Jos. A. Bank Clothiers Inc., the company that Men’s Wearhouse Inc. spurned as a suitor only to woo as a target, reported third-quarter earnings at the top of its forecast range as direct marketing sales surged 24 percent from a year earlier.
China’s central bank barred financial institutions from handling Bitcoin transactions, moving to regulate the virtual currency after an 89-fold jump in its value sparked a surge of investor interest in the country.
Royal Bank of Scotland Group Plc, Britain’s biggest taxpayer-owned lender, apologized for a technical fault that left customers unable to access accounts and offered to compensate those who have lost money.
Anyone who has survived a marathon phone session with an Internet service provider knows the frustration, not to mention the elevated stress level, associated with today’s automated world. In many cases, customer service has been supplanted by do-it-yourself phone menus and websites. In some cases, do-it-yourself beats doing it with a real person.
Wal-Mart Stores Inc. is betting on career insider Doug McMillon, who learned the business from founder Sam Walton, to revive a company struggling with slowing growth at home and in the international regions he oversaw.