Coty Says It Will Switch CEOs, Again

Coty Chief Executive Pierre Laubies will leave less than two years after taking over at the beauty and fragrance giant, to be succeeded by the CEO of the Jimmy Choo luxury shoe label.

 
Big Lots Shares Fall on 4Q Miss, Affect of Covid-19

Big Lots reported earnings that missed analysts' expectations and said its first-quarter guidance will be affected by Covid-19.

 
Wayfair Copied Amazon to Grow Fast. Now, It Searches for Profits

Wayfair is trying to show investors it can moderate its losses as revenue growth slows and investor appetite for unprofitable companies dries up. The online furniture seller lost $330 million in the past quarter.

 
London Stock Exchange's Future Depends on Brussels

Investors may be too relaxed about two European Union decisions that are crucial to the company's growth plans.

 
Past Strains Between Boeing, FAA Threaten MAX Simulator Plans

Plans to mandate simulator training for pilots before the grounded jet can return to service-a time-consuming and costly undertaking-could face a further complication: friction between the plane maker and U.S. officials.

 
Huawei Seeks Advisers for U.S. Image Makeover

Under fire from the Trump administration, China's Huawei Technologies has approached high-profile figures in Washington to try to turn around negative perceptions of the company.

 
Blackstone Offers Sweetener to Early Life Sciences Fund Investors

Blackstone Group offered sweeteners for investors committing early to its new life sciences fund, which the firm aims to make almost four times as large as its predecessor.

 
BASF Warns of Coronavirus Impact

BASF said net profit fell to EUR150 million for the fourth quarter while sales also declined and it warned of the negative effects of the coronavirus for the current year.

 
UBS CEO Sees Pay Cut After Bank Misses Key Targets

UBS outgoing Chief Executive Sergio Ermotti received a pay cut last year after the bank cut its midterm targets and was slapped with a hefty fine related to a French tax-evasion case

 
IAG, EasyJet Warn on Coronavirus Hit to European Demand

British Airways-owner International Consolidated Airlines and budget carrier EasyJet warned the spreading coronavirus epidemic was hurting customer demand and forcing them to cut routes and abandon profit guidance for the year.

(END) Dow Jones Newswires

February 28, 2020 11:15 ET (16:15 GMT)

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