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The great interest rate rip off part 10


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Breaking news

 

 

 

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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http://news.sky.com/story/1250824/banks-to-be-tested-on-35-percent-house-price-slump

 

Britain's biggest banks and building societies could be forced to raise billions of pounds of fresh capital unless they can demonstrate their ability to withstand a house price slump of roughly 35%.

Sky News has learnt that stress tests to be carried out by an arm of the Bank of England later this year will also assess their readiness to cope with a sudden spike in interest rates to more than 5%.

A series of commercial real estate losses will also be applied to the banks' balance sheets as part of the tests, insiders said.

 

From HPC

The national debt is £1.4trn, you want to roll that over at 5%? Never going to happen. The debt interest would be £150bn/yr by 2017. The most we can hope for is an 0.25% uptick this side of the GE and then back to 0.5% and QE3.

 

Hilarious a spike in interest rates at 5%. 15% was a spike, 5% is back to normality. Just shows how the language has changed the new economic normality is clearly uber low rates.

 

So the BoE will take one look at what happens if rates hit 5% and will conclude it has to keep emergency interest rate measures in place for a slightly longer period than anticipated.

 

 

Interest rates won't be increasing as the govt can't afford the debt servicing costs for the national debt. Rather than testing the banks they should be testing the Govt!

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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28 April 2014 Last updated at 19:16

 

 

AstraZeneca shares soar on bid talks_74480069_astrazeneca_getty.jpg

 

The market reacts favourably to confirmation by the US drugs giant Pfizer that it has been in talks with AstraZeneca over a possible takeover bid.

 

 

_74501769_021586405-1.jpgRosneft boss defiant over sanctions

 

The chief executive of Rosneft, Russia's state-controlled energy firm, says having sanctions imposed on him by the US will not hurt the company's business.

 

 

 

_74490005_tgv.trains.g.jpgHollande meets GE boss over Alstom

 

French President Francois Hollande meets General Electric (GE) boss Jeff Immelt over GE's potential takeover bid for French train maker Alstom.

 

 

 

Other Top Stories

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Siemens eyes rival offer to General Electric’s $13bn Alstom bid

 

 

 

Linkedin, but what about Linkedout?

 

 

 

 

Heathrow narrows losses as weather improves

 

 

 

 

BG Group chief Chris Finlayson resigns after 16 months at the helm

 

 

 

 

US handbag battle intensifies as Coach updates

 

 

 

 

UK advertising market buoyed by mobile boom

 

 

 

 

Futures giant begins trading at its new London exchange

 

 

 

 

Royal London boss Phil Loney repeats vow to donate 25 per cent of bonus

 

 

 

 

Here's Ronald McHipster: The face of McDonald's has been given a makeover and a Twitter account

 

 

 

 

Tour de France and race victories boost bike sales by £106m since 2008

 

 

 

Mark Leftly: Exposing the high price of nuclear decontamination bids

 

 

 

 

Mark Leftly: HS2 would create thousands of engineering and building jobs to help the UK economy

 

 

 

 

James Moore: Dave's corporate tantrum as Sports Direct shareholders say 'no'

 

 

 

 

James Moore: Will the Americans say 'yeah' to Primark?

 

 

 

 

James Moore: Insurers must share the blame for fraud

 

 

 

 

Pitching an idea to the Dragons' Den investors should be only the beginning for entrepreneurs and their projects

 

 

 

 

Frenetic activity won't fix the pharmaceutical industry's problems

 

 

 

 

Bean counters must be held to account too

 

 

 

 

The coalition deceived us that wage growth has overtaken inflation, but Labour still needs a credible plan for the cost of living crisis

 

 

 

 

Jim Armitage: The boss of the DRC’s state-owned mining operation remains defiant despite uncomfortable questions over its controversial asset sales

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

Bank of America Suspends Buyback and Dividend Increase

 

By MICHAEL CORKERY and PETER EAVIS 1:45 PM ET

 

Bank of America said on Monday that it was suspending its share buyback program and a planned increase in its dividend after it discovered an error in calculating its capital levels.

dbpix-bank1-sfSpan.jpg

Spencer Platt/Getty Images

 

A Bank of America branch in New York.

 

 

 

 

DealBook

 

dbpix-astrazeneca1-thumbStandard.jpg

Pfizer Says It Will Pursue AstraZeneca

 

By MICHAEL J. DE LA MERCED

 

Pfizer said on Monday that it was willing to pay about $99 billion for AstraZeneca, making it one of the largest-ever acquisition efforts in the pharmaceutical industry.

 

obama-russia-sanctions-thumbStandard.jpg

U.S. Announces More Sanctions Against Russia

 

By PETER BAKER and MARK LANDLER 9:26 AM ET

 

The Obama administration ordered travel bans and asset freezes for seven Russian officials, including two said to be in Mr. Putin’s inner circle, and froze assets for 17 companies.

 

 

DealBook

 

dbpix-cable2-thumbStandard.jpg

Charter Reaches Deal With Comcast for Subscribers

 

By DAVID GELLES 12:10 PM ET

 

The three-part arrangement with Comcast would allow Charter Communications to become the country’s second-largest cable operator.

 

Sanofi Says Dengue Vaccine Succeeds in Late-Stage Trial

 

By ANDREW POLLACK

 

The French drug maker said its product reduced the incidence of dengue fever by 56 percent when tested on more than 10,000 children in Southeast Asia.

 

nytechjump1-thumbStandard.jpg

Despite Big Ambitions, New York’s Tech Scene Is Still Starting Up

 

By JENNA WORTHAM

 

While the city’s new tech firms continue to attract plenty of venture capital, Silicon Alley has a long way to go before it rivals the Valley.

 

28medicare-JP-thumbStandard-v2.jpg

One Therapist, $4 Million in 2012 Medicare Billing

 

By JULIE CRESWELL and ROBERT GEBELOFF

 

Physical therapy is a big recipient of national Medicare dollars — and physical therapists in Brooklyn are among the biggest billers of all, government data indicates.

