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• In the UK,This Is Money reports that online grocer Ocado "has launched an internal investigation to verify that its agreements with suppliers are above board in the wake of the crisis engulfing Tesco." The company says that the probe includes "a health check from an external auditor."

Tesco has come under governmental investigation because of financial missteps that include understating expenses and overstating income in an effort to make the company's balance sheet look healthier.


Reuters reports that RadioShack is saying that its lenders have not agreed to a plan that would have it close 1100 stores, raising the possibility that management will not be able to achieve the turnaround that they've been pursuing.

Now, RadioShack says that it will only be able to close 600 stores over three years, 175 of which have been closed this year.

RadioShack has 4000 stores in the US.


• The Associated Press reports that "more than 150 cattle valued at about $350,000 have been reported missing in southeastern Idaho, and authorities suspect modern-day cattle rustling as beef prices have soared … U.S. cattle industry officials say beef prices are at record highs due to a combination of factors that include past droughts that caused cattle numbers to shrink and increased demand for beef on a global scale following the Great Recession."
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