Network Rail gets crushing verdict from the Office of Rail Regulation
The UK’s Office of Rail Regulation (ORR) has criticized Network Rail for a string of shortcomings, and expressed concern at the reliability of some...
UK public sector borrowing fell 2.4 percent in October
UK public sector borrowing requirement, excluding state-owned banks, fell 2.4% in October to £7.706 billion, a £0.2 billion decrease compared to October 2013, offering Chancellor...
ECB ready to expand its asset-purchase programs, Draghi says
Mario Draghi, President of the European Central Bank (ECB) sent the strongest signal yet on Friday that he is ready to expand the central...
Rolls-Royce wins $5bn contract from Delta Airbus $14bn deal
Rolls-Royce Holdings plc announced a $5 billion contract to supply aero engines after Delta Air Lines confirmed an order for 50 new Airbus aircraft....
UK abandons EU bonus cap challenge
The UK government has decided to abandon its EU bonus challenge, with Chancellor of the Exchequer George Osborne saying the chances of a successful...
Gap cuts earnings forecast, appoints new brand presidents
Gap Inc downgraded its full-year earnings forecast as sales at the company’s namesake brand continued to decline and demand for its Old Navy clothing...
Hertz Global Holdings Inc appoints John Tague as new CEO
Hertz Global Holdings Inc has appointed John Tague as its new chief executive officer.
Tague, former chief operating officer of United Airlines Inc, will also...
New Media Investment Group to acquire Halifax Media Group for $280 million in cash
New Media Investment Group announced it will be acquiring substantially all of the assets of Halifax Media Group for $280 million in cash, including...
GameStop profit misses estimates, shares down by 11 percent
GameStop shares dropped Thursday after the Texas based company posted third-quarter profit below expectations, in addition to downgrading its outlook for the fiscal year....
Dow and S&P 500 close at record highs as US economy outweighs slump in...
Stocks edged higher on Thursday, with the Dow and S&P 500 closing at new records. The increase was fueled by optimism that the U.S....