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

Exclusive - Allergan eyes new takeover bid for Shire: sources

 

8:12pm BST

 

FX dealers in London can trade trillions, without being registered

 

FXpert 7:09pm BST

 

Reckitt Benckiser confirms talks to buy Merck unit

 

7:02pm BST

 

SFO charges U.S.-based ex-Barclays staff in Libor probe

 

UK, 6:51pm BST

 

Regulator says will not investigate Royal Mail sell-off

 

UK 6:34pm BST

 

IMF urges ECB to do all it can to tackle low inflation

 

IMF 6:28pm BST

 

German lawmakers see scope to cut tax 'bracket creep' around 2016

 

6:10pm BST

 

BofA suspends buy-back, dividend increase after capital miscalculation

 

5:47pm BST

 

AstraZeneca bid supports FTSE despite ripples from Russian sanctions

 

FXpert 5:15pm BST

 

Pfizer chases AstraZeneca for potential $100 billion deal

 

5:10pm BST

 

France meets Alstom bidders with pledge to protect jobs

 

5:05pm BST

 

BP shares fall after U.S. imposes sanctions against Rosneft head

 

4:40pm BST

 

Shell says will comply with all international sanctions

 

4:39pm BST

 

U.S. pending home sales jump, end losing streak

 

3:52pm BST

 

Norwegian Air halts talks to buy Dreamliners, may quit Ireland

 

Aerospace & Defence, Norway 3:49pm BST

 

German banks face tripling of bailout fees to 1.9 bln euros per year

 

3:43pm BST

 

BP says intends to hang on to stake in Russia's Rosneft

 

3:40pm BST

 

Timing key if France to hit fiscal targets - central bank head

 

3:30pm BST

 

Pfizer's move on Astra fuels fears for British science

 

3:19pm BST

 

Panasonic expects third year of profit growth as revamp bears fruit

 

3:12pm BST

 

Drugmaker Bayer lifted by sales boost and merger speculation

 

3:09pm BST

 

Germany voices support for Siemens-Alstom deal

 

3:01pm BST

 

Japan to keep its share of production of Boeing's new 777X aircraft

 

Japan, Aerospace & Defence 2:16pm BST

 

Siemens to cut thousands of jobs as part of new strategy - report

 

2:04pm BST

 

Deflation, emerging market fears set scene for tough EU bank tests

 

1:37pm BST

 

Air Berlin to step up restructuring to return to profit

 

Aerospace & Defence 1:32pm BST

 

Siemens to decide on Alstom offer after meeting with Hollande

 

1:22pm BST

 

Siemens supervisory board to discuss Alstom deal Tuesday-sources

 

1:10pm BST

 

Irish retail sales surge boosts growth hopes

 

1:05pm BST

 

FCA slaps 18.6 million pounds fine on Invesco Perpetual

 

12:56pm BST

 

London Metal Exchange seeks to appeal warehouse ruling

 

12:48pm BST

 

ECB'S Constancio watching more than just April inflation data

 

12:31pm BST

 

FCA slaps $31 million fine on Invesco Perpetual

 

UK, 12:16pm BST

 

Euro firm on expectations of inflation uptick; pound surges

 

FXpert, 11:59am BST

 

UK regulator slaps $31 million fine on Invesco Perpetual

 

UK, 11:32am BST

 

UK's BG to review assets after CEO quits, warns on output

 

11:28am BST

 

Russian retailer X5's margins hit by price cuts

 

11:22am BST

 

AirAsia X signs $1.5 billion engine deal with GE Aviation

 

Aerospace & Defence 11:16am BST

 

AstraZeneca rejects Pfizer talks, says confident in strategy

 

10:58am BST

 

Holcim says huge interest in disposals, forex hits sales

 

10:57am BST

 

Hindustan Unilever fourth-quarter net profit up 11 percent, beats forecast

 

10:54am BST

 

Etihad Airways urges speedy restructuring of Air Berlin

 

Aerospace & Defence 10:32am BST

 

Air Berlin CEO says current restructuring insufficient

 

10:31am BST

 

Australia and U.S. sign agreement to counter tax avoidance

 

9:42am BST

 

Russia-West tensions pressure stocks, buoy oil prices

 

FXpert 9:37am BST

 

Mobile operator EE sees 4G customers more than doubling in 2014

 

9:26am BST

 

Wal-Mart paid $334 million to end India partnership

 

9:08am BST

 

Japan retail sales rise at fastest pace in 17 years before tax hike

 

Japan 9:08am BST

 

Bayer may sell plastics unit to focus on health - Bloomberg

 

9:08am BST

 

Housing market recovery spreads further outside London - Hometrack

 

UK 9:07am BST

 

Japan, China stocks fall, Ukraine tension bolsters yen

 

Japan, FXpert 9:07am BST

 

Bayer first-quarter core profit rises on plastics growth

 

8:44am BST

 

Swedbank says Ukraine concerns may hurt loan demand after in-line first-quarter results

 

7:36am BST

 

Bayer may sell plastics unit to focus on health - Bloomberg

 

6:48am BST

 

Bayer first-quarter core profit beats consensus on strong pharma

 

6:48am BST

 

Asian shares stutter on Ukraine tension, event risk

 

FXpert 5:27am BST

 

Housing market recovery spreads further outside London - Hometrack

 

UK 4:47am BST

 

Obama praises business deals, touts U.S. enterprise

 

4:26am BST

 

Bill Gates, in Communist newspaper, urges more in China to help poor

 

3:54am BST

 

Japan retail sales rise at fastest pace in 17 years before tax hike

 

Japan 3:18am BST

 

Pfizer may declare interest in AstraZeneca this week - FT

 

1:15am BST

 

Japan retail sales jump at fastest pace since 1997 sales tax hike

 

Japan 12:59am BST

 

U.S. prosecutors cross Atlantic to question UK currency trades - source

 

12:46am BST

 

Sterling strength dents UK's 2014 dividend payouts - Capita

 

12:25am BST

 

UK housing market recovery spreads further outside London - Hometrack

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

US drugs giant Pfizer reignites interest in UK's AstraZeneca

 

Seroquel_2166195d.jpg

Takeover worth around £60bn would be one of pharmaceutical world's biggest deals

33 Comments

Hollande not opposed to GE bid for Alstom

 

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French President Francois Hollande is holding meetings with both GE and Siemens to discuss future of French industrial group

5 Comments

 

Banks to be tested on property market crash

 

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The latest round of UK bank stress tests will check on the ability of lenders to withstand a major fall in house prices

11 Comments

Invesco Perpetual fined £18.6m for risk failures

 

woodford_2844695g.jpg

Britain's biggest retail fund manager faces record fine for risk failures in funds, including in those managed by Neil Woodford

2 Comments

Heathrow: support for 3rd runway growing

 

Slipstream_2890221g.jpg

West London airport says it has more support from communities than it did last decade when it was pushing for a third runway on a different site.

