Latest Business News
- Tesco CEO Takes Over the Helm of Faltering UK Unit.
Tesco PLC on Thursday said Chief Executive Philip Clarke will assume responsibility for its struggling UK operations in addition to his other duties, replacing Richard Brasher, who was barely a year into the job. - Nine Million Will Live In "Fuel Poverty" For Next 4 Years.
Almost nine million people will live in fuel poverty in the next four years despite ministerial pledges to eradicate it by 2016, a Government-commissioned report has warned. - Most Asian Stocks Climb as US Jobs Data Buoys Exporters.
Asian stocks swung between gains and losses as US jobs and manufacturing data added to signs the world's biggest economy is recovering. - Sears to Close 53 Specialty Stores.
Hoffman Estates-based Sears Holdings Corp.plans to close 53 specialty stores in the first half of 2012 and replace clothing in 10 stores with more popular items, including mattresses and recliners.