LONDON — Tesco is planning to axe 1,200 jobs at its head office, according to the Press Association. The news comes after the company announced it was cutting night shifts in some of its largest stores as part of cost-cutting measures, which could impact up to 3,000 jobs. More than 10,000 roles have been cut since Dave […]

Justin Sullivan/Getty The pressure-cooker sales practice that erupted into a full-blown scandal in 2016 date back two decades. The chicanery and fraud that has engulfed banking giant Wells Fargo in the past year has by now been well documented. Fabricating customer information and creating thousands of unauthorized customer accounts has resulted in $ 185 million […]

Bombardier Bombardier C-Series. Bombardier may be about to receive a fresh injection of cash from the far east. According to the FT’s Don Weinland and Peggy Hollinger, the Commercial Aircraft Corporation of China (COMAC) has held discussions to either buy a stake in Bombardier’s beleaguered commercial aircraft division or its next generation C-Series airliner program. […]

Sotheby’s and Reuters/Carlos Barria Trump owns Le Château des Palmiers. Trump is looking to get rid of his luxurious St. Martin estate. The home, which he purchased in 2013, is called Le Château des Palmiers. It’s a walled estate across nearly five acres, with both a main house and a guest house. In total, the compound […]

Thomson Reuters A hedge fund that told investors it couldn’t lose money is under SEC investigation, according to a Bloomberg News report. Statim Holdings, a small Atlanta-based hedge fund firm, had previously been investigated by Georgia regulators starting in 2015. Last summer, Bloomberg reported that Statim’s investors weren’t sure how the firm made its money […]

LONDON — A Financial Times investigation has found that several UK companies have used a controversial insolvency procedure to offload up to £3.8 billion of pension liabilities. The investigation found that 17% of the 868 schemes managed by the Pension Protection Fund (PPF) — a fund which picks up pension liabilities from failing companies — […]

Cedric Ribeiro/Getty Images A show held at the Fashion Forward event in the Dubai Design District. President Trump’s modeling agency could be in trouble. Three sources, including an anonymous fashion industry insider and two bookers who have previously worked with Trump Models, told Mother Jones that they’ve heard the agency is on the brink of closing […]

Sarah Jacobs Mario Wainer. One of New York’s most storied power-lunching spots could be on its way out. Tucked inside the Bloomberg Tower at 58th Street and Lexington Avenue, Le Cirque is one of New York City’s most famous restaurants. The restaurant, established in 1974 by Sirio Maccioni, has been a staple of the New […]

John Moore/Getty Images T-Mobile US CEO John Legere. The Japanese telecom SoftBank, which owns Sprint, is looking to make another run at T-Mobile US, Reuters’ Liana Baker reports. T-Mobile’s stock is up 5% on the news. This would be the second time Softbank has made an effort to acquire T-Mobile. It explored the idea in 2014, […]