LVMH Tiffany deal collapses in row over blamed blame
The luxury group LVMH abandons a 14.5 billion takeover of Tiffany & Co after Paris cites a U.S. tariff delay. Tiffany sues to enforce the deal while LVMH counters with legal action claims of mismanagement amid a virus driven crisis. Century 21 Files for Chapter 11 as insurers withhold roughly 175 million, closing 13 stores across four states.
MENTIONED IN THIS ARTICLE
LVMH
U.S
Tiffany & Co
Tiffany
Christian Dior
Louis Vuitton
Moet & Chandon
Bulgari
Sephora
Century 21
New York
New Jersey
Pennsylvania
Florida
Manhattan
Mask material shortages strain U S medical supply chain
Fresno report notes shortages of N95 respirators and meltblown textile key to masks. Officials from White House, FDA, AMA, and hospital groups say supplies remain tight despite assurances. Manufacturers warn of uncertain demand and lack of guaranteed future purchases, hindering long term investment.
MENTIONED IN THIS ARTICLE
Fresno
Calif
White House
U.S
Food and Drug Administration
New York
American Medical Association
Susan Bailey
Mike Schiller
American Hospital Association
Associated Press
Trump
Centers For Disease Control and Prevention
Peter Navarro
FDA
Mike Clark
Hollingsworth and Vase
East Walpole
Massachusetts
Hollingsworth and
Vose
ECB to sustain stimulus as pandemic weighs on economy
The European Central Bank will keep its emergency bond buying and low rates through mid-2021, with ample stimulus seen as necessary. Lagarde warned recovery depends on containment efforts and noted renewed euro strength could affect exports as infections rise across Europe.
MENTIONED IN THIS ARTICLE
Frankfurt
Germany
European Central Bank
Federal Reserve
ECB
Christine Lagarde
Spain
Italy
France
Europe
Lagarde
Fed
Fraser to become Citi's first female CEO
Citi names Jane Fraser to succeed Michael Corbat as CEO in February making her the first woman to lead a major Wall Street bank. Fraser, 16 years with Citi, heads global consumer banking and oversees credit cards and Latin American operations while the economy tests recovery post pandemic.
MENTIONED IN THIS ARTICLE
New York
Citigroup
Jane Fraser
Wall Street
Michael Corbat
Fraser
Citi
Jpmorgan Chase
Jamie Dimon
Marianne Lake
Jennifer Piepszak
Corbat
U.S
Federal Reserve
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Paris
Washington
Labor Department
The
Seattle
Gerardo Villalobos
Associated
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