9 Comments

BP 'committed to Rosneft'

 

rosneft_2895054g.jpg

Sanctions could prevent BP chief Bob Dudley from dealing with the president of Rosneft, in which BP has a 20pc stake

3 Comments

 

Ex New York Barclays staff charged over Libor

 

barclays_2892099g.jpg

Serious Fraud Office charges against New York staff brings total number of former Barclays bankers facing trial over Libor-rigging to six

 

Shoe Zone plans £100m IPO

 

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Discount shoe chain to join retail floats

2 Comments

Fitness First flexes its muscles in Southeast Asia

 

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Gym chain hopes to add up to 50 clubs in Asia where it once considered a stock market listing.

Comment

Energy giants' '£2bn windfall' from levies cut

 

energy-bills_2487581g.jpg

Exclusive: New analysis suggests energy suppliers are in line to save up to £23 per household per year, in addition to savings they have passed on to consumers

 

 

What the UK economy needs is a 'Goldilocks’ pound

 

Food price alert as experts warn of new El Nino

 

Mortgage clampdown is too late and too harsh

 

Business news and markets: as it happened - April 28, 2014

 

pills_2884346g.jpg

Increase in M&A activity in the pharmaceutical, technology and industrial sectors is driving markets higher

9 Comments What is the Federal Reserve's next move?

 

 

 

 

China: a tale of two economies

 

 

 

 

Watch live: HS2 debate

 

 

 

 

Entrepreneurs power the best economies

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Breaking news

 

 


 

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Political row looms as Pfizer goes public with £62bn AstraZeneca deal

 

 

 

 

Watchdog fines Invesco £18m for risking its clients’ money

 

 

 

 

Bank of England mocks up crisis scenario for new bank stress test

 

 

 

 

Goldman Sachs' posts profits fall after European woes

 

 

 

 

Botox maker Allergan eyes Shire bid

 

 

 

 

Grosvenor Estates sells off prime London property over market fears

 

 

 

 

UK economy grows 0.8 per cent in first quarter

 

 

 

 

Older men still dominate boardrooms despite diversity targets

 

 

 

 

BP raises dividend again in wake of Gulf of Mexico disaster

 

 

 

 

Serco investors face cash call after new warning

 

 

 

A divorce could be very costly if Alex Salmond runs off with Scotland

 

How will we carve up assets like the Bank of England, the BBC, the DVLA and the premium bond HQ?

 

 

James Moore: Let’s think about OUR national interest as Pfizer guns for Astra

 

 

 

 

Mark Leftly: Exposing the high price of nuclear decontamination bids

 

 

 

 

Mark Leftly: HS2 would create thousands of engineering and building jobs to help the UK economy

 

 

 

 

James Moore: Dave's corporate tantrum as Sports Direct shareholders say 'no'

 

 

 

 

James Moore: Will the Americans say 'yeah' to Primark?

 

 

 

 

James Moore: Insurers must share the blame for fraud

 

 

 

 

Pitching an idea to the Dragons' Den investors should be only the beginning for entrepreneurs and their projects

 

 

 

 

Frenetic activity won't fix the pharmaceutical industry's problems

 

 

 

 

Bean counters must be held to account too

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Siemens says to make Alstom offer if it can see its books

 

8:37pm BST

 

Siemens considers buying parts of Rolls-Royce energy unit -sources

 

8:37pm BST

 

GE vows to boost French jobs with Alstom bid - letter

 

8:37pm BST

 

Santander seeks Brazil unit buyout, pitching recovery in Europe

 

8:15pm BST

 

Ex-Anglo Irish bankers avoid jail over illegal lending

 

8:10pm BST

 

UK economy grows at fastest pace in over six years

 

UK, David Cameron 8:08pm BST

 

Pfizer may have to pay more cash and top $105 billion to win AstraZeneca

 

8:08pm BST

 

BP raises dividend again, promises more share buy-backs

 

Gulf Oil Spill 8:08pm BST

 

Bank of England to test UK lenders' resilience to 35 percent fall in house prices

 

UK 8:08pm BST

 

Minister says no regrets, no apologies for Royal Mail sale

 

UK 8:07pm BST

 

Apple, Samsung make final pitches to U.S. jury in patent trial

 

7:45pm BST

 

Greece's Eurobank completes 2.86 billion euro share offering

 

7:22pm BST

 

VW profit leap boosts analysts' expectations

 

6:37pm BST

 

Upbeat earnings hoist FTSE to seven-and-a-half week high

 

FXpert 6:34pm BST

 

Euro zone sentiment, inflation expectations dip in April

 

6:32pm BST

 

German inflation, pointing to euro zone, picks up less than expected

 

6:28pm BST

 

Banks have up to nine months to fill capital holes after ECB health check | btn_rel_video.gif

 

6:17pm BST

 

Peugeot share issue underway as new board meets

 

6:15pm BST

 

Barclays dealmaker McGee quits as U.S. head

 

6:11pm BST

 

Siemens says to make Alstom offer if it can see its books

 

6:06pm BST

 

Whoever wins Alstom power assets, industry faces shakeout

 

5:54pm BST

 

Alstom trade to resume after market informed on bids-regulator

 

5:54pm BST

 

Deutsche Bank resigns gold, silver fix seat with no buyer

 

5:22pm BST

 

EU unveils tougher bank tests in bid to draw line under crisis

 

5:22pm BST

 

ECB fails to fully offset bond buys again as money markets tighten

 

5:17pm BST

 

Euro may not weaken sharply even under Japanese-type stimulus from ECB

 

FXpert, Japan 5:04pm BST

 

Tishman Speyer buys Sainsbury's London headquarters

 

UK 4:56pm BST

 

Siemens says to make offer for Alstom

 

4:47pm BST

 

Nokia names leader of networks business turnaround as CEO

 

4:39pm BST

 

Indian court orders tax office to review Nokia sales tax demand

 

4:19pm BST

 

Santander launches 4.7 billion euro Brazil buyout as Europe rebounds | btn_rel_video.gif

 

4:02pm BST

 

Deutsche Bank opens door to new capital increase

 

3:46pm BST

 

Shire shares jump as sources say Allergan eyes new bid

 

2:59pm BST

 

Shire falls, traders say prospect of Allergan bid fades

 

2:59pm BST

 

EBRD head - New regional growth forecasts will not be good news

 

Africa 2:49pm BST

 

Siemens about to present Alstom offer - French economy minister

 

2:42pm BST

 

Siemens board backs management in Alstom approach - paper

 

2:31pm BST

 

Apple supplier Cirrus to buy British chip maker Wolfson

 

2:19pm BST

 

France meets Alstom bidders with pledge to protect jobs

 

1:46pm BST

 

Tesco credit rating under threat - S&P

 

1:11pm BST

 

Deutsche Bank opens door to new capital increase

 

1:05pm BST

 

LG Electronics says higher TV marketing could blunt second quarter earnings

 

12:56pm BST

 

BoE's McCafferty warns of risks of delaying first rate hike

 

12:23pm BST

 

EBRD to take tougher approach on reform - president

 

12:08pm BST

 

States data suggests German inflation, perhaps euro zone, picked up in April

 

11:33am BST

 

EU exec says Motorola Mobility broke EU competition rules

 

11:28am BST

 

Bodycote revenue falls as strong pound, defence cuts bite

 

11:25am BST

 

ABB redoubles work to fix power systems unit after profits drop

 

11:21am BST

 

Japan helps Hermes' quarterly sales beat forecast

 

11:18am BST

 

IMF likely to cut Russia outlook, eyes risks to central, eastern, south-eastern Europe

 

IMF 11:11am BST

 

Samsung Electronics tips second-quarter pickup, smartphone challenge looms | btn_rel_video.gif

 

10:56am BST

 

EU Commission says accepts Samsung's offer in patents dispute

 

10:56am BST

 

GE trumpets 40-year jet engine venture to bolster Alstom bid

 

Aerospace & Defence 10:14am BST

 

French consumer confidence slumps unexpectedly in April

 

9:06am BST

 

Carphone silent on Dixons talks as sales rise

 

8:58am BST

 

Shire shares jump as sources say Allergan eyes new bid

 

8:55am BST

 

BoE's Carney sees signs recovery is starting to broaden -paper

 

UK, 8:29am BST

 

Nokia first-quarter profit beats expectations

 

8:08am BST

 

Nokia CEO Suri - Open to acquisitions, but in no rush

 

8:08am BST

 

Sanofi to stick to bolt-on deals amid pharma M&A buzz

 

8:06am BST

 

Experian appoints Intertek executive as chief financial officer

 

7:57am BST

 

Asian stocks muted, Europe shows more life

 

FXpert 7:56am BST

 

Insight - Haircuts and beef bowls helping BOJ's Kuroda win converts

 

Japan 7:40am BST

 

Essentra revenue rises on demand for special filters

 

7:34am BST

 

China city loosens property rules amid market cooling

 

7:29am BST

 

Growing Costa, Premier Inn demand boosts Whitbread profit

 

7:24am BST

 

BP Q1 profit slightly ahead of forecasts, raises dividend

 

7:17am BST

 

St James's Place sees strong start to 2014

 

7:12am BST

 

Asia shares, major currencies hesitant before key events

 

FXpert 7:09am BST

 

German consumer morale at high level but Ukraine crisis weighs

 

7:04am BST

 

Deutsche Bank first-quarter pretax profit tumbles as trading weighs

 

6:56am BST

 

Corporate banking pick-up lifts Nordea first-quarter profits above forecast

 

6:48am BST

 

China April PMI seen ticking up, slowdown may persist

 

6:24am BST

 

Pfizer's weak drug pipeline fuels hunger for AstraZeneca

 

6:09am BST

 

LG Electronics first-quarter profit jumps on solid TV sales

 

5:53am BST

 

Bitcoin traders settle class actions over failed Mt Gox exchange

 

5:51am BST

 

Loeb to argue against Sotheby's poison pill on Tuesday

 

5:27am BST

 

Microsoft raises cloud pitch, targets Dropbox, Box

 

5:00am BST

 

Chinese premier calls for investment in key region to support economy

 

4:30am BST

 

Alibaba's founders set up charitable trust seen valued at $3 billion

 

3:41am BST

 

Samsung Electronics tips pickup as first quarter profit matches guidance

 

2:46am BST

 

Soccer-World-England head to Brazil relying on youngsters and luck

 

2:46am BST

 

EnergySolutions sues NDA after losing $12 billion deal

 

UK 2:03am BST

 

SFO charges U.S.-based ex-Barclays staff in Libor probe

 

UK, 1:52am BST

 

U.S. SEC official slams agency over deal struck with RBS

 

1:52am BST

 

Reckitt Benckiser confirms talks to buy Merck unit

 

1:52am BST

 

Univision says Comcast buy of TWC could be 'bad for Hispanic audiences'

 

Spain 1:52am BST

 

Pfizer chases AstraZeneca for potential $100 billion deal

 

David Cameron 1:52am BST

 

Stocks slip on slide in U.S. growth shares, oil prices fall

 

FXpert 1:52am BST

 

Exclusive - Allergan eyes new takeover bid for Shire: sources

 

1:24am BST

 

Samsung Electronics first-quarter operating profit dips 3 percent, in line with guidance

 

12:50am BST

 

U.S. SEC official slams agency over deal struck with RBS

 

12:30am BST

 

Pfizer move to join tax-driven deal-making raises red flags in U.S

 

G20 12:29am BST

 

Britain's economic recovery seen speeding up in first quarter

 

UK, David Cameron 12:21am BST

 

SFO charges U.S.-based ex-Barclays staff in Libor probe

 

UK, 12:16am BST

 

Stocks slip on slide in U.S. growth shares, oil prices fall

 

FXpert, 12:15am BST

 

Pfizer chases AstraZeneca for potential $100 billion deal

 

David Cameron 12:13am BST

 

Allergan eyes new takeover bid for Shire -sources

 

12:11am BST

 

Blocked bonus plan puts RBS at 'disadvantage' - Standard Life executive

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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29 April 2014 Last updated at 19:03

 

 

UK economy grows by 0.8% in quarter_74508862_brompton1.g.jpg

 

UK economy grows 0.8% in first quarter of 2014, the fifth consecutive quarter of growth, according to the ONS.

