News archive from 10 June 2014

Wal-Mart.com CEO Joel Anderson to step down

Fernando Madeira, CEO of Latin America eCommerce at Wal-Mart, will replace Anderson, according to a company memo seen by Reuters. Madeira will now relocate to San Bruno, California from Brazil to assume additional responsibility for Wal-Mart's U.S....

 
Fake car crash scam clampdown paying off

Fake car crash scam clampdown paying off

Britain's motor insurers have made their first collective annual profit in 20 years amid signs that a clampdown on fraudulent claims is starting to have an effect. According to accountancy firm EY, insurers paid out £98.50 for every £100 received in...

Scotsman, 00:04 in Business
 
Clothing sales offset grocery price wars

Clothing sales offset grocery price wars

Soaring sales of summer fashions, along with strong demand for televisions and video game consoles on the back of rising consumer confidence, helped retailers overcome a decline in food sales last month. The latest report from the British Retail...

Scotsman, 00:04 in Business
 
Comment: Tesco Bank | World Cup spat

Comment: Tesco Bank | World Cup spat

COMPETITION to Britain's big five high street banks from the new so-called "challenger" sector gained some momentum yesterday, even if the effect is more symbolic than practical at this stage. Lloyds Banking Group priced the first 25 per...

Scotsman, 00:04 in Business
 
Peter Vardy supports Edinburgh film festival

Peter Vardy supports Edinburgh film festival

Car dealership group Peter Vardy has been named as the "official vehicle partner" for the Edinburgh International Film Festival (EIFF) which gets under way this month. Stars and celebrities will be transported around the capital in a fleet...

Scotsman, 00:04 in Business
 
Scottish independence: Obama ‘asked to intervene’

Scottish independence: Obama ‘asked to intervene’

Barack Obama made his dramatic intervention in the Scottish independence debate last week after being asked to do so by Prime Minister David 
Cameron, it has been claimed. The president said he wanted to see the UK remain “strong, robust and...

 
Brazil strike causes chaos ahead of World Cup

Brazil strike causes chaos ahead of World Cup

Brazilian riot police have used tear gas against protesters in S

 
Russian journalist’s killers jailed

Russian journalist’s killers jailed

Five men have received long jail terms for the killing of prominent Kremlin critic Anna Politkovskaya after a trial that did not reveal who had masterminded the Russian journalist's murder. Politkovskaya, 48, an investigative reporter who uncovered...

 
Las Vegas lunchtime attack leaves five dead

Las Vegas lunchtime attack leaves five dead

Two police officers having lunch were fatally shot in a point-blank ambush by a man and woman, who then fled to a nearby Wal-Mart where they killed a third person and then themselves in an apparent suicide pact. One of the attackers yelled: “This is a...

 
18 killed in Taleban attack on Karachi airport

18 killed in Taleban attack on Karachi airport

The Pakistani Taleban has said it was behind a brazen five-hour assault on the country's busiest airport that left 18 people dead. Gunmen disguised as police guards stormed the international terminal in Karachi and set off explosions. The Taleban said...

 
Carstairs bosses deny public safety at risk

Carstairs bosses deny public safety at risk

MANAGEMENT at a hospital which houses some of Scotland's most dangerous criminals have proposed closing one of its wards as a way of tackling unsustainable overspending. The flagship State Hospital at Carstairs is exceeding its monthly budget by...

Scotsman, 00:06 in Health
 
Tesco offers current account with no-gimmicks pledge

Tesco offers current account with no-gimmicks pledge

Tesco has spent £600m building its stand­alone bank. Photograph: Chris Watt Eighteen years after first dipping its toe in the world of banking, Tesco is launching its first current account on Tuesday, and says it is targeting people fed up with...

Guardian, 00:08 in Business
 
'Race to the bottom' hits food sales figures amid supermarket price wars

'Race to the bottom' hits food sales figures amid supermarket price wars

On one measure, it was the worst quarter for food sales since BRC records began in 2008. Photograph: Paul Robbins /Alamy Supermarkets are being warned they are locked in a "race to the bottom" in a new report showing that a food price war...

Guardian, 00:08 in Business
 
Tesco's current account: only time will tell

Tesco's current account: only time will tell

The overdraft rate on Tesco's current account looks steep at 15.9%, but there are no hidden charges. Photograph: Photofusion/Rex Features At last. Tesco launches its current account on Tuesday after almost four years of delays and prevarication. About...

Guardian, 00:08 in Business
 
One in four chance summer could be hottest ever

One in four chance summer could be hottest ever

BRITAIN could be in for three months of warm weather - with a 25 per cent chance it may be the hottest summer ever, 
according to the Met Office. Forecasters released the three-month weather outlook for the UK for June to August which...

 


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