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REUTERS
DISNEY SELLS MIRAMAX FOR $600 MILLION TO INVESTOR GROUPLOS ANGELES/BANGALORE (Reuters) - Walt Disney Co said on Friday it had sold film studio Miramax for about $660 million to an investor group, ending months of talks between the media group and various bidders....Date: 30 Jul 2010 02:44:05 ESTLI KA-SHING TO BUY EDF'S UK GRIDS FOR £5.8 BILLIONFRANKFURT/HONG KONG (Reuters) - Billionaire Li Ka-shing has offered to buy UK power grids from France's EDF for 5.8 billion pounds, giving his companies a foothold in more lucrative overseas markets....Date: 30 Jul 2010 02:44:05 ESTJAPAN'S ECONOMY SPUTTERSTOKYO (Reuters) - Japan suffered the biggest fall in factory output in more than a year in June and manufacturers see more cuts in July, boding ill for the fragile economic recovery in the face of a strong yen and weakening overseas demand....Date: 30 Jul 2010 02:10:01 ESTSAMSUNG ELEC SEES WEAK PROFIT AFTER RECORD Q2SEOUL (Reuters) - Samsung Electronics , the world's No.1 memory chipmaker, warned of weaker margins and profit growth after posting record quarterly earnings, as prices of chips and flat screens drop and smartphone competition grows....Date: 30 Jul 2010 02:10:00 ESTASIA STOCKS SLIP ON U.S. WORRIESHONG KONG (Reuters) - Asian stocks sagged on Friday as worries U.S. growth data may surprise on the downside and downbeat comments from a Federal Reserve official gave investors reason book profits from a steady rally this month....Date: 30 Jul 2010 01:53:03 ESTCKI AND HKE TO BUY EDF'S UK POWER GRID ASSETSHONG KONG (Reuters) - Cheung Kong Infrastructure (CKI) and Hong Kong Electric said on Friday they planned to buy France's EDF's British power grids for 5.8 billion pounds....Date: 30 Jul 2010 01:53:03 ESTGROWING SMARTPHONE BATTLE SEEN HITTING VENDORS' PROFITSHELSINKI (Reuters) - An increasingly heated battle in the global smartphone market is set to weigh on handset vendors' profit margins during the remainder of the year, analysts said on Friday....Date: 30 Jul 2010 01:02:02 ESTLI KA-SHING TO BUY EDF'S UK GRIDS FOR £5.5 BILLION-SOURCESFRANKFURT/LONDON (Reuters) - Two firms controlled by Asia's richest man, Li Ka-shing, are to buy UK power grids from France's EDF for over 5.5 billion pounds, giving them a foothold in more lucrative overseas markets....Date: 30 Jul 2010 01:02:02 ESTCKI TO MAKE ANNOUNCEMENT AMID TALK OF UK POWER GRID BUYHONG KONG (Reuters) - Cheung Kong Infrastructure (CKI), controlled by Asia's richest man Li Ka-shing, is set to make an announcement after 5:30 a.m. British time, its spokeswoman said....Date: 30 Jul 2010 01:02:02 ESTECONOMIC GROWTH SEEN SLOWER IN Q2 ON IMPORTSWASHINGTON (Reuters) - Economic growth likely slowed in the second quarter as a capital investment drive by businesses was sated by imports and consumer spending tapered off, a government report is expected to show on Friday....Date: 30 Jul 2010 01:02:01 ESTVODAFONE, TALKTALK SIGN TIE-UP DEAL - REPORTLONDON (Reuters) - Internet and phone provider TalkTalk has signed a deal with Vodafone to launch a mobile phone service under its own brand, the Times reported on Friday....Date: 29 Jul 2010 21:43:03 ESTSAMSUNG ELEC POSTS RECORD Q2 ON STRONG CHIP SALESSEOUL (Reuters) - Samsung Electronics Co, the world's top maker of memory chips and flat screen TVs, reported a record quarterly profit on Friday, aided by strong sales of both of its key products....Date: 29 Jul 2010 20:52:02 ESTSEC CHARGES WYLY BROTHERS WITH $550 MILLION FRAUDNEW YORK (Reuters) - The Securities and Exchange Commission charged the billionaire Samuel Wyly and his brother Charles with fraud for reaping more than $550 million of illicit gains by trading stock in four companies while they were serving as directors....Date: 29 Jul 2010 19:27:06 ESTGLOBAL BODY PROPOSES RULE TO END INSURER "BLACK BOX"LONDON (Reuters) - A global accounting standard setter proposed a new rule for insurers on Friday, aiming to shine a light on a sector criticized by investors for being a "black box" that keeps them in the dark....Date: 29 Jul 2010 19:27:06 ESTSPENDING CUTS DRIVE CONSUMER MORALE TO 11-MONTH LOWLONDON (Reuters) - Consumer morale fell to its lowest in almost a year in July as worries about the impact of government spending cuts drove expectations for the next 12 months to their lowest since the deepest point of the recession....Date: 29 Jul 2010 19:27:06 ESTMETLIFE POSTS Q2 EARNINGS OF $1.5 BILLION, BEATING STREETNEW YORK (Reuters) - MetLife Inc , the biggest U.S. life insurance company, posted a second-quarter profit of $1.53 billion, helped by higher premium revenue from sales domestically and abroad....Date: 29 Jul 2010 19:10:02 ESTSEC CHARGES WYLY BROTHERS IN $550 MILLION FRAUDNEW YORK (Reuters) - The Securities and Exchange Commission charged the brothers Samuel Wyly and Charles Wyly with fraud for reaping more than $550 million of illicit gains by trading stock in four companies on whose boards they sat as directors....Date: 29 Jul 2010 18:53:01 ESTBNP HIRES EX BOFA EXECUTIVE INNES FOR EQUITY SALESNEW YORK (Reuters) - BNP Paribas SA has hired former Bank of America Corp executive Chris Innes to head equity sales for the Americas in New York, a person familiar with the matter said....Date: 29 Jul 2010 18:36:03 ESTFED OFFICIALS CLASH ON NEED FOR MORE STIMULUSWASHINGTON (Reuters) - Federal Reserve officials clashed on Thursday over whether the central bank should be more aggressive in supporting the stumbling economy and one said the Fed's current policy may be contributing to worryingly low levels of inflation....Date: 29 Jul 2010 18:02:04 ESTCOLGATE, GLAXO SUE OVER TOOTHPASTE "NURDLE"NEW YORK (Reuters) - Two lawsuits have been filed over a gob of toothpaste....Date: 29 Jul 2010 16:54:05 EST
