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The Shrewd Shopper Carries a Smartphone on Black Friday

 

By STEPHANIE CLIFFORD and CLAIRE CAIN MILLER 12:31 PM ET

 

 

Smartphone apps for shoppers are now loaded with planning tools, prices and directions to parking spots.

 

 

 

 

23apps1-sfSpan.jpg

Tim Gruber for The New York Times

 

From left, Tara Niebeling, Sarah Schmidt, Bridget Jewell and Erin Vande Steeg are members of the social media team at the Mall of America in Bloomington, Minn.

 

 

 

 

 

 

 

JP-HEWLETT-thumbStandard.jpg

H.P.’s Misstep Shows the Risk in Big Ideas

 

By QUENTIN HARDY

 

Hewlett-Packard’s troubled purchase of the software company Autonomy is an example of the problems older technology companies face as they try to get the jump on their younger rivals.

 

DealBook

 

Glencore Wins European Approval for Xstrata Deal

 

By MARK SCOTT 1:17 PM ET

 

Glencore International gained regulatory approval for its $32 billion takeover of Xstrata after it agreed to sell assets and reduce its operations to appease European antitrust authorities.

 

23bbc-thumbStandard.jpg

Scandal-Scarred BBC Names Opera Chief as Leader

 

By JOHN F. BURNS and ALAN COWELL 9:43 AM ET

 

Tony Hall, a former BBC news executive who went on to head the Royal Opera House, has been selected to steer the broadcaster through its worst crisis in years.

 

DealBook

 

Ally to Sell International Operations to G.M. for $4.2 Billion

 

By MICHAEL J. DE LA MERCED

 

Ally agreed on Wednesday to sell its European and Latin American businesses, as well as a share of a joint venture in China, to G.M.'s financial arm for about $4.2 billion.

 

U.S. Judge Orders Argentina to Pay Holdout Bondholders

 

By THE ASSOCIATED PRESS 20 minutes ago

 

The country has until Dec. 15 to pay some creditors who declined to accept a debt swap a decade ago. Refusal could throw Argentina back into default.

 

22fisher2-thumbStandard.jpg

Retailer Shakes Off the Storm

 

By STEPHANIE CLIFFORD

 

The Eileen Fisher clothing stores and headquarters were hit hard by last month’s big storm, but insurance, some planning and much luck helped executives and employees reopen the business.

 

DealBook

 

dbpix-hostess1-thumbStandard.jpg

Judge Approves Hostess Brands' Plan to Close Down

 

By STEVEN GREENHOUSE and MICHAEL J. DE LA MERCED 12:51 PM ET

 

Judge Robert D. Drain of the Southern District of New York cited the need for a quick and orderly shuttering of the company to avoid letting its assets molder.

 

Oil Prices Stay Steady Despite Mideast Conflict

 

By CLIFFORD KRAUSS

 

While Thanksgiving gas prices in the United States are higher than a year ago and at a record level, oil experts say plentiful global supplies will help prevent a jump in prices.

 

 

 

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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Greece Once Again Boiling Over

Eventually you run out of other people's money to pledge, and are forced to either pledge your own (and face that you'll never see it again) or tell the person with their hand out to stuff it.

That day may be at hand for Greece:

With creditors led by Germany refusing to put up fresh money or offer debt relief, the finance chiefs were unable to scrape together enough funds from other sources to help alleviate Greece’s debt burden, set to hit 190 percent of gross domestic product in 2014.

Yep. And now the IMF has a problem because its bylaws prohibit lending to nations with "unsustainable" debts, which it defines as 120% of GDP.

Then we must define "debt"; the US violates this in spades if you use the discounted cash flow requirement for entitlements as part of "debt."

 

More at the link.

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

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

Comet's comeback? Appliances Online bids to take retailer 'internet-only'

 

23 November 2012 01:01 PM

The entrepreneur behind Appliances Online has tabled a bid for Comet in a move that could see the failed electrical chain disappear from retail parks and high streets.

 

 

Steel giant Tata to cut 900 jobs

 

23 November 2012 11:00 AM

Steel giant Tata is cutting 900 jobs and closing 12 sites under plans to improve competitiveness, the firm announced today.

