in a series of explosions targeting churches and hotels in Sri Lanka, and two minister have suggested intelligence officers knew something of the attacks beforehand. Since Read More

Hundreds sign online petition supporting woman suing JD.com CEO in rape case

3 days ago DieselGasoil Comments Off on Hundreds sign online petition supporting woman suing JD.com CEO in rape case
SHANGHAI (Reuters) – Hundreds of people have added their names to an online petition in support of a University of Minnesota student who said she was raped last August by Richard Liu, the chief executive officer of China’s e-commerce retailer JD.com Inc. FILE PHOTO: JD.com founder Richard Liu attends a Reuters interview in Hong Kong, Read More

Sears sues Lampert, claiming he looted assets and drove it into bankruptcy

4 days ago DieselGasoil Comments Off on Sears sues Lampert, claiming he looted assets and drove it into bankruptcy
NEW YORK (Reuters) – Sears Holdings Corp sued longtime former Chairman Eddie Lampert, his hedge fund ESL Investments and others like Treasury Secretary Steven Mnuchin, claiming they illegally siphoned billions of dollars of assets from the retailer before it went bankrupt. FILE PHOTO: A dismantled sign sits leaning outside a Sears department store one day Read More

France points way for UK shake up of audit market

4 days ago DieselGasoil Comments Off on France points way for UK shake up of audit market
LONDON (Reuters) – Taking on the Big Four accounting firms will remain a lengthy and costly challenge for smaller rivals in Britain despite the regulatory leg-up unveiled on Thursday, but France has shown it can be done over a decade. FILE PHOTO: Offices of Deloitte are seen in London, Britain, September 25, 2017. REUTERS/Hannah McKay/File Read More

Amazon, facing entrenched rivals, says to shut China online store

4 days ago DieselGasoil Comments Off on Amazon, facing entrenched rivals, says to shut China online store
SAN FRANCISCO/BEIJING/HONG KONG (Reuters) – Amazon.com Inc said it will shut its China online store by July 18, as the U.S. e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world’s most populous nation. The move underscores how entrenched, home-grown e-commerce rivals have made it difficult for Amazon’s Read More

Exclusive: Advent readies new $2.2 billion Latam private equity fund – sources

5 days ago DieselGasoil Comments Off on Exclusive: Advent readies new $2.2 billion Latam private equity fund – sources
SAO PAULO (Reuters) – U.S. private equity firm Advent International Corp is preparing to launch a $2.2 billion fund to invest in Latin American companies, two people with knowledge of the matter told Reuters. The fund launched in coming days will be Advent’s seventh for Latin America and its largest for the region. Advent’s last Read More

Pier 1 Imports fourth-quarter results disappoint, CFO departs

5 days ago DieselGasoil Comments Off on Pier 1 Imports fourth-quarter results disappoint, CFO departs
(Reuters) – Pier 1 Imports Inc’s Chief Financial Officer Nancy Walsh is leaving after a year in the job at the struggling home furnishing retailer, which reported a bigger-than-expected loss in the fourth quarter on Wednesday. FILE PHOTO: The Pier 1 Imports store is seen in Broomfield, Colorado September 17, 2014. Pier 1 will be Read More