Rating agency S&P Global warned Viacom on Friday that it had placed the company’s investment grade rating on review for a possible downgrade, as debts at the owner of the MTV and Nickelodeon television networks remain elevated.
The union representing tens of thousands of staff at UK universities has warned of “chaos” on campuses after plans were unveiled to replace their guaranteed pension benefits with riskier retirement plans.
Stitch Fix made a stylish debut on its first day of trading.
The subscription service that provides personalised clothing recommendations from a stylist rose as much 24 per cent to $18.53. The shares priced at $15 on Thursday night, valuing the company at roughly $1.4bn.
A top executive at Wells Fargo has been fired for inappropriate communication with a former colleague who had previously been let go, the company said, marking the latest leadership turmoil at the scandal-hit US bank.
Diageo, the UK-based producer of Johnnie Walker scotch and Smirnoff vodka, said on Friday that it filed suit this week in the UK High Court against Vijay Mallya, the Indian tycoon and founder of Diageo’s Indian subsidiary, United Spirits.
Germany‘s top central banker has set out the preconditions for a European scheme of common deposit insurance, saying such an idea should not become practice unless there was a way to stop banks from holding too much of their home country’s sovereign debt.
Foot Locker shares surged by more than a fifth in pre-market trading on Friday after the athletic footwear chain said third quarter sales had held up better than feared, and that an upcoming slate of new high-end products should give a boost to business ahead of the important holiday shopping season.