 

 

 

Don't let banking lobby kill reforms, warns King

 

22 November 2012 10:40 PM

Bank's Governor says regulators could cave in under pressure from industry

 

 

Mountain of debt soars to over £28bn at Network Rail

 

22 November 2012 10:40 PM

Network Rail, the company which runs everything on Britain's railways apart from the trains, saw its debts soar by almost £1bn to more than £28bn in the past six months.

 

 

 

Women close pay gap but earnings lose ground to inflation

 

22 November 2012 10:40 PM

The pay gap between male and female workers has fallen below 10 per cent for the first time, according to official figures.

 

 

 

CBI survey points to weakness

 

22 November 2012 10:40 PM

A new survey of manufacturers has shown output expectations falling to the lowest level since the start of the year, exacerbating fears that the economy is once again contracting.

 

 

 

DMGT soaring after its £100m buyback

 

22 November 2012 10:40 PM

Daily Mail & General Trust's shares yesterday surged nearly 11 per cent to their highest in almost two years after announcing strong annual profits and a £100m share buyback.

 

 

 

Eurozone downturn set to gather pace

 

22 November 2012 10:40 PM

The eurozone is on course for a deepening recession in the final quarter of 2012 as the worst slump in activity for more than three years looms. The financial data provider Markit's snapshot of manufacturing and services output across the region – where a score under 50 signals contraction – was stuck at 45.8 in November, close to its lowest since June 2009.

 

 

 

Foreign hopes lift spirits at Mothercare

 

22 November 2012 10:40 PM

The promise of overseas riches cheered up investors in Mothercare yesterday after the company posted yet another loss.

 

 

 

Brookfield may seize Pinnacle site for unpaid bills

 

22 November 2012 10:40 PM

The builders working on plans for the tallest skyscraper in the City, the Pinnacle, could seize the site after launching a legal challenge to recover £16m in unpaid bills.

 

 

 

Reckitt buys US company in Kapoor's first big deal

 

22 November 2012 10:40 PM

Reckitt Benckiser yesterday added US vitamins company Schiff to its existing bathroom cupboard of products including Gaviscon and Strepsils, with a $1.4bn (£877.7m) deal which marks the first major acquisition for its new chief executive, Rakesh Kapoor.

 

 

 

Leading accountant Scicluna to be chairman of RSA

 

22 November 2012 10:40 PM

One of Britain's leading accountants is taking over as chairman of RSA, the FTSE 100 insurer that owns the More Than brand.

 

 

 

SABMiller profit rise bucks trend

 

22 November 2012 10:40 PM

The brewer SABMiller has reported a 12 per cent rise in first-half profits, driven by a strong performance in Latin America.

 

 

 

UK whistleblowers top US league

 

22 November 2012 10:40 PM

More than one in 10 tip-offs about corporate wrongdoing received by the US Securities and Exchange Commission (SEC) came from overseas, with British whistleblowers topping the list, a global investigations firm said yesterday.

 

 

 

Questions mount for Deloitte over relationship with Autonomy

 

22 November 2012 10:40 PM

Deloitte faced more questions over its relationship with the software firm at the eye of a storm over alleged "accounting improprieties" yesterday, as a shareholder adviser said it had repeatedly raised concerns over the fees racked up by the auditor for other work.

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

EU budget summit ends without deal, retry in 2013 | btn_rel_video.gif

 

David Cameron 7:25pm GMT

 

German Bundestag approves 2013 budget, borrowing down

 

7:25pm GMT

 

A deal briefly glimpsed before EU budget talks fail

 

David Cameron 7:19pm GMT

 

Global shares, euro rise on Greek hopes, German data

 

FXpert 7:14pm GMT

 

Greece says lenders closer to debt viability compromise | btn_rel_video.gif

 

IMF 6:51pm GMT

 

Greece's NBG shareholders approve Eurobank offer

 

6:51pm GMT

 

Ranbaxy recalls generic Lipitor in United States

 

6:24pm GMT

 

EADS hit by latest shareholder manoeuvres

 

Aerospace & Defence 5:40pm GMT

 

FTSE posts biggest weekly gain this year

 

FXpert 5:18pm GMT

 

