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The great interest rate rip off part 9


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At a Fed Conference, Views Differ Sharply on Stimulus’s Effect

 

By BINYAMIN APPELBAUM

 

At the annual meeting in Jackson Hole, Wyo., global policy makers expressed concern over the Federal Reserve’s stimulus campaign and the possible consequences when it ends.

 

 

DealBook

 

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After Mishaps, Nasdaq Loses Standing to Rivals

 

By NATHANIEL POPPER

 

The reputation of the market operator has suffered from recent technical problems and poor communication with other members of the industry.

 

 

DealBook

 

Two Market Operators, BATS and Direct Edge, Said to Be in Talks to Merge

 

By NATHANIEL POPPER and MICHAEL J. DE LA MERCED

 

BATS Global Markets and Direct Edge are in talks to merge, potentially creating one of the biggest stock market operators in the country, a person briefed on the matter told DealBook on Friday.

 

24osha-span-thumbStandard.jpg

New Rules Would Cut Silica Dust Exposure

 

By STEVEN GREENHOUSE

 

The proposal to limit crystalline silica, which causes the irreversible respiratory disease silicosis, would strengthen exposure limits adopted four decades ago.

 

DealBook

 

dbpix-law-obama-thumbStandard-v2.jpg

Obama Says Law School Should Be Two, Not Three, Years

 

By PETER LATTMAN

 

President Obama urged law schools to consider cutting a year of classroom instruction, wading into a hotly debated issue inside the beleaguered legal academy.

 

 

DealBook

 

Hedge Funds Win Ruling in Argentina Bond Case

 

By PETER EAVIS 1:45 PM ET

 

A group of hedge funds secured a victory in a federal appeals court in a case that could affect international bond markets, parts of the banking system and the nation of Argentina.

 

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In Paper War, Flood of Liens Is the Weapon

 

By ERICA GOODE

 

Members of the anti-government “sovereign citizen” movement are increasingly using fraudulent lien filings to retaliate against local officials by overwhelming them with paperwork.

 

 

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Central Bank Acts to Strengthen Brazilian Real

 

By LANDON THOMAS Jr.

 

The country joins other developing nations in trying to stop a slide in the value of its currency, which raises the burden of its dollar-denominated debt.

 

The Boss

 

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A College President, Drawn to Uncertainties

 

By SUSAN HENKING 55 minutes ago

 

The president of Shimer College says she has come to understand that she can’t pursue ideas alone, or strive to change the world unless she engages others.

 

 

Sunday Business

 

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The Audacious Pragmatist

 

By BINYAMIN APPELBAUM

 

Ben Bernanke was a shy, methodical academic. But he turned out to be one of the most daring leaders in the Fed’s history — even if his goals have not been fully realized.

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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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

'Sea of red' warning on troubled Co-op Bank's half-year results

 

25 August 2013 12:00 AM

Damaging writedowns loom as investors await details of controversial £1bn bond-swap plan

 

 

Coffee-shop hopefuls hit as Lavazza roll-out goes cold

 

25 August 2013 12:00 AM

Court orders winding-up of firm appointed to steer the venture

 

 

 

Fenwick off to Bracknell

 

25 August 2013 12:00 AM

One of the UK’s oldest department store chains is to open its first new outlet in more than a decade as part of a major redevelopment of a rundown town in Berkshire.

 

 

 

Admiral sails to eighth profit record

 

25 August 2013 12:00 AM

Admiral will this week post its eight-successive year of record profit, despite some of the toughest conditions in the British motor insurance market in recent years.

 

 

 

Rhino charges towards a sale

 

25 August 2013 12:00 AM

Rugby speciality retailer looking to target well-heeled sports fans in stake sale

 

 

 

Dover looks for fresh borrowing power to back historic port

 

25 August 2013 12:00 AM

The Port of Dover, which launched Richard the Lionheart on the Third Crusade but couldn’t secure privatisation last year, is in talks to secure new borrowing powers.

