LONDON (AP) — American fashion brand Michael Kors has bought luxury shoemaker Jimmy Choo in a deal worth $1.35 billion (896 million pounds).
Kors says that London-listed Jimmy Choo is “the ideal partner” that will be bolstered with further development of its online presence. Jimmy Choo CEO Pierre Dennis will stay in his job. Creative Director Sandra Choi will also stay to lead creative and design teams.
WASHINGTON (AP) — Republican leaders are steering the Senate toward a crucial vote on their bill eviscerating much of President Barack Obama’s health care law, buoyed by the near theatrical return to the Capitol of the ailing Sen. John McCain.
No stranger to heroic episodes, the Navy pilot who persevered through five years of captivity during the Vietnam War announced through his office that he would be back in Washington for the critical roll call on beginning debate on the legislation. The 80-year-old has been at home in Arizona since he revealed last week that he’s undergoing treatment for brain cancer, but a one-sentence statement said he “looks forward” to returning for work on health care and other legislation.
SYDNEY (AP) — A Sydney lawyer announced on Tuesday a class action lawsuit against Toyota, Honda and Mazda seeking refunds for cars fitted with faulty air bags from Takata that have been linked to 18 deaths around the world.
Lawyer Damian Scattini said the Federal Court action seeks refunds based on an Australian consumer law that entitles consumers to refunds if a product has a fault that makes it unsafe and the problem cannot be rectified within a reasonable time.
HENDERSON, Nev. (AP) — A vintage single-engine British-built military jet crashed and burned in the desert just after takeoff from a suburban Las Vegas-area airport, but authorities said the pilot escaped serious injury.
The pilot was the only person aboard the Strikemaster jet when it crashed just before noon Monday about a half-mile (0.8 kilometers) south of Henderson Executive Airport, according to police, fire, airport and Federal Aviation Administration officials.
BERLIN (AP) — A survey shows that business confidence in Germany has risen to another record high as managers’ view of both their outlook and their current situation brightens.
The Ifo institute said Tuesday that its monthly confidence index was up to 116.0 points for July from 115.2 in June, the previous record.
The Ifo’s index is calculated on the basis of firms’ views of both the current situation and the outlook for the next six months. Both elements rose in July.
SAN FRANCISCO (AP) — Gov. Jerry Brown is set to sign legislation Tuesday keeping alive California’s signature initiative to fight global warming, which puts a cap and a price on climate-changing emissions.
The Democratic governor will be joined by his celebrity predecessor, Arnold Schwarzenegger, who signed the 2006 bill that led to the creation of the nation’s only cap and trade system to reduce greenhouse gases.
CANTON, Miss. (AP) — A bid by workers at Mississippi’s Nissan Motor Co. plant for United Auto Workers representation could turn on a key voting bloc — 1,500 workers who are Nissan employees today, but were initially hired through contract labor agencies.
Those workers say they make less than longtime Nissan employees and have worse benefits, and UAW supporters say that’s a disparity they’d like to address through contract negotiations.
CHICAGO (AP) — The tailored, slate-gray suit, the scarlet and gray power tie, the blacked-out chronograph on his wrist — if you didn’t know Urban Meyer was the football coach at Ohio State, your first guess would be a Fortune 500 CEO.
That’s hardly a coincidence.
After five seasons in Columbus, Meyer has the Buckeyes running as smoothly as any business enterprise in the land. He’s won a third national championship there (to go along with two from Florida), a conference title and two division titles, and Ohio State is favored to return to the top of the Big Ten heap and compete for another college football crown.
SEOUL, South Korea (AP) — South Korea’s new leadership has promised to help many left behind as the country grew prosperous, laying out a new five-year economic plan that promises to boost incomes and improve the country’s sagging social safety net.
The labor-friendly economic blueprint released Tuesday by the finance ministry is aimed at addressing mounting concern over growing inequality. It calls for sharply increasing the minimum wage and unemployment benefits and imposing bigger fines for unfair business practices.
TOKYO (AP) — Share benchmarks rose in Europe early Tuesday, buoyed by reports showing an improved economic outlook, as investors awaited a slew of corporate earnings reports. A meeting of the Federal Reserve and caution over potential twists and turns in U.S. politics kept most indexes trading within a narrow range.
KEEPING SCORE: Germany’s DAX climbed 0.4 percent to 12,252.08 and the CAC 40 of France added 0.7 percent to 5,161.01. The FTSE 100 of Britain jumped 0.9 percent to 7,440.91. Shares looked set to drift higher on Wall Street, with Dow futures unchanged and S&P futures up 0.03 percent.
YOUNGSTOWN, Ohio (AP) — President Donald Trump is scheduled to visit Ohio on Tuesday as the U.S. Senate will vote on whether to open debate on legislation to repeal and replace former President Barack Obama’s health care law.
Ohioans have mixed feelings about Republicans’ efforts.
Some who rely on government assistance say they’re having trouble sleeping at night because they’re worried about their medical expenses. Others are hopeful the Republican plan will make things more affordable for them.
NEW YORK (AP) — The National Transportation Safety Board is scheduled to meet and detail a probe into a 2015 crash between a commuter train and an SUV that killed six people in the New York suburbs, a day after a U.S. official told The Associated Press that investigators determined the crash was extra deadly because of an unusual rail design.
The NTSB is scheduled to meet Tuesday in Washington, where a final report of the February 2015 crash is expected to be presented.
WASHINGTON (AP) — At the twilight of a storied career and battling a brain tumor, Sen. John McCain stands poised to deliver for his party and his president on the issue that’s defined the GOP for the past seven years.
It’s a situation heavy with drama and symbolism. The 80-year-old Arizona senator will return to Washington just days after a cancer diagnosis, to cast what could be the deciding vote Tuesday to open debate on legislation to repeal and replace “Obamacare.”
RICHMOND, Calif. (AP) — Chevron Corp. and state regulators have reached a settlement related to a 2012 fire at its Richmond refinery that will require the company to spend about $20 million on safety improvements, officials announced Monday.
The agreement requires Chevron to replace all carbon steel piping that transports corrosive liquids with chrome-alloy piping, which is better at resisting corrosion. Chevron will also have to implement procedures to monitor equipment that alerts operators when replacements are needed, Cal/OSHA, the state’s workplace safety agency, said in a statement.
SEOUL, South Korea (AP) — South Korea’s new administration is shifting gears to achieve a fair and labor-friendly economy after decades of export-driven growth led by big businesses left many behind in economic prosperity.
In a five-year economic plan released Tuesday, the finance ministry said South Korea will boost household incomes and fortify its social safety net to address growing concerns about inequality. Under the plan, South Korea plans to sharply increase the minimum wages and unemployment benefits and impose bigger fines for unfair business practices, among other measures.