Total picks four bidders for TIGF gas network-sources

 

5:07pm GMT

 

EU long-term budget talks called off - diplomats

 

5:06pm GMT

 

Merkel: sees potential for EU budget deal at start of 2013

 

5:05pm GMT

 

France says wants change to EU budget rebate system

 

5:05pm GMT

 

Leaders' comments from EU budget negotiations

 

David Cameron 5:05pm GMT

 

Germany's Schaeuble: confident can close Greek funding gap

 

4:23pm GMT

 

Greek police clash with migrants at detention centre

 

3:49pm GMT

 

BP reorganises oil production unit

 

3:27pm GMT

 

Cyprus close to EU/IMF bailout, but no deal yet

 

2:51pm GMT

 

BoE's Miles: could have sought much bigger QE boost

 

2:37pm GMT

 

Gruner + Jahr shuts down Financial Times Deutschland

 

1:24pm GMT

 

Bupa, 3 funds short-listed to buy Poland's Lux Med - sources

 

12:58pm GMT

 

RBS tries to find fresh suitors for branch network

 

12:32pm GMT

 

Early birds grab bigger slice of U.S. retail pie | btn_rel_video.gif

 

7:41pm GMT

 

BoE's Dale: Economy broadly flat - paper

 

UK, 12:22pm GMT

 

Anglo American, Lafarge appoint CEO for UK JV

 

12:20pm GMT

 

Autonomy founder says HP allegations don't add up

 

5:21pm GMT

 

ECB's Draghi: governments must reform as confidence returning

 

12:12pm GMT

 

ECB's Weidmann - "monetary policy is not a panacea"

 

12:00pm GMT

 

Cyprus says agrees EU/IMF bailout deal

 

World, IMF 11:50am GMT

 

Exports, consumption drive meagre German growth in third quarter | btn_rel_video.gif

 

3:00pm GMT

 

German business sentiment surprises with November rise

 

11:45am GMT

 

Volkswagen to invest 50 billion euros over next three years

 

11:37am GMT

 

Tata Steel to cut 900 jobs in Britain

 

UK 11:20am GMT

 

Delta Lloyd scraps sale of German insurer to Nomura

 

Japan 11:14am GMT

 

UK lawmakers consider radical overhaul of banking IT

 

11:11am GMT

 

Early start to U.S. "Black Friday" shopping frenzy

 

10:38am GMT

 

Greek lenders mull ECB foregoing profits to cut debt

 

World 10:34am GMT

 

Suicide attempts increasing in crisis-stricken Greece

 

10:27am GMT

 

Highlights: Leaders' comments from EU budget negotiations

 

David Cameron 10:14am GMT

 

Greek lenders mull ECB foregoing profits to cut debt

 

10:03am GMT

 

Instant View - German business sentiment rises in November

 

9:41am GMT

 

German economy could contract in fourth quarter: Ifo economist

 

9:34am GMT

 

German regulator says ECB may get power to veto bank mergers

 

9:10am GMT

 

S&P confirms France's AA+ rating, warns on deficit

 

8:37am GMT

 

UK government reaches compromise on renewable subsidies

 

UK, David Cameron 6:55pm GMT

 

Desire says report confirms Falklands potential

 

8:10am GMT

 

Airline SAS says Danish union backs survival deal

 

7:56am GMT

 

Japan's likely next PM says may loosen fiscal discipline for growth - WSJ

 

Japan 7:54am GMT

 

Germany plans to buy EADS shares from France - paper

 

7:52am GMT

 

Instant View - German third-quarter growth confirmed at 0.2 percent

 

7:48am GMT

 

Miner ENRC beefs up chairman's role

 

7:19am GMT

 

BMW sees room for more growth in China's luxury car market

 

7:03am GMT

 

Sony at greater risk than Panasonic in electronics downturn - Fitch

 

Japan 5:38am GMT

 

"Black Friday" on Thursday starts U.S. holiday shopping

 

4:56am GMT

 

Wal-Mart India unit suspends CFO, others pending bribery probe

 

4:40am GMT

 

Mexico, China textile talks falter; WTO dispute panel eyed

 

2:36am GMT

 

Merkel doubts budget deal possible this week, more talks needed

 

2:00am GMT

 

Luxembourg's Yves Mersch appointed to ECB Executive Board

 

1:59am GMT

 

France's Hollande sees budget deal unlikely on Friday

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

[/url]

 

Britain joins forces with Germany and France to combat tax dodging

 

starbucks_2399112g.jpg

Britain has joined forces with Germany and France to press for a speedy crackdown on systematic tax dodging by big business.