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ASSOCIATED PRESS
HOUSE PASSES BILL TO BOOST COMMUTER AIRLINE SAFETYBy JOAN LOWY 2010-07-30T05:22:49Z WASHINGTON (AP) -- Far-reaching aviation safety legislation developed in response to a deadly commuter airline crash in western New York last year was approved by the House late Thursday.......Date: 30 Jul 2010 01:36:01 ESTALCATEL-LUCENT POSTS 2ND QUARTER LOSSBy 2010-07-30T05:21:47Z PARIS (AP) -- Alcatel-Lucent SA says its net loss in the second quarter was a wider-than-expected euro184 million (US$240 million) but said it remains on track for a targeted improvement in profitability this year.......Date: 30 Jul 2010 01:36:01 ESTOIL FALLS TO NEAR $78 AS GLOBAL STOCKS DROPBy ALEX KENNEDY 2010-07-30T04:00:37Z SINGAPORE (AP) -- Oil prices fell to near $78 a barrel Friday in Asia as the region's stock markets dropped on dour economic figures from Japan ahead of a key U.S. growth report.......Date: 30 Jul 2010 01:02:03 ESTECONOMIC GROWTH LIKELY SLOWED IN SECOND QUARTERBy JEANNINE AVERSA 2010-07-30T04:44:55Z WASHINGTON (AP) -- The already fragile economic recovery may be getting weaker.......Date: 30 Jul 2010 01:02:02 ESTATTACKING THE EDGES OF SECURE INTERNET TRAFFICBy JORDAN ROBERTSON 2010-07-30T04:51:13Z LAS VEGAS (AP) -- Researchers have uncovered new ways that criminals can spy on Internet users even if they're using secure connections to banks, online retailers or other sensitive Web sites.......Date: 30 Jul 2010 01:02:02 ESTMORE JAPAN WORKERS LOSE JOBS, FACTORY OUTPUT FALLSBy TOMOKO A. HOSAKA 2010-07-30T04:46:25Z TOKYO (AP) -- Japan received a sobering reminder Friday of its fragile recovery: The jobless rate rose, deflation deepened, and factories made fewer cars and mobile phones.......Date: 30 Jul 2010 01:02:02 ESTKIA MOTORS SAYS 2Q NET PROFIT RISES 61 PERCENTBy 2010-07-30T03:42:05Z SEOUL, South Korea (AP) -- Kia Motors announced Friday that net profit rose 61 percent in the second quarter amid an increase in sales.......Date: 29 Jul 2010 23:59:02 ESTASIA STOCKS FALL AS DATA TAKES SHINE OFF EARNINGSBy 2010-07-30T03:33:48Z TOKYO (AP) -- Asian markets fell Friday, overlooking strong earnings from some of the region's biggest companies as Japanese shares tumbled on dour economic figures and a strong yen.......Date: 29 Jul 2010 23:42:10 ESTNY AG ANNOUNCES PROBE OF LIFE INSURANCE INDUSTRYBy 2010-07-30T02:46:00Z NEW YORK (AP) -- New York Attorney General Andrew M. Cuomo says his office has opened a "major fraud investigation" into the life insurance industry.......Date: 29 Jul 2010 22:51:05 ESTSAMSUNG SAYS 2Q NET PROFIT SURGES 83 PERCENTBy 2010-07-30T02:01:36Z SEOUL, South Korea (AP) -- Samsung Electronics Co.'s net profit surged 83 percent in the second quarter to a record high amid increased sales and strength in its semiconductor and flat panel businesses.......Date: 29 Jul 2010 22:17:01 ESTNY SUIT SEEKS $30 MILLION IN MADOFF FAMILY MONEYBy LARRY NEUMEISTER 2010-07-30T02:05:25Z NEW YORK (AP) -- The court-appointed trustee seeking to recover billions of dollars lost by jailed financier Bernard Madoff sued three entities Thursday to get back more than $30 million that he said the Madoff family had invested, mostly in oil...Date: 29 Jul 2010 22:17:01 ESTASIAN SHARES SLIP IN EARLY TRADE AFTER US DECLINESBy 2010-07-30T01:46:24Z TOKYO (AP) -- Asian stocks slipped early Friday, after shares on Wall Street fell amid uncertainty about current economic conditions.......Date: 29 Jul 2010 22:17:01 ESTFALSE ALARM: GOOGLE SEARCH STILL WORKING IN CHINABy MIHCAEL LIEDTKE 2010-07-30T01:44:29Z SAN FRANCISCO (AP) -- Google Inc. triggered a false alarm Thursday by posting a notice that its search engine and several other services had been cut off from mainland China - a key market where the company has been locked in a high-profile battl...Date: 29 Jul 2010 22:00:07 ESTGOOGLE CHANGES TUNE, SEARCH STILL WORKING IN CHINABy 2010-07-30T01:12:55Z SAN FRANCISCO (AP) -- Google says its search engine and several other services are working normally in mainland China after previously reporting the service had been completely blocked.......Date: 29 Jul 2010 21:26:05 ESTGOOGLE SAYS SEARCH CUT OFF FROM MAINLAND CHINABy MICHAEL LIEDTKE 2010-07-29T23:34:18Z SAN FRANCISCO (AP) -- Google Inc. said Thursday that its search engine was abruptly cut off from mainland China, raising more questions about the Internet company's ability to operate in the country while trying to work around the government's on...Date: 29 Jul 2010 19:44:03 ESTPAST PROBLEMS FOR COMPANY AT HEART OF OIL SPILLBy TIM MARTIN and DAVID RUNK 2010-07-29T22:06:33Z BATTLE CREEK, Mich. (AP) -- A Canadian company whose pipeline leaked hundreds of thousands of oil into a Michigan river boasts on its website of being "an industry leader in pipeline safety and integrity."