Business

 Barnes & Noble shares soar on report of privatization offer
Barnes & Noble shares soar on report of privatization offer

An activist investor has proposed taking Barnes & Noble private but the company does not consider the offer genuine, the book chain said Thursday. Its shares soared on the report.

Sandell Asset Management approached the company with a proposal valuing it at more than $650 million, the company said. The proposal would require debt financing of about $500 million, according to the bookseller. Sandell's CEO previously said the chain would...

November 17, 2017

 Walmart's online bets paying dividends in the age of Amazon
Walmart's online bets paying dividends in the age of Amazon

A surging online business and strong food sales boosted Walmart's results Thursday ahead of the holiday season, a day after its rival Target offered a cautious forecast that overshadowed progress it has made in bringing more customers to its stores.

But Walmart's huge investments in its online business and its fleet have helped to put distance between itself and other traditional retailers. Since buying Jet.com for more than $3 billion...

November 17, 2017

 Asian shares mostly higher on US earnings, tax progress
Asian shares mostly higher on US earnings, tax progress

KEEPING SCORE: Japan's benchmark Nikkei 225 added to gains a day after a big, adding 0.2 percent to 22,404.85. South Korea's Kospi added 0.2 percent to 2,539.25. Hong Kong's Hang Seng index gained 0.7 percent to 29,224.42 but the Shanghai Composite index lost 0.4 percent to 3,385.33. Australia's S&P/ASX 200 rose 0.3 percent to 5,958.80.

EARNINGS ROUNDUP: Strong third-quarter earnings reports from big U.S. companies helped lift investor...

November 17, 2017

 World stocks mixed as global market rally loses momentum
World stocks mixed as global market rally loses momentum

Asian shares were mostly higher but European shares fell Friday as healthy U.S. earnings and progress on President Donald Trump's tax reform plan weren't enough to sustain momentum in global markets.

ASIA'S DAY: Japan's benchmark Nikkei 225 rose 0.2 percent to end at 22,396.80 while South Korea's Kospi ended nearly flat at 2,533.99. Hong Kong's Hang Seng index gained 0.6 percent to 29,199.04 but the Shanghai Composite index lost 0.5 pe...

November 17, 2017

 Nissan execs taking pay cuts over bogus vehicle inspections
Nissan execs taking pay cuts over bogus vehicle inspections

Saikawa did not say how big the pay cuts would be or who else would take them. He said "voluntary return of a part of his pay" started last month and will continue through March 2018, the end of the fiscal year.

The faulty inspections affect only vehicles sold in Japan, not exports. Because of the problems, Nissan is recalling more than a million vehicles for further inspections

Saikawa said it was puzzling why the practice was ...

November 17, 2017

 Global stocks mostly slide after disappointing Chinese data
Global stocks mostly slide after disappointing Chinese data

KEEPING SCORE: France's CAC 40 shed 0.3 percent to 5,325 and Germany's DAX fell 0.2 percent to 13,053. Britain's FTSE 100 added nearly 0.1 percent to 7,420. U.S. shares were set to drift lower, with Dow and S&P 500 futures both down 0.2 percent.

ANALYST VIEWPOINT: "Risk appetite was . dithering," analysts from Mizuho Bank Ltd. said in a commentary. "The mood is certainly nowhere near the exuberance earlier this year."

U.S. TAXES...

November 17, 2017

 World stocks mixed as global market rally loses momentum
World stocks mixed as global market rally loses momentum

Asian shares were mostly higher but European shares fell Friday as healthy U.S. earnings and progress on President Donald Trump's tax reform plan weren't enough to sustain momentum in global markets.

ASIA'S DAY: Japan's benchmark Nikkei 225 rose 0.2 percent to end at 22,396.80 while South Korea's Kospi ended nearly flat at 2,533.99. Hong Kong's Hang Seng index gained 0.6 percent to 29,199.04 but the Shanghai Composite index lost 0.5 pe...

November 17, 2017

 Walmart's online bets paying dividends in the age of Amazon
Walmart's online bets paying dividends in the age of Amazon

A surging online business and strong food sales boosted Walmart's results Thursday ahead of the holiday season, a day after its rival Target offered a cautious forecast that overshadowed progress it has made in bringing more customers to its stores.

But Walmart's huge investments in its online business and its fleet have helped to put distance between itself and other traditional retailers. Since buying Jet.com for more than $3 billion...

November 17, 2017

 AP photographer tells how Mnuchin photo came to be
AP photographer tells how Mnuchin photo came to be

The Associated Press photo shows Mnuchin holding a sheet of the new bills as his wife Louise Linton stands behind him, her gloved hands touching a corner.

Here is how Jacquelyn Martin, the photographer who took the photo, tells it.

My assignment (Wednesday) morning was to photograph Treasury Secretary Steven Mnuchin and U.S. Treasurer Jovita Carranza getting a glimpse of the first dollar notes with their signatures on them.

<...

November 17, 2017

 Nissan execs taking pay cuts over bogus vehicle inspections
Nissan execs taking pay cuts over bogus vehicle inspections

Saikawa did not say how big the pay cuts would be or who else would take them. He said "voluntary return of a part of his pay" started last month and will continue through March 2018, the end of the fiscal year.

