NEW YORK (AP) — The dollar is rising against most major currencies after a government report showed more people in the U.S. applied for unemployment benefits then were expected.
The news sent investors nervous about slowing economic growth searching for less risky currencies.
The dollar gained against the euro and pound in morning trading Thursday, and the Swiss franc hit a new record high against the euro.
The U.S. L
CHESHIRE-BASED Holidaybreak has begun its sell-off of non-core businesses as it looks to refocus on the education market.
The education and activity travel group today announced the sale of its subsidiary West End Theatre Bookings for £10.9m to theatre booking firm Encore Tickets.
Martin Davies, chief executive of Holidaybreak , said: “The sale demonstrates our commitment to strengthen the education share of the Group as part of our longer term growth strategy to become the leading educational travel provider in Europe.
“At the same time, we are saddened to see West End Theatre Bookings leave the Holidaybreak Group but we believe Encore Tickets, a leading ticket agency, will provide a good home with both businesses strategically focused on providing theatre tickets to the consumer.”
Mr Davies became group chief executive in April, 2010, and one of his challenges has been to reduce the company’s debt, with the proceeds of today’s deal being used for that purpose.
At the end of its last financial year, September 30, it had net debt of £99.7m. It recorded
Is compound interest preventing you from paying down your credit card debt?
Would a card with a super long 0% intro APR period on both purchases and balance transfers get your attention?
I’m sure it would because zero APR credit cards is a great way to pay down the balance by simply transferring it from your high interest card to a new 0 percent interest card.
But you want to make sure that you pay off the balance before the introductory rate ends. Many of the offers you’ll see range from 3 to 6 months which may not be enough time.
So let’s review some of the top credit cards offering a 0% introductory rate:
Discover More Card
This card offers the best of both worlds because you have a zero percent APR on both transfers and purchases for 15 months. Even
Expanding globally and marketing to the next generation customer are Wal-Mart’s long-term goals, its CEO told shareholders Friday, but the company also needs to fix slumping U.S. sales.
Wal-Mart President and CEO Mike Duke outlined a five-point program at the company’s annual meeting to help the company sell more on the Internet at home and abroad while keeping costs and prices low.
He commented that their next-generation customer will include millions who are striving to join the emerging global middle class. They’re connected to the world through smartphones and social media. Full Article…
While it is difficult for economists to agree on anything, in Canada they generally agree that one of the countrys major challenges is its abysmal productivity growth.
This shortcoming is frequently highlighted by the Bank of Canada, the Organisation for Economic Cooperation and Development and the International Monetary Fund and mars an otherwise very positive economic report card.
Although Canadas overall productivity performance is definitely sub-par, a recent analysis by economists Ricardo de Avillez and Chris Ross at the Centre for the Study of Living Standards reveals that over the period 1997 to 2007 productivity in some parts of the country was significantly better than it was in others.
For example, among the ten provinces, annual growth of labour productivity in Newfoundland and Labrador averaged 4.8%, almost three times faster than the 1.7% rate recorded by the country as a whole.
SOMERSET – The townwide drinking water ban in effect in Somerset has affected local business, including some restaurants that decided to close for the day on Wednesday, The Herald News reported.
The drinking water ban was put in place after a company that did not have permission to do so, hooked into a fire hydrant for hydroseeding, which caused the material, which contains some fertilizer, to back into the public water supply.
Town officials are waiting for the results of a water supply test before lifting the ban which was in effect as of Thursday morning.
The company, Hydrograss Technologies, could be charged with larceny of town water and wanton injury to property, and be held responsible for the estimated $20,000 bill for ban-related costs. <
