The Competition and Markets Authority (CMA) faced sharp criticism from consumer groups and challenger banks after it announced a package of retail banking reforms that it was claimed leave too much power in the hands of the high-street giants reports The Telegraph.
Richard Lloyd, executive director of Which?, branded the inquiry “weak” and claimed it will “leave it to consumers to change uncompetitive markets” as he called for reform to the CMA itself.
TORONTO — CBC is cutting 244 jobs from local news services across the country, shrinking its French and English offerings as it grapples with ongoing budget woes.
The cuts include 144 positions from English-language services and 100 job cuts on the French side, which include 20 vacant positions and retirements.
Jennifer McGuire, Editor-in-Chief of CBC News, announced the English layoffs in a note to staff, which stressed that no stations would close and all local radio programming is being maintained.
Online lender Mogo Finance Technology Inc. and Postmedia Network Inc. are teaming up with a novel marketing and revenue sharing agreement that opens the door to the media company buying shares in the fintech firm.
NEW DELHI: To cut costs, Air India is pruning the number of its foreign and local offices and has already shut down 23 booking offices in different parts of the country, the government said today. The decision to close booking offices has been taken with a view to control costs and reduce expenditure, Minister of State for Civil Aviation Mahesh Sharma told the Lok Sabha in a written reply. Within the country, the national carrier has closed down 23 booking offices, including those in Darjeeling, Surat, Allahabad, Agra, Kanpur, Leh, Mysore, Udaipur, Trichur, Amristar and Dehradun.
NEW YORK (AP) — TV station operator Tegna and Dish Network said Sunday they resolved their contract dispute, and that Tegna stations would return to Dish effectively immediately.Tegna had cut off Dish subscribers' access to its local channels Friday evening in more than three dozen markets because of a contract dispute. The dispute affected 46 TV stations operated by Tegna in 38 markets across 33 states. On Sunday, the two sides said they reached a multi-year agreement, but did not provide further details.
TORONTO — Shoppers Optimum is going digital.
This week Canada’s biggest pharmacy chain launched a digital version of its Optimum loyalty card which takes many cues from the PC Plus program, the loyalty platform run by owner Loblaw Cos. Ltd.
“We have been working on our personalization approach with our customers for the last few years,” said David Harrington, vice-president of business analytics and Optimum at Shoppers.
SURREY, B.C. – In a second floor office buzzing with immaculately dressed Sikh men, its walls jammed with community awards, Maninder Gill vowed that when the CRTC comes for him, they will need to “drag him” from his desk.
Mr. Gill, the director of one of Vancouver’s most well-known pirate radio stations, will fight them all the way to the Supreme Court. If the regulator starts harassing his advertisers — as it has threatened — he’ll just drop his advertising rates.
Then he’ll call in his listeners. They are many.
The strategy adopted by Sears Holdings Corp (SHLD) to fund its liquidity needs and create value for its shareholders doesn’t seem to be raising investors’ sentiments any more. Sears has been continuing with its strategy to close downs stores for quite some time now.
They insert an extra P in there to describe how said poor performance can be without planning (use your imagination to fill in the blank), and the saying has found favour in other sectors the world over. Nowhere is it more applicable than in a business turnaround strategy.
If your business is struggling in these straitened times you’ve got two options: