US retailer Target apologises after its labelling of a plus-sized dress after a rotund marine mammal triggered online uproar.
Go here to see the original: US retailer’s plus-sized dress gaffe
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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...
Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday
Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...
UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...
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Category : Business
US retailer Target apologises after its labelling of a plus-sized dress after a rotund marine mammal triggered online uproar.
Go here to see the original: US retailer’s plus-sized dress gaffe
Netflix shareholder rights plan, which could scupper any takeover bid, comes as activist investor snaps up 10% stake
Netflix, the online video company, has inserted a poison pill into its share structure less than a week after activist investor Carl Icahn disclosed a stake of nearly 10%.
The shareholder rights plan is designed to make it difficult, or even impossible, for someone to take over the company without an agreement from the board. When the provision is triggered, additional shares flood the market and make it prohibitively expensive for a takeover.
Netflix, which has more than 1 million subscribers in the UK, said the provision would be triggered if a person or group acquires 10% of the company, or 20% in the case of institutional investors, in a deal not approved by the board.
“Adopting a rights plan is a very reasonable thing to do in light of the recent accumulation of a lot of Netflix stock by an activist shareholder,” its spokesman Jonathan Friedland said on Monday.
Icahn disclosed last Wednesday that he spent some of his $14bn fortune on his 10% stake. The documents he filed did not disclose why Icahn and his investment funds have been buying 5.5m Netflix shares since early September. But it is likely that he would press Netflix to make dramatic changes to boost its stock price.
The company has been stumbling since it raised its US prices by up to 60% last year. The move triggered a backlash that resulted in the loss of hundreds of thousands customers and raised concerns on Wall Street that its chief executive and co-founder, Reed Hastings, would have trouble paying for an ambitious plan to expand the company’s service into dozens of other countries.
Category : Stocks
MANILA, PHILIPPINES–(Marketwire – Aug. 8, 2012) - Save the Children is ready to respond to the needs of thousands of displaced children and their families, after floods triggered by torrential rain from the Southwest Monsoon swept through Manila and the National Capital region.
Read the rest here: Save the Children Ready to Respond as Thousands of Children Flee After Floods Hit Filipino Capital
At least 35 people dead and several others missing in floods triggered by heavy rain in Jos city.
Read the original post: Dozens killed in central Nigeria floods
Category : Business
Wage subsidies for firms hiring jobless 18 to 24-year-olds will be triggered earlier in 20 deprived areas, Nick Clegg announces.
See the article here: Wage subsidies brought forward
Category : World News
Stock markets fall after weaker-than-expected jobs data from the US on Friday triggered concerns about the global economic recovery.
View original post here: Shares drop again on weak US data