 

 

 

Bank of England Governor Mark Carney called for the defence

 

25 August 2013 12:00 AM

Bank of England Governor Mark Carney will be forced to defend his flagship policy of ‘forward guidance’ this week as markets bet on a faster fall in unemployment than the central bank predicts.

 

 

 

Boohoo seeks a fashionable flotation

 

25 August 2013 12:00 AM

Online clothing retailer Boohoo.com is looking at listing on the London Stock Exchange as it seeks to emulate the success of its much bigger rival Asos.

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

25 August 2013 Last updated at 17:22

 

 

Greece 'may need 10bn euros more'_69479012_776mumnw.jpg

 

Greece may need a third bailout worth about about 10bn euros (£8.6bn; $13.4bn) but would not accept new austerity measures, the Greek finance minister says.

 

 

Argentina loses $1.3bn debt appeal

 

Argentina is again told it must pay back more than $1.3bn (£857m) to a group of investors - 11 years after its record debt default.

 

 

 

_69452452_qsqnos30.jpgMicrosoft chief Ballmer to retire

 

Shares in Microsoft jump 9% after the software giant announces that chief executive Steve Ballmer will retire within the next 12 months.

 

 

 

 

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

The Audacious Pragmatist

 

By BINYAMIN APPELBAUM

 

 

Ben Bernanke was a shy, methodical academic. But he turned out to be one of the most daring leaders in the Fed’s history — even if his goals have not been fully realized.

 

 

 

 

25bernanke-sfSpan.jpg

Mary F. Calvert for The New York Times

 

Ben S. Bernanke outside his office. He says the Fed needs to consider a range of previously unthinkable actions, because the cost of inaction can be worse.

 

 

 

 

 

 

DealBook

 

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Platinum Card and Text Alert, via Pawnshop

 

By STEPHANIE CLIFFORD and JESSICA SILVER-GREENBERG

 

As banks zero in on more affluent customers and close branches in poor areas, pawnshops are stepping into the void to offer an array of services.

 

 

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Needed at Microsoft: A Catch-Up Artist

 

By STEVE LOHR

 

For Steve Ballmer’s eventual successor, the challenges are many. Some of the same factors that helped Microsoft in the PC market are working against it as it tries to catch Google and Apple.

 

 

Pogue’s Posts Blog

 

How Ballmer Missed the Tidal Shifts in Tech

 

By DAVID POGUE

 

From the point of view of a tech critic, Steven A. Ballmer’s 13-year reign as head of Microsoft is baffling.

 

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Film on J. D. Salinger Claims More Books Coming

 

By MICHAEL CIEPLY and JULIE BOSMAN

 

A documentary and book on the reclusive author say that he instructed his estate to publish at least five more books beginning as soon as 2015.

 

 

Chinese-American Commentator and Investor Is Arrested in Beijing

 

By DAVID BARBOZA 25 minutes ago

 

Charles Xue, who is known for his investing tips and thoughts on social issues, was held on charges of soliciting prostitution just as the government is cracking down on online activism.

 

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For a Chef, 41 Years in the Kitchen Takes Its Toll

 

By KAREN STABINER

 

Being a chef, like being an elite athlete, tends to be a young person’s game, with crazy hours and injury-inducing physical strain. For midlife chefs, the challenge is finding ways to adjust the pace.

 

 

The Boss

 

25-BOSS-thumbStandard.jpg

A College President, Drawn to Uncertainties

 

By SUSAN HENKING

 

The president of Shimer College says she has come to understand that she can’t pursue ideas alone, or strive to change the world unless she engages others.

 

DealBook

 

dbpix-onyx-thumbStandard.jpg

Amgen Said to Be Near Deal to Buy Onyx for $10.5 Billion

 

By MICHAEL J. DE LA MERCED and ANDREW POLLACK 10:37 AM ET

 

The biotech giant Amgen is near a deal to buy Onyx Pharmaceuticals, a maker of cancer-fighting drugs, for about $125 a share, people briefed on the matter said on Saturday.

 

Trump University Made False Claims, Lawsuit Says

 

By ALAN FEUER

 

The New York State attorney general’s office filed a civil suit accusing Donald J. Trump’s for-profit investment school of engaging in illegal business practices.

