Author: Reuters

Activist investor William Ackman’s Pershing Square Capital Management has acquired a 3.7 percent stake in hotel operator Hilton Worldwide Holdings, the fund said on...

ScS Group Plc said on Thursday it would stop selling made-to-order sofas, furniture and flooring at stores operated by collapsed British departmental store group House of Fraser, by the end of...

WPP cut its full-year sales and margin outlook as the advertising group’s major creative agencies fell behind rivals in North America and Britain, forcing new boss Mark Read to embark on a radical...

Cash-strapped Chinese conglomerate HNA Group has put up for sale its luxurious $300-million-plus Boeing 787 corporate “Dream Jet” with registration “2-DEER”, say six aviation industry sources familiar...

Daimler Chief Executive Dieter Zetsche on Thursday said customer demand remains strong even as a regulatory crackdown on diesel cars and a 13 percent sales slowdown for Mercedes-Benz cars in Germany weighed on third-quarter...