15 Comments

 

 

EU budget talks collapse as Cameron says 'non'

 

cameron-brussels_2406811g.jpg

Talks on a new European Union budget have collapsed as David Cameron accused Brussels of 'living in a parallel universe' and said there could not be a 'deal at any cost.'

665 Comments

Debt crisis: Cyprus nears euro bail-out deal

 

 

EU Budget: as it happened - November 23, 2012

 

 

 

India and Italy battle for stake in Aston Martin

 

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An Italian private equity firm and an Indian carmaker are vying to purchase a 50pc stake in Aston Martin.

Comment

 

FSA should have 'smelt a rat' at HBOS

 

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The Financial Services Authority's obsession with process meant it failed to ask basic questions and spot the problems that built up at HBOS in the years before its collapse, according to Lord Turnbull.

7 Comments

 

Nationwide calls for full deposit protection

 

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Britain's biggest building society has urged the Government to give savers unlimited protection on their deposits.

1 Comment

 

China's 'Go West' boom offers bonanza for UK

 

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Rarely have British banks, insurers, and financial firms been offered such tempting fruit on a platter, if they are willing to take the plunge in China’s western hinterland.

28 Comments

 

Steel giant Tata to cut 900 British jobs

 

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Steel giant Tata is slashing 900 jobs and closing 12 sites across the UK as it battles against "difficult economic conditions".

64 Comments

 

Fallon in 'electronic tag' jibe at boss Cable

 

 

 

 

Commission to look at bank computer systems

 

 

 

 

Brewer Fuller's warns high taxes threatens jobs

 

Banking can be made honest – but not fail-safe

 

Vince Cable's talk of long-termism is hollow while political risks deter investment

 

Debt accord would ensure US Treasury Secretary's place in history

 

EU Budget: as it happened - November 23, 2012

 

PD59775384_EU-BUDG_2407467g.jpg

David Cameron has been accused of “blackmailing” other European Union leaders as talks on the trillion-euro EU budget finish in deadlock.

556 Comments

Debt crisis: Cyprus nears euro bail-out deal

 

 

 

 

Chrystia Freeland: Where are the super-rich women?

 

 

 

 

Cyprus 'very close' to signing bailout deal

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

23 November 2012 Last updated at 17:55

 

 

Clean energy plan to add to bills_64320772_m2zxcoe5.jpg

 

The government outlines plans to spend £7.6bn on cleaner energy by 2020, to be paid for through household bills, but delays a decision on long-term emissions targets. 1068

 

 

_64333622_64333554.jpgUS begins 'Black Friday' sales

 

US retailers have opened their doors for "Black Friday", usually the busiest shopping day of the year when stores reopen after the Thanksgiving holiday.

 

 

_64338229_64333628.jpgArsenal in £150m Emirates deal

 

Arsenal football club signs a new £150m deal with Emirates airline, extending its shirt sponsorship to 2019.

 

 

 

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

Vignettes of Black Friday

 

By THE NEW YORK TIMES 52 minutes ago

 

The Lede is checking out the mood of Black Friday shoppers as the economically critical holiday season kicks off. In Times Square, some had been anticipating a sale for months.

24black-sfSpan-v2.jpg

Marcus Yam for The New York Times

 

Shoppers waited in line at Toys “R” Us in New York on Friday.

 

 

 

The Shrewd Shopper Carries a Smartphone

 

By STEPHANIE CLIFFORD and CLAIRE CAIN MILLER

 

Apps for Black Friday shoppers are now loaded with planning tools, prices and directions to parking spots.

 

 

 

News Analysis

 

INSIDER-2-thumbStandard.jpg

Case Casts a Shadow on a Hedge Fund Mogul

 

By PETER LATTMAN and PETER J. HENNING

 

Evidence suggests that Steven A. Cohen participated in trades that the government says illegally used insider information, but he has not been charged.

