MILAN, May 5 (Reuters) - Italian fashion group OTB, which owns brands such as Diesel, Jil Sander and Maison Margiela, is assessing the extent of price increases in the United States if trade tariffs are confirmed, the group's CEO said on Monday. European luxury goods companies, including Prada, are evaluating potential price hikes. Last month, Hermes said it would pass...

Cummins Inc ( CMI ) shares traded higher premarket on Tuesday after the company reported first-quarter 2025 results. Sales declined 3% year over year (Y/Y) to $8.17 billion, missing the consensus of $8.19 billion. The Indiana-based company stated that sales in North America declined 1% Y/Y and international revenues fell 5% Y/Y in the quarter. Sales by segments: Components $2.7 billion (-20% Y/Y) Engine $2.8 billion (-5%...

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,...

09:41 AM EDT, 05/05/2025 (MT Newswires) -- CoreWeave ( CRWV ) said Monday that it has completed its acquisition of Weights & Biases. Financial details were not disclosed. CoreWeave ( CRWV ) said it expects the acquisition to boost its ability to drive artificial intelligence innovation, as it plans to offer the AI Cloud Platform, which is intended to help...