Coty’s shares fell 6 percent in early trading after the widely expected deal, while P&G was up 0.6 percent. In a tax-efficient deal designed as a “Reverse Morris Trust” transaction, P&G will separate 43 of its cosmetics, fragrance and haircare brands and fold them into Coty. The deal is a game-changer for Coty as it adds popular brands such as Wella and Clairol hair color products and Cover Girl and
“The potential trifecta of shocks from Greece, Puerto Rico, and China all occurring at once…the potential sell off might give us an opportunity,” said Jimmy Lee, CEO of Wealth Consulting Group
Greece’s government is racing to finalize a plan of reforms for its third bailout, hoping this time the proposal will meet with approval from its European partners and stave off a potentially catastrophic …
A significant drop in the long-run interest-rate level that marks a sweet spot for a healthy U.S. economy is making it harder for the Federal Reserve to do its job, a top policymaker said on Thursday. Fiscal authorities can ease this problem by issuing more debt, Minneapolis Fed President Narayana Kocherlakota said in remarks prepared for delivery in Frankfurt. Doing so would push up the so-called long-run neutral real interest
EU antitrust regulators accused MasterCard on Thursday of over-charging non-European cardholders to process their purchases in Europe, the second time the EU has taken on the world’s No. 2 credit and debit card network. The latest move by the European Commission came after a two-year long investigation and is part of its efforts to trim such fees and boost cross-border trade. MasterCard capped its cross-border interchange fees, which are levied
Ariana Grande might have penned a lengthy apology and explanation for her “I hate America” comment and donut-licking activities, but there are two people who have something to say about…
Looks like blondes blues have more fun. After boldly dying her hair bubblegum pink just last month, Kelly Ripa is parting ways with the rosy locks (which had almost faded back to her…
Khloé Kardashian continues to fuel those romance rumors with NBA star James Harden! The alleged couple hit up Los Angeles’ Cycle House together, where they probably got their…
We’ve gotten a glimpse into the beginning of Princess Charlotte’s christening July 5, but now we have the official portraits—and they’re gorgeous! Shot by Mario…
When Paris Hilton fell for Thomas Gross, she fell hard—and fast. Two months after the hotel heiress was first linked to the businessman, Paris, 34, posted a black and white picture…