 

 

DealBook

 

UBS Said to Face Fine in Rogue Trader Scandal

 

By MARK SCOTT

 

The Swiss bank is expected to face a multimillion-dollar fine in connection to the $2.3 billion trading loss caused by a former trader, Kweku M. Adoboli, according to two people with direct knowledge of the matter.

 

jp-QUEBEC-thumbStandard.jpg

Crackdown in Quebec: ‘Le Gap’ Won’t Do

 

By IAN AUSTEN

 

A reinterpretation of the province’s 1977 language law has led to stricter rules on company signs not rendered in French and to a lawsuit by six American retailers.

 

Wal-Mart’s India Venture Suspends Executives Amid Bribery Investigation

 

By VIKAS BAJAJ

 

The move is the latest in a series of setbacks for the retail giant's international operations.

 

DealBook

 

K.K.R. to Buy Alliant Insurance From Blackstone

 

By MICHAEL J. DE LA MERCED

 

The deal will transfer ownership of Alliant, an insurance brokerage, for the second time in five years.

 

A Black Friday Rally

 

By REUTERS 31 minutes ago

 

Stocks rallied in a half-day session as technology shares led the way in thin trading.

 

DealBook

 

Glencore Wins European Approval for Xstrata Deal

 

By MARK SCOTT

 

Glencore International gained regulatory approval for its $32 billion takeover of Xstrata after it agreed to sell assets and reduce its operations to appease European antitrust authorities.

 

Despite Objections, Luxembourg Banker Is Appointed to E.C.B. Board

 

By JAMES KANTER

 

European Union leaders appointed Yves Mersch, head of the Luxembourg central bank, to the executive board of the European Central Bank, overriding opposition to filling the post with a man.

 

Cyprus Bailout Seen as Near, but Not Yet Done Deal

 

By STEPHEN CASTLE 1:40 PM ET

 

Another day of euro zone brinksmanship brought closer the release of emergency aid for Greece, and a rescue for Cyprus. but produced no conclusive deals.

 

BP Names Chief of Oil Production Business

 

By JULIA WERDIGIER 12:44 PM ET

 

Lamar McKay, currently chairman and president of BP America, will run the British oil giant's "upstream operations" -- exploration, development and production.

 

 

 

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

Gee, What Took You So Long? (REMICs w/o Notes)

Wow, you're so on-the-ball that it only took you five years to start raising hell beyond when multiple people, myself included, began to howl about exactly this point?

Investors in mortgage-backed securities, built on the shoulders of the tax-advantaged Real Estate Mortgage Investment Conduit (“REMIC”), may be facing extraordinary tax losses because of how bankers and lawyers structured these securities. This calamity is compounded by the fact that those professional advisers should have known that the REMICs they created were flawed from the start. If these losses are realized, those professionals will face suits for damages so large that they could put them out of business. That is, unless the Wall Street Rule is applied.

No kidding?

From 2010-10-03 on The Ticker, which re-hashed a theme I've been pounding on since 2007:

 

More at the link.

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

ROFL: Captain Obvious On Line 1

Wow, someone bothered with History?

The solution to weak economic growth may be higher interest rates.

That seemingly paradoxical remedy can apply if the cause of the slump is a confidence shock that cheap borrowing costs are failing to reverse, two Columbia University economists said in a report published this week. In such a situation, ultra-easy monetary policy risks making fears of deflation a self-fulfilling prophecy as spenders sit tight.

1920/21.

Post-war American industry put on too much capacity and extended (far) too much credit. We had a nasty credit bubble and prices, including stock prices, went up. A lot.

 

More at the link.

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

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

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

Eurozone slump costs 900 jobs in UK steel industry

 

24 November 2012 12:00 AM

Tata cuts jobs in face of an expected 10 per cent slide in European demand

 

 

 

High street cowed by pile of savings

 

24 November 2012 12:00 AM

Fears of a dire Christmas for the high street mounted yesterday as new figures showed worried consumers have built up a £40bn savings pile during the past year.

