Category: Business

Coty Inc (COTY.N) is in talks with reality TV star Kim Kardashian West over a potential collaboration for a beauty line, the cosmetics maker disclosed in a regulatory filing on Wednesday. The company already has a majority stake in West’s half sister, Kylie Jenner’s makeup and skincare line, which it bought last year for $600 […]

Top executives of the Detroit Three automakers and other major Michigan employers on Wednesday condemned racism and injustice in the United States following the death last week of an unarmed black man at the hands of Minneapolis police, carefully joining a charged national debate. General Motors Co Chief Executive Mary Barra, Ford Motor Co Executive […]

Gilead Sciences Inc’s (GILD.O) potential COVID-19 treatment, remdesivir, could bring in more than $7 billion in annual sales by 2022, spurred by governments stockpiling the drug to guard against future outbreaks, SVB Leerink said on Wednesday. Remdesivir has shown improvement in COVID-19 patients in clinical trials and has been cleared for emergency use in severely […]

Walmart Inc said on Wednesday it shifted firearms and ammunition out of sales floors of some U.S. stores amid nationwide protests over the death of an unarmed black man at the hands of police last week. “We have temporarily removed firearms and ammunition from the sales floor in some stores out of an abundance of […]

Citigroup Inc (C.N) said on Wednesday its chief compliance officer Mark Carawan is retiring after eight years at the firm, effective June 8. The third-largest U.S. lender said Carawan will be replaced by Mary McNiff, the current chief executive officer of Citibank N.A., the firm’s primary banking vehicle. Citigroup chief executive Michael Corbat will serve […]

The U.S Commerce Department said on Wednesday that new restrictions on 33 Chinese firms and institutions it announced last month will take effect Friday. The agency has added the companies and institutions to an economic blacklist, accusing them of helping China spy on its minority Muslim Uighur population in Xinjiang or because of alleged ties […]

Former Enron CEO Jeffrey Skilling, released last year after a 14-year prison term stemming from the energy firm’s collapse, is raising funds to launch a digital marketplace catering to professional oil and gas investors, according to four people familiar with the matter. The venture, called Veld LLC, plans to profit by charging a fee for […]