Calpers appoints Ted Eliopoulos as Chief Investment Officer
The California Public Employees' Retirement System (Calpers) has appointed Ted Eliopoulos as its new Chief Investment Officer (CIO). A chief investment officer is a board-level...
Pier 1 Imports reports poor profit and revenue figures
Pier 1 Imports is yet another retailer to have performed badly. Shares of the company declined by 11% after trading hours on Wednesday. Its...
Tip housekeeping drive annoys Marriott customers
Marriott customers expressed irritation at being encouraged to tip housekeeping staff, saying it is an employer’s job to make sure its workers receive a...
JD Sports profits soar
JD Sports posted a record profit for the first half of the year and improved its full year guidance. The British sports-fashion retail company...
General Mills disappoints in first quarter profit and revenue
General Mills, the maker of Cheerios, Trix, Green Giant vegetables, and Betty Crocker cake mixes, posted disappointing profit and revenue for fiscal Q1 2015...
Inditex sales slip because of strong euro
Inditex SA, the world's largest clothing retailer, has suffered a drop in its first-half profit. Its second quarter gross margin declined to 56.5 percent from 58.9...
FedEx profit rises 24 percent
FedEx profit increased by 24% in the first quarter ending August 31, driven by higher shipment volume in its ground division. The world’s second...
Phones 4U, EE and Vodafone in talks about buying shops
Phones 4U is in talks with EE and Vodafone about buying parts of the mobile phone retailer that went into administration on Monday after...
Bank of England split over interest rates
On September 3-4, the Bank of England decided to hold interest rates, with two members of the Monetary Policy Committee voting to raise the...
Corinthian Colleges deceived and ruined students, lawsuit says
Corinthian Colleges, which promised a better career and financial help for studies, in reality typically gave students jobs that lasted just one day and...