MILAN (Reuters) -Prada has struck a deal to buy smaller rival Versace from Capri Holdings in a move to unite two of the biggest names in Italian fashion. The deal has an enterprise value of $1.375 billion, Prada said on Thursday. Prada is seeking to expand, having defied a slowdown in luxury demand, while Versace has been operating at a...

08:30 AM EDT, 04/10/2025 (MT Newswires) -- STMicroelectronics ( STM ) said Thursday it will overhaul its manufacturing network over the next three years, aiming to streamline operations and reduce costs significantly, with up to 2,800 voluntary staff departures expected globally. The restructuring will emphasize investment in next-generation production, including 300mm silicon and 200mm silicon carbide technologies, while boosting automation...

08:32 AM EDT, 04/10/2025 (MT Newswires) -- P10 (PX) said Thursday that its RCP Advisors unit closed its co-investment fund RCPDirect V with total commitments of about $994 million, exceeding its $800 million target. RCPDirect V's limited partners consist of new and existing investors, including family offices, insurance companies and high-net-worth individuals, P10 said. The fund will generally partner with...

SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...