 

 

_74526817_de24-1.jpgCable defends Royal Mail sale price

 

The UK Business Secretary, Vince Cable, stands by the initial pricing of Royal Mail shares, as he gives evidence to a parliamentary committee.

 

 

 

_74497380_hi021541140.jpgDelay to mobile number bank payments

 

Twenty million bank account holders will have no immediate access to the new Paym mobile payment technology, which officially launches on Tuesday.

 

 

 

Other Top Stories

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Pfizer boss in charm offensive as MPs move to protect AstraZeneca

 

pfizer_1890073g.jpg

Ian Read holds string of meetings with senior Government figures as Business Select Committee raises concerns about UK's "national interests"

7 Comments Co-op dismisses board member following leaks

 

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Board of troubled mutual asks Stuart Ramsay to go with immediate effect following Kroll report

Comment

Barclays' US chief McGee quits

 

barclays3_2277632g.jpg

Chief executive of Barclays Americas and a former senior Lehman Brothers manager, Hugh 'Skip' McGee, steps down ahead of a radical overhaul of US operations

4 Comments

BP plays down Rosneft sanctions threat

 

Dudley_2287037g.jpg

UK oil giant's boss Bob Dudley says relationship with state-backed Russian company continues to grow as he unveils fall in first-quarter profits

Comment

Siemens reveals it will bid for France's Alstom

 

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Siemens confirms it will attempt to buy France's Alstom, which is the subject of a $13bn bid from General Electric

14 Comments

Banks must cope with 80s-style recession

 

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PRA says UK lenders' balance sheets must be able to handle 30pc depreciation in pound, unemployment of 12pc, a 35pc fall in house prices and a 30pc fall in stock market

30 Comments

Economy expands 0.8pc in first quarter

 

Union-Jack_2312921g.jpg

Expansion of 0.8pc in the first three months of the year marks fifth consecutive quarter of growth for UK economy

 

 

Warren Buffett bet Energy Future collapses

 

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US power giant was due to repay $100m of debts this week, but filed for Chapter 11

3 Comments

 

Grosvenor calls top of capital property market?

 

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The Duke of Westminster's property group has sold off £240m of its property portfolio in the Capital in the face of a cooling London market

4 Comments

Dianne Thompson retires as Camelot chief

 

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Camelot, which runs the National Lottery, to split into two divisions when chief executive Dianne Thompson steps down

Null points for EU’s stress-test comedy

 

Why Piketty's bestselling post-crisis manifesto is horrendously flawed

 

Thomas Piketty's bestselling post-crisis manifesto is horrendously flawed

 

money_2896038g.jpg

A much better solution is to encourage an ownership society so all can enjoy returns from capital

28 Comments What to expect from the Federal Reserve

 

 

 

 

Alibaba goes shopping for patents ahead of IPO

 

 

 

 

Business news and markets: as it happened - April 29, 2014

 

 

 

 

Will the UK economy keep up the pace?

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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After Data Breach, Target Replaces Its Head of Technology

 

By ELIZABETH A. HARRIS 2:08 PM ET

 

 

The company also announced an accelerated timetable — by early next year — for shifting all of its Redcard debit and credit cards to chip-and-PIN technology, which is widely used in Europe and is considered more secure than cards that rely on magnetic strips.

 

 

 

30wright-ss-slide-MOH2-sfSpan-v2.jpg

William Zbaren for The New York Times

 

 

Square Feet

 

Memorializing a Frank Lloyd Wright Legacy

 

By ROBERT SHAROFF

 

A museum replicating a lab in the Research Tower at S.C. Johnson’s headquarters in Racine, Wis., is opening as part of an eight-year, $30 million restoration project.

 

 

 

 

 

 

 

DealBook

 

dbpix-txu1-thumbStandard.jpg

Big Texas Utility Files for Bankruptcy

 

By JULIE CRESWELL and MICHAEL J. DE LA MERCED 1:50 PM ET

 

Energy Future, which lost billions of dollars as natural gas prices fell, will become one of the largest Chapter 11 filings in corporate history.

 

DealBook

 

dbpix-pork1-thumbStandard.jpg

Big Chinese Pork Producer Cancels Its I.P.O.

 

By NEIL GOUGH 12:40 PM ET

 

The WH Group decided to cancel its $1.9 billion initial public offering in Hong Kong after it failed to generate enough enthusiasm from investors, even after reducing the size of the I.P.O.

 

DealBook

 

subDrug-thumbStandard.jpg

Pfizer Proposes a Marriage With AstraZeneca, Easing Taxes in a Move to Britain

 

By DAVID GELLES and MICHAEL J. DE LA MERCED

 

The company on Monday proposed a $99 billion acquisition of its British rival AstraZeneca, a move that would allow Pfizer to tap into a mountain of cash trapped overseas.

 

 

DealBook

 

Bank-thumbStandard-v2.jpg

Bank of America Finds a Mistake: $4 Billion Less Capital

 

By PETER EAVIS and MICHAEL CORKERY

 

After Bank of America reported its error, the the Federal Reserve required the bank to suspend a share buyback and a planned increase in its quarterly dividend.

 

Fed-thumbStandard.jpg

At Meeting, Fed Likely to Again Cut Bond Buying

 

By BINYAMIN APPELBAUM

 

The Fed’s policy wing is expected to cut another $10 billion from its monthly bond purchases, to $45 billion, ending the purchases this fall.

 

 

30eupatent-web1-thumbStandard.jpg

Europe’s Antitrust Chief Censures Google’s Motorola Mobility Over Key Patents

 

By JAMES KANTER and STEVE LOHR 52 minutes ago

 

The ruling is the strongest statement yet by an antitrust authority against the use of vital patents for mobile digital devices to stymie rivals.

