Tesco plans to remove 1,700 managerial jobs
The deputy managers will be replaced by shift leaders as part of a program of transformation in order to improve the customers' shopping experience.
Mar 01, 2017 9:02 AM EST
Qantas posts decline in net profits
The results indicate Qantas' strong performance in a mixed international market amidst its strategy and ongoing transformation while investing for customers.
Alibaba seeks tougher penalties for purveyors of counterfeit goods
E-commerce giant seeks tougher laws, stricter enforment and heavier penalties against retailers or vendors of counterfeit goods in China.
Saudi Arabia Adds Nearly 30,000 New Hotel Rooms For 2017
The Kingdom is set to open a roster of 68 hotels across major cities at a time of growth for its tourism, leisure and hospitality.
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Warren Buffett's Optimism on American Businesses
Berkshire Hathaway's CEO is upbeat about the future of US businesses and stocks after his company reported a higher quarterly profit. Buffett urges investors to work with a collection of large and conservatively financed American businesses in the long term.
Feb 28, 2017 2:39 PM EST
Asian shares rise ahead of Trump speech
Asian shares up, strengthened by gains on Wall Street as investors await President Donald Trump speech.
Feb 28, 2017 1:54 AM EST
Nordstrom’s Quarterly Earnings Beat Expectations
US upscale department store chain posts growth in fourth quarter earnings exceeding analysts' expectations.
Feb 23, 2017 9:09 PM EST
Australia's TerryWhite Chemmart Posts Strong Half-Year Earnings
Australian pharmacy group, TerryWhite Chemmart, doubles revenue following the merger. Australian pharmacy group Terry White Group, which is now trading as TerryWhite Chemmart, has doubled its half year revenue from $16.
Feb 22, 2017 12:11 AM EST
Lenovo Third Quarter Profits Plummet
Tech company Lenovo posts a drop in its third quarter profits as it faced "sizeable" challenges in its business.
Feb 19, 2017 9:11 PM EST
Retail Spending in UK Rises Slightly in January
UK retail spending sees 1.5 percent growth year-on-year in January 2017 compared with January 2016. Retail spending in the UK saw a 1. 5 percent growth year-on-year in January 2017 compared with January 2016, the lowest growth the sector has had since November 2013, according to the latest official figures of the Office of National Statistics (ONS).
Feb 19, 2017 8:12 PM EST
CBS Corp Posts 45.6 Percent Drop In Quarterly Profit
Mass media company, CBS Corporation, posts quarterly profit decrease. Mass media company, CBS Corporation, posted a 46. 5 percent decrease in quarterly profit, hurt mainly by a one-time pension settlement charge in the fourth quarter of 2016.
Feb 15, 2017 9:11 PM EST
Toshiba chair quits hours after conglomerate reveals $3.4 billion loss
Toshiba's chairman steps down shortly after the Japanese multinational conglomerate reported a multi-billion-dollar loss.
Feb 15, 2017 1:08 AM EST
Energy giants plan to help 10 million people with new loyalty program
Npower and EDF Energy told MPs they were considering reward programs to help customers who stay with them, it could even include a free boiler service.
Feb 05, 2017 7:16 PM EST
Apple Ends Losing Streak, Posts Rise In Sales After Nine Months
Apple CEO Tim Cook says the company had the highest quarterly revenue ever, adding they have also returned close to $15 billion to investors through share repurchases and dividends.
Feb 02, 2017 2:53 AM EST
Amazon to Build Its Own $1.5 Billion Air Hub For Its Own Cargo Airline
Online giant, Amazon, is expanding fast and creating thousands of jobs in the United States, its Prime Air hub will support its dedicated fleet of Prime Air cargo planes.
Feb 01, 2017 9:53 PM EST
Sense of Unease Permeates Wall Street With Trump's New Policies
President Donald Trump is starting to worry Wall Street with the major changes in foreign policies. Economic isolation may result in these changes.
Feb 01, 2017 9:30 PM EST
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