(Reuters) – Luxury apparel maker Ralph Lauren Corp will cut 15% of its global workforce by the end of its fiscal year in a company-wide restructuring to lower costs and move more of its business online, it said on Tuesday. The...
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Exclusive: U.S. regulator to abandon proposed whistleblower caps, tighter tip deadlines – sources
By Katanga Johnson WASHINGTON (Reuters) – The U.S. securities regulator is poised to walk back a proposal to impose discretionary caps on whistleblower awards and tighten deadlines for formally filing tips when it votes to overhaul...
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Two Senate Democrats want FAA to release data on Boeing 737 MAX review
(Reuters) – Democratic Senators Richard Blumenthal and Ed Markey called on the Federal Aviation Administration (FAA) to make public all data and information used to justify the Boeing <BA.N> MAX’s return to service and...
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Oil rises on expectations demand can survive new lockdowns
By Bozorgmehr Sharafedin LONDON (Reuters) – Oil prices rose on Tuesday as analysts took the view that renewed lockdown restrictions would have only a limited impact on fuel demand, partly reversing a steep drop in prices the...
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U.S. existing home sales near 14-year high in August
WASHINGTON (Reuters) – U.S. home sales surged to their highest level in nearly 14 years in August as the housing market continued to outperform the broad economy, though record home prices could be an obstacle for first-time buyers....
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French presidential palace requested LVMH letter: sources
PARIS (Reuters) – France’s presidential palace asked Foreign Minister Jean-Yves Le Drian to send luxury goods company LVMH <LVMH.PA> a letter advising it to defer its acquisition of U.S. jeweller Tiffany, two sources...
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