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Debenhams Gets Breathing Room With 40 Million-Pound Credit Deal

The company also announced an agreement with export and logistics company Li & Fung Ltd. on a sourcing partnership for Debenhams own-brand products. The deal “will help us anticipate and respond more quickly to trends and our customers’ preferences, as well as delivering better quality product,� Chief Executive Officer Sergio Bucher said in a statement Tuesday. Debenhams, laden

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Debenhams Gets Breathing Room With 40 Million-Pound Credit Deal

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Big U.S. banks to take on tech rivals with instant payments

By David Henry NEW YORK (Reuters) – Depositors at some of the largest U.S. banks are finally going to get the chance to do something quick and simple: send money to another person's account instantaneously by mobile phone. “What we are doing now is delivering payments in real time, which is what our customers have asked for,” Mary Harman, managing director for payments at Bank of America, said in an interview. While technology companies like PayPal Holdings and Facebook Inc…

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Big U.S. banks to take on tech rivals with instant payments

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Allergan’s revenue beats on higher U.S. brand sales

(Reuters) – Allergan Plc reported better-than-expected quarterly revenue, helped by strong performance in its U.S. brands segment, and said it continues to expect its takeover by Pfizer Inc to close in the second

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Allergan’s revenue beats on higher U.S. brand sales

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Honeywell, United Technologies held merger talks: CNBC

(Reuters) – Aerospace component suppliers Honeywell International Inc and United Technologies Corp have held talks about a merger, CNBC reported on Monday, citing people familiar with the situation. United Tech's shares, part of the Dow Jones industrial average , jumped 6.6 percent to $93.90 in afternoon trading, while Honeywell's dipped 1.2 percent after earlier rising to…

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Honeywell, United Technologies held merger talks: CNBC

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Apple urges U.S. government to form commission on encryption issues

Apple Inc on Monday urged the creation of a government panel on encryption to help resolve a standoff over national security and data privacy that erupted last week after the technology company refused a U.S. government demand to unlock an iPhone linked to one of the killers in a mass shooting in California in December. It was the latest move in a public and symbolic showdown between the …

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Apple urges U.S. government to form commission on encryption issues