Jump to content


The great interest rate rip off part 9


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 3653 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

10 August 2013 Last updated at 15:52

 

 

Apple victory in Samsung patent case_69213913_samsung.s4.active.g.jpg

 

Apple has won a key patent case against rival Samsung which could see Samsung phones blocked from the US market.

 

 

_69193120_taxevadors_464_new.jpg'Tax fugitives' list debate deepens

 

The UK's tax authority defends the results of publishing a most-wanted list of alleged fraudsters and tax evaders amid criticism from Labour.

 

 

 

_69194188_tesco_getty.jpgTesco in talks with China Resources

 

China Resources Enterprise is in talks with the UK retailer Tesco about merging their hypermarkets and supermarkets in China.

 

 

 

 

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

  • Replies 1.8k
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Win a Lottery Jackpot? Not Much Chance of That

 

By TARA SIEGEL BERNARD

 

The odds of winning the top prize in Powerball or other big lottery is on a par with finding that needle in a haystack. A tall haystack.

 

MONEY-sfSpan.jpg

Robert Neubecker

 

 

 

 

Bits Blog

 

EMAIL-thumbStandard.jpg

2 E-Mail Services Close and Destroy Data Rather Than Reveal Files

 

By SOMINI SENGUPTA

 

To protect their customers’ data, two small e-mail providers essentially committed business suicide.

 

 

DealBook

 

09chase-web-thumbStandard.jpg

U.S. Said to Plan to Arrest Pair in Big Bank Loss

 

By BEN PROTESS and JESSICA SILVER-GREENBERG

 

Government authorities plan to arrest two former employees suspected of masking the size of a multibillion-dollar trading loss.

 

 

10nbc5-thumbStandard-v2.jpg

Fox May Produce Clinton Biopic Reviled by G.O.P.

 

By BILL CARTER

 

NBC has come under heavy fire, especially from Republican critics, for agreeing to broadcast the series about Hillary Rodham Clinton, which may end up being produced by Fox Television Studios.

 

 

DealBook

 

dbpix-sac-headquarters-thumbStandard.jpg

Fearing Loss of Capital, SAC Talks of Layoffs

 

By PETER LATTMAN

 

The beleaguered hedge fund SAC Capital Advisors is bracing for investors to pull virtually all of their remaining money, a humbling blow to a once-powerful firm hobbled by criminal insider trading charges.

 

Bits Blog

 

Sheryl Sandberg Sells $91 Million of Facebook Stock

 

By VINDU GOEL

 

The No. 2 executive at the social network made her largest stock sale since the company’s initial public offering, although she still holds shares worth more than $1 billion.

 

Judge Considers Limits on Apple’s Future E-Book Deals

 

By JULIE BOSMAN

 

A proposal that would force Apple to negotiate with publishers one at a time is an attempt to prevent the company and big publishers from collusion.

 

 

Bits Blog

 

Trade Commission Orders Ban on Some Samsung Products

 

By BRIAN X. CHEN

 

The International Trade Commission upheld a preliminary finding that Samsung’s mobile products had violated two Apple patents. The decision, unless vetoed by President Obama, will result in an import ban on some devices.

 

 

DealBook

 

dbpix-ackman-thumbStandard.jpg

Charges Fly in Bitter Feud Over Strategy at Penney’s

 

By STEPHANIE CLIFFORD and MICHAEL J. DE LA MERCED 11:12 AM ET

 

William A. Ackman stepped up his fight against fellow directors of J.C. Penney, calling for the replacement of the chairman and reiterating a demand for a new chief 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.

Link to post
Share on other sites

Rebalancing hopes helped by strongest exports on record

 

chong-panama_2622408g.jpg

Britain's goods exports hit a record high of £78.4bn in the three months to June as sales to countries outside Europe raced ahead, delivering recovery hopes another boost.

97 Comments City economists say eurozone recession is 'over'

 

eurozone_2518920g.jpg

The eurozone has exited its longest recession since records began, official figures are expected to show this week.

11 Comments

Shale gas explorers face permit delay

 

gas1_2603599g.jpg

David Cameron’s plans to kick-start shale gas fracking faced a fresh setback after the environmental regulator said explorers could face a six month wait to secure permits.

87 Comments

 

House prices 'at new record'

 

forsale_2446509g.jpg

House prices across England and Wales hit an all-time record in July, aided by Government interventions in the housing market, according to a new report.

219 Comments

Samsung's US ban a key victory for Apple

 

Samsung_2640543g.jpg

Apple has won a key victory in its long-running patents battle with Samsung, after the International Trade Commission banned the South Korean company from selling some of its products in the US.

 

NS&I reduces rates again hitting 90,000

 

NSImain_1914324g.jpg

Customers with Savings Certificates taken out before 1996 will see their interest rates change, with many falling.

