Global Glance: Putin calls to improve EU relations, Revlon to buy Elizabeth Arden

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Here are today’s top business headlines from across the nation and world:

Putin calls to improve ties with the EU despite sanctions

PETERSBURG, Russia (AP) — Russian President Vladimir Putin called on European leaders on Friday to improve ties with his country despite sanctions after meeting with European investors who said they want to expand their businesses there. Speaking at Russia’s top economic conference, Putin said top German and French investors expressed their plans to invest more in Russia despite the weight of the sanctions. Read more


Revlon to buy Elizabeth Arden for $419 million

NEW YORK (AP) — Revlon Inc. said Thursday it is buying Elizabeth Arden Inc. for about $419.3 million in cash, a deal uniting two well-known names in the world of beauty and cosmetics. The New York company is paying $14 for each Elizabeth Arden share, a premium of 50 percent over their closing price Thursday. The companies value the deal at $870 million including debt. Read more


Philadelphia is 1st major American city with soda tax

PHILADELPHIA (AP) — Philadelphia became the first major American city with a soda tax on Thursday despite a multimillion-dollar campaign by the beverage industry to block it. The City Council gave final approval to a 1.5 cent-per-ounce tax on sugary and diet beverages. The tax is set to take effect Jan. 1. Read more


UK mourns Jo Cox as group says suspect had far-right ties

BIRSTALL, England (AP) — Campaigning in Britain’s European Union membership referendum was at a halt and normal political life was suspended Friday as the country absorbed the daylight slaying of lawmaker Jo Cox with shock – and worry that the political fury unleashed by the EU campaign was somehow connected to the killing. Read more


No food, no teachers, violence in failing Venezuela schools

CARACAS, Venezuela (AP) — The soaring crime and economic chaos stalking Venezuela is also ripping apart a once up-and-coming school system, robbing poor students such as Maria of any chance at a better life. Officially, Venezuela has canceled 16 school days since December, including Friday classes because of an energy crisis. In reality, Venezuelan children have missed an average of 40 percent of class time, a parent group estimates, as a third of teachers skip work on any given day to wait in food lines. Read more


U.S. home construction down slightly in May

WASHINGTON (AP) — Construction of new homes nudged down slightly in May, with builders pulling back in the Northeast and Midwest. Housing starts ticked down 0.3 percent to a seasonally adjusted annual rate of 1.16 million units, the Commerce Department said Friday. Read more


Ford cuts week off SUV plant shutdown to handle sales rise

DEARBORN, Michigan (AP) — Ford is knocking a week off the traditional two-week summer shutdown at three SUV plants to handle increased demand. The company says it will use the extra week of production to make another 22,000 SUVs at factories in Louisville, Kentucky; Oakville, Ontario, and Chicago. Read more


Somber times in tourist haven after nightclub massacre

ORLANDO, Fla. (AP) — After days of turmoil in a city that’s supposed to be a happy paradise for tourists, residents paused with the president and vice president to mourn victims of the horrific massacre at a gay nightclub. Read more

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