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Breaking news

 

 

 

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Saga customers sign up ahead of £2.2 billion float

 

 

 

Ladbrokes poised to cut jobs after tax hike

 

 

 

 

Co-op Bank's near-collapse blamed on Britannia merger

 

 

 

 

Top US banker quits Barclays as turmoil rages over bosses' pay

 

 

 

 

GDP grows by 0.8% in the three months: Rising consumer confidence fires up economy growth

 

 

 

 

'Super-prime' property sell-off by Grosvenor

 

 

 

 

MPs to grill Pfizer chiefs over bid for AstraZeneca

 

 

 

 

Twitter shares plunge despite rise in revenue and users

 

 

 

 

Royal Mail float scandal: how hedge funds cleaned up

 

 

 

 

Bank of England mocks up crisis scenario for new bank stress test

 

 

 

James Moore: Barclays Americas new chief will have to be worth his weight in gold

 

 

 

James Moore: BP could be scapegoat for US in Ukraine wrangle

 

 

 

 

James Moore: We can't take our eye off the ball in reforming the banks

 

 

 

 

Chris Blackhurst: Of course the flash boys of Wall Street have behaved awfully, but they've not acted alone over high-frequency trading

 

 

 

 

A divorce could be very costly if Alex Salmond runs off with Scotland

 

 

 

 

James Moore: Let’s think about OUR national interest as Pfizer guns for Astra

 

 

 

 

Mark Leftly: Exposing the high price of nuclear decontamination bids

 

 

 

 

Mark Leftly: HS2 would create thousands of engineering and building jobs to help the UK economy

 

 

 

 

James Moore: Dave's corporate tantrum as Sports Direct shareholders say 'no'

 

 

 

 

James Moore: Will the Americans say 'yeah' to Primark?

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

30 April 2014 Last updated at 20:04

 

 

US Fed continues to shrink stimulus_74562531_454782605.jpg

 

The US Federal Reserve announces a further slowdown of its stimulus efforts, trimming its monthly bond-purchases by $10bn.

 

 

_74562042_book.jpgFacebook to place ads in other apps New

 

Facebook announces its own mobile ad network to place adverts inside third-party apps, putting it into competition with Google and Apple.

 

 

 

_74553111_74551431.jpgUS economic growth slows sharply

 

US economic growth slows to 0.1% in the first quarter of the year, thanks to the impact of unusually bad winter weather.

 

 

 

Other Top Stories

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Share on other sites

Bank of Cyprus to release more deposits frozen under bailout

 

7:43pm BST

 

GE eases ahead in race for Alstom power assets

 

7:23pm BST

 

GE says talks with France on Alstom productive, to boost jobs

 

7:23pm BST

 

GE CEO says there will be opportunities to modify Alstom bid

 

7:22pm BST

 

CEO Barra leans on small circle of GM veterans

 

7:07pm BST

 

Exelon to become top US power distributor with Pepco buy

 

7:01pm BST

 

China, India named on U.S. piracy, patents blacklist

 

6:44pm BST

 

J. Safra Sarasin buys Morgan Stanley's Swiss private bank

 

6:38pm BST

 

Lloyds reaches deal to sell $500 million in shipping loans - sources

 

UK, 6:23pm BST

 

GSK hit by poor lung drug sales, CEO dislikes mega-mergers

 

6:19pm BST

 

U.S. government lost $11.2 billion on GM bailout

 

6:19pm BST

 

Shell boosts dividend after beating first quarter estimates

 

6:19pm BST

 

Almost half of big UK employers use insecure contracts - ONS

 

UK 6:19pm BST

 

Reckitt Benckiser says no longer in talks with Merck

 

6:13pm BST

 

Bank of England 'should be nervous' about house prices - Dale

 

UK 6:12pm BST

 

BoE's Haldane unsure if his views match MPC consensus

 

UK 6:11pm BST

 

BoE's Haldane unsure if his views match MPC consensus

 

6:09pm BST

 

FTSE touches seven-week high as energy shares rally

 

FXpert 5:46pm BST

 

BoE's Haldane says asset prices central to economy risks

 

UK 5:37pm BST

 

U.S. economy stalls in first quarter, but fundamentals still sound

 

5:30pm BST

 

Bank of England launches external review of MPC record-keeping

 

5:18pm BST

 

England winger Townsend to miss World Cup

 

Sport 5:08pm BST

 

EU watchdog starts test of insurers' resilience to shocks

 

5:07pm BST

 

BNP warns U.S. fine may 'far exceed' $1.1 billion provision | btn_rel_video.gif

 

4:58pm BST

 

MPs plan to probe Pfizer pursuit of AstraZeneca

 

UK 4:41pm BST

 

Nomura profit falls as 'Abenomics' euphoria fades

 

Japan 4:34pm BST

 

GSK says staying on sidelines in Astra, Pfizer fight

 

4:25pm BST

 

Thomson Reuters profit beats on cost-cutting

 

4:21pm BST

 

Bad debt drop signals Spanish banks' slow march back to normality

 

Spain 4:10pm BST

 

Ireland opens banking inquiry after bankers escape jail

 

4:08pm BST

 

BNP warns U.S. fine may 'far exceed' $1.1 billion provision

 

3:59pm BST

 

Greece eyes extension of rescue loans, more bond issues

 

3:58pm BST

 

Britain names 'priority investors' in Royal Mail privatisation

 

UK, 3:34pm BST

 

Daimler profits double as Mercedes recovery continues

 

3:06pm BST

 

Euro zone debt chiefs, taking no chances, exploit super low borrowing costs

 

2:55pm BST

 

Embraer first-quarter profit triples on defense, business jets

 

2:51pm BST

 

Economy to pay price for Russia's Ukraine involvement - Reuters poll

 

2:46pm BST

 

U.S. funds raise equity stakes, euro zone at three-year high - Reuters poll

 

2:40pm BST

 

British investors ratchet back up equity bets in April

 

2:37pm BST

 

Insurance to holidays group Saga plans 2.2 billion pound flotation

 

1:59pm BST

 

Co-op Group board member leaves after leaks investigation - source

 

UK, 1:52pm BST

 

Co-operative Bank downfall blamed on Britannia takeover

 

UK, 1:52pm BST

 

Leading investors lift equity holdings; cut bonds, emerging stocks

 

1:29pm BST

 

Ryanair buys five more Boeing 737-800 planes

 

Aerospace & Defence 1:02pm BST

 

