A week ago 175 people at J Crew’s corporate headquarters in New York received pink slips and were told they had no jobs to come back to the next day.
New estimates on the amount of oil contained in a discovery close to Gatwick airport suggest there could be over 9bn barrels in place.
Walmart hid $76bn of assets in tax havens across the world, including $64.2bn managed by 22 different subsidiaries in Luxembourg, where Walmart has no stores, according to a study published on Wednesday.
Telecoms giant AT&T has been fined a record $100m for misleading consumers about the carrier’s “unlimited data” plans, plans that in fact capped data and slowed speeds by up to 90% after users topped 5GB of data in a month.
Amazon.com is considering recruiting the man on the street to deliver packages to the rest of his neighborhood.
Officials in Brussels will on Wednesday announce a series of measures designed to stamp out the toxic culture of secret, sweetheart tax deals for multinationals which prevails in a handful of EU member states and erodes tax receipts in other countries.
The New York Times is taking their commitment to mobile to the next level.
Gap plans to close 175 namesake stores, about 26 percent of its North American locations, over the next several years in an effort to streamline its store fleet.
Dragon Oil has agreed a £3.7bn takeover after its suitor, Dubai-based Emirates National Oil Company, raised its offer for the business.
Majestic Wine is considering scrapping its minimum six-bottle purchase as the new chief executive, Rowan Gormley, seeks to revamp stores and revive the ailing business.
Tata Steel has agreed the sale of its UK long products business to investment group Greybull Capital for a “nominal” fee in a deal that will revive the British Steel brand and could save 4,400 jobs.
B&Q has withdrawn an advertisement for jobs at its Swindon warehouse that required jobseekers to work three days’ “induction” for free and pay for a drugs test.
Campaigners claim BP has failed to do enough on environmental pledges made at last year’s annual general meeting (AGM) and will hold bosses to account at the oil company’s shareholder gathering.