Thursday morning headlines

Mark Lacter: Jobless claims fall, California's Facebook payday, supes oppose Universal's housing plan, and Honda loses small claims suit.

£4bn wiped from Tesco value

Supermarket retailer Tesco has seen more than £4 billion disappear from its share price after issuing a profit warning and revealing that UK sales fell by 2.3 per cent over Christmas . Chief executive Philip Clarke said: “"In a challenging economic environment, we made good progress internationally but despite record sales, we are disappointed with our seasonal trading performance in the UK." He ...

Bulletin Board

Port Moody Commemorative Society hosts a ceremony featuring the lowering of the navy centennial flag, with veterans represented, at 11 a.m. at the gazebo on the pier in Rocky Point Park. Live entertainment will be featured. Everyone welcome.