Peter Neupert worked for Microsoft and Amazon-backed Drugstore.com, where he got to know Jeff Bezos. He now advises start-ups.Technologyread more
Regional stability, oil prices and potential for war will all depend on what Iran does with its nuclear program in the event of the deal's termination.World Politicsread more
Instagram began tests that hide "like" counts on posts. That means influencers who market products on Instagram will have to rely on different metrics to show success.Technologyread more
Facebook Vice President David Marcus is the face of the company's Libra digital currency, but the original driving force was a 26-year-old female corporate-development...Technologyread more
Amazon's new policy for account suspensions doesn't go far enough to protect sellers from potentially unfair and wrongful suspensions, merchants say.Technologyread more
Moving lots of data to a public cloud over the internet can take months or years. CNBC got an inside look at how AWS transfers data to the cloud for its clients.Technologyread more
There is no end in sight to the Boeing 737 Max grounding after two fatal crashes, prompting airlines to rethink their growth plans.Airlinesread more
After a year of flooding, Midwest farmers face a stifling heat wave that's spreading across the U.S.Weather & Natural Disastersread more
On Saturday, Disney's Marvel Studios announced its upcoming slate of superhero films during a panel at San Diego Comic-Con.Entertainmentread more
"It troubles me that the most important political office in the world is becoming the face of racism and exclusion," Kaeser said in a Twitter post.Politicsread more
Some 40% of Americans would struggle to come up with even $400 to pay for an emergency expense. Just how are so many Americans so short on cash? Blame debt.Personal Financeread more
LONDON, June 25 (Reuters) - British floor coverings chain Carpetright said its turnaround was on track as it reported a narrowing of 2018-19 losses and returned to underlying sales growth in its new financial year.
Last year Carpetright's shareholders backed a Company Voluntary Arrangement (CVA) restructuring scheme to keep the company alive. The plan closed 80 underperforming stores and cut jobs. The group's shares are down 42% year-on-year.
The group said on Tuesday it made a statutory pretax loss of 24.8 million pounds ($31.6 million) in the year to April 27, versus a loss of 69.8 million pounds in 2017-18. Revenue fell 13.4% to 386.4 million pounds.
However, UK like-for-like sales in the first eight weeks of the new financial year were ahead by 8.5%. ($1 0.7845 pounds) (Reporting by James Davey; editing by Kate Holton)