Business week in review
Sunday 04 November 2012
Dame Marjorie Scardino may soon be leaving Pearson, but that hasn't hurt her eye for a deal. On Monday, the Financial Times owner agreed to merge Penguin with US giant Random House, creating a powerhouse in the global books market.
BP boss Bob Dudley cheered investors with a better-than-expected third-quarter profit of $5.2bn (£3.5bn) and raised the dividend payout to nine cents. Next chief executive Lord Wolfson increased full-year profit expectations to £590m-£620m after strong autumn trading.
At a loss...
The knives were out this week, with Apple head of retail John Browett among the first to feel the blade on Monday. Only six months after joining from the Dixons chain, he lost his job in a management overhaul.
This column’s sympathies go to UBS chief executive Sergio Ermotti, who claimed on Tuesday that taking the axe to 10,000 jobs was “difficult”, particularly in a business “which is all about its people”. On Wednesday, Barclays boss Antony Jenkins revealed two fresh probes by US regulators.
- 1 Marijuana use by teenagers does not result in a lower IQ or worse exam results, study finds
- 2 Watch what happened when food critics were unknowingly served McDonald's
- 3 Jimmy Carr's controversial Oscar Pistorius joke goes too far at the Q Awards
- 4 Australian café owner sparks debate after saying 'No' to having unruly children on premises
- 5 NHS staff banned from drinking tea or coffee on the job because it looks like they're not working hard enough
Renee Zellweger on plastic surgery: 'I'm living a more fulfilling life and I'm thrilled that perhaps it shows'
Kim Jong-un 'purge': Six North Korea officials missing for weeks 'may have been executed'
Diwali: What is the festival of lights – and how is it celebrated around the world?
Nathan Cirillo: Final pictures emerge of soldier moments before he was shot dead by Ottowa gunman
Jimmy Carr's controversial Oscar Pistorius joke goes too far at the Q Awards
Of course, teenage girls need role models – but not like beauty vlogger Zoella
Cameron is warned 'no possibility' of UK reducing immigration and that bid to bring in quota on migrant workers would be illegal
Support for EU membership 'at highest level since 1991' with most Brits wanting to stay 'in'
Thousands with degenerative conditions classified as 'fit to work in future' – despite no possibility of improvement
Residents should throw a street party and mix with immigrant neighbours, councils told
Russell Brand threatened with arrest after filming outside Fox News headquarters
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