Can capitalism ever be a force for good . We speak to the boss of one firm thatsjust been named in fortunes annual firms to change the world list. And in the firing line. The boss of levis says theres a right way and a wrong way to fire staff. We want to know, whats your worst sacking story . Or have you had to fire someone . Let us know, just use the hashtag bbcbizlive. Hello and welcome to business live. If you want to get a story about being fired off your chest, you know where to come. Over 3 Million People are without power in florida as Hurricane Irma continues its devastating trek across the state. The Business District of miami is suffering from severe flooding and its not over yet. Its all going to have a huge impact on the United States, the worlds biggest economy. Experts say this is the most expensive weather to ever hit the United States. Its too early to put an exact figure on the cost, but the Bank Credit Suisse is projecting losses could be in the region of 125 to 250 b
Time for a look at the weather, with lucy martin. Good afternoon. In the last few minutes, Hurricane Irma has been downgraded to a tropical on. It is heading northwards, as we move through the day. Still plenty of rainfall to come through the next few hours. But it is a quieter story across the uk today. We do have low pressure in charge, and that means weve got a fairly brisk north westerly breeze. And this morning, we started off with a mixture of sunny spells and showers, some of those showers fairly heavy. They will be making their way south eastwards and in between them there will be some good sunshine. Thats how it will stay as we move through this afternoon, a mixture of sunny spells and showers. The wind slightly easing on what we saw this morning, but still slightly breezy. The showers across england and wales do have the potential to be quite heavy. They could contain some lightning and thunder. In between, some spells of sunshine. For Northern Ireland, Northern England and s
Producer reports earnings just a week after it has sold its north sea business. Will economic sanctions way on its bottom line . We bring you those numbers in just a moment. Welcome to countdown. I mark barton. And i am anna edwards. Also, we will speak to greg keeler. Breaking numbers from rwe. Lets bring those to you. We have some fairly good guidance in terms of how the numbers of 2014 were going to shake up. Not surprisingly, they are somewhat in line with estimates. Net income has come in at 1. 28 billion euros. That is exactly in line with estimates. A little higher up the profitlost account, that is 1. 73 billion euros, nicely ahead and estimate of 1. 659 billion euros. Because of what is happening to energy prices, just last week, they sold their north sea business. They sold it for just over 5 billion euros, trying to mitigate the Falling Energy prices as they go. Concern from the u. K. Government about how the sanction environment against russia might impact on the north sea
For the time being. Our road map with the markets under continuing pressure after logging their worst day in more than a month yesterday. Jc penney reporting a smaller than expected First Quarter loss and nordstrom reporting a better than expected firstquarter profit. The seafood lover darden selling red lobster to Golden Gate Capital for 2. 1 billion in cash. A whale tale, the money swimming into verizon. Well explain that later on. All right. Futures as you said, you saw relatively stable after the stock markets worst day in about five weeks. The dow posted the 167point drop. S p fell almost 1 and the nasdaq is now in the midst of a threesession losing streak. During our program yesterday you saw the tenyear note fall below 2. 5 for the First Time Since last october and the russell intraday hit that official correction territory, managed to claw its way out by the end of the day. A lot felt that bounce was significant. You know what, i think that dave tepper really this was a dave te