UK’s Argos undercuts Tesco with 99.99 pound tablet
LONDON (Reuters) – Britain’s Argos has entered the intensely competitive tablet computer market with a 99.99 pound ($160) own-brand product that is 16 percent cheaper than one launched by Tesco, the UK’s largest retailer, last month.
NGOs accuse Alliance Boots of avoiding $1.8 billion in UK taxes
LONDON (Reuters) – A British charity and a labour union accused Europe’s largest pharmacy chain, Alliance Boots, of avoiding over 1.1 billion pounds ($1.76 billion) in UK tax since 2008 and called on the government to change laws which allow such tax p…
Macy’s stores to open on U.S. Thanksgiving for first time
NEW YORK (Reuters) – Macy’s Inc said on Monday that most of its stores will open on the U.S. Thanksgiving Day holiday for the first time in its history, in a sign of how competitive the holiday season is shaping up.
Analysis: U.S. debt ceiling crisis would start quiet, go downhill fast
WASHINGTON (Reuters) – If Washington doesn’t reach a deal soon to keep paying its bills, an economic crisis could start unfolding so quietly on Thursday it will give little hint of its potential to throw millions of Americans out of work.
Chrysler trust VEBA values its share of company at $3.6 billion
DETROIT (Reuters) – The United Auto Workers-affiliated healthcare trust valued its ownership stake in Chrysler Group LLC at $3.6 billion by the end of 2012, up from $2.7 billion the previous year, a recent filing with the U.S. Department of Labor.
Fiat fails to get quick trial in Chrysler stake dispute
(Reuters) – Fiat SpA will have to wait longer than hoped to settle the price to buy out a minority shareholder of its Chrysler business after a judge on Monday set a September 2014 trial.
Senators close in on deal as threat of default nears
WASHINGTON (Reuters) – U.S. senators said they were closing in on a deal Monday that would reopen the government and push back a possible default for several months, though many hurdles remained as a Thursday deadline drew near.
JPMorgan trader examined in currency probe: WSJ
(Reuters) – British authorities investigating potential manipulation in the currency markets are looking at the role of a senior trader at JPMorgan Chase & Co while he worked for another firm, the Wall Street Journal reported on its website on Monday.
Franco-German divisions cloud efforts to fix broken banks
LUXEMBOURG (Reuters) – The euro zone wrestled on Monday with the question of who should pay for a clean-up of bust banks, as Franco-German divisions cast a cloud over efforts to seal a landmark reform and draw a line under the region’s financial crisis…
Insight: Philippines infrastructure: taking the slow train to nowhere
MANILA (Reuters) – Images of a portion of the Philippines’ oldest light rail transit line ablaze in the middle of the night were exactly what private sector bidders for a $1.4 billion rehabilitation of the country’s rail system had feared.