 

 

 

Dr King, our finances need a shot in the arm

 

24 November 2012 12:00 AM

Sir Mervyn King took a break from the woes of the economy yesterday as the Bank of England Governor picked up an honorary doctor of civil law degree from the University of Kent.

 

 

 

Bigger role for ENRC chairman to placate investors

 

24 November 2012 12:00 AM

Kazakh mining giant Eurasian Natural Resources Corporation (ENRC) has beefed up the role of its chairman as it tries to placate angry investors over corporate governance.

 

 

 

Police probe into financial watchdog after money goes missing

 

23 November 2012 11:00 PM

A finance watchdog set up to improve the image of the City and improve regulation across the globe yesterday admitted it is being investigated by the police after a black hole appeared in its accounts.

 

 

 

New York-bound Bloomberg cuts TV jobs in London

 

23 November 2012 11:00 PM

The financial media giant founded by New York mayor Michael Bloomberg is slashing up to 100 jobs at its financial television channel in London as production shifts across the Atlantic, The Independent has learned.

 

 

 

Rogue trader says top bankers also lost fortunes on their way to stardom

 

23 November 2012 11:00 PM

Former Barclays boss Bob Diamond and JP Morgan's current chief executive, Jamie Dimon, apparently became star financiers in part because they both lost fortunes early in their careers.

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

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

24 November 2012 Last updated at 10:49

 

 

Tax avoiders to face warning shot_64342957_tax1.jpg

 

Hundreds of suspected tax avoiders are to receive letters in the coming weeks warning them that their financial affairs are facing special scrutiny.

 

 

_64325042_m2zxcoe5.jpgClean energy plan to add to bills

 

The government outlines plans to spend £7.6bn on cleaner energy by 2020, to be paid for through household bills, but delays a decision on long-term emissions targets. 1068

 

 

 

_64338229_64333628.jpgArsenal in £150m Emirates deal

 

Arsenal football club signs a new £150m deal with Emirates airline, extending its shirt sponsorship to 2019.

 

 

 

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

[/url]

 

Hewlett Packard claims 'don't add up', says former Autonomy boss

 

lynch_2408453g.jpg

Former Autonomy boss Mike Lynch is to summon Hewlett-Packard chief executive Meg Whitman to the UK "to explain herself", after she accused his business of cooking the books.

133 Comments

 

 

European banks call for capital rule delay

 

EU_2359400g.jpg

Banks ask the European Commission to postpone the introduction of Basel III by a year after US regulators told lenders they did not expect the regulations to take effect in 2013.

7 Comments

 

French threat to UK rebate as EU talks collapse

 

hol_2408381g.jpg

France has renewed its threat to Britain’s European Union budget rebate after talks on a spending ended in failure, as David Cameron accused Brussels of 'living in a parallel universe'.

Comment

EU budget talks collapse as Cameron says 'non' to Brussels

 

 

Eurozone confidence returning, says Mario Draghi

 

 

Debt crisis: Cyprus nears euro bail-out deal

 

 

 

Merkel rival warns of impact of Greek default

 

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Peer Steinbrueck cautioned that German taxpayers could foot the bill from loan guarantees.

58 Comments

European banks call for capital rule delay

 

 

 

EU countries join forces to combat tax dodging

 

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Britain has joined forces with Germany and France to press for a speedy crackdown on systematic tax dodging by big business.

243 Comments

 

India and Italy battle for stake in Aston Martin

 

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An Italian private equity firm and an Indian carmaker are vying to purchase a 50pc stake in Aston Martin.

103 Comments

 

FSA should have 'smelt a rat' at HBOS

 

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The Financial Services Authority's obsession with process meant it failed to ask basic questions and spot the problems that built up at HBOS in the years before its collapse, according to Lord Turnbull.

32 Comments

 

China's 'Go West' boom offers bonanza for UK

 

 

 

 

Steel giant Tata to cut 900 British jobs

 

 

 

 

Nationwide calls for full deposit protection

 

Eurozone confidence returning, says Mario Draghi

 

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Confidence in the future of the eurozone is returning, Mario Draghi, the head of the European Central Bank, has claimed.