......Date: 29 Jul 2010 18:19:09 ESTUS SUING ORACLE ALLEGING SOFTWARE CONTRACTS FRAUDBy 2010-07-29T22:01:24Z NEW YORK (AP) -- The U.S. Justice Department said Thursday it is joining a fraud lawsuit against Oracle Corp. related to software contracts worth hundreds of millions of dollars.......Date: 29 Jul 2010 18:19:09 ESTNEW YORK FED: TOXIC ASSETS FROM AIG GAINING VALUEBy DANIEL WAGNER 2010-07-29T22:02:30Z WASHINGTON (AP) -- The Federal Reserve Bank of New York says toxic assets that the government took over from American International Group Inc. and Bear Stearns at the height of the financial crisis are gaining value for the first time.......Date: 29 Jul 2010 18:19:08 ESTGOOGLE: SEARCH ENGINE BLOCKED IN MAINLAND CHINABy 2010-07-29T21:54:38Z MOUNTAIN VIEW, Calif. (AP) -- Google says people in mainland China are being blocked from using its Internet search engine.......Date: 29 Jul 2010 18:02:05 ESTLESS OIL ON SURFACE MEANS LESS WORK FOR FISHERMENBy GREG BLUESTEIN and KEVIN McGILL 2010-07-29T21:31:34Z NEW ORLEANS (AP) -- Even when the oily sheen starts fading from the surface of the Gulf of Mexico, it manages to become bad news for fishermen.......Date: 29 Jul 2010 17:45:24 EST -
WALL STREET JOURNAL
EDF'S U.K. ASSETS IN DEALA consortium led by Cheung Kong Infrastructure agreed to pay $9.05 billion for Electricite de France's U.K. electricity distribution networks, a person familiar with the situation said....Date: 30 Jul 2010 02:44:06 ESTBP'S HAYWARD DEFENDS TENURE, SPILL RESPONSETony Hayward, the departing chief executive of BP, is unrepentant about how the energy giant responded to the U.S.'s largest offshore oil spill....Date: 30 Jul 2010 01:02:03 ESTGOOGLE: SERVICE IN CHINA OPERATING NORMALLYGoogle said its Internet services in China are functioning properly after a minor overnight disruption....Date: 29 Jul 2010 23:25:04 ESTEVIDENCE TIES AFGHAN LEAKS TO SOLDIERInvestigators have found concrete evidence linking Pfc. Bradley Manning with the leak of classified Afghanistan war reports, a defense official said....Date: 29 Jul 2010 23:08:05 ESTCHARLES RIVER, WUXI END DEALCharles River Laboratories and China's WuXi PharmaTech have mutually agreed to terminal their $1.6 billion deal because of opposition by Charles River shareholders, the companies said....Date: 29 Jul 2010 22:51:09 ESTASIA SLIPS ON U.S. SENTIMENTAsian stocks were mostly lower Friday on Wall Street's weakness. The Nikkei fell 1.2% despite strong earnings from Sony and Nissan Motor....Date: 29 Jul 2010 22:34:03 ESTIMMIGRATION FIGHT REACHES NATIVE-BORNThe immigration debate is reviving the explosive idea of denying citizenship to children born on U.S. soil if their parents are in the country illegally....Date: 29 Jul 2010 22:17:01 ESTNATIONAL OPERA CONSIDERS MERGERThe Washington National Opera, facing financial challenges, is exploring a possible merger with the John F. Kennedy Center for the Performing Arts....Date: 29 Jul 2010 22:17:01 ESTRELIANCE, UNIVERSAL STUDIOS IN TALKSIndian conglomerate Reliance is in talks with Universal Studios about building a $1.5 billion integrated theme park and resort in India....Date: 29 Jul 2010 21:43:07 ESTTOP MEXICAN TRAFFICKER KILLED IN RAIDThe Mexican army said Ignacio "Nacho" Coronel, believed to be a key ally of Mexico's powerful Sinaloa drug cartel, was killed Thursday during a raid in the Mexican state of Jalisco....Date: 29 Jul 2010 21:43:06 ESTCHARLES RIVER, WUXI AGREE TO TERMINATE DEALCharles River Laboratories and China's WuXi PharmaTech have mutually agreed to terminate their $1.6 billion deal because of opposition by Charles River shareholders....Date: 29 Jul 2010 21:43:06 ESTJUSTICE DEPARTMENT SUES ORACLEThe U.S. Justice Department accused Oracle of defrauding the federal government on a software contract that involved more than $1 billion in sales....Date: 29 Jul 2010 21:43:06 ESTDROID SALES DRIVE MOTOROLAMotorola reported higher profit and stabilized its long revenue decline, as the company's wager on smart-phones running Google's software began to pay off....Date: 29 Jul 2010 21:26:09 ESTARMY SUICIDES TIED TO HOME PROBLEMSA sharp increase in U.S. Army suicides is likely due to an increase in a range of stresses on soldiers both at home and in war zones, a top Army officer said....Date: 29 Jul 2010 21:26:06 ESTIMMIGRATION FIGHT REACHES NATIVE BORNThe immigration debate is reviving the explosive idea of denying citizenship to children born on U.S. soil if their parents are in the country illegally....Date: 29 Jul 2010 21:26:06 ESTMICROSOFT WORKING ON IPAD'S RIVALSCEO Steve Ballmer said Microsoft needs to do better in the market for tablet computers that Apple has found success in with the iPad....Date: 29 Jul 2010 21:09:06 ESTFROM TIANANMEN SQUARE TO POSSIBLE BUFFETT SUCCESSORLi Lu, a student leader at Tiananmen Square, founded a hedge fund that has garnered a 26% return since 1998, and is now a leading candidate to run a chunk of Berkshire's $100 billion portfolio....Date: 29 Jul 2010 20:52:03 ESTTRUSTEE SEEKS MADOFF FAMILY FUNDSThe trustee for convicted Ponzi scheme operator Bernard Madoff's firm filed a series of lawsuits against businesses controlled by his sons and other members of the Madoff family....Date: 29 Jul 2010 20:52:03 ESTINSURERS GET SUBPOENAS IN PROBE OF PAYOUTSCuomo launched a fraud investigation into the life-insurance industry for practices that allegedly denied families of deceased military personnel and others from collecting cash from their policies....Date: 29 Jul 2010 20:35:17 ESTLEAN AIR-SAFETY BILL NEARS PASSAGEHouse and Senate leaders, deadlocked over a comprehensive FAA bill including plans for air-traffic control improvements, have compromised on a slimmed-down measure to enhance airliner safety....Date: 29 Jul 2010 20:35:17 EST
