Logitech International SA’s Guerrino De Luca has taken back the position of chief executive officer, a role he held for 10 years, after the world’s biggest maker of computer mice lost more than four-fifths of its value since he quit the job to become chairman.
Logitech International SA dropped as much as 13 percent in Zurich trading after the company cut profit forecasts for a second time in two months, putting pressure on interim Chief Executive Officer Guerrino De Luca to find a successor.
Brazil is set to break the $1.1 billion record from auctioning oil exploration licenses in the first round since 2008 that offers areas on land and in deep waters, said the head of the Brazilian Oil Institute.
Logitech International SA, the world’s biggest maker of computer mice, dropped the most in nine months in Zurich trading after cutting full-year forecasts for the third time, citing the weaker euro and declining sales.
Logitech International SA jumped the most in more than four years as earnings beat estimates and the world’s biggest maker of computer mice announced measures including job cuts to save about $80 million a year.
Logitech International SA rose the most in four years in Zurich trading after the world’s biggest maker of computer mice confirmed its forecasts following three profit warnings in the past seven months.
Unipol Gruppo Finanziario SpA’s planned rescue of Fondiaria-SAI SpA, Italy’s second-biggest insurer, may be delayed after a prosecutor requested the seizure of a 20 percent stake in Fondiaria’s biggest investor.