(Reuters) -Gucci owner Kering is reported to be close to appointing Renault's ex-boss Luca de Meo as its new CEO. According to sources, current Kering chief Francois-Henri Pinault, whose family controls the heavily indebted luxury conglomerate and who has been leading it for 20 years, is mulling splitting the roles of CEO and chairman. The following is a timeline of...

LONDON (Reuters) -News of Renault Chief Executive Luca de Meo's decision to leave the French carmaker and subsequent reports of him being lined up to take charge at luxury goods group Kering has created a stir across their respective sectors. Here's some initial reaction from analysts. KEPLER CHEUVREUX Hiring someone from outside the luxury sector might be seen as risky,...

04:00 AM EDT, 06/16/2025 (MT Newswires) -- Kratos Defense & Security Solutions (KTOS) said Monday it plans to open a new manufacturing plant in Bristow, Oklahoma to produce its GEK line of turbojet engines. The facility is expected to house up to five production lines with an initial yearly production capacity of 500 engines. Occupancy of the facility is expected...

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,...