Etihad still open to Alitalia talks, but won't budge on demands

 

Aerospace & Defence 1:00pm BST

 

Russian firms turn to Asia for finance as Western funds demur

 

12:36pm BST

 

Exclusive - Sanofi explores $7 billion-plus sale of drug portfolio: sources

 

12:34pm BST

 

Euro zone inflation edges up, swift ECB action seen less likely

 

12:15pm BST

 

Ladbrokes to maintain dividend after fall in profit

 

UK 12:05pm BST

 

Electronics chain Media-Saturn squares up to e-commerce challenge

 

12:02pm BST

 

German unemployment falls far more than forecast in April

 

11:05am BST

 

British American Tobacco volume improves as forex weighs

 

11:05am BST

 

Standard Life cheers changing UK retirement landscape

 

10:15am BST

 

BOJ projects inflation exceeding 2 percent, keeps bullish view intact

 

Japan 10:12am BST

 

Barclays to announce 'bad bank' next week - source

 

10:11am BST

 

Spain's economy grows at fastest pace in six years

 

Spain 9:46am BST

 

Consumer confidence hits highest since June 2007 - GfK

 

UK, 9:46am BST

 

Santander UK expects new chairman this year as Burns steps down

 

Spain 9:38am BST

 

Alstom accepts 10 billion euro GE bid for its energy unit

 

9:25am BST

 

Rolls-Royce says in talks to sell parts of energy unit to Siemens

 

9:25am BST

 

Qatari fund buys Heritage Oil for $1.6 billion

 

Middle East 9:23am BST

 

German unemployment falls far more than forecast in April

 

9:13am BST

 

Next ups profit guidance after strong quarter

 

8:55am BST

 

Argos owner sees profits rise as turnaround push shows promise

 

8:51am BST

 

China confident after bank stress tests, even as growth slows

 

8:26am BST

 

Alstom says Bouygues to remain shareholder after GE deal

 

8:25am BST

 

France caught between nuclear cliff and investment wall

 

8:21am BST

 

Asian shares struggle, yen firms as BOJ stays upbeat

 

FXpert, Japan 8:08am BST

 

Tullow Oil sells stakes in two UK fields, seeks more NSea sales

 

Africa 7:55am BST

 

ECB's Noyer says in favour of injecting further liquidity

 

7:52am BST

 

Greggs first-quarter sales rise, sees good first-half outcome

 

7:50am BST

 

CSR first-quarter revenue falls 24 percent

 

7:49am BST

 

Total first-quarter net down 10 percent on refining, lower output

 

7:47am BST

 

Standard life assets rise in first quarter

 

7:39am BST

 

Ultra Electronics sees higher-than-usual defence orders in second half

 

7:37am BST

 

Domino's hands David Wild permanent CEO role

 

7:12am BST

 

Alstom says to review GE offer for energy business

 

6:19am BST

 

China banking system passes stress tests - PBOC

 

6:06am BST

 

U.S. consumer confidence rebounds to pre-crisis levels in first quarter - Nielsen

 

3:18am BST

 

China government think tank cuts GDP forecast - report

 

3:14am BST

 

UK economy grows at fastest pace in over six years

 

UK, David Cameron 1:44am BST

 

Exclusive - Sanofi explores $7 billion-plus drug divestiture: sources

 

1:44am BST

 

Barclays to announce 'bad bank' next week - source

 

UK, 1:13am BST

 

Twitter disappoints again on user growth and views; shares drop | btn_rel_video.gif

 

1:07am BST

 

EBay beefs up U.S. war chest in pursuit of growth

 

12:49am BST

 

Alstom accepts 10 billion euro GE bid for its energy unit

 

12:35am BST

 

Exclusive - Sanofi explores $7 billion-plus drug divestiture: sources

 

12:22am BST

 

Global stocks rise on earnings, Euro falls on inflation data

 

FXpert, 12:19am BST

 

Consumer confidence hits highest since June 2007 - GfK

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Fed to Continue Cutting Bond Purchases

 

By BINYAMIN APPELBAUM 2:06 PM ET

 

 

The Fed offered no new insight into the next set of decisions it must make: when to start raising short-term interest rates, which it has held near zero since December 2008.

 

 

 

 

JP-ALLSTATE-sfSpan.jpg

Steve Hebert for The New York Times

 

 

Finding Risks in Signing Away the Right to Sue

 

By TARA SIEGEL BERNARD

 

A group of former Allstate agents are looking for their day in court after waiving their right to bring a lawsuit. Above, Nathan Littlejohn, with his wife, Sylvia, wants to pursue an age-discrimination claim.

 

 

 

 

 

 

01ECON-thumbStandard.jpg

U.S. Economy Barely Grew in First Quarter

 

By NELSON D. SCHWARTZ 10:28 AM ET

 

The rate of growth, 0.1 percent, was well below economists’ expectations of a 1.2 percent rate, as the harsh winter curbed corporate spending and housing sector activity.

 

 

01facebook-web3-thumbStandard.jpg

Facebook to Let Users Limit Data Revealed by Log-Ins

 

By VINDU GOEL 1:40 PM ET

 

The company’s move is part of its goal to become a platform on which other apps run, with Facebook accounts used as universal IDs.

 

 

DealBook

 

dbpix-foreclosure2-thumbStandard.jpg

Regulator’s Report Discovers More Issues With Bank Foreclosure Practices

 

By MICHAEL CORKERY 24 minutes ago

 

A new report from a banking regulator offers a snapshot of the morass of problems that mortgage holders who fell behind in payments experienced during the financial crisis.

 

DealBook

 

dbpix-mullen-thumbStandard.jpg

Troubled-Mortgage Funds Are on the Rise, but Face Headwinds

 

By MATTHEW GOLDSTEIN 2:29 PM ET

 

Distressed-mortgage funds are suddenly hot, but it is unclear whether the strategy of investing in delinquent home loans will live up to the marketing hype.

 

01WAGE-span-thumbStandard.jpg

Republican-Led Filibuster Blocks Minimum Wage Bill in Senate

 

By JEREMY W. PETERS 12:36 PM ET

 

A proposal to raise the federal minimum wage to $10.10, an issue that Democrats hope to leverage against Republicans in the midterm elections, failed in the Senate on Wednesday.

