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World Bank Spins Out Of Control: Corruption, Dysfunction Await New President

It's presidential inauguration time in Washington. Not for the person who will helm the federal government--that comes in six months--but instead for Dr. Jim Yong Kim, the man taking the reins of an organization even more lumbering, and far less accountable: the World Bank.<p>With 188 member countries …

Why Warren Buffett Just Bought Duracell

All signs indicate that Buffett has once again found another wonderful business at a fair price.<p>The last few months have been a busy for Warren …

Rich people prefer to bank with Wells Fargo and Bank of America

NEW YORK (MarketWatch) — Bank of America Corp. and Wells Fargo & Co. came out on top in a new study about which banks high-net-worth individuals …

Justin King defends Sainsbury's legacy

Exclusive interview with the former chief executive of J Sainsbury, Justin King<p>If Dave Lewis is looking for reassurance that Tesco can be rescued from its troubles, he should look no further than its great rival J Sainsbury.<p>Ten years ago last month, the then new chief executive of Sainsbury’s …

Tesco’s Downfall Is a Warning to Data-Driven Retailers

Tesco’s chairman has resigned in disgrace. The company’s market value has more than halved to an 11-year low as it acknowledged overstating profits by hundreds of millions of dollars. And a humbled Warren Buffett, after opportunistically raising his stake in the company after a surprise profit …

Yahoo is now part of Oath

Before you continue...<p>Yahoo is now part of the Oath family. Due to EU data protection laws, we (Oath), our vendors and our partners need your consent …

Data Protection

Ban free accounts, say Tesco and Virgin banks

Tesco Bank and Virgin Money are spearheading a campaign to force banks to introduce monthly fees for current accounts.<p>The two ‘challenger’ banks were …

Finance

Sainsbury's looks for savings to get competitive edge

LONDON (Reuters) - Cutting costs, investment, prices and dividends are likely to be among the initiatives announced by new Sainsbury’s boss Mike Coupe on Wednesday, when he reveals his plan for coping with the toughest market conditions for decades.<p>Shopping trolleys are seen parked at a Sainsbury's …

Banking is set up for scandal – don’t blame the individuals

Bankers are human as the rest of us, which is why we need to rethink the size, structure and unwieldiness of the banking system itself<p>Imagine that you were wired $1.5m by mistake. What would you do? Well, that’s hardly a serious question you say. Return it post haste of course. But would you …

Tesco Hudl2 review: The UK's best value tablet

A supermarket turned tablet maker doesn't sound like the wisest of career progressions. Tesco's not your average supermarket, though. When you consider the Tesco machine also operates video- and music-streaming services, an e-book store and an online emporium selling everything from garden …