Sears chairman prevails in bankruptcy auction for retailer with $5.2 billion bid - sources

Latest Business News - 12 hours 21 min ago
Sears Holdings Corp Chairman Eddie Lampert prevailed in a bankruptcy auction for the U.S. department store chain with an improved takeover bid of roughly $5.2 billion, allowing the 126-year-old retailer to keep its doors open, people familiar with the matter said Wednesday.

Pearson says cost cuts to boost savings, sees lower FY profit

Latest Business News - 12 hours 23 min ago
British education publisher Pearson said on Wednesday it expects higher savings from its cost cutting plan, while forecasting a decline in adjusted operating profit for 2018.

Secure Trust to halt new residential mortgages as housing market cools

Latest Business News - 12 hours 24 min ago
Secure Trust Bank Plc said on Wednesday that it would look to stop taking on new residential mortgages in the face of stiff competition and a cooling housing market in Britain.

Diploma names ex-Compass Group finance director as CEO

Latest Business News - 12 hours 25 min ago
Technical products and services provider Diploma Plc on Wednesday named Johnny Thomson, former finance chief at FTSE 100 firm Compass Group Plc, as its new chief executive officer.

Reckitt Benckiser CEO Kapoor to retire by end of 2019

Latest Business News - 12 hours 32 min ago
British consumer goods maker Reckitt Benckiser Group Plc said on Wednesday Chief Executive Officer Rakesh Kapoor would retire by the end of 2019 after more than eight years at the helm and more than three decades with the company.

Chevron, Total and Reliance join oil blockchain platform Vakt

Latest Business News - 13 hours 2 min ago
Oil majors Chevron and Total, along with major Indian refiner Reliance Industries, have joined the blockchain-based platform Vakt, London-based Vakt said on Tuesday.

China tells pig farms to restock amid worries over pork supply, swine fever

Latest Business News - 13 hours 9 min ago
China's pig farmers should quickly replenish their herds and the nation plans to buy more pork for its reserves, a government official said, in steps to curb price rises expected to bite later this year in the wake of African swine fever outbreaks.

Danish freight firm DSV floats $4 billion bid for Panalpina

Latest Business News - 13 hours 13 min ago
Danish freight company DSV has launched a bid to buy Swiss rival Panalpina for around 4 billion Swiss francs ($4.1 billion) after pressure from an activist investor for Panalpina to do a deal.

Oil firm as supply cuts point to tighter market despite weakening economy

Latest Business News - 13 hours 13 min ago
Oil prices firmed on Wednesday after climbing about 3 percent in the previous session as expectations that OPEC-led supply cuts will tighten markets despite signs of a global economic slowdown.

India's soymeal sales to Iran surge to offset rupees-for-oil imbalance

Latest Business News - 13 hours 18 min ago
India's soymeal sales to Iran are set to spike as the oil producer uses the rupees it receives for its crude exports to cover its animal feed demand amid U.S. sanctions that have crimped the country's ability to import necessities.

Muted open seen for Britain's FTSE 100 after PM May's Brexit deal crush

Latest Business News - 13 hours 35 min ago
Britain's top share index was expected to have a muted start on Wednesday, edging slightly up after lawmakers defeated Prime Minister Theresa May's deal to leave the European Union by a crushing margin, deepening market uncertainty.

Etihad offers to invest in Jet Airways at 49 pct discount - report

Latest Business News - 13 hours 47 min ago
Etihad Airways has offered to pick up shares of debt-laden Jet Airways Ltd at a 49 percent discount and to immediately release $35 million to bail out the troubled carrier if certain conditions are met, CNBC-TV18 reported.

European car sales drop 8.7 percent in December - ACEA

Latest Business News - 13 hours 47 min ago
European car registrations fell 8.7 percent year-on-year in December, with sales at all major carmakers except Daimler and Jaguar Land Rover contracting as the introduction of tougher new emissions tests continued to weigh on demand.

Exclusive: BJP wants expansionary economic policy ahead of general election

Latest Business News - 13 hours 53 min ago
Prime Minister Narendra Modi's ruling party is in favour of an expansionary economic policy and does not consider the government's plan to keep the fiscal deficit to 3.3 percent of GDP as "sacrosanct", a party spokesman told Reuters.

Eurotunnel: taking steps so that any 'no-deal' Brexit has minimal impact

Latest Business News - 13 hours 57 min ago
Channel Tunnel operator Eurotunnel said it was taking steps to ensure that any 'no-deal' Brexit would have minimal impact on its transport network.

Global Markets: Global shares weather May's Brexit debacle, pound steadies

Latest Business News - 14 hours 6 min ago
Global share markets and the sterling weathered a UK political storm as investors wagered that London will have no choice but to delay its Brexit deadline to avoid a disorderly exit from the European Union.

Make Sure Everyone Feels Welcome at Casual Networking Events

Daily Management Thought - 14 hours 6 min ago

It’s not uncommon for people on a team to get together outside of work hours. These unplanned, informal events can be useful ways to connect, share information, and even make decisions. But they can also exclude some team members, even if it’s unintentional. As a manager, you can make sure everyone feels welcome at these kinds of events. Start by learning your employees’ preferences around social gatherings, including dietary restrictions and activities that make them feel comfortable. For example, make sure that not all events center around alcohol, so people who don’t drink aren’t excluded. When you’re thinking about future events, plan some gatherings during the day or over lunch, so those who can’t stay late don’t miss out. And then pay attention to how often the team meets informally and who’s showing up. These details will help you figure out who isn’t coming, and reach out to invite them when necessary.

Adapted from “How Managers Can Make Casual Networking Events More Inclusive,” by Ruchika Tulshyan

Brexit deal defeat makes "softer, later" exit more likely - Goldman Sachs

Latest Business News - 14 hours 32 min ago
A vote in Britain's parliament on Tuesday crushing Prime Minister May's deal to leave the European Union has made a softer, later Brexit, or even no Brexit at all, slightly more likely, Goldman Sachs said on Wednesday.

Loan growth, higher margins boost Emirates NBD fourth quarter net profit

Latest Business News - 14 hours 33 min ago
Emirates NBD, Dubai's largest bank, on Wednesday reported a 10 percent rise in fourth-quarter net profit as loan growth and improved margins offset lower income from investment securities and higher expenses.

Gold holds firm on failed Brexit vote, Fed rate hike pause hopes

Latest Business News - 14 hours 34 min ago
Gold held steady on Wednesday, supported by uncertainty around Brexit, after lawmakers voted down British Prime Minister Theresa May's deal to leave the European Union, and hopes for a rate hike pause by the U.S. Federal Reserve.