24 Comments

EU Budget: as it happened - November 23, 2012

 

 

 

 

Debt crisis: Cyprus nears euro bail-out deal

 

 

 

 

Chrystia Freeland: Where are the super-rich women?

 

The £7bn bust-up over Autonomy could leave loser fatally wounded

 

Banking can be made honest – but not fail-safe

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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New Zealand Wants a Hollywood Put on Its Map

 

By MICHAEL CIEPLY and BROOKS BARNES

 

 

The government of Prime Minister John Key has linked its fortunes to some of Hollywood’s biggest pictures, creating a grand experiment in the fusion of film and government.

 

 

 

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Marty Melville/Agence France-Presse — Getty Images

 

 

 

 

 

 

 

A Small Country Crowded With Filmmakers

 

By BROOKS BARNES and MICHAEL CIEPLY

 

Some independent film directors in New Zealand say the government’s support for Peter Jackson’s blockbusters has left little for smaller movies.

 

 

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Rising Consumer Optimism Fuels an Annual Spree

 

By CATHERINE RAMPELL

 

Bargain hunters shopped in larger groups and made longer outings Thursday night and Friday at department and discount stores, with analysts predicting strong sales.

 

 

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Wal-Mart Plays Down Labor Protests at Its Stores

 

By STEVEN GREENHOUSE

 

A labor group said it organized protests at 1,000 Walmarts to push for higher wages and better benefits, but the retailer said the demonstrations were mere sideshows.

 

Cost-Cutting Cited in Loose Plane Seats

 

By CHRISTINE NEGRONI

 

American Airlines defended its hiring of outside contractors to modify its planes’ cabins, but its unionized mechanics say passengers’ safety was put at risk.

 

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Looking to Industry for the Next Digital Disruption

 

By STEVE LOHR

 

General Electric is betting that Internet-era technology is ready to sweep through the industrial economy, much as the consumer Internet has transformed media.

 

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30 Years After Chia Pets, Seeds Hit Food Aisles

 

By STEPHANIE STROM

 

With Chia Pets, a mix of seeds and water in an animal-shaped figurine could sprout a plant resembling green hair. Now, chia is becoming a nutritional “it” item.

 

 

India Unit of Wal-Mart Suspends Employees

 

By VIKAS BAJAJ

 

It is the latest setback for the retail giant’s international operations and comes at a sensitive time because India recently allowed foreign retailers to open stores in the country.

 

Britain Revives Regulation in a Push for Renewable Energy

 

By STANLEY REED

 

Britain is returning to a system of greater market intervention to fulfill what the government considers to be an imperative to reduce greenhouse gases.

 

Cyprus Says It Has Deal, but Europe Says Not Yet

 

By STEPHEN CASTLE

 

European officials continued to negotiate the release of emergency aid for Greece and a rescue for Cyprus but reached no conclusive deals despite claims of a breakthrough by the Cypriot government.

 

Luxembourg Banker Named to E.C.B. Board

 

By JAMES KANTER

 

European Union leaders appointed Yves Mersch despite opposition from some lawmakers who wanted a woman to fill the post.

 

DealBook

 

UBS Expected to Be Fined in Rogue Trader Scandal

 

By MARK SCOTT

 

The Swiss bank is expected to face a multimillion-dollar fine in connection to the $2.3 billion trading loss caused by a former trader, Kweku M. Adoboli, according to two people with direct knowledge of the matter.

 

BP Appoints New Chief of Production

 

By JULIA WERDIGIER

 

H. Lamar McKay will run exploration, development and production operations worldwide, wrapping up a restructuring of the unit after the oil spill in the Gulf of Mexico in 2010.

 

Rally Lifts Technology Shares From the Doldrums

 

By THE ASSOCIATED PRESS

 

Stocks rallied in a half-day session as technology shares led the way in thin trading.

 

 

 

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

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

F1 owner CVC Capital Partners in talks over £9bn fund

 

25 November 2012 12:00 AM

Buyout group is ready to raise cash, despite hard times for the private-equity sector

 

 

New boss steers Thomas Cook to calmer waters

 

25 November 2012 12:00 AM

After a tumultuous year, the travel agent's new boss is soothing investors

 

 

Amazon takes on supermarkets with huge growth in groceries

 

25 November 2012 12:00 AM

Amazon has launched an assault on Britain's supermarkets with a sevenfold increase in the groceries it offers online in barely two years.