8 Comments

Hotel bookings could get cheaper

 

hotel_2618700g.jpg

Hotel bookings could get cheaper after three major firms at the centre of a price-fixing probe outlined proposals to limit the practice.

15 Comments

'London is the top destination for tax dodgers'

 

 

 

 

HMRC reveals names of ten more tax-dodgers

 

 

 

 

BlackBerry 'considers putting itself up for sale'

 

 

 

 

 

Chinese ship sets sail for Northeast Passage

 

arc_2152436f.jpg

Chinese cargo ship forges maiden voyage to Europe through Arctic, marking new “short cut” Beijing hopes can spur trade with the West.

 

Reduce costs and provide a better service

 

The sun is shining on the economy - but we could still get burned

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

Oops....

Once in a while someone in the mainstream media, while trying to throw cold water all over a particular meme, pipes up with a truth that has the unintended consequence of pointing out exactly how massive the fraud has been over the last years in the US banking and credit system.

This is one of those times; Mr. Carney was trying to claim that the "money multiplier" is immaterial today.

If there is a single fact that illustrates this point it is that total commercial bank deposits at the Federal Reserve in 1951 ($20 billion) were larger—in nominal terms—than at end 2006 ($19 billion) while total US credit market assets rose by over 10,000 percent in nominal terms during the same time period.

Uh.... by how much did GDP rise during the same period?

Answer: 4,200%.

Since every dollar of borrowed money buys something, and that "something" is counted in GDP, this inescapably leads you to conclude that the majority of this "credit" did not go to building the economy but rather went to shifting assets from producers to credit "creators."

 

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

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

London traders 'face arrest' over £4bn bank loss

 

11 August 2013 12:00 AM

US agents to seek extradition of two former JPMorgan Chase bankers accused of cover-up

 

 

Treasury aims to lure the insurers

 

11 August 2013 12:00 AM

Move to bring back Lloyd's firms domiciled abroad to boost the nation's tax coffers

 

 

Bank rates pledge puts jobs in spotlight

 

11 August 2013 12:00 AM

The spotlight will fall on Britain's jobs market this week as the Bank of England's forward guidance on interest rates invests official unemployment figures with new significance.

 

 

 

Technology heavyweights set to grab slice of £12bn smart-meter pie

 

11 August 2013 12:00 AM

Hewlett-Packard, O2, IBM and other technology heavyweights competing for lucrative smart meter contracts will be put out of their misery on Wednesday when the government selects its preferred bidders for the scheme.

 

 

 

Cardiff City eyes a listing in the Far East

 

11 August 2013 12:00 AM

City stalwart Mehmet Dalman has held talks with investment bankers about a possible stock market listing of Cardiff City, the Premier League football club he chairs.

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

11 August 2013 Last updated at 12:30

 

 

UK wages drop among worst in Europe_69228072_wages.jpg

 

Wages in the UK have seen one of the largest falls in the European Union during the economic downturn, according to official figures. 1108

 

 

_69226639_69116166.jpgCable: RBS share sale five years off

 

The taxpayer's 81% stake in Royal Bank of Scotland will not be sold off in the next five years, according to Business Secretary Vince Cable.

 

 

 

_69193118_taxevadors_464_new.jpg'Tax fugitives' list debate deepens

 

The UK's tax authority defends the results of publishing a most-wanted list of alleged fraudsters and tax evaders amid criticism from Labour.

 

 

 

 

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

Link to post
Share on other sites

The Workers Defense Project, a Union in Spirit

 

By STEVEN GREENHOUSE

 

The group, which focuses on the construction industry in Texas, has emerged as one of the nation’s most creative and responsive organizations for immigrant workers.

11-WORKER1-sfSpan.jpg

Ricardo B. Brazziell/Austin American-Statesman, via Associated Press

 

At a Workers Defense Project protest in 2011, top, at the Texas Capitol in Austin, mock coffins symbolized workers killed on the job.

 

 

 

sub-summers-thumbStandard-v3.jpg

The Fed, Lawrence Summers, and Money

 

By LOUISE STORY and ANNIE LOWREY

 

Among the top contenders to lead the Fed, Lawrence H. Summers has by far the most Wall Street experience and the most personal wealth.

 

 

PIPELINE-2-thumbStandard.jpg

Amid Pipeline Debate, Two Costly Cleanups Forever Change Towns

 

By DAN FROSCH

 

As the administration considers approval of the much-debated Keystone XL pipeline, cleanup efforts in two communities portend the potential hazards of transporting heavy Canadian crude.

 

Novelties

 

11-NOVEL1-thumbStandard.jpg

Microsatellites: What Big Eyes They Have

 

By ANNE EISENBERG

 

By expanding Earth imaging, low-cost satellites could help many businesses keep track of their operations. But frequent updating of those images may also raise privacy questions.

 

Workspace

 

11-WORKSPACE5-thumbStandard.jpg

The Right Brain Sits. The Left Brain Stands.

