Italy’s highest court cleared fashion designers Domenico Dolce and Stefano Gabbana of tax evasion charges Friday, bringing to an end one of the highest profile tax cases in Italy in recent years.
The travails at Gucci are emblematic of the problems afflicting fashion’s big power houses.
Ericsson’s revenue grew more than expected in the third quarter, but uncertainty about North American operators’ mobile network spending threw a wet blanket over the Swedish company’s earnings.
The company said third-quarter orders in North America had improved by 73% year-over-year.
Microsoft’s sales continue to defy expectations by growing at a much faster clip than those of its business-technology peers.
Digital River said it has agreed to be acquired by an investor group led by Siris Capital Group for $831.5 million in cash.
Dublin-based drug maker Shire raised its earnings guidance after record sales growth, only a week after U.S. peer AbbVie pulled out of a $54 billion takeover.
The spotlight on defective air bags intensified, with one of Germany’s largest auto makers issuing a recall and Honda imposing pay cuts on executives.
Apartment-rental site Airbnb has met with investors to discuss an employee stock sale that would value the apartment-rental site at about $13 billion, according to people familiar with the matter.