All 120 Austin Reed stores will close by the end of June at the cost of 1,000 jobs, the menswear retailer's administrator said.
Volkswagen profit tumbles 20% in the first three months of 2016 as it continues to grapple with the fallout from the diesel emissions scandal.
The former head of embattled drugmaker Valeant will receive $9m (£6.2m) in severance payment along with thousands of dollars in consulting fees.
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