New Ofsted chair to be announced

31 July 2014 Last updated at 07:57 Former chairman Baroness Morgan was a close aide to Tony Blair The government is set to announce its choice for the new chairman of schools regulator Ofsted, the BBC understands. Whitehall sources suggest … Continue reading


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Warm weather hits British Gas profit

31 July 2014 Last updated at 08:10 British Gas has reported a sharp drop in profits for the first half of the year due to warmer weather. Residential supply operating profit fell by a quarter to £265m, owner Centrica said. … Continue reading


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Crews work on at pier fire scene

31 July 2014 Last updated at 05:19 About 30 firefighters stayed at the scene of the blaze overnight Firefighters have spent the night at the scene of a devastating fire that destroyed part of Eastbourne Pier. About 80 firefighters tackled … Continue reading


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UK border staff ‘not ready’ for Ebola

31 July 2014 Last updated at 04:20 Union leader Lucy Moreton said her members were on the front line Border, immigration and customs staff feel unprepared to deal with people coming to the UK with possible cases of the Ebola … Continue reading


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Don’t be fooled, all is not well for stocks

For those who only watch the headlines, the stock market looks as if it’s doing a pretty decent job digesting 6 years of gains. The Dow (DJI) is hanging out near record highs in the 17,000 area, the SP 500 … Continue reading


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Stocks could rise another 25%

Is the bull market done, or does it have legs to run? This post was written for Yahoo Finance by economist and nationally recognized columnist Peter Morici: Stocks may be near record levels, but the bull market is not done. … Continue reading


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Whole Foods fails to deliver

Whole Foods shares took a nosedive in after-hours trading Wednesday after the organic food grocer reported better-than-expected earnings per share, but failed to deliver on revenue. The company posted third-quarter earnings of $0.41 cents per share, $0.02 cents higher than … Continue reading


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Fed nods to firmer prices yet still focused on labor weakness

By Michael Flaherty and Jason Lange WASHINGTON (Reuters) – The Federal Reserve on Wednesday reaffirmed it was in no rush to raise interest rates, even as it upgraded its assessment of the U.S. economy and expressed some comfort that inflation … Continue reading


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Amazon quickens push into tough local services market

SAN FRANCISCO (Reuters) – Seattle audio and video technician Todd Mueller showed up last year for what might have been a routine job except for one thing: Amazon.com Inc (AMZN.O) was taking notes. As he mounted a flat-screen TV on … Continue reading


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Dollar shines, U.S. yields surge on upbeat U.S. data

TOKYO (Reuters) – The dollar stayed strong and U.S. bond yields held firm on Thursday after data showed solid U.S. economic growth, even as the Federal Reserve repeated its message that it is in no hurry to raise interest rates. … Continue reading


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Target to hire Pepsi executive Brian Cornell as CEO: WSJ

(Reuters) – Target Corp (TGT.N) is hiring PepsiCo Inc (PEP.N) executive Brian Cornell as its new chief executive, the Wall Street Journal reported. Target has been looking for a new chief executive after removing Gregg Steinhafel as chairman and CEO … Continue reading


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BOJ’s Kiuchi warns GDP rebound may be weaker than expected

KOBE Japan (Reuters) – Sluggish exports and factory output could mean the Japanese economy’s post-tax hike rebound in the third quarter may be weaker than expected, a central bank policymaker has said, warning of clouds hanging over its stimulus programme. … Continue reading


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