Investment Management
* Boxers and bras may be next on the shopping list for private-equity buyers with Hanesbrands Inc. offering one of the cheapest valuations in the retail industry. * The underwear maker’s $6.2 billion market value is 12 times its free cash flow from the past year, lower than all but two similar-sized U.S. apparel companies, […]
* What car company’s stock has risen the most — fivefold — since the beginning of 2012? Besides Tesla Motors Inc. It’s Fuji Heavy Industries Ltd., maker of Subaru. * Profits and sales are heading toward records after the company benefited more than most Japanese carmakers from the weakening of the yen and as new […]
* Prada SpA’s first-half sales growth fell to a third of last year’s as China luxury demand cooled amid a slowdown in the world’s second-largest economy. * Prada’s revenue rose 12 percent to 1.73 billion euros ($2.3 billion) in the six months through July, the Milan-based company said yesterday in a statement. The growth slowed […]
* Japan’s top listed companies doubled earnings last quarter from a year earlier, exceeding already high forecasts and generating momentum for the economic recovery effort of Prime Minister Shinzo Abe. * With almost all of the Nikkei 225 Stock Average companies reporting, profit surged 103 percent and beat analyst estimates by 16 percent, the most […]
* Daimler AG’s Smart brand plans to introduce more models and expand its sales network in China in a bid to boost sales in the world’s biggest auto market. * The carmaker aims to bring to China an electric version of its two-seater Smart Fortwo and a new four-seater being developed with Renault SA, head […]
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