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ABC Business News
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BBC Business News
Climate campaigners win Heathrow expansion case
Thu, 27 Feb 2020 19:39:37 GMT
Campaigners say plans for a third runway should be cancelled, but the airport says it will appeal.
Dow falls more than 4% amid coronavirus stock rout
Thu, 27 Feb 2020 21:25:01 GMT
The US index shed nearly 1,200 points, one of the sharpest drops in history.
Coronavirus: Sick pay rules apply, says JD Wetherspoon pub chain
Thu, 27 Feb 2020 16:53:01 GMT
Under statutory sick pay rules, an employee is not paid for the first three days of absence.
William Hill gambling site Mr Green to pay £3m penalty
Thu, 27 Feb 2020 09:18:42 GMT
Mr Green failed to freeze the account of a customer who won £50,000 and gambled it away.
Coronavirus: Dettol sales surge as markets fall again
Thu, 27 Feb 2020 14:32:03 GMT
The owner of the disinfectant brand says sales have risen, with demand outstripping supply in China.
Coronavirus prompts buyers to look closer to home
Thu, 27 Feb 2020 00:37:17 GMT
Manufacturers have seen a spike in inquiries as the coronavirus disrupts supply lines from China.
London firms sending staff home amid coronavirus fears
Wed, 26 Feb 2020 21:50:20 GMT
Three companies have now asked employees to work from home as a "precautionary measure".
Coronavirus: Will I get paid if I self-isolate?
Wed, 26 Feb 2020 14:43:23 GMT
Health Secretary Matt Hancock says Britons returning from locked-down Italian towns must self-isolate.
Coronavirus: Your rights as a traveller
Wed, 26 Feb 2020 16:21:36 GMT
The coronavirus has already become a nightmare for travellers and the tourism industry alike.
China turns to online car sales as coronavirus spreads
Thu, 27 Feb 2020 08:36:33 GMT
As consumers stay at home over coronavirus fears, carmakers are making it easier to buy online.
Coronavirus: Microsoft warns of hit to computer sales
Thu, 27 Feb 2020 04:12:03 GMT
Microsoft is the latest tech firm to warn of disruption as suppliers are hit by coronavirus shutdown.
'Go big' to tackle regional inequalities, report urges
Thu, 27 Feb 2020 00:02:35 GMT
Levelling up disadvantaged parts of the UK will need long-term thought and investment, a report says.
Drax power station to cease burning coal in March 2021
Thu, 27 Feb 2020 12:54:30 GMT
The power company says the closure of its coal units will cost 230 jobs at the North Yorkshire site.
Ely Junction railway upgrade cost rises more than 20 times
Thu, 27 Feb 2020 16:16:08 GMT
The work was originally due to cost £25m, but the BBC understands it has risen to £500m.
Buy now, pay later 'growing fast' amid debt fears
Thu, 27 Feb 2020 00:04:25 GMT
A report says services such as Klarna are booming among online shoppers despite concerns for young consumers.
Nando’s employees call for changes to cleaning pay policy
Thu, 27 Feb 2020 00:26:10 GMT
Staff claim they often miss out on overtime amid allegations of poor cleaning practices at some branches.
Legal victories over 'No DSS' letting agents
Thu, 27 Feb 2020 00:42:33 GMT
Two single mothers win out-of-court settlements against letting agents refusing benefit claimants.
Tim Cook says Apple's first Indian store to open 2021
Thu, 27 Feb 2020 00:48:19 GMT
The iPhone maker lags behind competitors in the world's second largest mobile phone market.
Lloyds, Virgin and Direct Line to cut hundreds of jobs
Wed, 26 Feb 2020 17:07:40 GMT
Lloyds says 780 jobs will go this year, Direct Line is cutting 800 positions, and Virgin Money 500.
How a serious accident led to business success
Wed, 26 Feb 2020 00:03:26 GMT
After a terrible skiing crash, Susanne Najafi embarked on her path as a serial entrepreneur.
