Virgin Cruises gets massive investment from Bain Capital
Virgin Cruises and Bain Capital LLC have agreed on an investment deal involving hundreds of millions of dollars. The Boston, Massachusetts-based alternative investment firm...
Serco Chairman falls on his sword and steps down
Alastair Lyons, Chairman of Serco Group plc has fallen on his sword, announcing on Monday that he intends to step down as soon as...
Carney urges bankers’ fixed pay and bonus overhaul
Mark Carney, Governor of the Bank of England, says regulations covering bankers’ fixed pay and bonuses need to be overhauled by regulators so that...
House prices fall 1.7% in November as sellers compete, England and Wales
House prices in England and Wales declined by -1.7% in November as sellers compete more fiercely ahead of the quieter winter, says a report...
Japan falls into a recession, GDP fell by 1.6% in third quarter
The Japanese economy fell into a recession in the third quarter, according to government data released on Monday, with gross domestic product falling at...
Algae bloom continues to contaminate Great Lakes drinking water
The algae bloom problem in the Great Lakes continues to be a threat to drinking water in the area. As a result the US...
Actavis offers to acquire Allergan in a deal worth up to $65.5 billion
Allergan Inc. is nearing a deal to be acquired by the Irish company Actavis, which would prevent a hostile takeover by Valiant Pharmaceuticals International....
Did Jean-Claude Juncker help multinationals pay less than 1% tax?
Jean-Claude Juncker, President of the European Commission, should be investigated for alleged claims he encouraged companies avoid tax when he was Luxembourg’s leader, senior...
Eurozone’s economy focus of week to come
All eyes will be on economic data coming out of the Eurozone in the week to come, to see whether business confidence has improved....
Major closures in UK supermarket war to come, warns Waitrose boss
Mark Price, CEO of one the UK’s “challenger” supermarket chains Waitrose, warned that the ‘big four’ retailers may well start closing down stores in...