 

 

Susan Gregg Kolger, 28, and Eric Koger, 29, are husband and wife and co-owners and co-founders of ModCloth, a social shopping retailer of independent fashion and décor.

 

 

The New Math of Media Deals

 

By MATT RICHTEL

 

The sales of three giants of the old-media world — The Washington Post, The Boston Globe and Newsweek — in as many days suggest one kind of change, but their prices suggest another.

 

 

The Boss

 

11-BOSSSUB-thumbStandard.jpg

A Responsibility to Give Back

 

By A. BARRY RAND

 

The chief executive of AARP says his grandfather, a minister, taught him the importance of making life better for others.

 

Bits Blog

 

bits-pirate-thumbStandard.jpg

The Pirate Bay Offers Web Browser to Avoid Censorship

 

By NICK BILTON

 

The Pirate Bay announced that it was releasing a free Web browser for people to access its site in countries where it is currently blocked — so they can reach Pirate Bay’s hundreds of thousands of illegal torrent files.

 

Bits Blog

 

Sheryl Sandberg Sells $91 Million of Facebook Stock

 

By VINDU GOEL

 

The No. 2 executive at the social network made her largest stock sale since the company’s initial public offering, although she still holds shares worth more than $1 billion.

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

Vince Cable: Royal Bank of Scotland sell-off is 'five years away’

 

cable_2160491g.jpg

Vince Cable, the Business Secretary, has signalled that the Royal Bank of Scotland will be in public hands for another five years, increasing the chances it will be broken up before it is re-privatised.

36 Comments

Greek bailout victims get chance of class action

 

greece_2639429g.jpg

Aggrieved investors who lost tens of billions of euros in Greece’s bail-out are being given the chance to bring class actions in America and Europe after a landmark deal between two US law firms.

Comment

Motorists feel the pinch of rising fuel costs

 

pump_2614061g.jpg

Motorists believe they are spending almost £15 a month more on fuel than a year ago, according to research.

Comment

Lord Sugar in Lloyds 'mis-selling' complaint

 

sugar_1746815g.jpg

Lord Sugar has become the most prominent business owner to emerge as a potential victim of the mis-selling of interest rate hedging products by Britain’s major banks.

57 Comments

US charging London bankers in JPMorgan case

 

jp_2639540g.jpg

Two London-based bankers could face US charges over their alleged role in the $6bn (£3.9bn) “London Whale” trading scandal at JP Morgan Chase.

12 Comments

Rivals vie for £2.8bn smart meter contracts

 

power-gas-electric_2639657g.jpg

Britain's biggest telecoms and outsourcing companies are vying for £2.8bn of contracts crucial to the Government’s plan to install a “smart” energy meter in every home by 2020.

32 Comments

Inflation still above target despite fall

 

inflation_1805627g.jpg

Headline inflation in the UK remains well over the target set for the Bank of England, official figures are expected to show this week.

9 Comments

New dragon promises deals will be authentic

 

DRAGONS0_2640845g.jpg

New Dragons’ Den star Piers Linney insists that investments are carefully considered and that he aims to broaden its scope to more ambitious ventures.

27 Comments

City economists say eurozone recession is 'over'

 

 

 

 

Diageo plans £15m fund to find new hit

 

 

 

 

 

I warn you, Mr Carney – a housing bubble is coming

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

Domestic & General sold on for £750m

 

13 August 2013 01:32 PM

Domestic & General, the company behind extended warranties on millions of electrical appliances and central heating systems, has been sold for around £750 million.

 

 

 

Hot spell gives New Look 'cracking start'

 

13 August 2013 01:31 PM

Fashion chain New Look rode the vagaries of the British weather better than some of its rivals, surviving the coldest spring for 50 years but having the right dresses and skirts on the rails when the summer finally arrived.

 

 

 

European slump hits E.ON despite UK price rise

 

13 August 2013 01:24 PM

After hitting British households that needed the heating over the long, cold winter with price hikes of up to 9.4%, German energy giant E.ON today showed how much it cashed in, with UK revenues rising 9% to £4.4 billion for just the first half of the year.

 

 

 

Troubled BlackBerry puts itself up for sale

 

13 August 2013 01:05 AM

BlackBerry, the struggling mobile phone maker that has been fighting a losing battle against Apple and Samsung, has put itself up for sale.

 

 

 

Former treasurer to Spanish PM’s People's Party, Cristóbal Páez, admits slush fund pay

 

13 August 2013 06:18 PM

A former director of Spanish Prime Minister Mariano Rajoy’s People’s Party has admitted to a judge that he was paid out of a slush fund, fuelling opposition demands for a full parliamentary probe into the scandal that has rocked a government reeling from a persistent economic crisis.

 

 

 

Surge at Resolution as baby boomers near retirement

 

13 August 2013 01:30 PM

Britain's ageing population and changes to workplace pensions proved lucrative for Resolution during the first half of the year.