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

Lloyd’s in sanctions inquiry

 

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Lloyd's of London has launched a probe into potential breaches of international sanctions.

5 Comments Centrica could return more cash to investors

 

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Centrica is considering returning more cash to investors after this year’s £500m share buyback.

18 Comments

Austerity tips from Mrs Carney

 

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Bank of England Governor's wife writes blog containing eco-friendly back to school suggestions

12 Comments

 

Scottish Widow to return to TV screens

 

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After a four-year absence, the Scottish Widow, one of the most recognised characters in advertising, is due to return to the UK's television screens.

4 Comments

 

Bunzl's not so boring when it comes to deals

 

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Distribution giant has bought 72 firms in the past nine years and is always looking for more, writes Alistair Osborne.

Comment

Wigley and Leighton invest in clothing venture

 

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Two young millionaires are teaming up with a group of City veterans to invest in a fashion manufacturer supplying some of Britain’s best-known retailers.

Comment

Tobacco giants fear 'sleepwalking’ into curbs

 

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Tobacco companies face a major threat from legislation that will be put to the vote in Europe next month to ban the sale of cigarettes in smaller packs, as well as flavoured varieties such as menthol.

5 Comments

Sports Direct heads for FTSE 100

 

 

 

 

Dwell customers in uphill battle to recoup £5m

 

 

 

 

G4S set to address debt pile

 

 

 

 

 

Is Europe still in crisis?

 

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Jeremy Warner investigates whether a euro recovery is real or imagined.

213 Comments

How India’s growth ended in tears

 

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High price of humble onion is emblematic of nation’s failures to invest in its future

Comment Britain needs more apprenticeships that act as a real education

 

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Most countries in the world – such as the United States and France, on July 4th and 14th respectively - have national days for collective celebration. Britain does not, but instead has various moments in the calendar which mark recognised rites of passage.

Comment

Mrs Carney's austerity tips: buy pencils that last longer and share online orders

 

diana-carney_2410587g.jpg

Bank of England Governor's wife writes blog containing eco-friendly back to school suggestions

12 Comments

Signs of a slow recovery in the eurozone

 

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Huw Pill, Goldman Sachs' chief European economist says signs of growth are there in the eurozone but more must be done than just treating the symptoms of its underlying problems.

 

Feel good factor lifts consumer confidence to three-year high

 

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Britain's improving economy and the summer of sporting success have sent consumer confidence to its highest level for three years.

3 Comments

Carney set to bolster forward guidance drive

 

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Mark Carney is expected next week to try to force markets into line with the Bank of England’s guidance that interest rates will be on hold for three more years.

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

French workers, employers to pay more in pension reform

 

7:49pm BST

 

Exclusive - Nasdaq pricing system focus of SEC outage review -source

 

7:43pm BST

 

Asmussen confirms ECB's guidance on low rates

 

7:32pm BST

 

G4S to name Misys's Raja as new CFO - report

 

7:26pm BST

 

Italian banks sees first signs of improvement on bad loans

 

7:23pm BST

 

Analysis - Argentina plays for time in debt fight, seeks escape

 

7:06pm BST

 

Liquidated Irish bank seeks U.S. creditor protection

 

6:57pm BST

 

Exclusive - Former Air Force secretary to lead Pentagon efficiency review

 

6:41pm BST

 

Record French jobless claims threaten Hollande's goal

 

6:37pm BST

 

France pension reform to raise worker, employer contributions

 

6:13pm BST

 

BofA fails to end U.S. mortgage fraud lawsuit as trial nears

 

5:56pm BST

 

From Nokia chief to Bill Gates, guessing game begins on new Microsoft CEO

 

5:51pm BST

 

Exclusive - Nasdaq, NYSE at odds on outage cause as SEC seeks facts

 

5:36pm BST

 

South Africa strikes escalate with petrol stations dispute

 

Africa 5:34pm BST

 

Court lifts Mercedes sales ban in blow to France

 

5:31pm BST

 

EU says China guilty of giving illegal aid to solar industry

 

5:30pm BST

 

