Tesco cuts outlook after finding accounting error

Monday, 22 September 2014 02:03
LONDON (Reuters) - Tesco has lowered its forecast for first-half profit by 250 million pounds ($408.50 million), its third warning this year, after finding a fault in its accounts, in the latest blow to the reputation of Britain's biggest grocer. The firm said its Aug. 29 profit warning overstated expected first half profit by 23 percent, an error discovered during preparations for its forthcoming interim results, which have now been pushed back to Oct.
Indian PM Narendra Modi: Understanding an enigma
Monday, 22 September 2014 01:59
STORY HIGHLIGHTSCNN granted first interview with Narendra Modi since he became Indian PMModi has a reputation for being an intimidating presence but showed a lighter sideForeign policy seemed to be rooted in history, not international relations theory He candidly talked about growing up poor and defended Indian subsidies Editor's note:Ravi Agrawal is CNN's New Delhi bureau chief. He was part of the CNN team that exclusively spent time with Narendra Modi in his first interview…
Eagles' Cary Williams 'Burnt Out,' Blames Coach
Monday, 22 September 2014 01:59
Cornerback Cary Williams says coach Chip Kelly is pushing the Eagles too hard and overworking them in practice, which is why Philly has started slow.
Prince William Gives Health Update On Pregnant Kate Middleton During Malta Visit
Monday, 22 September 2014 01:05
Kate Middleton has not yet been a public appearance since announcing that she and Prince William are expecting their second child together, this is mainly due to her ill health as she is currently being treated for hyperemesis gravidarum - acute morning sickness, which she suffered from during her first pregnancy. Prince William visiting Malta on Saturday (Sept 20th), instead of his wife Kate In the midst of her illness, the Duchess of Cambridge was…
Obamadale: Secret weapon that may save Iowa Democrats?
Monday, 22 September 2014 00:58
A supporter of Bruce Braley, the Democratic nominee in Iowa's Senate race, holds up a sign in the neighborhood. STORY HIGHLIGHTSA small group of Obama supporters helped the president win re-election in IowaDemocrats have struggled to maintain grassroots enthusiasm since 2012Democrats interested in 2016 campaigns have already courted Obamadale organizers
More Secret Service planned after White House incidents
Monday, 22 September 2014 00:58
STORY HIGHLIGHTSThe Secret Service will beef up its presence and enhance surveillance MondayA White House fence jumper's ex-stepson tells CNN jumper has PTSDThe ex-stepson says Omar Gonzalez was being treated at Fort Hood in Texas Gonzalez did three tours in Iraq, his mental state worsened after each, the ex-stepson said Washington (CNN) -- The U.S. Secret Service is planning to boost its presence and its surveillance measures around the White House on Monday after an…
Alibaba IPO ranks as world's biggest after additional shares sold
Monday, 22 September 2014 00:01
HONG KONG (Reuters) - Alibaba Group Holding Ltd and some of its shareholders have sold an additional 48 million shares, a source with direct knowledge of the deal said on Monday, making its IPO the biggest-ever globally at a value of $25.03 billion. The move comes after the stock surged 38 percent in its debut on Friday as investors jostled for a piece of the e-commerce company. Alibaba and several shareholders initially sold 320.1 million…
Speed-dating diplomacy on tap at United Nations
Sunday, 21 September 2014 23:58
STORY HIGHLIGHTSExpect ISIS and Ebola to be major topics at this week's General Assembly special debateClimate change is set to be the top focus on TuesdayUkraine will make an appeal to the United Nations not to let it stand aloneLeonardo DiCaprio, a U.N. messenger of peace, plans to to attend United Nations (CNN) -- The world comes to New York this week, accompanied by baggage full of crises. It's the 69th annual United Nations General…
Are banana peels dangerous?
Sunday, 21 September 2014 23:58
Banana peels: Scientifically proven to be potentially hilarious. STORY HIGHLIGHTSA Japanese study of the slipperiness of banana peels won an Ig Nobel prize on ThursdayThe Ig Nobels are a parody award for science, presented at Harvard UniversityAnother winner was for research explaining whether or not cats are bad for human mental health Editor's note: Each week in "Apparently This Matters," CNN's Jarrett Bellini applies his warped sensibilities to trending topics in social media and random…
Did frat put 'date rape' drug in drinks?
Sunday, 21 September 2014 23:58
STORY HIGHLIGHTSTau Kappa Epsilon fraternity at University of Wisconsin-Milwaukee is investigated3 women and a man were hospitalized after consuming drinks at a party, police saidWoman "sure some sort of drug or other intoxicant was given to her against her will" (CNN) -- A fraternity at the University of Wisconsin-Milwaukee is being investigated on suspicion that members put "date rape" drugs into drinks served at a party, according to search warrants issued by campus police.
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