By Linda Pasquini
(Reuters) -Shares in Hugo Boss slumped nearly 10% on Thursday, hitting their lowest level since 2022 after the premium apparel brand flagged weaker demand in China and concern about U.S. consumer sentiment ahead of the presidential election.
The German fashion house is on an expansion mission, increasing marketing spend and opening 102 new points of sale in 2023, but its shares have fallen this year as it warned of slower... (continue reading...)
By Mike Scarcella
(Reuters) - Airline parts manufacturer Spirit AeroSystems has asked a U.S. judge to block a probe by Texas Attorney General Ken Paxton, calling the state's demand for internal documents and other information unreasonable and unlawful.
Spirit Aero filed the lawsuit Wednesday night in an Austin, Texas, federal court. It said Spirit Aero had significant legal concerns with the investigation that Paxton's office announced in... (continue reading...)
(Reuters) - Altruist said on Thursday it had raised fresh capital in a funding round that gave the custodian for registered investment advisors (RIAs) a valuation of more than $1.5 billion.
It raised $169 million in a series E funding round led by investment firm ICONIQ Growth, taking its total fund raised so far to more than $450 million. Granite Capital Management was the new investor.
WHY IT'S IMPORTANT
The funding comes... (continue reading...)
By Nidal al-Mughrabi and Maya Gebeily
CAIRO/BEIRUT (Reuters) - Palestinians may be gratified to see American university campuses erupt in outrage over Israel's offensive in Gaza, but some in the embattled enclave are also wondering why no similar protests have hit the Arab countries they long viewed as allies.
Demonstrations have rocked U.S. universities this week, with confrontations between students, counter protesters and police, but... (continue reading...)
By Stephen Nellis
(Reuters) - Oracle on Thursday released an update to its database technology intended to make it more useful with artificial intelligence technology.
The update, which is called Oracle Database 23ai, introduces technology that will make it easier for chatbots and other new AI systems to find data stored in corporate systems. Using what is called "vector search" technology, the new Oracle database can be searched by... (continue reading...)
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