Although Google’s stock keeps hitting new all-time highs, it may not necessarily suffer the same fate as Apple.
Protecting consumers ought to be the priority and it is hard to believe HMV’s fate would have been different had it been obliged to tell Christmas shoppers it couldn’t sell them vouchers
Administrator Deloitte has studied HMV’s business and, thankfully, decided that gift vouchers can be honoured after all. The saga, though, feels unsatisfactory. It is clearly deeply unfair that consumers, who cannot be expected to monitor the financial health of high street names, are put in the position of unsecured creditors when administration happens.
It is also a nonsense that HMV, which warned before Christmas of “material uncertainties facing the business” and a probable breach of banking covenants, could be free to continue selling vouchers.
The law should be changed to stop the latter abuse in future. The only serious objection is that vulnerable retailers might hasten their demise by advertising their frailties and, potentially, losing custom.
Yes, that’s a risk but protecting the consumer ought to be the priority. In HMV’s case, the outstanding vouchers are worth £6m-£7m. It is hard to believe the fate of the company would have been any different if it had been obliged to tell Christmas shoppers: sorry, it couldn’t sell them a voucher at that time.
Globe and Mail
Chavez's socialist rule at risk as Venezuelans vote
(Note: Election law forbids publication of polls in Venezuela for a week before voting) By Daniel Wallis and Todd Benson CARACAS (Reuters) – Venezuelans vote on Sunday with President Hugo Chavez facing the biggest electoral challenge yet to his …
Venezuela Presidential Election Sunday
Venezuelans to Determine Chavez's Fate in Closest Election Yet
Venezuela vote a critical test for divided nation
Investors are becoming increasingly concerned about the fate of Knight Capital Group, pushing its stock price closer to $2 in premarket trading Friday
Go here to see the original: Knight Capital stock rebounds
After getting burned by the national government in the bank bailout, Spanish investors have understandably shunned government debt. Now the euro’s fate lies in Spain.
EU leaders prepare to meet for a closely watched two-day summit on the fate of the euro with heads of state divided about the best path forward.
View post: EU seeks new strategy for euro
Dwight King has been living in a hotel since the Los Angeles Kings recalled him from the minors just over three months ago, and the playoff hero isn’t about to move out of his temporary digs.
View post: Kings attempt to keep focus
A jury is about to decide the fate of a Nova Scotia man who told police he accidentally killed his fiancée during a night of drunken sex. WARNING: Graphic details
Omar Khadr is anxious to return to Canada and “become a contributing member of our society,” his Toronto lawyer says, as the federal government confirms the Canadian Guantanamo Bay prisoner’s fate is now in its hands.
The rest is here: Omar Khadr transfer request in Ottawa’s hands
NEW YORK (TheStreet) — The U.S. Supreme Court could create a real conundrum for health care companies in June.
The court on Wednesday ended three days of oral arguments that have served to stoke uncertainty about the fate of the Patient Protection and Affordable Care Act, otherwise known as Obamacare.
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