Bloomberg The European Central Bank (ECB) is willing to cut interest rates, resume bond purchases or strengthen its promises to keep borrowing costs low if necessary to battle economic weakness, policy maker Olli Rehn said. “The Governing Council is determined to act and stands ready to adjust all of its instruments, as appropriate,” Rehn, who heads Finland’s central bank, said ...

Bloomberg Hudson’s Bay Co has tried everything to appease shareholders, from cutting costs to selling off assets. None of it has halted the stock’s steady decline, so Chairman Richard Baker is stepping in with a cash bid valued at about C$1.74 billion ($1.31 billion) to take the company private. Baker is teaming up with investors, including Rhone Capital LLC and ...

Bloomberg Chanel Inc has become the latest retail giant to make a public nod towards environmentally conscious products, investing in a “green” chemistry company as part of an effort to make luxury items less damaging to the planet. Both the apparel and cosmetics industries are major sources of waste, and chemicals often used to make fabrics and skincare products — ...