Investing.com – Saudi Arabia stocks were lower after the close on Sunday, as losses in the Building & Construction, Insurance and Financial Services sectors led shares lower.At the close in Saudi Arabia, the Tadawul All Share fell 0.56% to hit a new 3-months low.The best performers of the session on the Tadawul All Share were AL-BABTAIN POWER &TELECOM CO (TADAWUL:2320), which rose 9.98% ...
(Reuters) - CoverGirl parent Coty (NYSE:COTY) said on Friday it would sell its 20% stake in reality TV star Kim Kardashian’s beauty brand to her clothing line, SKIMS, consolidating the two businesses under a single brand.Coty, which acquired a stake in Kardashian’s beauty business, SKKN, in 2021, said it would use the proceeds from the sale to reduce debt and invest in innovations across its b ...
By David ShepardsonWASHINGTON (Reuters) -Transportation Secretary Sean Duffy will unveil a plan next week to upgrade the aging, under-staffed U.S. air traffic control system next week, he said on Friday.Duffy said earlier this month that he planned to ask Congress for tens of billions of dollars for a multi-year effort to revamp Federal Aviation Administration air traffic control infrastructure, i ...
By Natalia Siniawski and Maximilian HeathBUENOS AIRES (Reuters) -Argentina’s presidential office on Friday said it issued a preventive measure to suspend Telecom (BCBA:TECO2m)’s acquisition of Telefonica (NYSE:TEF)’s local unit, claiming the pending merger could lead to excessive market concentration.Spanish telecoms giant Telefonica said in February it was selling its unit in the country ...