U.S. SEC to meet exchange heads September 12 over Nasdaq outage

 

5:28pm BST

 

Death of Zurich CFO likely a suicide - Swiss police

 

4:54pm BST

 

BlackBerry considering spinoff of messaging service - WSJ

 

4:51pm BST

 

G20 body says U.S. could improve financial risk spotting

 

G20 4:49pm BST

 

Mounting Middle East tensions fuel FTSE retreat

 

FXpert 4:47pm BST

 

German energy crisis favours the fleet

 

4:33pm BST

 

Tiffany's strong China sales offset tepid America's business

 

4:13pm BST

 

World's top banks on track to meet tougher capital rules

 

G20 4:05pm BST

 

Indian rupee hits record low as confidence in government falters | btn_rel_video.gif

 

3:29pm BST

 

JPMorgan's former 'London Whale' supervisor arrested in Spain

 

Spain 3:20pm BST

 

Judge speeds up hearing on Detroit's eligibility for bankruptcy

 

3:19pm BST

 

Iraq sweetens new oil project terms, blames Shell for delay

 

2:34pm BST

 

China investigates more top PetroChina executives over corruption

 

2:08pm BST

 

Tiffany's strong China sales offset tepid America's business

 

1:49pm BST

 

Syria worries push oil to six-month high; stocks tumble

 

FXpert 6:31pm BST

 

France's Total to buy Chevron's Egypt retail network

 

1:46pm BST

 

Landmark Chinese copper deal with Afghanistan at risk

 

1:41pm BST

 

Dutch agree more budget cuts for 2014 - minister to media

 

1:30pm BST

 

ECB rates to remain low for an extended period - Coeure

 

12:57pm BST

 

Planemakers eye replacement sales at Russian air show

 

Aerospace & Defence 12:43pm BST

 

China investigates more top PetroChina executives over corruption

 

12:17pm BST

 

Oman signs MoU to import Iranian gas

 

12:08pm BST

 

Spain's recession deeper than initially stated in 2012 - official data

 

12:06pm BST

 

Indian rupee hits record low as confidence in government ebbs | btn_rel_video.gif

 

11:39am BST

 

German business sentiment surges to highest in 16 months

 

11:24am BST

 

Mongolia to scrap controversial foreign investment law - official

 

11:15am BST

 

Lloyds agrees to sell A$371-million loan parcel to Bain's Sankaty, says spokesman

 

11:12am BST

 

Ahead of G20, China urges caution in Fed policy tapering

 

G20 10:37am BST

 

Honda's China venture recalls over 400,000 vehicles in China

 

Japan 10:35am BST

 

Bunzl eyes more deals as first-half profit beats forecasts

 

10:13am BST

 

Hyundai Motor's South Korean union to extend partial strike

 

10:03am BST

 

Fraser and Neave says to list property business, eyes REIT

 

9:56am BST

 

Instant View - German Ifo business morale rises in August

 

9:41am BST

 

Euro zone recovery may help German exports, says Ifo economist

 

9:41am BST

 

Hong Kong Exchange names former NYSE Liffe executive as LME CEO

 

Japan 9:38am BST

 

Petrofac sees opportunities in Mexico reforms

 

8:47am BST

 

Engineering bid target Kentz upbeat on outlook

 

8:38am BST

 

BBA Aviation confirms DAE tie-up talks, buys Maguire Aviation

 

8:20am BST

 

Ackman turns back on J.C. Penney, sells entire stake in retailer | btn_rel_video.gif

 

8:18am BST

 

Bunzl eyes more deals after first-half profit beat

 

7:57am BST

 

Obama administration sees mid-October default deadline

 

7:52am BST

 

UBI Banca second quarter net profit falls as loan losses mount

 

7:50am BST

 

Abu Dhabi appoints board for new financial free zone

 

7:48am BST

 

Foxtons files for IPO, plans to raise 55 million pounds in new share sale

 

7:44am BST

 

Bid target Kentz upbeat on oil services outlook

 

7:18am BST

 

Syngenta takes legal action against EU insecticide ban

 

7:03am BST

 

