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Ex-CEO among 32 convicted over deadly Genoa bridge collapse

A court in Italy on Thursday sentenced Giovanni Castellucci, the former chief executive of Autostrade per l’Italia (Aspi), Italy’s largest motorway operator, to 12 years in prison over the 2018 collapse of Genoa’s Morandi Bridge. ADVERTISEMENT ADVERTISEMENT The disaster was one of Italy’s deadliest infrastructure failures, claiming 43 lives. Prosecutors…

American mall retailer warns it may close up to 15 more stores this year

Fossil Group plans to close up to 15 stores this year as the watch and accessories company continues trimming its global retail footprint under a broader turnaround plan focused on costs, profitability and balance-sheet strength. Executives for the Richardson, Texas-based company said on Fossil’s first-quarter earnings call that the company…