US budget deficit shrinks to 7-year record low
Declining unemployment bolstered tax receipts helping the US to post its lowest budget deficit as a percentage of GDP since 2007, and the smallest...
Toyota recalls 1.75 million automobiles due to faulty brakes and fuel components
Faulty brakes and fuel components have led to the recall of 1.75 million vehicles worldwide by Toyota Motor Corporation. The world’s largest automaker says...
Aldermore Bank cancels IPO blaming market conditions
Wilmslow-based bank Aldermore has decided to cancel its planned initial public offering (IPO), citing tough market conditions. The bank is one of many companies...
Amazon launches same day pickup with Smiths News, UK
In a partnership with Smiths News, part of Connect Group plc., a UK newspaper and magazine wholesaler, Amazon has launched a same-day pick-up service...
JPMorgan Chase reports Q3 net income of $5.6 billion
JPMorgan Chase & Co (JPM.N) reported third quarter net income of $5.6 billion, or $1.36 per share.
In the same quarter last year the company...
UK inflation dropped to 1.2% in September, lowest rate in five years
UK inflation dropped down to 1.2% in September from 1.5% in August, measured by the Consumer Price Index (CPI), according to the Office for National...
Mulberry issues profit warning after lackluster revenue results
Mulberry, the luxury handbag maker, has informed investors that full year profits will be much lower than expected after lackluster revenue results.
First half revenue in...
UK retail sales falls to a six year low
The warm weather across the UK last month reduced the number of shoppers buying winter clothing, which pushed retail sales to its lowest level in...
A Canadian Pacific and CSX Corp. merger would face heavy regulatory hurdles
The potential merger between Canadian Pacific Railway Ltd. and CSX Corp., two of North America’s leading railroad companies, has almost no prospect of going through...
Oil prices plummet to lowest level since December 2010
Oil prices sank on Monday, with Benchmark Brent futures prices at under $90 a barrel - a level that hasn’t been so low since...