 

 

DealBook

 

dbpix-bank-split1-thumbStandard.jpg

Two Giant Banks, Seen as Immune, Become Targets

 

By BEN PROTESS and JESSICA SILVER-GREENBERG

 

Prosecutors are investigating Credit Suisse for offering tax shelters and BNP Paribas for helping blacklisted countries, seeking to criminally punish the banks without putting them out of business and damaging the economy.

 

 

01fcc-web1-thumbStandard.png

F.C.C. Chairman Says Broadband Competition Is Lacking

 

By EDWARD WYATT 10:07 AM ET

 

The chairman, Tom Wheeler, is to discuss net neutrality before an industry group, as the agency faces pressure over the Comcast-Time Warner merger.

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Fed to Continue Cutting Bond Purchases

 

By BINYAMIN APPELBAUM 2:06 PM ET

 

 

The Fed offered no new insight into the next set of decisions it must make: when to start raising short-term interest rates, which it has held near zero since December 2008.

 

 

 

 

JP-ALLSTATE-sfSpan.jpg

Steve Hebert for The New York Times

 

 

Finding Risks in Signing Away the Right to Sue

 

By TARA SIEGEL BERNARD

 

A group of former Allstate agents are looking for their day in court after waiving their right to bring a lawsuit. Above, Nathan Littlejohn, with his wife, Sylvia, wants to pursue an age-discrimination claim.

 

 

 

 

 

 

01ECON-thumbStandard.jpg

U.S. Economy Barely Grew in First Quarter

 

By NELSON D. SCHWARTZ 10:28 AM ET

 

The rate of growth, 0.1 percent, was well below economists’ expectations of a 1.2 percent rate, as the harsh winter curbed corporate spending and housing sector activity.

 

 

01facebook-web3-thumbStandard.jpg

Facebook to Let Users Limit Data Revealed by Log-Ins

 

By VINDU GOEL 1:40 PM ET

 

The company’s move is part of its goal to become a platform on which other apps run, with Facebook accounts used as universal IDs.

 

 

DealBook

 

dbpix-foreclosure2-thumbStandard.jpg

Regulator’s Report Discovers More Issues With Bank Foreclosure Practices

 

By MICHAEL CORKERY 24 minutes ago

 

A new report from a banking regulator offers a snapshot of the morass of problems that mortgage holders who fell behind in payments experienced during the financial crisis.

 

DealBook

 

dbpix-mullen-thumbStandard.jpg

Troubled-Mortgage Funds Are on the Rise, but Face Headwinds

 

By MATTHEW GOLDSTEIN 2:29 PM ET

 

Distressed-mortgage funds are suddenly hot, but it is unclear whether the strategy of investing in delinquent home loans will live up to the marketing hype.

 

01WAGE-span-thumbStandard.jpg

Republican-Led Filibuster Blocks Minimum Wage Bill in Senate

 

By JEREMY W. PETERS 12:36 PM ET

 

A proposal to raise the federal minimum wage to $10.10, an issue that Democrats hope to leverage against Republicans in the midterm elections, failed in the Senate on Wednesday.

 

 

DealBook

 

dbpix-bank-split1-thumbStandard.jpg

Two Giant Banks, Seen as Immune, Become Targets

 

By BEN PROTESS and JESSICA SILVER-GREENBERG

 

Prosecutors are investigating Credit Suisse for offering tax shelters and BNP Paribas for helping blacklisted countries, seeking to criminally punish the banks without putting them out of business and damaging the economy.

 

 

01fcc-web1-thumbStandard.png

F.C.C. Chairman Says Broadband Competition Is Lacking

 

By EDWARD WYATT 10:07 AM ET

 

The chairman, Tom Wheeler, is to discuss net neutrality before an industry group, as the agency faces pressure over the Comcast-Time Warner merger.

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Serco launches £170m fundraising on back of third profit warning

 

soames_2800738g.jpg

Chief financial officer Andrew Jenner to step down as company warns on fate of dividend on eve of Rupert Soames' arrival

Comment Boris: City under threat after ECJ ruling

 

london_2779122g.jpg

Mayor of London highlights the dangers of the EU Court's rejection of Britain's legal challenge to financial transaction tax

 

Kelly: Co-op merger should not have happened

 

coop_2878942g.jpg

Sir Christopher Kelly's report into the failure of the Co-op Bank has set out a series of damning conclusions into the way the lender and the Co-op Group have been run

 

 

Pound hits four-year high as US GDP 'freezes'

 

obama_2591295g.jpg

World's largest economy expanded by just 0.1pc an an annual basis in the first quarter of the year, sending the pound higher against the dollar

41 Comments

 

Shell puts new Russian projects on hold

 

shell_2634594g.jpg

Finance chief says there won't be any new investments in the short term in Russia as oil giant takes $2.6bn charge on its refining arm

Comment

Siemens prepared to sweeten Alstom offer

 

alstom_1929768g.jpg

German industrial group says it could improve its offer hours after Alstom says it is considering a $17bn offer from GE

 

 

Sorrell tops FTSE 100 pay league

 

wpp_1911101g.jpg

Performance-related payments lead to a 70pc remuneration boost and raise the prospect of a shareholder protest

1 Comment

Sainsbury's revamps management team

 

sainsbury_2637365g.jpg

Sainsbury's revamps top team as Justin King prepares to step down

Comment

 

Paddy Power attacks curbs on betting shops

 

fixed-odds-betting_2893782g.jpg

Betting shops will be subject to a separate planning class under reforms announced by the Government

Comment

 

Employees on 'zero-hours' contracts hits 1.4m

 

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Worries about true strength of jobs market as official figures show number on 'zero-hours' contracts much higher than thought

 

 

Treasury may change inflation target to include housing costs

 

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Top Bank of England policymaker Andy Haldane says inflation measure that includes housing costs would be “conceptually and practically more useful"

Comment Seven reasons why we are on the verge of a long-lasting recovery

 

 

 

 

Business news and markets: as it happened

 

 

 

 

Pound hits four-year high as US economy 'freezes'

 

 

 

 

Can Mario Draghi solve the Eurozone's problems?

 

 

 

 

Seven reasons why we are on the verge of a long-lasting recovery

 

Null points for EU’s stress-test comedy

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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