 

 

 

High_Street_closures.jpg

Inflation down in July: Relief for Bank of England Governor Mark Carney

 

13 August 2013 01:16 PM

Easing of pressure from cost of living offers some relief for stretched household budgets

 

 

 

Tarnished gold price hits profits at H&T

 

13 August 2013 01:17 AM

An explosion in the number of rival pawnbrokers on the high street and a slump in the number of people exchanging gold for cash has prompted a sharp fall in half-yearly profits at H&T.

 

 

 

Japanese recovery stumbles

 

13 August 2013 01:16 AM

Growth slowdown hurts Prime Minister’s attempts to shake off 20 years of deflation

 

 

 

Cheers Diageo! Walsh walks off with £46m retirement

 

13 August 2013 01:13 AM

The former chief executive of Diageo had amassed a shares and pension retirement fund of more than £46m when he stepped down this summer.

 

 

 

Pru warns capital rules are a threat to UK jobs and growth

 

13 August 2013 01:12 AM

Prudential’s chief executive Tidjane Thiam has described new capital rules from Brussels as “one of the biggest threats to UK jobs and growth”.

 

 

 

SVG’s value jumps 23% in first half

 

13 August 2013 01:03 AM

Strong performances from the suit maker Hugo Boss and German media group ProSiebenSat drove SVG’s value up 23 per cent in the first six months of the year.

 

 

 

Private equity investor SVG's value jumps 23%

 

12 August 2013 02:14 PM

Strong performances from suit maker Hugo Boss and German media group ProSiebenSat saw the value of listed private equity investor SVG jump 23% to 480p a share in the first six months of the year.

 

 

 

Growth slowdown rattles Japanese efforts to recover

 

12 August 2013 02:11 PM

Japanese prime minister Shinzo Abe’s plans to revive the world’s third-biggest economy suffered their first setback today amid faltering growth.

 

 

 

Arrest warrant issued for JPMorgan supervisor of ‘London Whale’ trader Bruno Iksil

 

12 August 2013 02:05 PM

An international arrest warrant has been issued for former JPMorgan executive Javier Martin-Artajo, who oversaw the activities of the London Whale — the trader who lost the bank more than $6.2 billion (£4 billion).

 

 

 

Spot on: Cath Kidston sales polka past £100m for the first time

 

12 August 2013 02:01 PM

The thirst for polka dots and floral prints has pushed sales at “yummy mummy” accessories and homewares chain Cath Kidston past the £100 million mark for the first time, the firm said today.

 

 

 

v2Tesco2.jpg

Chris Bryant forced to back down over claim Tesco and Next use cheap migrant workers

 

12 August 2013 12:00 PM

Shadow immigration minister Chris Bryant has backed down from his blunt claim that the supermarket giant Tesco had undercut the wages of its British employees by recruiting from eastern Europe.

 

 

 

herne4.jpg

Thames Water blames cost of super sewer for £29 bill increase

 

12 August 2013 11:36 AM

Thames Water, Britain's biggest water company, has asked Ofwat for permission to increase bills by £29 before inflation as an exceptional "one-off"

 

 

 

Gatwick enjoys 5.5% passenger surge

 

12 August 2013 10:55 AM

A leading holiday airport handled an increased number of passengers last month.

 

 

 

Government fears fracking 'backfire' over lack of staff and rigs

 

12 August 2013 12:00 AM

Government moves to champion Britain's fledgling shale oil and gas industry are likely to backfire because any fracking boom they might foster would be curbed by a shortage of rigs, fracking equipment and qualified staff, a new report warns.

 

 

 

Mark Carney sparks 'stampede' for home loans

 

12 August 2013 12:00 AM

Mortgage lenders and brokers have enjoyed a "stampede" of borrowing requests since Mark Carney pledged to keep interest rates on hold for the next few years.

 

 

 

High street chill as online sales soar by 222 per cent

 

12 August 2013 12:00 AM

Retailers have enjoyed booming online revenue over the last five years, which has piled the pressure on struggling high street chains.

 

 

 

Thames Water's tunnel vision is put out to tender

 

12 August 2013 12:00 AM

Thames Water has fired the starting pistol on the race to select builders for up to £1.6bn of contracts to construct the biggest tunnelling project in the UK water industry's history – the super sewer project under the River Thames.

 

 

 

Big firms' audit switches set to double, EY claims

 

12 August 2013 12:00 AM

Little more than a week after PricewaterhouseCoopers poached the FTSE 100's most lucrative audit off rival KPMG, another big four accountant today predicted the number of Britain's biggest audits being re-tendered will double this year from last.

 

 

 

Deloitte hails UK 'turning point' as its revenues and profits grow

 

12 August 2013 12:00 AM

Big four accountancy firm Deloitte has posted an increase in both revenues and profits as the UK economy starts to pick up.

