Best Buy beats profit forecast, raises expectations during challenging holiday
November 19, 2015
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Business

Best Buy beats profit forecast, raises expectations during challenging holiday

Total revenue came in at $8.82 billion, slightly below estimates of $8.83 billion, with sales…

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Bombardier to Shed 30% of its Transportation Unit
November 19, 2015
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Business

Bombardier to Shed 30% of its Transportation Unit

Quebec’s provincial pension fund agreed to buy a 30 percent stake in Bombardier Inc.’s rail…

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Plunge in gas costs trims consumer prices for Seattle area
November 19, 2015
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Business

Plunge in gas costs trims consumer prices for Seattle area

The Consumer Price Index for baked foods and cereal products increased 0.8% in October.

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Singles’ Day Sales for Alibaba Reach $14.32 Billion
November 19, 2015
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Business

Singles’ Day Sales for Alibaba Reach $14.32 Billion

The company is the owner of the Singles Day brand, though other retailers also have…

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Lucara Recovers World’s Second-Largest Diamond
November 19, 2015
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Lucara Recovers World’s Second-Largest Diamond

“This has been an incredible week for Lucara with the recovery of the second largest…

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Poundland pins hopes on 99p Stores rebrand
November 19, 2015
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Business

Poundland pins hopes on 99p Stores rebrand

Poundland had previously guided that it expected profit in its 2015-16 year to be phased…

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Ofcom removes Sky Sports wholesale regulation
November 19, 2015
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Business

Ofcom removes Sky Sports wholesale regulation

Last year, Ofcom began a review to determine whether regulation remained appropriate.

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United Kingdom: Weaker Trading At Supermarkets Holds Back Retail Sales
November 19, 2015
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Business

United Kingdom: Weaker Trading At Supermarkets Holds Back Retail Sales

The UK’s Office for National Statistics did note that the underlying pattern in the data,…

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Airbus in partnership to build supersonic passenger jet
November 19, 2015
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Business

Airbus in partnership to build supersonic passenger jet

Don’t expect to look up and see the AS2 streaking overhead anytime soon though, Aerion…

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Kraft Heinz to build new Davenport meat plant, close old
November 19, 2015
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Business

Kraft Heinz to build new Davenport meat plant, close old

The facility joins plants in California, New York, Pennsylvania and Wisconsin, which will close between…

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