Business

United Kingdom interest rate rise in doubt as inflation stays at 2.4%

United Kingdom interest rate rise in doubt as inflation stays at 2.4%

The ONS said that the monthly... 'Faster rising prices would have given the Bank of England cover for an interest rate hike next month. But last week one of his deputies, Jon Cunliffe, who opposed November´s rate rise, said pay growth did not seem to be breaking out of its recent 2.5-3.0 percent range and heading towards the 3 percent growth rate that the BoE predicts for the end of the year.


Orders rain at Farnborough for Boeing and Airbus

Orders rain at Farnborough for Boeing and Airbus

Going into Farnborough , Airbus was trying to iron out the last hurdles to a 60-jet order from David Neeleman, founder of JetBlue Airways Corp, and a group of investors who are trying to start a new U.S. "There's already been an impact with raw materials, with the costs of production and lead times", she said. I think the market had to pause a little bit until we could deliver consistently and get to ramp up and rate.



Blue Origin will perform a high-altitude abort test at 10AM ET

As planned, the high-altitude firing pushed the capsule past the boundary of outer space, to an unofficial maximum altitude of 389,846 feet, or 119 kilometers. If all goes well, the demonstration may well see Blue Origin closer to flying people on brief trips to space. The Reuters news agency, quoting an unnamed source, recently reported that tickets were expected to initially cost between $200,000 and $300,000, making it competitive with rides aboard the winged spaceplane Richard Branson's ...


Papa John's founder calls resignation a 'mistake'

Papa John's founder calls resignation a 'mistake'

Papa John's stock has fallen more than 33% in the past 12 months as it struggles to compete with its larger rivals Pizza Hut and Domino's. 'I really try to be considerate of other people's feelings with what I say or what I do. Ritchie said he would personally lead the effort. "Until that time we can not expect the media to know the truth". A special committee, which ordered the termination of his role as spokesperson, has requested he stop making media appearances.


Papa John's founder throws shade at NFL, Roger Goodell

Papa John's founder throws shade at NFL, Roger Goodell

The situation illustrates the difficulty when companies are closely tied to a single person, and that Papa John's may need to publicly distance itself further from Schnatter after dealing with backlashes brought about by his comments. "So, yeah they tried to extort us and we held firm", Schnatter said . Ritchie said he would personally lead the effort. Former hedge fund manager and commentator Jim Cramer told CNBC Thursday that Papa John's has been under-performing compared with Domino's, ...


Papa John's founder apologizes after reportedly using slur

Papa John's founder apologizes after reportedly using slur

Schnatter avoid future public relations blunders involving race. The business leader used the "N-word" to claim Harland "Colonel" Sanders said the word to black people. Papa John's is the world's third-largest pizza chain, with almost 4,900 outlets worldwide. Papa John's was the longtime exclusive pizza sponsor of the NFL , but ended its partnership with the league earlier this year under new CEO Steve Ritchie.