Today's letter from the Editor
Today's Matrices
iJobs Job Widget
iJobs General

Retail Business Analyst

£300 - £350 per day + competitive: Progressive Recruitment: Ecommerce/Retail/E...

Project Coordinator

Competitive: The Green Recruitment Company: The Organisation: The Green Recrui...

Project Manager (HR)- Bristol - Upto £400 p/day

£350 - £400 per annum + competitive: Orgtel: Project Manager (specializing in ...

Embedded Linux Engineer

£40000 - £50000 per annum + competitive: Progressive Recruitment: Embedded Sof...

The Business Matrix: Tuesday 29 November 2011

 

US shoppers go on £7bn spree

American consumers went on an $11.4bn (£7bn) spending binge on Black Friday, the day after Thanksgiving that marks the start of the holiday shopping season, and retailers reported the bonanza continued yesterday on so-called Cyber Monday, when e-commerce sites offer their own discounts and deals.

Facebook admits Merck mistake

Facebook has admitted it made a mistake in letting the US drug group Merck & Co take over a page on its website from its German rival Merck KGaA. The move prompted Merck KGaA to turn to a New York court to force Facebook to explain how it lost its page to Merck & Co, which has been a separate company since the First World War.

Judge rejects Citi settlement deal

Citigroup will face a trial over allegations that it defrauded investors in a $1bn (£640m) mortgage derivative deal in the lead-up to the credit crisis. The bank had agreed with Wall Street regulators to pay $285m (£183m) to settle the charges without admitting wrongdoing, but US Judge Jed Rakoff has angrily rejected the agreement.

TM Lewin plans overseas boost

The officewear retailer TM Lewin reported a slowdown in the UK yesterday but revealed ambitious plans to double sales by expanding overseas. The company, which recently opened its 100th store in the UK, selling shirts and ties, said its half-yearly UK sales were up 7 per cent, while international sales rose26 per cent.

Dramatic fall in global air freight

Global air freight traffic was 4.8 per cent lower in October than a year ago, according to the aviation trade group Iata. It said: "Since mid-year the market has shrunk almost 5 per cent and this is far greater than the 1 per cent fall in world trade. Air freight is among the first sectors to suffer when businesses' confidence declines."

Unilever staff vote for strike action

Workers at the consumer goods giant Unilever have voted to strike in protest at plans to close their final salary pension scheme. The GMB union said its members based at the company's sites in Warrington, Cheshire and Norwich in Norfolk backed industrial action by three to one.

Weston bought by Senior for £54m

Senior has bought the privately owned Weston Group, which makes precision machined parts and assemblies for the aerospace industry, for £54m. Weston, located in Lancashire and with facilities in Thailand, counts Rolls-Royce, Spirit Aerosystems and Contour Aerospace among its largest clients.

Laird chief retires due to ill health

The wireless components designer Laird said its chief executive Peter Hill has stepped down due to ill health. Its chairman, Nigel Keen, will take over running the company until a replacement is found. The company said it remained confident of hitting medium-term targets.

KKR grabs lifeline in $1.1bn CSG deal

The private equity group KKR is buying Capital Safety Group (CSG), a manufacturer of safety equipment such as harnesses to protect against falls, for $1.12bn (£721m). The business is being brought from Arle Capital Partners, the former buyout arm of Candover. Candover decided to wind itself up last year.

BHP Billiton FD retires

The mining giant BHP Billiton announced the surprise retirement of its popular chief financial officer, Alex Vanselow, yesterday. Mr Vanselow, 49, is quitting in February 2012 to pursue personal business interests and will be replaced by Australian Graham Kerr, who is just 40 years old.

Career Services

Day In a Page

Save the tiger: The animals bred for bones on China’s tiger farms

The animals bred for bones on China’s tiger farms

The big cats kept in captivity to perform for paying audiences and then, when dead, their bodies used to fortify wine
A former custard factory, a Midlands bog and a Leeds cemetery all included in top 50 hidden spots in the UK

A former custard factory, a Midlands bog and a Leeds cemetery

Introducing the top 50 hidden spots in Britain
Ebola epidemic: Plagued by fear

Ebola epidemic: Plagued by fear

How a disease that has claimed fewer than 2,000 victims in its history has earned a place in the darkest corner of the public's imagination
Chris Pratt: From 'Parks and Recreation' to 'Guardians of the Galaxy'

From 'Parks and Recreation' to 'Guardians of the Galaxy'

He was homeless in Hawaii when he got his big break. Now the comic actor Chris Pratt is Hollywood's new favourite action star
How live cinema screenings can boost arts audiences

How live cinema screenings can boost arts audiences

Broadcasting plays and exhibitions to cinemas is a sure-fire box office smash
Shipping container hotels: Pop-up hotels filling a niche

Pop-up hotels filling a niche

Spending the night in a shipping container doesn't sound appealing, but these mobile crash pads are popping up at the summer's biggest events
Native American headdresses are not fashion accessories

Feather dust-up

A Canadian festival has banned Native American headwear. Haven't we been here before?
Boris Johnson's war on diesel

Boris Johnson's war on diesel

11m cars here run on diesel. It's seen as a greener alternative to unleaded petrol. So why is London's mayor on a crusade against the black pump?
5 best waterproof cameras

Splash and flash: 5 best waterproof cameras

Don't let water stop you taking snaps with one of these machines that will take you from the sand to meters deep
Louis van Gaal interview: Manchester United manager discusses tactics and rebuilding after the David Moyes era

Louis van Gaal interview

Manchester United manager discusses tactics and rebuilding after the David Moyes era
Will Gore: The goodwill shown by fans towards Alastair Cook will evaporate rapidly if India win the series

Will Gore: Outside Edge

The goodwill shown by fans towards Alastair Cook will evaporate rapidly if India win the series
The children were playing in the street with toy guns. The air strikes were tragically real

The air strikes were tragically real

The children were playing in the street with toy guns
Boozy, ignorant, intolerant, but very polite – The British, as others see us

Britain as others see us

Boozy, ignorant, intolerant, but very polite
How did our legends really begin?

How did our legends really begin?

Applying the theory of evolution to the world's many mythologies
Watch out: Lambrusco is back on the menu

Lambrusco is back on the menu

Naff Seventies corner-shop staple is this year's Aperol Spritz