July 8, 2013
Banks line up to take part in Lloyds share sale
Top banks are putting their submissions to the Treasury to run a potential £20bn sale of the nationalised part of Lloyds Bank. Banks have until Monday to make their pitch to handle the sell-off of the government's 39% holding in Lloyds, with the…
July 7, 2013
Target founder Douglas Dayton dies at 88
Douglas Dayton began the remaking of his family’s company and helped reinvent American retailing when he launched the first Targetstores in 1962. The former Dayton’s Department Store executive and Twin Cities philanthropist died Saturday at the age…
June 30, 2013
Region urged to reduce deficits
Caribbean Community (CARICOM) governments have been told there must be sustained economic diversification if they are to successfully reduce their fiscal deficits. Barbados Prime Minister Freundel Stuart gave the advice as he addressed the opening…
June 30, 2013
Blackberry shares plunge after $84m first-quarter loss
Shares in smartphone maker Blackberry have dived after it reported an $84m (£55m) loss for the three months to 1 June. The figure was better than the $518m loss for the same period last year, but much worse than analysts' forecasts. The company,…
June 30, 2013
Facebook removes ads from controversial pages to avoid boycot
Facebook has announced a major revamp of its advertising systems in an attempt to deal with concerns about offensive content. There will now be new restrictions on where adverts appear on the site. Marks and Spencer and BSkyB were among companies to…
June 30, 2013
Terry Leahy legacy criticised by former chairman
Tesco's former chairman Lord MacLaurin has criticised the legacy left by ex-chief executive Sir Terry Leahy. He told the annual meeting that current chief Philip Clarke needed three years to revive the UK's biggest retailer. Sir Terry is credited…
June 29, 2013
Gold price falls below $1,200 an ounce
At the same time, the slowdown in the global economy, prompted central banks across the world to lower interest rates - to historic lows in many cases - in an attempt to try to boost growth. Analysts said that with interest rates so low, investors…
June 27, 2013
$100m upgrade for LIAT
LIAT, with the partial backing of some Caribbean governments, is enhancing and transforming its fleet, with 12 new aircrafts over the next two years that will cost investors US$100 million. Earlier today, the regional airline paraded the first of…
June 27, 2013
EU finance ministers reach draft deal on bank bailouts
European Union (EU) finance ministers have agreed an outline plan on how to rescue troubled banks - without leaving taxpayers to face the bill. The deal was reached early on Thursday morning after another long session of talks between the 27 EU…
June 27, 2013
Italy to spend 1.5bn euros to boost youth employment
Italy's government has announced it will spend 1.5bn euros ($2bn; £1.2bn) to try to boost youth employment. The funds include tax breaks for companies that hire people aged 18-29, and will target the country's deprived southern areas. Two in five…