Business

Financial services complaints up 9.2% in H1: FCA

Financial services complaints up 9.2% in H1: FCA

Equifax's USA servers were hacked in early September , leading to the personal details of 143m United States citizens being stolen. The data breach is already the subject of state and federal investigations in the U.S. Reuters reports that the FCA statement follows a letter sent to it from the chair of the UK's House of Commons' Treasury Committee asking if Equifax violated terms of its license to operate in the United Kingdom, and querying whether the regulator has the power to compel it ...



Air Canada being probed for another runway blunder at SFO

The landing was uneventful but it seems the Air Canada crew did not reply to radio transmissions nor to a so-called "red-light gun" alert used to communicate with planes when the radio fails. Controller: Air Canada 781 - go around. One of the planes queued up on the taxiway turned on its lights as the crew saw the Air Canada jet draw near.


Hudson's Bay to sell Lord & Taylor Fifth Avenue store

Hudson's Bay to sell Lord & Taylor Fifth Avenue store

WeWork's partner on the property deal, investment firm Rhône Capital, is also planning to make an equity investment of $500 million in Hudson's Bay. The sales to New York-Based Rhone and WeWork, an office-sharing firm, will help Hudson's Bay cut debt and boost cash by a combined C$1.6 billion ($1.27 billion), and may lead to additional real estate transactions, the company said Tuesday.



Caterpillar Inc. (CAT) Stock Surges on Stellar Earnings

The industrial products company reported $1.95 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.68. Caterpillar told investors it anticipates US$6.25 earnings per share for the full year. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and fourteen have given a buy rating to the stock.


Infosys profit rises 3.3%

Infosys profit rises 3.3%

India's largest software services company, Tata Consultancy Services last week reported a 2.1 per cent drop in net profit to Rs 6,446 crore for the just ended quarter. "This Board and I are committed to the highest standards of professionalism and will deal promptly and decisively with any governance issues should they ever come up in the future", Nilekani said.