BBC Business News
Yahoo Business News
Windsor Advantage Can Show You How To Buy An Existing Business Using The SBA 7(a) Loan Program
Thu, 27 Feb 2020 18:45:00 -0500
Windsor Advantage Can Show You How To Buy An Existing Business Using The SBA 7(a) Loan ProgramBuilding a business from scratch is a journey that many aspiring entrepreneurs are not prepared to face. Start-up costs and go-to-market uncertainties are some of the reasons an estimated 2.5 million of the 30.2 million small-businesses in the U.S. change hands in some way, shape or form each year. Not only does this option allow potential small-business owners to evaluate operating history and financial performance, but it also allows these individuals to bypass time spent on the administrative burdens of getting up and running.
XANT Introduces Industry's First Mobile Sales Engagement Solution
Thu, 27 Feb 2020 18:45:00 -0500
XANT Introduces Industry's First Mobile Sales Engagement SolutionToday, at its inaugural NEXT 2020 conference, revenue acceleration cloud company XANT announced the industry's first fully mobile sales engagement solution of its kind: Playbooks Mobile™. Building on the XANT flagship product Playbooks, this innovative mobile experience provides sales reps all the proprietary buyer intelligence benefits of the full Playbooks platform wherever they go.
Why BeijingWest Industries International Limited’s (HKG:2339) Return On Capital Employed Looks Uninspiring
Thu, 27 Feb 2020 18:42:34 -0500
Why BeijingWest Industries International Limited’s (HKG:2339) Return On Capital Employed Looks UninspiringToday we are going to look at BeijingWest Industries International Limited (HKG:2339) to see whether it might be an...
Advisers to Rich Pitch Equities, Private Markets After Plunge
Thu, 27 Feb 2020 18:40:46 -0500
Advisers to Rich Pitch Equities, Private Markets After Plunge(Bloomberg) -- Advisers to the world’s wealthiest people are urging clients to pounce on potential bargains after U.S. stock markets registered their worst four-day performance since the depths of the 2008 financial crisis.“While we are not trying to call the bottom of the market, past experience suggests this is a good time to invest in U.S. stocks for investors with a time horizon of several months or more,” Mark Haefele, chief investment officer at UBS Global Wealth Management, said in a note Thursday as the continuing spread of the coronavirus shook investors’ faith in the endurance of the longest bull market in history.Anastasia Amoroso, global investment specialist at JPMorgan Private Bank, expects “a near-term bounce off extremely oversold levels.” She’s advising some clients to look to the options market in anticipation of a “snapback” driven by soothing words from the administration or the central bank. Amoroso also suggests selectively adding to U.S. and China tech, healthcare and electric vehicles, for those looking out six months and beyond.Wilmington Trust investment chief Tony Roth also sees a longer-term opportunity -- though it’s predicated on potential economic pain in coming years.“For clients that are qualified, investing in private markets, in opportunities that take advantage of stressed companies, distressed opportunities and bankruptcies is very compelling right now,” he said in a phone interview. “We will see a lot of stressed companies come up for sale in the next 12 months.”In a separate note Thursday, Haefele advised clients to focus on oversold sectors, including U.S. consumer discretionary and communications.Digital content providers such as those that offer streaming services, as well as e-commerce retailers, “are likely to prove to be more defensive, and potentially even beneficiaries of more time being spent at home.”So far, this week’s rout has erased a combined $344 billion from the fortunes of the world’s 500 richest people, including $111 billion on Thursday alone. The S&P 500 Index and Dow Jones Industrial Average have both dropped more than 10% since markets opened Monday. The last time either benchmark had a worse four-day stretch was November 