Renee Cordes is The Deal’s correspondent in Brussels, covering competition and other areas of EU regulation as well as corporate news. Her company beats range from banks to beer, as well as food and fashion retail for The Deal and The Street. She also does regular studio interviews and video reports posted on both sites. A Chicago native, Cordes has worked as a business journalist in Europe for more than 15 years at media organizations such as the European Voice in Brussels, Bloomberg News in Frankfurt, and startup business publications in post-Communist Hungary and Poland. She is a graduate of Northwestern University's Medill School of Journalism.
The Leuven, Belgium-based buyer of SABMiller plans to trim 3% of its enlarged workforce, which it says will be phased in gradually.
The discount retailer continues to expect diluted earnings per share to fall by 10% to 15% in fiscal 2016.
CEO Edward Lampert insists the company is making progress in its transformation.
The U.S. Treasury Department accused Brussels of undermining a joint tax avoidance clampdown.
Monster's largest shareholder opposes a sale to the Dutch staffing agency, as two shareholder litigation groups also question the move.
Revenue is hurt by the global farm recession and tough conditions in building equipment markets.
The St. Louis-based company agreed to buy Pentair's valves and controls unit, weeks after announcing $5.2 billion in disposals.
Organic growth was strongest in the Americas, though deflationary pressures were a drag on pricing in North America.
The exchange tie-up is still subject to several closing conditions, including clearance by the European Commission in Brussels.
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