News

Andy Haste, Wonga CEO

Wonga interim CEO leaves after just six months

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Wonga.com, the trading name of WDFC UK Limited, says its interim CEO Tim Weller has stepped down just six months after taking over following...
Best Buy Logo

Best Buy net income nearly doubles to $107 million in third quarter

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American multinational consumer electronics corporation Best Buy Co. Inc. posted net income of $107 million in the third quarter compared to $54 million in...
University of Zurich

Bankers are not born dishonest, banking makes them so

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Bankers are not inherently dishonest, they are not born that way. However, they work in a culture than encourages them to behave dishonestly, says...
INEOS Group Ltd.

Ineos to announce giant shale gas plan for UK

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Multinational chemicals company Ineos Group Limited is about to announce a $1 billion investment plan to explore and produce shale gas in the United...
UK

UK car production fell 6.7 percent in October

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UK car production declined by -6.7% in October to 150,060 units compared to September, the Society of Motor Manufacturers and Traders (SMMT) announced on...

UK banker bonus cap complaint rejected by European Union’s Advocate General

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The EU’s Advocate General Niilo Jääskinen has recommended that the court should uphold the cap on bankers’ bonuses following a complaint by the United...
RBS computer failure

RBS fined £56m for 2012 computer glitch that left millions stranded

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Royal Bank of Scotland plc (RBS) was fined £56 million by the Financial Conduct Authority and the Prudential Regulation Authority for a software defect...
Tim Hortons Inc.

Tim Hortons to raise the price of coffee and sandwiches next week

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Those who frequent Tim Hortons across Canada can expect to face higher prices next week. The fast casual restaurant is going to be raising the...
TSX

TSX closes flat, energy sector fell by 0.75%

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The Toronto stock market closed flat on Wednesday, following news from the US Fed that it won’t be increasing rates any time soon. The S&P/TSX...
Target Logo

Target Q3 profit beat expectations, US sales up 1.2 percent

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Target Corp announced its first increase in US same-store sales, with quarterly profit ahead of expectations. However, the company will be reviewing the loss...