2008.See also: As rout gets nasty, traders hunt for signs of where it will endThe carnage extended beyond equities. Junk-bond investors pulled $4.2 billion during the week ended Feb. 26, according to data compiled by Refinitiv Lipper, one of the biggest withdrawals ever.Read more: Investors pull most from junk-bond funds since 2018Thursday’s swoon shaved $5.3 billion off the net worth of Amazon.com Inc. founder Jeff Bezos, who remains the world’s richest person with a $116.5 billion fortune, according to the Bloomberg Billionaires Index. Former Microsoft Corp. Chief Executive Officer Steve Ballmer and Tesla Inc.’s Elon Musk each lost about $4 billion. The top 24 people in the ranking ended the day with at least $1 billion less than where they started.(Updates with JPMorgan recommendation in third paragraph)\--With assistance from Jack Witzig and Sophie Alexander.To contact the reporter on this story: Suzanne Woolley in New York at swoolley2@bloomberg.netTo contact the editors responsible for this story: Pierre Paulden at ppaulden@bloomberg.net, Peter EichenbaumFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Earnings Miss: Silver Lake Resources Limited Missed EPS By 79% And Analysts Are Revising Their Forecasts
Thu, 27 Feb 2020 18:39:23 -0500
Earnings Miss: Silver Lake Resources Limited Missed EPS By 79% And Analysts Are Revising Their ForecastsIt's been a good week for Silver Lake Resources Limited (ASX:SLR) shareholders, because the company has just released...
OnPolitics: Coronavirus news, obviously
Thu, 27 Feb 2020 18:38:53 -0500
OnPolitics: Coronavirus news, obviouslyHow will the coronavirus work and why was Mike Pence put in charge? And, who is leading in South Carolina?
Coronavirus and its global sweep stokes fear over facts. Experts say it's unlikely to produce 'apocalyptic scenario'
Thu, 27 Feb 2020 18:38:11 -0500
Coronavirus and its global sweep stokes fear over facts. Experts say it's unlikely to produce 'apocalyptic scenario'Coronavirus is spreading around the globe in a hurry, but experts say fear-based reactions will only stir more trouble.
Do You Know What Honworld Group Limited's (HKG:2226) P/E Ratio Means?
Thu, 27 Feb 2020 18:35:48 -0500
Do You Know What Honworld Group Limited's (HKG:2226) P/E Ratio Means?Today, we'll introduce the concept of the P/E ratio for those who are learning about investing. We'll look at Honworld...
Navy Chief: Losing Shipbuilding Funds Is ‘Not Helpful’
Thu, 27 Feb 2020 18:31:25 -0500
Navy Chief: Losing Shipbuilding Funds Is ‘Not Helpful’Acting Navy Secretary Thomas Modly said Thursday that the Trump administration’s diversion of funds from the Navy’s shipbuilding budget to border wall construction was “not helpful” to the current effort to expand the fleet.The shipbuilding budget took a hit earlier this month when the Pentagon announced it would be using $911 million designated for the assault ship replacement and expeditionary fast transport programs to pay for border wall construction. On top of that, President Trump’s 2021 budget request for defense cuts $4.1 billion from the Navy’s shipbuilding budget relative to the current year.In testimony before the House Armed Services Committee, Modly said the loss of funds would make it harder to hit the 355-ship target. “To be frank, it’s not helpful because it takes a ship out of a plan we’re driving toward,” Modly said, apparently referring to the loss of funding for a Virginia-class submarine in President Trump’s 2021 budget request.Like what you're reading? Sign up for our free newsletter.
Crown Capital Investments, LLC Acquires KCE, Inc.
Thu, 27 Feb 2020 18:31:00 -0500
Crown Capital Investments, LLC Acquires KCE, Inc.Crown Capital Investments, LLC ("CCI"), an Atlanta-based private family office investment firm, announced today that it has acquired KCE, Inc. (KCE). KCE, established in Glen St. Mary, Florida in 2001, is a diversified specialty services provider offering oversized load transportation, proprietary water cleanup, and erosion control.
Yahoo Business News
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