Sunday, December 19, 2010

Business - 19 December 2010

  • No Rest for Retirees
    Sun, 19 Dec 2010 06:06:43 -0800
    Retirees need to lower their savings withdrawal rates to adjust to new global realities, research suggests. The bottom line: Save more, or spend less
  • Special Report: The Year in Review
    Sun, 19 Dec 2010 06:06:43 -0800
  • Padoa-Schioppa, Founding Member of ECB Board, Dies
    Sun, 19 Dec 2010 05:54:01 -0800
    Tommaso Padoa-Schioppa, architect of the euro currency and founding member of the European Central Bank’s executive board, has died. He was 70.
  • Dubai Index Gains for Second Day on DIC Debt Deal; Israel Rises
    Sun, 19 Dec 2010 05:43:01 -0800
    Dubai’s shares rose for a second day as Dubai International Capital LLC, an investment company owned by the emirate’s ruler, reached an agreement with creditors to restructure about $2.5 billion. Abu Dhabi’s benchmark gained.
  • Permira pushes Peep Show's parent to consider a £500m-£600m exit
    Sun, 19 Dec 2010 05:39:22 -0800
    All3Media, the independent television production house behind Peep Show, Ramsay's Kitchen Nightmares and Hollyoaks, has kick-started a sales process which could lead to a £500m-£600m exit for Permira, its private equity backer.
  • Buddi teams up with Mace for US foothold
    Sun, 19 Dec 2010 05:31:58 -0800
    Buddi, the business providing GPS personal tracking services, is set to strike a deal with US personal security company Mace, allowing it to establish a footing in the lucrative American market.
  • SFO plans rules for hospitality
    Sun, 19 Dec 2010 05:26:10 -0800
    Companies worried that corporate hospitality at Wembley and other sporting arenas may be ruled offside by the introduction of the Bribery Act are about to have their fears laid to rest.
  • Euro 'architect' dies at 70
    Sun, 19 Dec 2010 05:25:07 -0800
    Tommaso Padoa-Schioppa, Italian politician and one of the architects of the single European currency, dies aged 70.
  • Law firms warn against expanding OFT's powers
    Sun, 19 Dec 2010 04:36:59 -0800
    The proposed shake-up of Britain's competition laws could concentrate too much power in an enlarged Office of Fair Trading (OFT) unless there are related reforms, the City's leading law firms have warned.
  • Heathrow, Frankfurt Face Cancellations, Delays on Snow
    Sun, 19 Dec 2010 04:29:01 -0800
    Air travelers across Europe were grappling with a second day of cancellations and delays as snow and ice played havoc with airports including London’s Heathrow and Frankfurt.
  • Irish divided on bailout, say sovereignty lost: poll
    Sun, 19 Dec 2010 04:13:10 -0800
    DUBLIN (Reuters) - Just over half of Irish people support a multi-billion euro EU/IMF rescue package but 56 percent believe the country has surrendered its sovereignty by accepting the assistance, a...

  • Hermes shareholder does not see delisting: report
    Sun, 19 Dec 2010 04:11:17 -0800
    MILAN (Reuters) - A bid to delist French leather bag maker Hermes shares from the stock exchange has its charm but would be very costly, a family shareholder and top manager said in a newspaper on...