India approves raft of projects to kick-start investment

 

6:59am BST

 

China appliance makers flip the retail switch to survive

 

6:42am BST

 

Ahead of G20, China urges caution in Fed policy tapering

 

G20 5:49am BST

 

Exclusive - Nasdaq, NYSE at odds on outage cause as SEC seeks facts

 

5:12am BST

 

China August official PMI seen hitting three-month high

 

5:11am BST

 

Mexico aims to gradually cut Pemex tax burden, set royalty

 

4:57am BST

 

Britain should scrap high-speed rail 'grand folly' - business group

 

UK 3:21pm BST

 

Services firms enjoy best business growth since 2007 - CBI

 

UK 4:42am BST

 

Yen, Swiss franc jump as Syria conflict spurs safety bid

 

FXpert 7:30pm BST

 

Argentina offers bond swap to skirt U.S. court rulings

 

3:23am BST

 

Japan economics minister: No instructions from PM Abe to mull corporate tax cut

 

Japan 2:56am BST

 

Four-way Latin America bloc strikes deal to remove all trade tariffs

 

7:40am BST

 

UK high speed rail plan "not worth the money" - business group

 

UK, 12:15am BST

 

UK services firms enjoy best business growth since 2007 - CBI

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

Services sector strength ups pressure on Carney

 

27 August 2013 01:02 AM

Bank Governor set to defend ‘forward guidance’ policy in face of buoyant data

 

 

 

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Foxtons: The estate agent that gives estate agents a bad name

 

27 August 2013 08:02 PM

The firm is set to float on the stock market – cue joy for the staff who will be quids in, and despair for customers burnt by its controversial tactics

 

 

 

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HS2 is a 'giant folly' and should be scrapped, warns influential Institute of Directors

 

27 August 2013 01:03 AM

The influential Institute of Directors today became the latest voice to join growing calls for the Government to scrap the high-speed rail project HS2.

 

 

 

Telefonica ups German bid as Slim gets onside

 

27 August 2013 12:55 AM

Telefonica, the Spanish mobile giant that owns O2, yesterday raised its bid for Germany’s E-Plus and won the backing of Mexican billionaire Carlos Slim, who could have blocked the deal.

 

 

 

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US set to face new debt-ceiling crisis ‘when cash runs out in October’

 

27 August 2013 08:19 PM

Government will be in ‘an unacceptable position’, warns Treasury Secretary

 

 

 

US faces October deadline to raise debt limit or government 'will run out of money'

 

27 August 2013 03:14 PM

US Treasury Secretary warns in letter that administration is running out of accounting maneuovers to avoid hitting borrowing limit

 

 

 

JPMorgan ordered to pay $50m damages to Russian billionaire Leonard Blavatnik

 

27 August 2013 01:31 PM

Wall Street investment bank JPMorgan has been told to pay more than $50 million (£32 million) in damages to Russian billionaire Leonard Blavatnik.

 

 

 

German confidence up as powerhouse of EU economy continues to expand

 

27 August 2013 01:31 PM

German firms are feeling more confident than at any time in the past 16 months, according to the latest survey of the sector.

 

 

 

LME unveils new chief executive Garry Jones

 

27 August 2013 01:28 PM

The former boss of NYSE Liffe was today named as the new man in charge of the London Metal Exchange.

 

 

 

Foxtons set to double in size as it pushes to raise £55 million

 

27 August 2013 01:24 PM

London's most aggressive estate agent Foxtons today said it would double in size over the next five years as it announced plans to raise £55 million next month.

 

 

 

Jobs saved as maintenance firm Railcare sold to German company

 

27 August 2013 12:08 PM

Business went into administration earlier this month

 

 

 

Equality fighter NYSE pioneer ‘Mickie’ Siebert dies

 

27 August 2013 01:00 AM

Muriel Siebert, the first woman to buy a seat on the New York Stock Exchange, has died at the age of 80.

 

 

 

Deliveries hit their targets as Royal Mail strives to impress

 

27 August 2013 12:44 AM

There was good news for the Government today ahead of its planned £3bn privatisation of Royal Mail this autumn, as the postal operator’s latest service report reveals it hit its delivery targets.