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FINANCIAL TIMES
LI KA-SHING BUYS EDF ARM FOR £5.8BNEDF Networks has low-voltage electricity distribution networks in the east and south of England, long-term contracts with businesses such as London Underground, Heathrow and Gatwick, and the Channel Tunnel...Date: 30 Jul 2010 02:44:07 ESTLI KA-SHING BIDS £5.8BN FOR UK UTILITYEDF Networks has low-voltage electricity distribution networks in the east and south of England, long-term contracts with businesses such as London Underground, Heathrow and Gatwick, and the Channel Tunnel...Date: 29 Jul 2010 23:42:13 ESTWYLY BROTHERS CHARGED OVER ‘UNDISCLOSED $550M’US regulators charged Samuel and Charles Wyly, two billionaire brothers whose interests range from software to restaurants, with reaping more than $550m in undisclosed gains by trading shares in companies on whose boards they sat...Date: 29 Jul 2010 20:35:18 ESTFED REPORTS PAPER PROFIT ON BEAR AND AIG BAIL-OUTSThe US public’s hope of getting repaid for the bail-outs of Bear Stearns and AIG in the financial crisis increased on Thursday after the Federal Reserve reported a paper profit for the first time on all the holdings of securities bought from the companies...Date: 29 Jul 2010 20:18:04 ESTGOOGLE SAYS CHINA ‘BLOCKAGE’ MISCALCULATIONGoogle said that its search and advertising services were being blocked in China for first time since its groundbreaking compromise with the Chinese government earlier this month...Date: 29 Jul 2010 20:18:04 ESTLI KA-SHING PAYS £5.8BN FOR UK UTILITYEDF Networks has low-voltage electricity distribution networks in the east and south of England, long-term contracts with businesses such as London Underground, Heathrow and Gatwick, and the Channel Tunnel...Date: 29 Jul 2010 19:27:08 ESTRESULTS UNDERLINE STRENGTH OF EUROPE’S CORPORATE RECOVERYIndustrial companies have led the recovery after a crushing fall in earnings last year...Date: 29 Jul 2010 18:53:04 ESTBUSINESS ATTACKS UK CAP ON SKILLED IMMIGRANTSTensions between the government and business have risen after it emerged many leading companies have been blocked from bringing in non-European staff...Date: 29 Jul 2010 18:36:08 ESTBUSINESS KNOCKS CAP ON SKILLED IMMIGRANTSTensions between the government and business have risen after it emerged many leading companies have been blocked from bringing in non-European staff...Date: 29 Jul 2010 18:19:12 ESTWYLIE THEATENS BROAD DIGITAL EXPANSIONAndrew Wylie, the literary agent whose exclusive deal with Amazon.com last week stunned the publishing world, has threatened a broad expansion of his digital publishing business to include up to 2,000 titles if traditional publishers refuse to improve digital royalties....Date: 29 Jul 2010 18:19:12 ESTUS BANKS IN RUSH FOR CHEAP FINANCEUS banks are taking advantage of improving earnings and growing investor demand to raise billions of dollars in debt at low interest rates, a move that could boost the sector’s profits...Date: 29 Jul 2010 18:02:09 ESTCITI AGREES $75M TO SETTLE SEC CHARGESCitigroup agreed to pay $75m to settle Securities and Exchange Commission charges that it failed to disclose to investors more than $40bn in exposure to subprime mortgages...Date: 29 Jul 2010 17:45:31 ESTCAMERON NEEDS MORE SUBTLETY ON SUBCONTINENTDavid Cameron has led the largest official delegation to India since its independence from Britain 63 years ago. By doing so, he has tested Britain’s place in the world, and how far it has travelled since 1947...Date: 29 Jul 2010 17:45:31 ESTGLOBAL STOCKS FLAT AS RALLY RUNS OUT OF STEAMGlobal Markets Overview: Investors are turning very selective about risk, as shares decline while some currency markets embrace chancier assets...Date: 29 Jul 2010 16:54:08 ESTILLNESS STOPS GANDHI-CAMERON MEETINGPeople associated with Mr Cameron’s visit said it was suspected that she had been taken ill and was travelling...Date: 29 Jul 2010 15:46:10 ESTUS DIVIDED ON HOW TO TACKLE HUAWEIUS government agencies charged with reviewing sensitive acquisitions are engaged in a debate over how to handle Huawei, the Chinese software and telecoms equipment-maker viewed with deep scepticism by government security experts...Date: 29 Jul 2010 15:29:13 ESTCHOCOLATIER SEES COCOA PRICES STAYING HIGHBarry Callebaut chief warned prices could stay at current high levels for the foreseeable future because of continued demand pressure and scarce supply...Date: 29 Jul 2010 15:29:13 ESTSTOCKS FLAT AS RALLY RUNS OUT OF STEAMGlobal Markets Overview: Investors are turning very selective about risk, as shares decline while some currency markets embrace chancier assets...Date: 29 Jul 2010 15:29:12 ESTMEDICAL EMERGENCY PREVENTS GANDHI-CAMERON MEETINGPeople associated with Mr Cameron’s visit said it was suspected that she had been taken ill and was travelling...Date: 29 Jul 2010 15:12:10 ESTEUROPE SET FOR OVERHAUL OF RULES ON SHARE DEALINGPush to boost transparency of regions’ securities markets includes call for a ‘consolidated tape’ for pricing data to tackle lack of transparency as part of biggest regulatory overhaul in years...Date: 29 Jul 2010 15:12:10 EST -
