Michael Kors founder selling entire stake
Michael Kors founding shareholder, Sportswear Ltd, is to sell its entire stake in the designer clothing and handbags retail business for about $890 million,...
Greece announces tax cuts
Greece announces tax cuts on heating oil and income. Tax on heating oil will be reduced by 30%, says Prime Minister Antonis Samaras. The...
What of the Export-Import Bank’s fate?
The Export-Import Bank of the United States, the country’s official export credit agency whose aim is to make sure American companies of all sizes...
Laura Ashley sales up 4.9% in H1 2014
Laura Ashley sales increased by 4.9% in the first half of the year (26 weeks to July 26) to ₤144 million, compared to ₤137.3...
Canada’s trade surplus widens in July
Canada’s trade surplus widened to $2.6 billion in July from $1.8 billion in June as exports rose +1.4% and imports declined by -0.3%, according...
Family Dollar rejects Dollar General despite improved offer
Family Dollar rejects Dollar General despite an improved takeover offer of $9.1 billion, citing antitrust concerns. Dollar General increased its bid to $80 per...
Barclays Biometric Reader scans the veins in your finger
The Barclays Biometric Reader that uses finger vein authentication technology has been launched in the UK. Customers can easily access their online bank accounts...
US wealth gap widens, says Fed
The US wealth gap has widened, says the Federal Reserve in a new report, with the richest Americans enjoying 10% pre-tax income gains during...
US labor productivity improved 2.3 percent in Q2 2014
In the second quarter, US labor productivity improved by 2.3%, says the Bureau of Labor Statistics, part of the Department of Labor. Hours worked...
ECB slashes rates to spur growth
The ECB slashes rates, surprising analysts, to bolster economic growth and prevent a Eurozone slide into a deflationary spiral. The ECB Governing Council reduced...