PARIS (Reuters) -Shareholders for Gucci owner Kering approved the appointment of Luca de Meo as the group's CEO at its extraordinary shareholder meeting on Tuesday. At the meeting's vote, 98.97% of the shareholders backed de Meo's appointment. De Meo, who was hired from French automaker Renault in June, is taking over the job from Francois-Henri Pinault, who will remain the...

10:27 AM EDT, 09/09/2025 (MT Newswires) -- Chevron ( CVX ) is working to increase natural gas supplies to Egypt, Bloomberg reported Tuesday, citing an interview with Freeman Shaheen, the company's president for global gas, at the Gastech conference in Milan. Chevron ( CVX ), which runs two gas fields in Israel that help meet Egypt's demand, aims to deliver...

10:26 AM EDT, 09/09/2025 (MT Newswires) -- Core & Main ( CNM ) lowered the top end of its full-year sales outlook on Tuesday amid higher operating costs and weak residential demand, while the water, sewer and fire protection product distributor's fiscal second-quarter revenue fell short of market expectations. The company now anticipates sales to be in a range of...

Lululemon Athletica Inc ( LULU ). reported mixed fiscal second-quarter results, with earnings ahead of expectations but revenue slightly below consensus. U.S. comparable sales declined for the first time in years, offset by double-digit international growth. Management trimmed its full-year outlook as tariffs, higher markdowns, and elevated inventories weighed on margins. Following the results, KeyBanc Capital Markets downgraded Lululemon to...