The faulty inspections affect only vehicles sold in Japan, not exports. Because of the problems, Nissan is recalling more than a million vehicles for further inspections

Saikawa said it was puzzling why the practice was ...

November 17, 2017

First fall in UK annual retail sales since 2013, Carney says Bank will be nimble over Brexit - as it happened
First fall in UK annual retail sales since 2013, Carney says Bank will be nimble over Brexit - as it happened

UK retail sales fell for the first time in October, year-on-year, since 2013, despite stronger-than-expected growth over the month

After recent declines, it was a slightly rosier picture for stock markets today, helped by some positive results from US businesses Wal-Mart and Cisco and some relatively positive economic news. But worries about the Republicans’ US tax reforms mean investors remain cautious. David Madden, market analyst at C...

November 17, 2017


	The top 10 hatches from the past for £2,000
The top 10 hatches from the past for £2,000

If you want to buy a brand new hot hatch today, expect to fork out more than £40,000 if you want a Mercedes-AMG A45.

They're not all that expensive of course. The latest Honda Civic Type R, for example, is the hot hatch hero car of the moment. However, it's still not cheap at £30,995, and the one most drivers want – the GT – costs an extra £2,000 on top.

This got This is Money thinking. Instead of buying a new Honda Civic Type R GT...

November 17, 2017


	37% of properties on the market have had price slashed
37% of properties on the market have had price slashed

Homebuyers could benefit from falling prices this autumn, as more than one in three homes currently for sale have had original prices slashed, new research suggests. 

Some 37 per cent of available properties on Rightmove have seen their price lowered since when they first came to market – the highest proportion in this period for five years, suggesting an 'Autumn sale. 

Many potential home sellers appear to be unrealistic over pric...

November 17, 2017


	Bean helps you switch energy or insurance automatically
Bean helps you switch energy or insurance automatically

Shopping around to save money and get the best deal - we all know we ought to but how many of us actually do?

At This is Money, we're constantly badgering you to look at how much you're paying for your gas, electricity, mobile phone, Sky, broadband, mortgage, car insurance, home insurance, pet insurance - the list of products you're probably overpaying on is seemingly endless.

But in spite of the reality that most of us (and I incl...

November 17, 2017


	$466k payment from Canada to UK went missing at Barclays
$466k payment from Canada to UK went missing at Barclays

A retired couple planning to buy a home in Cornwall were left waiting in desperation for ten days after their life savings went missing during a routine payment. 

They set up a transfer to move their funds, $466,000 Canadian dollars - or £275,000 - to Britain to buy the property.

But eight days after the house purchase was supposed to go through, the money had still not arrived in the UK account, leaving their plans in tatters. November 17, 2017


	DVSA launches new text message MOT reminder service
DVSA launches new text message MOT reminder service

It's a question that can send a cold chill up the spine of motorists and usually results in a frantic search for the latest certificate that shows the expiry date.

But after years of calls for a reminder service - similar to car insurance and tax prompts sent out in the post - the Government has launched a text message alert that tells owners that their car's MOT is due in four weeks' time.

Four weeks' notice: Drivers can now sign-...

November 17, 2017


	Driving examiners to stage 48-hour strike next month
Driving examiners to stage 48-hour strike next month

Some 10,000 learner drivers who are due to take their driving tests in early December face cancellations after examiners today threatened a 48-hour walkout next month in protest over controversial changes.

New additions to the driving test, including a new reversing manoeuvre and sat-nav prompted routes, will come into force from December 4, and it has attracted widespread criticism over recent months.

Not only have learners voiced...

November 17, 2017


	Royal Mail admits staff face 'difficult times'
Royal Mail admits staff face 'difficult times'

The group is also in the process of moving its workforce to a new defined benefit pension scheme, but continues to face stiff opposition from unions.

Challenging times: Royal Mail admitted the company and its staff are facing a 'difficult time'

Royal Mail's share price is down 1.02 per cent to 385.05p.

While the group's annual results hang on the crucial Christmas period, Royal Mail said the 'industrial relations environment'...

November 17, 2017


	SEAT reveals in-car breathalyser that disables the vehicle
SEAT reveals in-car breathalyser that disables the vehicle

Drink driving is a big killer in the UK, but new technology being previewed by one vehicle manufacturer could make it a thing of the past.

Some 200 people lost lives and a further 8,270 were injured in drink-driving incidents in the UK in 2015, according to the latest Department for Transport stats.

Called the Leon Cristobal, the family hatchback will only start if all occupants in the car have their seatbelts fastened and the driv...

November 17, 2017


	UK second-hand shops enjoy sales boost amid retail results
UK second-hand shops enjoy sales boost amid retail results

Retail sales rose by a better-than-expected 0.3% last month, the Office for National Statistics revealed today.

In the retail sector as a whole, the volume of products snapped up by shoppers fell by 0.3 per cent when compared to October 2016 however, and for the three months to October sales dipped 0.9 per cent on a year ago.

Dip: In the retail sector as a whole, the volume of products snapped up by shoppers fell by 0.3 per cent i...

November 17, 2017