 

 

 

Jaguar 'eyes Merseyside expansion'

 

12 August 2013 12:00 AM

Jaguar Land Rover (JLR) is understood to be mulling a huge expansion at its Halewood factory in Merseyside that analysts estimated could create up to 1,000 new jobs.

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

Heinz to cut 600 jobs in North America after sale of company

 

7:15pm BST

 

U.S. retail sales data points to improving economy

 

7:14pm BST

 

U.S. sues to block AMR-US Airways merger; stocks fall

 

Aerospace & Defence 6:29pm BST

 

British inflation slows but property prices gallop higher | btn_rel_video.gif

 

UK, 6:13pm BST

 

Larry vs Larry: Oracle's Ellison says Google's Page acted 'evil'

 

5:53pm BST

 

Ackman quits J.C. Penney board, ending feud | btn_rel_video.gif

 

5:51pm BST

 

U.S. SEC wins dismissal of lawsuit over handling of $7 billion Stanford fraud

 

5:43pm BST

 

FTSE rises as property market pick-up lifts sentiment

 

FXpert 5:30pm BST

 

Air India seeks to lease 19 Airbus A320 planes

 

5:04pm BST

 

Euro zone to exit recession, but weak growth lies ahead

 

4:33pm BST

 

Fashion magnate buys stake in online retailer Zalando

 

3:47pm BST

 

U.S. business inventories flat, could weigh on second quarter GDP

 

3:14pm BST

 

U.S. watchdog unveils plan to overhaul audit reports

 

3:09pm BST

 

Germany's E.ON warns of extra plant closures as profit sags

 

2:56pm BST

 

Signs of economic recovery in Britain lift Cameron's poll hopes

 

UK, David Cameron 2:47pm BST

 

Russia's Rosatom eyes nuclear contracts in Britain

 

2:43pm BST

 

Jaguar Land Rover to recall 11,852 vehicles in China

 

2:25pm BST

 

China approves Baxter's $4 billion bid for Gambro

 

1:34pm BST

 

Cyprus could have sought aid earlier to avoid pain - central bank

 

1:02pm BST

 

France mulls pension changes to give labourers more say over when they retire

 

1:01pm BST

 

India auditor says wrongdoing in Italy chopper deal, piles pressure on government

 

12:39pm BST

 

Bidders line up for $1 billion Rexam healthcare unit - sources

 

12:26pm BST

 

EnQuest boosts North Sea position but warns of delay

 

12:09pm BST

 

Advent sells Domestic & General to private equity rival CVC for $1.2 billion

 

12:07pm BST

 

Euro zone industry output back into growth in June

 

12:06pm BST

 

Danish investor takes stake in German online retailer Zalando

 

11:51am BST

 

German investor morale brightens as euro zone picks up

 

11:43am BST

 

China investigating carmakers over pricing: industry body

 

11:06am BST

 

UK gas prices remain firm on Norwegian outages

 

10:53am BST

 

China approves Baxter's $4 billion bid for Gambro

 

10:44am BST

 

Weak European demand hurts chemical maker Synthomer's profit

 

10:20am BST

 

Lloyds receives $900 million bids for Australian operations - WSJ

 

10:13am BST

 

Glencore cuts budget for $5.9 billion Philippine project

 

10:13am BST

 

Instant View - UK consumer price inflation falls as forecast in July

 

UK 9:55am BST

 

Japan PM may sweeten sales tax hike with corporate tax cut

 

Japan 9:49am BST

 

Britain's homebuying aid scheme boosts new homes market

 

UK, 9:09am BST

 

Exclusive - Barclays reviewing UAE retail business for potential sale

 

9:06am BST

 

British house price inflation jumps to 2006 levels - RICS | btn_rel_video.gif

 

UK 1:54pm BST

 

Groupama sells last of SocGen stake for 518 million euros

 

9:01am BST

 

OMV profits fall on lower sales, crude price, dollar

 

8:39am BST

 

Yum feeling the heat in China as July sales tumble

 

8:11am BST

 

EnQuest H1 profits down 13.2 percent, delays new field

 

7:46am BST

 

PageGroup posts 11 percent profit fall on weak Europe

 

7:42am BST

 

Spain to slow bond issuance pace from September - report

 

7:34am BST

 

U.S. yields up; European shares, dollar advance

 

FXpert, 5:05pm BST

 

Synthomer profit falls 10 percent on weak European demand

 

7:15am BST

 

China cuts fees for some government services

 

3:54am BST

 

BAE sees growth in foreign, commercial electronic systems

 

Aerospace & Defence 12:59am BST

 

House price inflation jumps to 2006 levels - RICS

 

UK, 12:18am BST

 

Brazil delays high-speed train bids for at least a year

 

U.S. FDA approves GlaxoSmithKline's HIV drug Tivicay

 

12 Aug 2013

 

BlackBerry may put itself up for sale | btn_rel_video.gif

 

12 Aug 2013

 

