Societe Generale on Thursday reported a sharp decline in fourth-quarter net profit on the back of weaker net banking income, but launched a new 280 million euro ($302 million) share buyback program. The French lender posted a group net income of 430 million euros, slightly above a consensus analyst forecast of 404 million euros, according […]
Societe Generale posts sharp profit drop as net banking income slides Read More »
PARIS — Kering posted better-than-expected sales in the fourth quarter as revenues grew in Asia-Pacific and Japan, but it warned that its ongoing investments in turning around its key brands would continue to weigh on results in 2024. The French luxury group said revenues in the three months to Dec. 31 fell 6 percent at
Kering Group Revenues Fall 6% in Q4 2023, CEO Flags Further Losses Read More »
PARIS – French luxury skin care brand Cible Skin has received significant minority investment from Verlinvest. Financial terms of the deal were not disclosed. The investment was made to help the science-backed skin care brand accelerate growth across markets such as Europe, China, the U.S. and South America, as well as to develop new products and
EXCLUSIVE: Cible Skin Gets Verlinvest Investment Read More »
Meeting with the media two hours before tipoff Wednesday night, Clippers coach Tyronn Lue said it would not be a letdown if his team lost to New Orleans. After all, this is the NBA. “You can lose to anyone at any time,” he said. Los Angeles was unable to overcame a lackluster defensive effort and
After successful trip, Clippers stumble at home and lose to Pelicans Read More »
Going on the road as the No. 1 seed in the Southern Section Division 1 basketball playoffs, Sherman Oaks Notre Dame (26-3) needed overtime before prevailing over Crean Lutheran 74-64 on Wednesday night. Mercy Miller came alive in the overtime period and finished with 31 points. The Knights also received two key overtime baskets from
BEIJING — Venture capitalists in China that once rose to fame with giant U.S. IPOs of consumer companies are under pressure to drastically change their strategy. The urgency to adapt their playbook to a newer environment has increased in the last few years with stricter regulations in China as well as the U.S., tensions between
China’s VC playbook is undergoing a sea change as U.S. IPO exits get tougher Read More »
PALO ALTO — They were two short sequences, two moments in a game featuring hundreds. They involved two UCLA reserves who combined to barely play 10 minutes. And they said everything about how the Bruins, once widely dismissed as unworthy of the four letters, continued to unite while prompting a loud “U-C-L-A!” chant from their fans
Complete team effort gives resurgent UCLA a win over Stanford Read More »
In a plot straight out of a political thriller, Sam Bankman-Fried, the notorious crypto-bro, reportedly harbored dreams of ousting Donald Trump from the presidential race and replacing him with none other than NFL legend Tom Brady. The sensational revelations, detailed by Puck, have sent shockwaves through the corridors of power, shedding light on a clandestine
BEIJING — Hainan Airlines this week started letting passengers on some routes use Rokid’s augmented reality glasses for free for in-flight entertainment, the tech startup announced Thursday. Chinese start-up Rokid claimed it’s the first time AR glasses — which allow computer-generated images to be superimposed on the real world — have been used at scale
Hainan Airlines is handing out Rokid AR glasses for in-flight entertainment Read More »
LAS VEGAS — As he navigated the sprawling aisles of audio and video setups in the Super Bowl media center’s Radio Row, Puka Nacua moved as if he was exploring a new pass route for the Rams. Nacua, a finalist for NFL’s rookie offensive player of the year award, spent much of Wednesday doing interviews,
Rams' Puka Nacua is super excited to be at Super Bowl but can he win rookie award? Read More »