TIMES OF LONDON
NEWS CORP REACHES FOR THE SKY WITH TAKEOVER OFFERNews Corporation, the media group headed by Rupert Murdoch, confirmed this morning that it had made an offer to take full control of BSkyB, the satellite broadcaster in which it has a 39 per cent stake....Date: 16 Jul 2010 01:02:17 ESTCHINA PRIMES HOUSE TAX TO HALT RUNAWAY PRICESChina is considering a wealth tax on homeowners as it grasps at new weapons to halt a frantic rise in property prices that many fear poses the biggest threat to the Chinese economy....Date: 15 Jul 2010 01:02:10 ESTBUSINESS BIG SHOT: STEVE WIENERIt is a dilemma familiar to anyone still clinging to analogue radios or cathode-ray televisions: pay to go digital or wait until prices drop?...Date: 15 Jul 2010 01:02:10 ESTBUSINESS BRIEFING: OLD GUARD PIN HOPES ON NEW MEDIATraditional media, from television to newspapers, is pinning its hopes for a recovery in advertising on mobile devices such as the iPad and on the spread of high-speed broadband....Date: 15 Jul 2010 01:02:10 ESTCOWDERY LAYS DOWN HIS CHALLENGE TO THE BANKSClive Cowdery appears to have confounded the sceptics once again....Date: 15 Jul 2010 01:02:10 ESTROW OVER BANK CARD AND CREDIT CARD CHARGESBanks are making hundreds of millions of pounds a year and pushing up prices on the high street by levying “unjustifiably high” fees on credit and debit card sales, retailers will say today....Date: 15 Jul 2010 01:02:10 ESTDANA PETROLEUM ACQUIRES PETROCANADA NETHERLANDSDana Petroleum paid £270 million for PetroCanada Netherlands yesterday, it’s biggest-ever acquisition....Date: 15 Jul 2010 01:02:10 ESTVIRGIN READY FOR SHOOT-OUT WITH INTERNET GAMING GIANTSWith titles such as Command and Conquer and Resident Evil, Virgin was regarded as one of the cooler geeks in computer games during the 1990s....Date: 15 Jul 2010 01:02:10 ESTECONOMY MAY NEVER RECOVER FROM BANKING CRISIS, WARNS OBRThe economy, more damaged by the banking crisis than previously admitted, will grow more weakly and may never fully recover, the new Office for Budget Responsibility (OBR) said yesterday....Date: 15 Jul 2010 01:02:10 ESTCOWDERY GOES IT ALONE TO CUT BANKS’ FEESClive Cowdery’s Resolution is close to securing a ground-breaking deal to slash investment bank underwriting fees on a rights issue to fund a £2.75 billion acquisition of Axa’s UK life business....Date: 15 Jul 2010 01:02:10 ESTFSA CALLS SIR FRED GOODWIN TO ACCOUNT OVER RBS UNRAVELLINGSir Fred Goodwin has been summoned by the Financial Services Authority to answer questions about Royal Bank of Scotland’s management in the run up to its near-collapse in October 2008....Date: 15 Jul 2010 01:02:10 EST‘A DISLOYAL, DISHONEST, CRIMINAL CHEAT’ – BANK BOSS DENOUNCES ROGUE TRADERJérôme Kerviel, the rogue trader accused of losing almost €5 billion, was denounced by a former boss as criminal, dishonest, disloyal and a cheat at his trial in Paris yesterday....Date: 15 Jul 2010 01:02:10 ESTVANTIS SHARES SUSPENDED AMID SURVIVAL FEARSThe crisis surrounding Vantis, the AIM-listed accountancy firm, deepened today as the group asked for trading in its shares to be suspended amid doubts over its ability to survive....Date: 15 Jul 2010 01:02:10 ESTOBR SLASHES ECONOMIC GROWTH FORECASTSQ&A: what is the Office for Budgetary Responsibility? LIVE: question to the experts on inflation...Date: 15 Jul 2010 01:02:10 ESTBP SHARES DIVE AMID US SENATORS’ £20BN ESCROW PLANRead how BP managers face years in jail and how America snubbed British offer of help with spill at The Times's new website...Date: 15 Jul 2010 01:02:10 ESTTFL CASHES IN AND CHECKS OUT OF SHARDTransport for London will abandon its plans to move into the Shard at London Bridge after a deal that allows the skyscraper’s owners to find tenants willing to pay a much higher rent....Date: 15 Jul 2010 01:02:10 ESTSHAREHOLDERS PLUG INTO GRID FUNDRAISERInvestors have given the thumbs up to the biggest rights issue by a British utility....Date: 15 Jul 2010 01:02:10 ESTRESOLUTION IN TALKS WITH AXA FOR LIFE UNITResolution, the insurance buyout vehicle, detailed its plans today to acquire the majority of AXA's £2.75 billion life assurance division....Date: 15 Jul 2010 01:02:10 ESTVINCE CABLE BACKS BREAK-UP OF BIG BANKSVince Cable, the Business Secretary, has given official backing to recommendations that call for investment banks to be broken up....Date: 14 Jul 2010 01:02:21 ESTMILLION-POUND PAYOUT FOR THE OIL BARON WITH NO SALESTHE chief executive of a London-listed oil explorer pocketed a $1.9m ($£1.3m) bonus last year despite recording a $96m annual loss that led its accountants to raise concerns about the firm$’s solvency....Date: 13 Jul 2010 01:02:18 EST -
SKY NEWS
