RBS IT failure to cost millions in huge fine
The Royal Bank of Scotland (RBS) faces a multi-million pound fine from the UK regulator for an IT failure that left tens of thousands...
Canadian manufacturing rises to 11-month high
Canadian manufacturing output reached an 11-month high in October, after falling slightly in September. The RBC Canadian Manufacturing Purchasing Managers' index (PMI) increased to...
LabCorp in $6.1bn acquisition deal with Covance
Laboratory Corp of America Holdings (LabCorp) said it has reached a cash and stock acquisition deal worth $6.1 billion with Covance Inc. The Burlington-based...
HSBC set aside £236m for FX settlement
London-based multinational HSBC Bank plc said on Monday it had set aside £236 million ($377 million) in preparation for fines over alleged manipulation of...
UK’s deteriorating infrastructure hurting business, say EEF and CBI
The UK's deteriorating infrastructure, particularly its ‘crumbling’ road network, is undermining business growth. The Government needs to invest in Britain’s road network, manufacturers’ organizations...
Publicis Groupe to acquire US based Sapient for $3.7 billion
The French advertising company Publicis Groupe - the world's third-largest ad agency - has announced it will acquire the US digital marketing company Sapient...
Ryanair increases profit guidance as winter bookings grow
Ryanair Ltd. increased its full year profit guidance by 18% on Monday, citing higher-than-expected winter bookings. The budget airline says it will reduce airfares...
Choppy trading week for Canadian markets
Canadian markets are in for a choppy trading week, with a flood of news about to come out, including earnings and economic data reports.
The...
Barrick aims to reduce debt to 7 billion dollars
Toronto-based gold mining giant Barrick Gold Corporation says it aims to cut its debt by $3.5 billion to approximately $7 billion. In a conference...
October a roller coaster month for stock markets
October was a roller coaster month for stock markets. It started marginally below a record high, slumped to a 2-year low, and then rebounded...