 

 

 

Growth figures to be hit

 

25 November 2012 12:00 AM

Britain's flagging industrial base is in danger of taking the gloss off the strongest growth for five years, experts have warned.

 

 

 

Cinema giants eye Berlusconi chain The Space Cinema

 

25 November 2012 12:00 AM

Britain's three biggest cinema chains are considering bids for a group of picture houses owned by disgraced former Italian prime minister Silvio Berlusconi and fashion house Benetton.

 

 

 

UBM to return to London after four-year stay in Dublin

 

25 November 2012 12:00 AM

The owner of PR Newswire is set to return to the British tax fold this week, after having moved its headquarters to Dublin in 2008 to escape what it called the UK's harsh fiscal regime.

 

 

 

Relaunch of exchange group Plus Markets

 

25 November 2012 12:00 AM

Plus Markets, the former stock exchange group that once counted Arsenal Football Club among its clients, is to relaunch as a natural resources company.

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

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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Share on other sites

25 November 2012 Last updated at 18:15

 

 

BAE boss says shipyard may close_64365605_016136738-1.jpg

 

A decision on the future of BAE Systems' major shipyards is likely to be made before the end of the year and one site may close, its UK chief executive says.

 

 

_64369012_astonmartin.jpgAston Martin firm denies bid talk

 

The owner of Aston Martin, Kuwait's Investment Dar, denies reports it has received competing bids for a 50% stake in the luxury British car brand.

 

 

_64366705_016592820-1.jpgEgypt crisis prompts shares dive

 

Shares in Egypt plunge almost 10%, as protests continue against President Mohammed Mursi's decision to grant himself sweeping powers.

 

 

 

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

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

Lobbying, a Windfall and a Leader’s Family

 

By DAVID BARBOZA

 

 

The stock holdings of Prime Minister Wen Jiabao’s relatives took a solid jump after Ping An Insurance was granted a waiver to a rule that big financial companies be broken up.

 

 

 

 

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Sukree Sukplang/Reuters

 

Prime Minister Wen Jiabao’s relatives invested quietly in Ping An through a series of investment vehicles. It is not clear whether the relatives still own stock in the company.

 

 

 

 

 

 

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For Martha Stewart’s New Fans, Tattoos Meet Appliqué

 

By CHRISTINE HAUGHNEY

 

Martha Stewart’s focus on artisanal products has attracted a cult following among 20- and 30-somethings who have begun their own businesses around crafts and food.

 

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Nintendo Confronts a Changed Video Game World

 

By NICK WINGFIELD

 

Nintendo recently posted a loss as inexpensive, downloadable games for smartphones and tablets have challenged its turf. It is now counterattacking with the Wii U console.

 

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Hatching Ideas, and Companies, by the Dozens at M.I.T.

 

By HANNAH SELIGSON

 

Dr. Robert Langer’s lab at the Massachusetts Institute of Technology is on the front lines of turning discoveries into drugs and drug delivery systems.

 

Digital Domain

 

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So You’re a Good Driver? Let’s Go to the Monitor

 

By RANDALL STROSS

 

Seeking discounts on auto insurance, more drivers are agreeing to install monitors in their cars to record their driving habits.

 

Prototype

 

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The Bespoke Ski, Shaped by Science

 

By NICOLE LaPORTE

 

A custom-ski business in Colorado is trying to encourage customers to change the way they shop for skis and snowboards.

 

States Want to Have Say During Talks Over Budget

 

By MICHAEL COOPER

 

With their states still recovering from the recession, governors say they fear that talks in Washington to avert the so-called fiscal cliff will actually lead to deep cuts.

 

The Boss

 

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From Bullfighting to Finance

 

By CARMEN BERMÜDEZ

 

The chief executive of an Arizona financial firm describes her varied career path — from bullfighter to flight attendant to money manager.

 

Preoccupations

 

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At Work, Practice Puts Perfection in Reach

 

By KATIE YEZZI

 

An educator and author says that practice is one of the most powerful ways to improve performance on the job.

 

 

 

 

 

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

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