For Net-a-Porter, a London-based e-tailer of luxury-brand women’s wear, the Great Recession wasn’t even a speed bump. “We actually outperformed our own business plan
As questions swirled around its accounting practices, Tyco International, an industrial and services conglomerate with $36 billion in annual revenues–and a beaten-down stock price–said last week it would split into four companies in a bid to “unlock tens of billions of dollars of shareholder value.” The company’s combative CEO, Dennis Kozlowski, predicted the breakup would add 50% to the stock price. Going him one better, Don MacDougall of J.P.
New Delhi will adopt “quiet diplomacy” to find a solution to the problem of Indian-administered Kashmir, India’s home minister said.
Turkey’s government slapped manufacturing and media giant Dogan Holding with a massive $2.53 billion fine for unpaid taxes, the conglomerate reported.