Espírito Santo Financière SA, another entity of troubled Portuguese conglomerate Espírito Santo International SA that has exposed the country's second largest lender to big losses, has filed for creditor protection in Luxembourg.
Sales at Michael Kors Holdings, a maker of "affordable luxury" handbags, have outpaced competitors for years and its profits have soared. But some on Wall Street worry that the company has expanded too fast and that discounts are rising at department stores
Allergan filed a lawsuit claiming Valeant Pharmaceuticals, investor William Ackman and his firm Pershing Square violated securities laws prohibiting insider trading, among other things, in the companies' ongoing takeover battle.
Fiat shareholders approved a reorganization that opens the way for the Italian car maker that owns Chrysler Group to move its headquarters to the Netherlands, its tax domicile to the U.K. and list its shares in New York.
ArcelorMittal posted its first quarterly profit in two years, reaping benefits from cost cuts in Europe and a resurgence in U.S. steel demand, but warned a sharp drop in iron ore prices would reduce its outlook for full-year earnings.