BA REPORTS £164M PRE-TAX QUARTERLY LOSSCabin crew strikes and the Icellandic volcanic ash cloud sent British Airways £164 million into the red for the three months to June 30....Date: 30 Jul 2010 02:27:08 EST'BORIS BIKES' LAUNCH DESPITE 'MANY CONCERNS'Boris Johnson's flagship cycle hire scheme for London will officially be launched in the morning by the Mayor with more than 11,000 people already signed up....Date: 30 Jul 2010 02:27:08 ESTBUBBLING UP: BEER SALES RISE IN BALMY SUMMERBritain has been partying through the summer leading to a rise in beer sales, according to the latest figures....Date: 30 Jul 2010 02:27:08 ESTSKY BOSS: 'I GUARANTEE WE WON'T BECOME FOX'Sky News will not become a clone of its American sister channel Fox News, the BSkyB boss has said....Date: 29 Jul 2010 16:54:14 ESTCASH-STRAPPED GAMERS HIT NINTENDO PROFITSNintendo's profits have suffered as players tightened their belts to make do with older hardware and software....Date: 29 Jul 2010 11:31:16 ESTMETRO BANK FACES 'SLOW BURN TO GET MOVING'The first high street bank to launch in the UK for more than 100 years has opened its doors to customers - to a lukewarm response from industry commentators....Date: 29 Jul 2010 09:49:26 ESTLUKEWARM RESPONSE AS FIRST METRO BANK OPENSThe first high street bank to launch in the UK for more than 100 years has opened its doors to customers - to a lukewarm response from industry commentators....Date: 29 Jul 2010 09:15:22 ESTHOUSE PRICES AND MORTGAGE APPROVALS DROPA fresh warning over the fragile state of the housing market was sounded as Bank of England figures showed falling mortgage approvals in June....Date: 29 Jul 2010 06:08:12 ESTSKY CONFIRMS 3D TV LAUNCH DATE AND LINE-UPSky will launch its 3D TV channel to millions of homes on October 1, the broadcaster has announced....Date: 29 Jul 2010 06:08:12 ESTCARRY ON WORKING: RETIREMENT AT 65 AXEDThe default retirement age of 65 is to be scrapped to encourage people to work for longer....Date: 29 Jul 2010 04:10:35 ESTRETIREMENT AND THE BENEFITS OF GREY LABOURThe Government is set to scrap the default retirement age (DRA) from April next year....Date: 29 Jul 2010 03:36:11 ESTMONARCHY STILL A DRAW TO OVERSEAS VISITORSThe Royal Family and its heritage brings in more than £500m of revenue a year from overseas tourists, the British tourist board says....Date: 29 Jul 2010 02:44:49 ESTSKY LAUNCHES 3D TV TO HOMES IN OCTOBERSky will launch its 3D TV channel to millions of homes on October 1, the broadcaster has announced....Date: 29 Jul 2010 02:44:49 ESTBSKYB ANNOUNCES PRE-TAX PROFIT OF £1.17BNBSkyB has revealed a pre-tax profit of £1.17bn for the year to the end of June....Date: 29 Jul 2010 02:44:48 ESTENERGY GIANT SHELL'S PROFITS JUMP TO £2.9BNBritish energy giant Royal Dutch Shell has revealed the group's net profits jumped 15% to £2.9bn in the past three months....Date: 29 Jul 2010 02:44:48 ESTBANK WARNS INTERESTS RATE WILL STAY LOWBank Of England governor Mervyn King has warned that the interest rate will not be going up any time soon despite a 1.1% growth in GDP....Date: 28 Jul 2010 16:03:22 ESTBANK WARNS INTERESTS RATES WILL STAY LOWBank Of England governor Mervyn King has warned that interest rates will not be going up any time soon despite a 1.1% growth in GDP....Date: 28 Jul 2010 12:05:43 ESTTHAILAND FIRM NETS JOHN WEST IN £568M DEALThe UK's leading canned fish brand, John West, is set to fall into Thai hands in a £568m deal....Date: 28 Jul 2010 09:15:17 ESTVOLCANIC ASH CLOUD CRISIS COST EASYJET £65MThe Icelandic volcanic ash cloud crisis failed to ground budget airline easyJet as it announced it expected to post an annual profit of at least £100m....Date: 28 Jul 2010 06:42:18 ESTCENTRICA POSTS HUGE 65% PROFIT INCREASEBritish Gas's residential arm has posted profits of £585m for the first six months of the year - up a staggering 98%....Date: 28 Jul 2010 05:17:11 EST
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NEW YORK TIMES
DISNEY SELLS MIRAMAX FOR $660 MILLIONThe deal ends a laborious bidding process that saw the label’s co-founders, Harvey and Bob Weinstein, fall short in their attempt to regain control....Date: 30 Jul 2010 02:27:08 ESTTWO INTERNET GAMBLING OPERATORS, PARTYGAMING AND BWIN, TO MERGEAs governments in Europe and the United States relax the rules on online gambling, the companies anticipate the opening up of new markets....Date: 30 Jul 2010 01:02:07 ESTJUSTICE JOINS SUIT ACCUSING ORACLE OF FRAUDIn a civil suit, the department said Oracle failed its contractual duty to give the government the same discounts it gave commercial customers....Date: 29 Jul 2010 23:59:07 ESTADDED TO THE RECALL LIST: MILLIONS OF FROZEN MICEFrozen mice sold as reptile food have been linked to hundreds of cases of salmonella in the United States and Britain....Date: 29 Jul 2010 22:34:08 ESTOBAMA TO PROMOTE AUTO BAILOUT AS A SUCCESSPresident Obama with the Chevy Volt, a new all-electric vehicle, at the plant in Holland, Mich., that will make the battery for car....Date: 29 Jul 2010 22:34:08 ESTDEGENERES STEPS DOWN FROM ‘AMERICAN IDOL’Ellen DeGeneres arrived for the season finale of “American Idol” in May....Date: 29 Jul 2010 22:00:23 ESTRICH I.P.O. BRINGS CONTROVERSY TO MICROLENDER, SKS MICROFINANCESharda Bhandare cutting towels to make gloves at a workshop in Mumbai, India. SKS Microfinance is among the top makers of tiny loans to such borrowers....Date: 29 Jul 2010 21:26:19 ESTS.E.C. CHARGES BILLIONAIRE DALLAS BROTHERS WITH SECURITIES FRAUDSamuel, left, and Charles Wyly, were also charged with insider trading violations that reaped more than $31 million....Date: 29 Jul 2010 21:26:19 ESTECONOMISTS EXPECT SLOWER GROWTH IN 2ND HALFThe economists Kenneth Rogoff and Carmen M. Reinhart wrote the book “This Time Is Different,” a history of economic crises....Date: 29 Jul 2010 20:52:07 ESTELLEN DEGENERES LEAVING ‘AMERICAN IDOL’Ellen Degeneres, left, on American Idol in April....Date: 29 Jul 2010 20:52:07 ESTWITHIN FED, SUBTLE SHIFT TOWARD DEFLATION CONCERNSJames Bullard, the president of the Federal Reserve Bank of St. Louis, warned that the American economy was at risk of becoming “enmeshed in a Japanese-style deflationary outcome within the next several years.”