EU questions Italy watchdog on broadband prices

 

12 Aug 2013

 

Campbell Soup in talks to sell some European brands to CVC

 

12 Aug 2013

 

SAC Capital's Parameter Capital trading group closes - sources

 

12 Aug 2013

 

BT passes 1 million subscriber mark for sports channels

 

12 Aug 2013

 

British shares pause, lag continental peers

 

FXpert, Aerospace & Defence 12 Aug 2013

 

Ryanair pilots group wants safety inquiry

 

Aerospace & Defence 12 Aug 2013

 

ECB's guidance to keep money market rates subdued, say traders

 

12 Aug 2013

 

Deutsche, HSBC tussle with Saudi telco on $1.2 billion loan - sources

 

12 Aug 2013

 

EU set stage for banks to load up on U.S. municipal bonds

 

12 Aug 2013

 

German watchdog readies Deutsche Bank Libor report - source

 

12 Aug 2013

 

Court ruling clears way for Vedanta overhaul to complete

 

12 Aug 2013

 

Portugal remains committed to 4.7 billion euros in spending cuts - minister

 

12 Aug 2013

 

News Corp buys online football rights in Japan, Vietnam, Indonesia

 

Sports, Japan 12 Aug 2013

 

Greece stuck in recession, bailout targets at risk

 

12 Aug 2013

 

Campbell Soup in talks to sell some European businesses to CVC Capital

 

12 Aug 2013

 

Pinnacle Foods to buy Unilever's Wish-Bone salad dressing business

 

12 Aug 2013

 

Ryanair pilots want safety inquiry, survey says

 

Aerospace & Defence 12 Aug 2013

 

Labour tones down criticism of Tesco and Next

 

UK, David Cameron, Gordon Brown 12 Aug 2013

 

Telekom Austria sidesteps questions on possible Slim bid

 

12 Aug 2013

 

Germany dismisses report that Buba expects more Greek aid

 

12 Aug 2013

 

Analysis - Higher costs may slow Kirby, winner of U.S. energy boom

 

12 Aug 2013

 

Japan growth slows in second quarter, adds to sales tax uncertainty | btn_rel_video.gif

 

Japan 12 Aug 2013

 

For Dell, buyout uncertainty adds to poor PC sales outlook

 

12 Aug 2013

 

Prudential's profits jump 22 percent | btn_rel_video.gif

 

12 Aug 2013

 

Greece beats Jan-July budget target, helped by EU funds

 

12 Aug 2013

 

Italian police seize houses, hotels in Fondiaria-Sai probe

 

12 Aug 2013

 

Hungary repays 2008 IMF loan in full - government

 

IMF 12 Aug 2013

 

China H1 gold consumption soars, set to surpass India as top user

 

12 Aug 2013

 

Technip, DOF Subsea win billion-dollar contracts from Petrobras

 

12 Aug 2013

 

Insight - California aims to 'bottle sunlight' in energy storage push

 

12 Aug 2013

 

Kenya Airways CEO says losses from airport fire $4 million so far

 

Africa 12 Aug 2013

 

America Movil wants to 'unlock value' in KPN - report

 

12 Aug 2013

 

Dollar, gold rise as economy suggests Fed move

 

FXpert, 12 Aug 2013

 

Exclusive - CFTC subpoenas metals warehousing firm as inquiry heats up

 

12 Aug 2013

 

Telekom Austria's core profit squeezed by subsidies

 

12 Aug 2013

 

China to set up more private banks to help small firms

 

12 Aug 2013

 

Japan PM adviser Hamada - no need to hurry with sales tax hikes

 

Japan 12 Aug 2013

 

Japan's Abe: econ steadily rising, will keep eye on pro-growth policy

 

Japan 12 Aug 2013

 

Japan PM adviser Honda says GDP shows econ not ready for sales-tax hike

 

Japan 12 Aug 2013

 

Deloitte seeks more clarity from UK on taxes - report

 

12 Aug 2013

 

UK employers plan fastest pace of hiring since 2008

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

BP sues US environment agency over government contracts ban

 

gulf_1927321g.jpg

BP has launched legal action to try to overturn a ban on it gaining new US government contracts, claiming it faces a "substantial threat of irreparable harm".

24 Comments House price growth outpaces inflation

 

estateagency_2185373g.jpg

The pace of house prices rises across the UK is now oustripping inflation, while economist predict that headline house price growth could soon reach 7pc across the country.

218 Comments

 

UK inflation eases to 2.8pc in July

 

inflation_2568938g.jpg

Lower airfares and bigger High Street discounts helped cool price pressures in July, although economists warned there would be no relief for hard-pressed consumers with inflation likely to remain elevated “for some time”.

34 Comments

 

US sues to block AA-US Airways merger

 

american-airlines_2642810g.jpg

The US Department of Justice has moved to ground an $11bn merger between US Airways and American Airlines, tying the deal up in red tape and potentially putting American on the brink of bankruptcy.