  • CMG in hunt for new capital for care homes
    Sun, 19 Dec 2010 04:07:17 -0800
    Chai Patel, the controversial former Priory Group chief executive, is on the hunt for a capital injection for his care homes business.
  • Iran cuts fuel and food subsidies
    Sun, 19 Dec 2010 02:57:33 -0800
    Iran cuts energy and food subsidies, risking a repeat of angry protests which followed fuel rationing in 2007.
  • Hedge funds rush bonus payments to dodge new rules
    Sun, 19 Dec 2010 02:49:48 -0800
    Some of London's biggest hedge funds are rushing through bonus payments for star performers in an effort to avoid any potential regulatory and tax clamp-downs in the new year.
  • Microfinance aim to boost India slums
    Sun, 19 Dec 2010 02:45:10 -0800
    Entrepreneurs Brent Hoberman and James Caan are set to launch a new micro-finance fund to raise money from fellow entrepreneurs to fund ethical bottom-up investment in India.
  • Scrutiny for Lloyds Action Now's £1m fund
    Sun, 19 Dec 2010 02:21:53 -0800
    Standing in the austere surroundings of Prospero House in London's Borough, Adrian Lithgow addressed the assembled crowd of angry pensioners and assorted hangers-on.
  • ONS wrong on UK growth as recovery weaker than thought
    Sun, 19 Dec 2010 02:04:03 -0800
    The UK's recovery in 2010 has been weaker than thought, official data is expected to show this week, striking a cautious note at the end of a more buoyant year than many expected.
  • Iran Cuts Energy Subsidies as Sanctions Take Toll
    Sun, 19 Dec 2010 00:49:01 -0800
    Iran started phasing out energy subsidies and replacing them with cash payments to the poor, under a five-year plan promoted by President Mahmoud Ahmadinejad as an “economic revolution.”
  • Famous UK properties owned by the Irish: in pictures
    Sun, 19 Dec 2010 00:47:27 -0800
    From several investment bank headquarters to one of London's most iconic toy stores, here are ten British properties owned by the Irish.
  • Ireland's UK property empire unwinds as it sells London assets
    Sun, 19 Dec 2010 00:46:21 -0800
    With the collapse of its economy, the Celtic Tiger's property empire is unravelling, writes Graham Ruddick.
  • Qatar Cup to Lift Shariah Loans Off 5-Year Low: Islamic Finance
    Sun, 19 Dec 2010 00:08:02 -0800
    Islamic loans in the Middle East will rebound in 2011 from a five-year low, said HSBC Holdings Plc, this year’s biggest lender, as accelerating economic growth and Qatar’s building for the soccer World Cup boosts spending.
  • South Korea Imposes Bank Levy to Reduce Volatility
    Sat, 18 Dec 2010 23:24:01 -0800
    South Korea aims to apply a levy on banks’ foreign-exchange borrowings to prevent any repeat of the sudden capital outflows that caused a financial crisis more than a decade ago.
  • Australia Won’t Be ‘Stampeded’ by Retailers Over Online Sales
    Sat, 18 Dec 2010 21:37:08 -0800
    The Australian government won’t be “stampeded’ by retailers over the threat to businesses from goods sold by offshore websites, Assistant Treasurer Bill Shorten said.
  • China signs trade deals with Pakistan
    Sat, 18 Dec 2010 19:04:32 -0800
    China and Pakistan have signed billions of dollars worth of trade deals, during Chinese Premier Wen Jiabao's three-day visit to Islamabad.
  • Bahrain releases British bankers
    Sat, 18 Dec 2010 15:59:25 -0800
    Three British bankers held in Bahrain for more than a year have been reunited with their families after a personal intervention by the Foreign Secretary, William Hague, secured their release.
  • EU set to approve News Corp buy-up of BSkyB
    Sat, 18 Dec 2010 15:36:20 -0800
    Regulators in Brussels have signalled that they are preparing to hand a major victory to Rupert Murdoch's News Corporation in its £7.8bn bid to take over the rest of BSkyB.
  • Lloyds chief promises 'greater transparency'
    Sat, 18 Dec 2010 15:19:55 -0800
    Lloyds' outgoing chief, Eric Daniels, will launch a drive to improve the transparency of its financial products in his last three months as boss.
  • Investors placing bets on 2011
    Sat, 18 Dec 2010 14:40:00 -0800
    NEW YORK (Reuters) - Investors will be taking advantage next week of the some of the last remaining trading days of the year to place their bets on what will be the winners of 2011.

