Business

Sir Philip Green apologises to workers for 'hardship' caused by BHS collapse

Sir Philip Green apologises to workers for 'hardship' caused by BHS collapse

He said that the dividends were proportionate to the company's profits, adding that the retailer at the time was paying £160 million in profits. He added: "We are in very strong dialogue with the regulator for a solution". Field and Green have repeatedly clashed through the course of the parliamentary investigation into the well-known high street retailer. The company went into administration 13 months later.


Apple's New MacBook Pro Expected To Launch This Month

Apple's New MacBook Pro Expected To Launch This Month

Citing a "reliable Chinese supplier", it goes on to say the new MacBook Pros will drop the traditional USB ports for the newer, and much less widespread, USB-C ports. Lastly, Apple replenished its Thunderbolt Display on June 23, and it was reported that Apple is working on a new display. Apple did not immediately respond to a request for comment.


Starbucks plans to double stores in China in 5 years

Starbucks plans to double stores in China in 5 years

The firm lowered its rating on SBUX from Buy to Hold. Deutsche Bank analysts downgraded the stock to Hold from Buy. The forecast of 23 surveyed investment analysts covering the stock advises investors to Buy stake in the company. Mckinley Capital Management LLC Delaware now owns 201,422 shares of the coffee company's stock valued at $12,025,000 after buying an additional 87,228 shares in the last quarter.


Pfizer Seeks Piece of J&J's Largest Pie With Remicade Biosimilar

Pfizer Seeks Piece of J&J's Largest Pie With Remicade Biosimilar

Excluding certain items, adjusted earnings ticked up to $1.68 a share. The world's biggest maker of health care products handily beat Wall Street's expectations and raised the lower end of its 2016 profit forecast. "By introducing Inflectra to the US marketplace, Pfizer is helping customers access an additional high-quality treatment option that promises greater savings for the health care system", said Diem Nguyen, regional president North America of Pfizer Essential Health Business.


M&Ms add a new filling to their lineup

M&Ms add a new filling to their lineup

The company described them as having soft caramel centers enrobed in chocolate and coated in a crunchy candy shell. One would wonder why it took so long for a caramel M&M to join the Mars portfolio, considering other brands include caramel-laden sweets such as Milky Way and Twix, but the engineering took a few years to develop.



World oil production climbs again; but so should demand, agency says

This means production outside the cartel is expected to jump by 240,000 barrels per day next year compared to this year, a slightly higher revision of its initial forecast. World oil output grew by 200,000 barrels per day on the year, or about two-tenths of a percent, to 97.2 million barrels per day, the IEA report said.