Inditex sales slip because of strong euro
Inditex SA, the world's largest clothing retailer, has suffered a drop in its first-half profit. Its second quarter gross margin declined to 56.5 percent from 58.9...
FedEx profit rises 24 percent
FedEx profit increased by 24% in the first quarter ending August 31, driven by higher shipment volume in its ground division. The world’s second...
Phones 4U, EE and Vodafone in talks about buying shops
Phones 4U is in talks with EE and Vodafone about buying parts of the mobile phone retailer that went into administration on Monday after...
UK unemployment fell 146,000 to 6.2 percent
UK unemployment declined by 146,000 to 6.2% in the 3-month period ending in July, according to figures published by the Office for National Statistics....
Bank of England split over interest rates
On September 3-4, the Bank of England decided to hold interest rates, with two members of the Monetary Policy Committee voting to raise the...
Corinthian Colleges deceived and ruined students, lawsuit says
Corinthian Colleges, which promised a better career and financial help for studies, in reality typically gave students jobs that lasted just one day and...
China may have to wait for the iPhone 6
Apple’s newest iPhone 6 may not sell in China for a quite a while, according to reports that claim Apple has not come to...
Sony warns of bigger loss
Sony warns that its net loss for the year ending in March will be much greater than expected, possibly as high as ¥230 billion...
Global billionaire population increases 7 percent
The number of billionaires around the world has risen by 155 to 2,325, a 7% increase, says the Wealth-X and UBS Billionaire Census 2014.
The...
China pumping $81 billion into banks
China is pumping $81 billion or 500 billion yuan into its five largest state-owned banks, joining the European Central Bank in trying to boost...