Comment

Lloyds prepares Australian sale

 

lloydsbranch_2281062g.jpg

Lloyds Banking Group has received several bids for its Australian financing and commercial lending business, as the taxpayer-backed lender continues to sell off its international operations.

Comment

 

GSK wins US approval for big-ticket HIV drug

 

pills_2047897g.jpg

British drug maker GlaxoSmithKline has won US regulatory approval for an HIV drug which analysts expect to reap £582m in revenues by 2017.

1 Comment

Ackman resigns from JC Penney after battle

 

penney_2642814g.jpg

Billionaire hedge fund manager Bill Ackman has resigned from the board of American retailer JC Penney after losing a very public battle to oust its most senior managers.

Comment

E.On profits from UK energy supply jump 14pc

 

E.On saw profits from supplying energy to UK customers jump 14pc to £273m in the first six months of the year as households turned up their heating in the colder weather.

Comment

Car makers face possible China probe over price-fixing fears

 

 

 

 

Eurozone 'out of recession' as output bounces

 

 

 

 

 

The rest of the UK needs to copy London's capitalist culture

 

Did QE punish savers for nothing?

 

So you think Europe's debt crisis is finally over? Think again

 

Grub's up as fruit and veg push food inflation higher

 

apples_2643086g.jpg

Food prices are rising by more than double the rate of pay with the cost of fruit up by 10 per cent in the past year.

Investors euphoric as US margin debt reaches 'danger' levels

 

usflag_2642960g.jpg

Fund managers are around the world are gripped by euphoria, convinced that America is in full recovery and Europe has overcome its debt crisis.

10 Comments

Business news and markets: as it happened - August 13, 2013

 

shoes_1882928g.jpg

Dollar spikes as US consumer spending rises for fourth consecutive month.

43 Comments

The rest of the UK needs to copy London's capitalist culture

 

london_2642803g.jpg

Until recently, Britain’s recovery appeared to have been mostly confined to London and its commuter belt. No longer. Growth is beginning to spread to the rest of the country; we are seeing, at last, something almost akin to a One Nation recovery.

109 Comments

Core US retail sales rise a fastest pace in seven months

 

us-retail-sales_2642773g.jpg

Core US retail sales, a key gauge of consumer spending in the world's biggest economy which excludes volatile sales of cars, petrol and building supplies, rose at it fastest pace in seven months in July.

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

13 August 2013 Last updated at 19:41

 

 

UK inflation rate falls to 2.8%_69259067_69259052.jpg

 

The rate of consumer price index inflation fell to 2.8% in July, down from 2.9% in June, official figures show.

 

 

_69252645_for.sale.york.pa.jpgHouse price inflation rises further

 

The rate of house price inflation in the UK is continuing to rise, according to official statistics.

 

 

 

_69258748_pa4.jpgRail fares 'to increase by 4.1%'

 

Commuters in England face an average 4.1% rise in the cost of regulated rail fares, including season tickets, as inflation figures are announced. 1462

 

 

 

 

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

Recounting Ackman’s Other Investing Misses

 

By MICHAEL J. DE LA MERCED 2:16 PM ET

 

With his departure from J.C. Penney’s board, William A. Ackman has another big whiff on his hands. DealBook recounts other missteps in the hedge fund manager’s career.

dbpix-ackman-sfSpan.jpg

Brian Snyder/Reuters

 

William A. Ackman is the chief executive of Pershing Square Capital management.

 

 

 

Dealbook

 

Herbalife Safety Issue Draws Scrutiny

 

By WILLIAM ALDEN and ANDREW ROSS SORKIN 12:41 PM ET

 

Herbalife has been at the heart of a brawl between investors, including William A. Ackman. Now the company’s response to its handling of a product safety issue in 2011 is drawing scrutiny.

 

 

 

DealBook

 

Ackman Resigns From Penney’s Board

 

By MICHAEL J. DE LA MERCED 39 minutes ago

 

The activist investor William A. Ackman resigned from J.C. Penney’s board days after starting an unusually public rebellion against his fellow directors.

 

 

 

 

 

 

DealBook

 

dbpix-air-thumbStandard-v2.jpg

Justice Dept. Files Antitrust Suit to Block Airline Merger

 

By JAD MOUAWAD 16 minutes ago

 

The complaint said the proposed deal between American Airlines and US Airways, which would create the nation’s biggest airline, would threaten competition and drive up ticket costs.

 

 

 

DealBook

 

Major Overhaul of Company Audits Is Proposed

 

By PETER EAVIS 16 minutes ago

 

The proposal by the Public Company Accounting Oversight Board could provide investors with deeper insights into the health of corporations.

 

Blacked Out in 3 Cities, CBS Still Wins Ratings Race

 

By BILL CARTER 1:46 PM ET

 

Despite Time Warner’s blocking of CBS in New York, Los Angeles and Chicago, the network beat its rivals in total viewers and in important ratings categories.