...Date: 29 Jul 2010 20:52:06 ESTS.E.C. CHARGES WYLY BROTHERS WITH $550 MILLION FRAUDThe billionaire brothers from Dallas, who are large donors to conservative causes, were charged with conducting an extensive securities fraud....Date: 29 Jul 2010 20:35:21 ESTCLONED LIVESTOCK GAIN A FOOTHOLD IN EUROPEGot, Spain’s first cloned fighting bull, lives on a farm in Melgar de Yuso, Spain....Date: 29 Jul 2010 20:35:21 ESTGOOGLE SEARCH ENGINE IS BLOCKED IN CHINAGoogle said it was the first time the site has been blocked since March....Date: 29 Jul 2010 20:35:21 ESTMOTOROLA’S PROFIT BEATS ESTIMATESStrong demand for a line of smartphones using Google’s Android operating system helped sales....Date: 29 Jul 2010 19:27:12 ESTWYLY BROTHERS CHARGED WITH $550 MILLION FRAUDThe S.E.C. says the two also committed insider trading while serving on boards of four companies....Date: 29 Jul 2010 19:27:11 ESTSILICON VALLEY VENTURE CAPITALISTS ARE FEELING GLUMConfidence among venture capitalists in Silicon Valley weakened in the second quarter, according to a new industry report, as concerns over financing, the economy and new regulations added to an already tough working environment....Date: 29 Jul 2010 17:28:19 ESTNEW RULES MOVE TO RESTRICT DEBT SETTLEMENT INDUSTRYCompanies that promise to settle debt problems for consumers will no longer be allowed to charge an upfront fee....Date: 29 Jul 2010 16:54:15 ESTPRODUCTION GROWTH LIFTS PROFITS AT EXXON AND SHELLStrong results raised hopes that the oil companies could offer investors meaningful growth again....Date: 29 Jul 2010 16:54:15 ESTHIGH & LOW FINANCE: IN BASEL, AN ETERNAL WORK IN PROGRESSThe Basel Committee on Banking Supervision that was supposed to toughen worldwide banking regulations seems caught in an endless battle to do so....Date: 29 Jul 2010 16:54:15 EST -
FORBES
HOW LONG BEFORE RANGE RESOURCES MAKES A DEAL?Natural gas pioneer has huge acreage in the Marcellus, not enough cash to drill it. Who's going to b...Date: 30 Jul 2010 01:02:07 ESTWHY KEYNES WAS WRONGMacroeconomics from an MBA's perspective....Date: 29 Jul 2010 23:59:09 ESTCOINSTAR CUTS SALES OUTLOOKAfter hours: Microsoft's Ballmer says tablet?s a priority; U.S. Government sues Oracle....Date: 29 Jul 2010 21:43:15 ESTYAHOO EXECUTIVE'S BALANCING ACTHow EVP Hilary Schneider says the key to success is confidence....Date: 29 Jul 2010 21:43:15 ESTELLEN DEGENERES EXITS AMERICAN IDOLAt a fragile time during Idol's eight-year history, the popular personality turned unpopular judge a...Date: 29 Jul 2010 21:26:23 ESTFIRM WANTS INSURERS TO COVER DEAL WITH SPY'S WIFEThe Cochran Firm sues two of its insurers for refusing to cover a settlement it reached with a forme...Date: 29 Jul 2010 20:52:07 ESTMURDERERS' ROW OF SPORTS POWER PLAYERS SEES BUSINESS PERKING UPIn a panel discussion at Forbes' offices, Cowboys owner Jerry Jones, Patriots President Jonathan Kra...Date: 29 Jul 2010 20:52:07 ESTWITH NEW SHOW, 'FRIENDS' CO-CREATOR FLAMES NETWORK TV AND BURNS BRIDGESThe producers of Showtime's 'Episodes' blast their past broadcast network experiences....Date: 29 Jul 2010 20:01:25 ESTSEC CHARGES SAM WYLY WITH FRAUDA member of Forbes 400 has been slapped with charges by the SEC. Stay tuned....Date: 29 Jul 2010 20:01:25 ESTAUTODESK'S PIRACY PROBLEMCEO Carl Bass on the opportunity and challenge of global expansion....Date: 29 Jul 2010 19:27:13 ESTTHE WORLD'S RICHEST MAN'S NEW MANSIONWhat you need to know about Carlos Slim Helu's record-breaking purchase....Date: 29 Jul 2010 19:27:12 ESTRETAIL GROWTH: PLUS SIZEThe growing $47 billion industry is becoming more acceptable and fashionable....Date: 29 Jul 2010 19:27:12 ESTDETAILS OF THE ETHICS CHARGES AGAINST RANGELThe House ethics committee releases its detailed statement of alleged violations by the New York con...Date: 29 Jul 2010 18:53:09 ESTUNEMPLOYMENT SOARSWhy employment rates won't get better any time soon....Date: 29 Jul 2010 18:53:09 ESTLESS IS MOREBrett Yormark discusses the Barclays Center's sponsorship strategies....Date: 29 Jul 2010 18:36:12 ESTQUESTIONS TO ASK TO GET OUT OF DEBTCredit counselors can help--but only if you sweat the details of their plans....Date: 29 Jul 2010 18:36:12 ESTMEASURING SUSTAINABILITYThis $16 billion company, Schneider Electric, is bringing energy management solutions to the Global...Date: 29 Jul 2010 18:36:12 ESTCUSTODY GOES TO THE CRAZIEST PARENTHow obsessive over-parenting can give people a boost in divorce court....Date: 29 Jul 2010 18:36:12 ESTSELLING PERFUME WITHOUT A SNIFFFirmenich's Theo Spilka on the non-traditional launch of Mary J. Blige's new perfume....Date: 29 Jul 2010 18:19:18 ESTALPHABET SOUP GOES COLD AS GSI, LSI, PMI STUMBLEDisappointing earnings send trio's shares sharply lower....Date: 29 Jul 2010 18:19:17 EST -
MORE GOOD READS
