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Business - Wal-Mart chief merchandiser departs just before Black Friday: memo

(Reuters) - Wal-Mart Stores Inc Chief Merchandising Officer Duncan Mac Naughton has decided to leave the retailer to pursue new opportunities, according to a company memo provided to media. The move comes as Wal-Mart and other retailers gear up for the holiday shopping season. Greg Foran, head of the retailer`s U.S. operations, said in the memo that he had decided not to name a new chief merchandising officer at this time and would have other team members report directly to him. (Reporting by Nathan Layne; Editing by Lisa Von Ahn)

Tuesday, November 25, 2014  16:12


World - Rise of forensic forgery detectives

It could be the find of the century, or something much more suspicious. `La Bella Principessa` -- a 13 inch tall pen-and-ink portrait of a Florentine woman with a Mona Lisa-esque smile -- sat in a drawer for decades, before being `rediscovered` and attributed as a lost $150 million masterpiece by Leonardo da Vinci.

Tuesday, November 25, 2014  14:13


Business - Wal-Mart U.S. chief merchandiser departs just before Black Friday

(Reuters) - Wal-Mart Stores Inc said its U.S. chief merchandising officer was leaving the company in a management shuffle just as the crucial holiday shopping season kicks into gear.

Tuesday, November 25, 2014  18:56


Business - Chesapeake Energy loses in $1.3 billion bond dispute appeal

NEW YORK (Reuters) - A divided federal appeals court said Chesapeake Energy Corp had no right to redeem $1.3 billion of notes early at a favorable price, saying the second-largest U.S. natural gas company waited too long to tell investors of its plans.

Tuesday, November 25, 2014  19:50


Business - Wal-Mart`s chief merchandising officer to leave: WSJ

(Reuters) - Wal-Mart Stores Inc`s Chief Merchandising Officer Duncan Mac Naughton is expected to announce his departure from the world`s largest retailer just days before Black Friday, the Wall Street Journal reported, citing people familiar with the matter. Mac Naughton joined the company in 2009 as chief merchandising officer of Wal-Mart Canada and moved over to the merchandising operations at the U.S. business in 2010, the Journal said. ( Representatives at Walmart did not immediately respond to an email seeking comment outside regular business hours. ...

Tuesday, November 25, 2014  06:39


World - British insurer Aviva reveals talks to buy rival for £5.5bn

London (AFP) - British insurer Aviva said late Friday that it is in advanced talks to buy rival Friends Life for £5.5 billion ($8.6 billion, 6.9 billion euros) to create the nation`s biggest insurance, savings and asset management firm.

Friday, November 21, 2014  22:16


World - Royal Bank of Scotland fined for IT failure: regulator

London (AFP) - British financial regulators have fined state-owned Royal Bank of Scotland a combined £56 million for a series of IT failures that left customers unable to access services, they said Thursday.

Thursday, November 20, 2014  08:38


World - British house prices soar 12.1% in one year

London (AFP) - British house prices soared by a whopping 12.1 percent to an average of £273,000 in the year to September , the fastest rate of growth in more than seven years, official figures showed on Tuesday.

Tuesday, November 18, 2014  11:19


World - Two blasts hit Kabul, seven Afghan soldiers wounded

By Mirwais Harooni KABUL (Reuters) - Two explosions shook the Afghan capital on Tuesday, leaving seven army officers wounded after a bomb attack on their bus, while a grenade blast in the diplomatic quarter caused no casualties but led to the arrest of a suspect, officials said. Kabul has suffered a growing number of bombings by the Taliban and other jihadist militants as foreign combat troops withdraw from a 13-year-long war, leaving behind a smaller support mission. ...

Tuesday, November 25, 2014  10:18


World - At least 13 killed in Egypt by building collapse

CAIRO (AP) At least 13 people were killed when a seven-story building collapsed in the western Cairo suburb of Matariya early Tuesday, police officials said.

Tuesday, November 25, 2014  09:06

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