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Credit Suisse turnaround runs out of steam with markets loss

Credit suisse turnaround runs out of steam with markets loss copy

Bloomberg Credit Suisse Group AG’s turnaround is running out of steam just as the bank enters the final stretch of its overhaul. Revenue and net income missed estimates in the third quarter, and the Global Markets business — one of the most difficult challenges of Chief Executive Officer Tidjane Thiam’s three-year tenure — posted an unexpected loss. The bank is ...

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Alitalia attracts EasyJet, Delta bids in new attempt at sale

Gentiloni 'worried, disappointed' about alitalia

Bloomberg Italy’s Alitalia SpA attracted bids from European discounter EasyJet Plc and US giant Delta Air Lines Inc., as the government renews attempts to sell the bankrupt flag-carrier. UK-based EasyJet said in a statement that it submitted a revised expression of interest in Alitalia, while Delta also presented a proposal. Italian state railway company Ferrovie dello Stato said it also ...

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Coty cuts deal with Alibaba to court Chinese shoppers

Top dc coty copy

Bloomberg Coty Inc. wants to get closer to valuable Chinese consumers of cosmetics, hair care and fragrances, and will do so through a partnership with Alibaba Group Holding Ltd. The beauty company and online giant are teaming up on interactive vending machines in malls of major Chinese cities, as well as on initiatives with beauty and hair salons, and lets ...

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