MITSUBISHI, SUMITOMO NET DOUBLES ON STEEL, POWER COALBusinessWeekMitsubishi Corp. and Sumitomo Corp.’s quarterly profit more than doubled after prices of coal, for steelmaking and power generation climbed on demand growth from China and India....Date: 30 Jul 2010 02:27:22 ESTALCATEL-LUCENT CONFIRMS 2010 OUTLOOK AFTER SECOND-QUARTER LOSSBusinessWeekAlcatel-Lucent SA, France’s largest telecommunications equipment maker, confirmed full-year growth targets after posting a second-quarter loss wider than analysts’ estimates....Date: 30 Jul 2010 02:27:22 ESTRENAULT FIRST-HALF PROFIT BEATS ESTIMATES ON GLOBAL RECOVERYBusinessWeekRenault SA, France’s second-largest carmaker, posted a first-half profit that beat estimates as the global economic recovery boosted demand for autos....Date: 30 Jul 2010 02:27:21 ESTDISNEY ANNOUNCES SALE OF MIRAMAX TO FILMYARD FOR OVER $600 MLNBusinessWeekWalt Disney Co. reported the sale of Miramax Films to Filmyard Holdings LLC for over $660 million subject to certain adjustments....Date: 30 Jul 2010 02:27:21 ESTLI KA-SHING’S GROUP IN $9.1 BILLION BID TO BUY EDF’S U.K. UNITBusinessWeekA group led by Hong Kong billionaire Li Ka-shing’s Cheung Kong Infrastructure Holdings Ltd. has offered to buy Electricite de France SA’s U.K. power networks unit for 5.8 billion pounds ($9.1 billion)....Date: 30 Jul 2010 01:53:16 ESTLI LU, HEDGE FUND MANAGER, MAY HELP BERKSHIRE FIND DEALS ABROADBusinessWeekLi Lu, the hedge-fund manager who helped Berkshire Hathaway Inc. find profits in China, may push Warren Buffett’s investment company to make more deals outside the U.S. if he takes a role at the company....Date: 30 Jul 2010 01:53:16 ESTKOREA TO HIRE ARRANGERS FOR $5.7 BILLION WOORI STAKEBusinessWeekSouth Korea said it will hire three arrangers to start selling its majority stake in Woori Finance Holdings Co., owner of the nation’s second-biggest bank....Date: 30 Jul 2010 01:53:16 ESTPAKISTAN STEPS UP RESCUE AFTER FLASH FLOODS KILL 275BusinessWeekPakistan stepped up rescue efforts after flash floods and heavy rains in the northwest killed 275 people and left thousands stranded in the region’s worst storms. Communication systems collapsed....Date: 30 Jul 2010 01:53:15 ESTASIAN CURRENCIES RISE THIS WEEK, LED BY PESO, ON GROWTH, RATESBusinessWeekAsian currencies strengthened this week, led by the Philippine peso and Indonesia’s rupiah, as the fastest economic growth in the world and relatively high interest rates attracted funds to the region....Date: 30 Jul 2010 01:53:15 ESTCHEUNG KONG INFRASTRUCTURE, HONGKONG ELECTRIC BID ON EDF UNITBusinessWeekBillionaire Li Ka-shing’s Cheung Kong Infrastructure Holdings Ltd. and Hongkong Electric Holdings Ltd. are bidding 5.8 billion pounds for Electricite de France SA’s U.K. power networks unit, according to a statement to the Hong Kong stock exchange today....Date: 30 Jul 2010 01:36:12 ESTASIAN STOCKS DECLINE ON JAPAN’S JOBLESS; YEN AT 8-MONTH HIGHBusinessWeekAsian stocks fell for first time in six days after a surprise drop in Japan’s industrial production and an increase in unemployment signaled the world’s second- largest economy may slow. The yen rose to an eight-month high against the dollar....Date: 30 Jul 2010 01:36:12 ESTSINOPEC SAYS BP DECLINED ITS OFFER TO BUY SOME ASSETSBusinessWeekChina Petroleum & Chemical Corp., Asia’s biggest refiner, said BP Plc has declined an offer by the Chinese company to buy some of its assets....Date: 30 Jul 2010 01:36:12 ESTMEXICAN BILLIONAIRE DRUG LORD LOSES TOP ALLY IN ARMY SHOOTOUTBusinessWeekMexican military personnel killed a leader in billionaire Joaquin “Chapo” Guzman’s drug trafficking cartel, signaling the biggest win for President Felipe Calderon in his four-year-old war on organized crime....Date: 30 Jul 2010 01:36:12 ESTGILLARD FIGHTS FOR MINING TAX IN ‘CASH COW’ WESTERN AUSTRALIABusinessWeekPrime Minister Julia Gillard took her battle for a mining tax to Western Australia, a state whose commodities bankroll the nation’s economic growth, as polls narrow in the lead up to next month’s general election....Date: 30 Jul 2010 01:36:12 ESTCHINA SAYS ITS SOUTH SEA CLAIMS ARE ‘INDISPUTABLE’BusinessWeekChina declared its “indisputable sovereignty” over the South China Sea and announced naval drills in the waters, pushing back against a U.S. role in resolving disputes in one of the world’s busiest shipping lanes....Date: 30 Jul 2010 01:19:10 ESTAMAZON BETS THE KINDLE WILL GROWBusinessWeekThe best-selling Kindle will be at the center of Amazon's digital media strategy. Says CEO Bezos: "There's going to be a generation 10 and a generation 20"...Date: 30 Jul 2010 01:02:14 EST‘MEANINGFUL CORRECTION’ LOOMS FOR CHINA HOUSING, ECONOMISTS SAYBusinessWeekChina’s housing prices, which have tripled in major cities in the past 10 years, face a “meaningful correction” in the next year or two, according to a paper from the U.S. National Bureau of Economic Research....Date: 30 Jul 2010 01:02:14 ESTGRAINCORP AGREES TO BUY AWB FOR A$856 MILLION TO SUPPLY ASIABusinessWeekGrainCorp Ltd. agreed to buy AWB Ltd. for $856 million ($769 million) to become Australia’s top wheat exporter, taking on Cargill Inc. and Viterra Inc. in supplying Asia, the biggest buyer of the grain....Date: 30 Jul 2010 01:02:14 ESTLI KA-SHING SAID TO BUY EDF UNIT FOR $9.1 BILLIONBusinessWeekHong Kong billionaire Li Ka-shing’s Cheung Kong Infrastructure Holdings Ltd. plans to pay 5.8 billion pounds ($9.1 billion) for Electricite de France SA’s U.K. power networks unit, a person familiar with the matter said....Date: 30 Jul 2010 01:02:14 ESTSPIRITUALIZED FLOATS, WOMEN CUSS, SCHIELE’S WALLY: N.Y. 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