Lloyds shares to be sold, says HM Treasury
The Chancellor George Osborne announced on Wednesday that more Lloyds Banking Group shares will be sold to private ownership so that the government can...
Avon China pleads guilty to bribing local officials
Avon China, the Chinese subsidiary of Avon Products Inc., has pleaded guilty to bribing local officials to sell products to the country’s consumers.
The...
FedEx posts weak Q2 earnings, stock plunges
FedEx posted earnings of $2.14 per share, missing market predictions of $2.19. The company reported revenue of $11.90 billion for the quarter, up 4.4%...
Tar sands oil veto attempt fails in European parliamentary vote
Canadian energy companies and the government cheered with joy while green campaigners expressed their dismay after an attempt by a number lawmakers failed to...
Fraud proof credit cards using quantum physics developed in the Netherlands
Using a system based on quantum physics, dubbed Quantum Secure Authentication, it will soon be possible to make credit cards and ID cards fraud proof,...
Husky Energy drastically cuts capital spending for 2015
Calgary-based Husky Energy Inc. announced on Wednesday that its capital spending plans for 2015 will be one third lower than in 2014. It is...
Petrol below £1 is highly likely, says RAC
The RAC is betting on petrol soon falling to below £1 per litre as global oil prices, which have declined by over 44% since...
iTunes antitrust case goes Apple’s way
The nearly decade-long antitrust case went Apple’s way on Tuesday when an 8-member jury in Oakland, California decided after just three hours that the...
UK unemployment fell 63,000 in October, earnings up 1.6%
Unemployment in the United Kingdom declined by 63,000 to 1.96 million in the Aug-Oct quarter, the Office for National Statistics (ONS) announced on Wednesday....
Wonga caps loans at 0.8% per day, at FCA’s top limit
Wonga has capped its loans at 0.8% per day from 1%, which is the top rate the FCA’s new rules, which come into effect...