A Primark store in central London. Along with its Boston plans, the cut-price retailer is said to be in negotiations on another eight stores in the US northeast. Photograph: Andy Rain/EPA

Filene’s Basement was a pioneering retail institution in Boston. Located in the famous, now closed Filene’s store at Downtown Crossing in the c(...)

Relatives show pictures of garment workers believed to be trapped under the rubble of the collapsed Rana Plaza building last year. Clothes brands have been criticised for not doing enough to help families of victims. Photograph: Reuters

A call has been made for well known clothes brands to make “immediate and significant” payments to a fund set up to raise money for the victims(...)

Ryanair one of Iseq’s best performers climbing 1.07% to close at €6.80. Photograph: Ian Waldie/Getty Images

Shares in Ireland and across Europe were little changed yesterday following their drubbing earlier in the week, as banks rallied but telecommunication(...)

Penney shares were up 7 per cent to $9.32 in afternoon trading.

JC Penney Co said November sales were encouraging and popular house brands were lifting gross profit margin, suggesting the struggling department stor(...)

“The factors that attracted motor vehicle producers to Detroit a century ago – excellent access to resources and transport links, followed by local skills and specialist suppliers – are no longer competitive advantages in car-making nor, indeed, in other industries.” Photograph: Spencer Platt/Getty Images

The Financial Times has carried an unusual number of obituaries and stories of terminal illness this summer. There was the bankruptcy of Detroit and t(...)

 William Ackman: founder and chief executive  of Pershing Square Capital Management LP.   Photograph: Scott Eells/Bloomberg

Hedge fund billionaire William Ackman has quit the board of troubled department store group JC Penney, ending three years of acrimony.The company anno(...)

Dmitriy Smilianets (29), from Moscow, has pleaded not guilty to charges related to the hacking of some 160 million credit cards. Photograph: Pawel Kopczynski/Reuters

A Russian man accused of being part of the largest cybercrime ring ever prosecuted in the United States has pleaded not guilty to charges that could (...)

Starbucks chairman Howard Schultz spoke out after Bill Ackman, a JC Penney board member, urged fellow directors to find a new chief executive quickly and released it to the media. Photograph: Reuters/Anthony P. Bolante

Howard Schultz, chief executive of Starbucks, has accused the hedge fund manager, Bill Ackman, of being a “destroyer of companies” as he stepped into (...)

Bank of Ireland was the star performer of the day, gaining 6.3 per cent.

European stocks climbed yesterday as strong Chinese factory data fuelled a rally in mining shares, while buoyant euro zone banks propelled French and (...)

Serious Money: Directors of some high-profile public companies are coming under scrutiny this proxy season. Shareholder advocates say it’s about ti(...)