  • Ladbrokes swoops on web rival
    Sat, 18 Dec 2010 14:27:33 -0800
    Ladbrokes has made a £240m takeover approach to online gaming company 888 in the first strategic move by its new chief executive, Richard Glynn.
  • Plug-in-Power Set for Massive Growth at Major Ports
    Sat, 18 Dec 2010 14:21:22 -0800
    Although international shipping accounts for less than 3% of the world's CO2 emissions, the industry
  • Jobless benefits extended, but...
    Sat, 18 Dec 2010 13:52:49 -0800
    Millions of jobless Americans are no doubt cheering the tax cut deal that President Obama signed into law Friday.
  • Is Employee Happiness a Corporate Responsibility?
    Sat, 18 Dec 2010 13:19:48 -0800
    Bank of America had a strong year, but how well does it treat its employees?
  • Half of Madoff money recovered
    Sat, 18 Dec 2010 13:08:24 -0800
    $10 billion down ... $10 billion more to go.
  • Bank of America cuts off WikiLeaks payments
    Sat, 18 Dec 2010 12:18:29 -0800
    CHARLOTTE, North Carolina (Reuters) - Bank of America Corp said on Saturday it will not process payments intended for WikiLeaks, which has angered U.S. authorities with the mass release of U.S....

  • Memo To Fox News: Support The 9-11 First Responders
    Sat, 18 Dec 2010 12:03:09 -0800
    To: Roger Ailes, CEO Re: 9/11 first responders Roger: In a rare instance of broadcast sanity, two of
  • Should An Income Tax On Inheritance Replace The Estate Tax?
    Sat, 18 Dec 2010 11:17:21 -0800
    On December 14, 2010, the New York Times published, Give Up on the Estate Tax, an op-ed by Ray D. Ma
  • Mugabe says may bar Western investors over sanctions
    Sat, 18 Dec 2010 10:48:06 -0800
    HARARE, Zimbabwe (Reuters) - Zimbabwe's President Robert Mugabe on Saturday threatened to act against companies from Western countries that have imposed sanctions on his party over suspected election...

  • Reviving Kuwait's theatre industry
    Sat, 18 Dec 2010 10:40:57 -0800
    There is growing concern about the future of Kuwait's theatre industry as it has become increasingly difficult to fund performances and attract an audience.
  • GOP Senators Try Blackmail To Stop Votes on DADT & DREAM
    Sat, 18 Dec 2010 09:29:54 -0800
    This is your ??U.S. senate in action. Facing a defeat on landmark legislation that will repeal "Don'
  • States' budget freeze bid risks more EU wrangling
    Sat, 18 Dec 2010 07:18:39 -0800
    PARIS (Reuters) - Five countries said on Saturday the EU's budget should be frozen until 2020, highlighting a new source of policy divisions that could spark a funding battle between the region's...

  • France's Lagarde: EU rescues "violated" rules: report
    Sat, 18 Dec 2010 05:43:28 -0800
    PARIS (Reuters) - Euro zone policymakers deliberately chose to "violate" the bloc's rules in rescuing Greece and Ireland, closing ranks to protect the single currency area's future, French Economy...

  • Retailers focus on convenience as Christmas nears
    Sat, 18 Dec 2010 05:34:02 -0800
    CHICAGO (Reuters) - Retailers are focusing on convenience in the holiday season's home stretch.

  • Intel's $7.68 billion McAfee bid raises EU concern: report
    Fri, 17 Dec 2010 19:35:01 -0800
    NEW YORK (Reuters) - Intel Corp 's $7.68 billion deal to buy security-software specialist McAfee Inc is running into close scrutiny from European officials that could delay the transaction, the Wall...

  • The Business of Nonverbal Communication: How Signals Reflect Your Brand
    Fri, 17 Dec 2010 18:48:16 -0800
    If Verbal Communication Conceals, Do Nonverbal Signals Reveal? ...So much that, as the article says,

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