Richemont Hurt by Currencies

Richemont is among luxury companies battling large currency swings and weakening demand in key markets such as Hong Kong.

Uber in Talks for $1 Billion Credit Facility With Banks

Uber Technologies is seeking a $1 billion credit line from banks, people familiar with the matter said.

H-P Says Breakup Will Cost Billions

Hewlett-Packard Co.'s upcoming breakup into two separate companies will cost billions-but there will be $1 billion in cost savings too, the company said Thursday.

Vanguard Natural Resources to Buy Eagle Rock Energy Partners

Vanguard Natural Resources LLC, a U.S. oil-and-gas producer, has agreed to acquire smaller rival Eagle Rock Energy Partners L.P. for $474 million plus debt, the two Houston-based companies said Thursday.

Bank of New York to Pay $180 Million to Settle Forex Suit

Bank of New York said Thursday that it agreed to pay $180 million to settle a foreign exchange-related class-action lawsuit, resolving almost all of its currently pending forex-related actions.

Gap Says Main Unit Has a Ways to Go

Gap Inc. said improvements at its namesake unit might not be visible until next spring as it works through inventory ordered before new leadership was installed. The retailer said profit fell 8% in the latest quarter.

Intuit Results Top Guidance

Intuit, the maker of TurboTax, reported revenue and earnings excluding items above its guidance for the April quarter, reflecting a strong tax season and growth in its small-business operations.

BlackBerry CEO's Compensation Falls

BlackBerry CEO John Chen's compensation dropped significantly in fiscal 2015, largely because he didn't benefit from a grant of restricted shares that he had received in the prior year.

Marvell Technology Revenue Falls 24%

Marvell Technology Group Ltd. posted a sharp decline in its profit for the quarter ended May 2 and said Chief Financial Officer Mike Rashkin will retire, effective Friday.

U.S. Fund Top Nintendo Shareholder

An American mutual-fund company has become Nintendo's largest shareholder, placing a growing bet on signs of a revival in the Japanese videogame company's fortunes.

Murray Energy to Lay Off Around 1,800

Coal miner Murray Energy is set to announce layoffs of around 1,800 workers, dealing another blow to the coal-mining industry in Appalachia.

Cerberus Sells Part of Seibu Stake

U.S. private-equity firm Cerberus Capital Management sold more than $800 million of shares in the Japanese hotel and railway operator.

Huatai's $4.5 Billion IPO Is Second Largest This Year

Chinese brokerage firm Huatai Securities has raised US$4.5 billion in the world's second-largest IPO so far this year.