Also in that month:
Why Unilever Really Bought Dollar Shave ClubBloombergDollar Shave Club hit the jackpot when Unilever agreed to buy the online men's razor merchant for $1 billion. Other e-commerce startups such as Birchbox and Stitch Fix can't necessarily expect their own suitor to sweep in with such sweet deals.
Microsoft, Morgan Stanley lift Dow, S&P to recordsReutersU.S. stocks rose on Wednesday, with the Dow and the S&P 500 hitting fresh records, as Microsoft's strong results boosted optimism regarding the health of quarterly earnings. Also helping stocks was a reversal in oil prices, with Brent crude up nearly 1 ...
Wall Street Journal
Luke Ellis, the New Man in Charge at Man GroupWall Street JournalFor Luke Ellis, the top job at the world's largest listed hedge-fund firm has been a long time coming. Mr. Ellis will replace longtime friend Manny Roman at the helm of Man Group MNGPY 0.00 % PLC, which manages $78.6 billion in assets, later this year.
Abbott sales beat on higher demand for medical devicesReutersAbbott Laboratories reported a better-than-expected 3.2 percent rise in quarterly sales, helped by strength in its medical device business. Sales in the medical device division rose 6.4 percent to $1.37 billion in the second quarter, driven primarily ... |