LVMH calls Tiffany's prospects 'dismal' as war of words escalates

LVMH calls Tiffany's prospects 'dismal' as war of words escalates

PARIS/NEW YORK (Reuters) – A war of words between LVMH and Tiffany escalated on Tuesday with the French group describing Tiffany’s prospects as “dismal” and the U.S. jeweller accusing LVMH of improperly trying to renegotiate a takeover deal.
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Ironwood puts GERD hopeful on the chopping block, along with 100 staffers after flop

Ironwood had once hyped this drug as a $2 billion-a-year asset, but IW-3718 has failed to live up to its high expectations, failing a phase 3 program and thrown out onto the garbage pile. Things looked shaky three years ago when the drug, then in midstage …
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Coca-Cola partners with Molson Coors for US launch of Topo Chico Hard Seltzer

Coca-Cola is partnering with Molson Coors for the U.S. launch of Topo Chico Hard Seltzer. Molson Coors has been trying to move beyond beer as consumption has fallen and even dropped “Brewing” from its name at the start of the year. The U.S. launch of …
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Chicago e-commerce startup ShipBob gets $68 million to fund expansion

ShipBob, a Chicago-based e-commerce logistics company, raised $68 million to fund an expansion amid a pandemic-fueled boom in online shopping. The company aims to help businesses that are a fraction of Amazon’s size ship products to customers at …
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Oil edges higher, but fears about coronavirus-fueled hit to demand weigh

Crude-oil futures on Monday were edging modestly higher, reversing some earlier weakness that had been sparked by growing concerns about the impact of rising coronavirus cases throughout the globe. Those concerns were amplified after major energy …
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