 

Industrial Production Lifts European Economy

 

By DAVID JOLLY

 

Economists said a 0.7 percent increase in productivity indicates that the euro zone countries are rebounding from recession.

 

 

XXbulga-slide-T8KL-thumbStandard-v2.jpg

In Australia, Signs of a Tilt in Economic Equilibrium

 

By MATT SIEGEL 1:47 PM ET

 

An appeals court ruling could set a precedent that favors the environmental interests of local communities over the economic interests of mining companies.

 

 

 

 

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

Retail Sales: +0.2%

In the "meh" file we have this:

The U.S. Census Bureau announced today that advance estimates of U.S. retail and food services sales for July, adjusted for seasonal variation and holiday and trading-day differences, but not for price changes, were $424.5 billion, an increase of 0.2 percent (±0.5%)* from the previous month, and 5.4 percent (±0.7%) above July 2012. Total sales for the May through July 2013 period were up 5.2 percent (±0.5%) from the same period a year ago. The May to June 2013 percent change was revised from +0.4 percent (±0.5%)* to +0.6 percent (±0.2%).

0.2% isn't all that great, and of course this is "Seasonally Adjusted."

What's the raw data show?

 

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

In The "Duh" File

I hate when this sign has to come out....

toldyaso.gif

A newly unsealed lawsuit, which banks settled in 2012 for $95 million, actually offers a different reason, providing a key answer to one of the persistent riddles of the financial crisis and its aftermath.
The lawsuit states that banks resorted to fake documents because they could not legally establish true ownership of the loans when trying to foreclose.

This reality, which banks did not contest but instead settled out of court, means that tens of millions of mortgages in America still lack a legitimate chain of ownership, with implications far into the future.
And if Congress, supported by the Obama administration, goes back to the same housing finance system, with the same corrupt private entities who broke the nation’s private property system back in business packaging mortgages, then shame on all of us.

Got it?

Your house, if you purchased it or refinanced at any time in the last 10 years, probably has a fake document somewhere in the mortgage chain.

I've been writing about this since 2007. Continually.

 

There does appear to be lots of fraud involved in the financial system.

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

http://www.ibtimes.co.uk/articles/498011/20130809/argentina-government-free-viagra-sildenafil-erectile-dysfunction.htm

 

The Argentinean government has started giving out its own version of Viagra to men suffering from erectile dysfunction.

 

The country's Ministry of Health said 200,000 doses of its state-produced drug sildenafil will be given out free of charge throughout the province of Santa Fe, AFP reports.

 

Argentina took the decision to provide its erection-boosting drug to curb its misuse and to help those who suffer from other diseases it helps treat.

 

The drug is being produced by Lifse, the state-owned pharmaceutical company, and the government plans to make the drug available free of charge to the entire country eventually.

 

http://www.zerohedge.com/news/2013-08-12/cristina-fernandez-wants-you-have-erection

 

..

 

This is playing out in textbook fashion. The worse the economy gets, the more desperate the government becomes... and the more they try to control everything.

 

The only thing left, it seems, is the reproductive behavior of Argentine citizens.

 

And so, starting last week, the government began issuing hundreds of thousands of doses of the wildly popular drug.

 

This can’t possibly work out well. Given how soundly governments everywhere tend to botch things up, I shudder to think at the alien side effects that will result from this.

 

The whole thing reminds me of Stalin’s approach to economic management.

 

In Soviet Russia, Stalin was notorious for vanquishing large swaths of the population in an effort to ‘improve’ standard of living.

 

Standard of living is defined by economists as National Income divided by population. Stalin couldn’t increase national income... so his approach was to simply decrease the population.

 

Cristina is facing a related challenge in Argentina. National income is low. Productivity is low. So for Cristina, the only way she can move the economic needle higher is to grow the population.

 

It’s the ultimate reminder of how absurd government control can be when things get really desperate.

 

They reach a certain point where, after capital controls, gun controls, wage and price controls, etc., the only controls left to implement are people controls.

 

We can't get economic growth so we'll have erection growth instead!

 

Is there are huge erectile dysfunction situation in the Argentina?

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

14 August 2013 Last updated at 18:20

 

 

UK unemployment falls back slightly _69275382_69274195.jpg

 

UK unemployment falls by 4,000 in the three months to June to 2.51 million, according to the Office for National Statistics (ONS).

 

 

_69275640_69275122.jpgEurozone comes out of recession

 

The eurozone has emerged from recession after 18 months of economic contraction, figures indicate.

 

 

 

_69284461_69282474.jpg'London whale' traders charged in US

 

Authorities in the US have charged two JPMorgan Chase traders with fraud in connection to the $6.2bn "London whale" trading losses in 2012.

 

 

 

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

style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 3653 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Guest
This topic is now closed to further replies.
  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...