 

 

 

Astra in $500m US buy to boost cancer pipeline

 

27 August 2013 12:43 AM

UK drugs giant AstraZeneca took a further step to bolster its pipeline of new cancer drugs yesterday by agreeing to acquire privately held US biotech company Amplimmune for up to $500m (£321m).

 

 

 

Tradesmen, not bankers, put in the longest hours

 

27 August 2013 12:56 AM

Britain’s army of tradesmen is working longer than famously office-tied bankers as holidays are sacrificed and weekends ignored in a bid to squeeze more jobs in.

 

 

 

Finance bosses puzzled by audit reform plans

 

26 August 2013 01:39 AM

The finance bosses of the country’s biggest firms have claimed that they “don’t understand” the Competition Commission’s hard-hitting proposals to reform the audit market, which is dominated by just four accountants.

 

 

 

Pay hike sees FTSE 100 finance heads average £1.7m

 

26 August 2013 01:38 AM

Finance chiefs of FTSE 100 companies enjoy an average pay packet of £1.7m a year, after those in this key role at UK-listed firms saw an inflation-busting 4.7 per cent average pay hike in the past year.

 

 

 

Ads reveal a boost for jobseekers in the North

 

26 August 2013 01:37 AM

Jobseekers in northern England could be finally be catching a break, according to a new survey.

 

 

 

Flotation windfall for bosses at Foxtons

 

26 August 2013 01:36 AM

IPO could see them share up to £100m as property market remains buoyant

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

27 August 2013 Last updated at 20:08

 

 

Businesses 'not convinced' by HS2_69495737_lymm_bridgewater_canal_hs2%282%29.jpg

 

A leading business lobby group calls on the government to abandon its controversial high-speed rail link, calling the project a "grand folly".

 

 

_69502136_69025027.jpgEx-JP Morgan trader held in Spain

 

Ex-JPMorgan employee Javier Martin-Artajo is arrested by Spanish police in connection with the so-called London Whale trading scandal.

 

 

 

_69505898_tanker.jpgOil prices rise amid Syria concerns

 

Oil prices rise to a six-month high and stock markets fall amid growing expectations of a military strike against Syria.

 

 

 

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

Stock markets fall as oil and gold prices rise on Syria attack fears

 

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Brent crude and gold rose as global markets fell after a suspected chemical weapons attack in Syria raised the prospect of more military action in the Middle East.

Comment

Saudis offer Russia secret oil deal over Syria

 

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Ambrose Evans-Pritchard: Saudi Arabia has secretly offered Russian a sweeping deal to control the global oil market and safeguard Russia’s gas contracts, if the Kremlin backs away from the Assad regime.

 

Ex 'London Whale' boss arrested in Spain

 

JP_2648212g.jpg

Javier Martin-Artajo, the former JPMorgan manager charged by US prosecutors with attempting to conceal losses and falsify records relating to the "London Whale" scandal, was arrested in Madrid on Tuesday morning.

Comment

Banking Commission will stay 'vigilant'

 

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The Government is to face increased scrutiny of its banking industry reforms - including the possible split of Royal Bank of Scotland - from members of the body appointed to recommend industry changes.

1 Comment

Silverstone set for second large investment

 

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Lloyds-owned LDC in advanced talks over spending “millions” on backing a management buyout of Silverstone.

Comment

Activist Loeb takes stake in Sotheby's

 

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Sotheby's is in the frame for a shake-up after Dan Loeb, the aggressive US hedge fund manager, revealed he has bought a 5.7pc stake.

5 Comments

UK investigator 'admits' wrongdoing in China

 

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British risk consultant Peter Humphrey has appeared on Chinese state television, apparently confessing to charges he illegally bought and sold private information.

2 Comments

Antofagasta: don't write off mining companies

 

Investors should not write off the whole mining sector, said the head of copper giant Antofagasta, even as he unveiled a fall in profits on the back of the downturn in commodity prices.

Comment

G4S to appoint Himanshu Raja as new finance chief

 

 

 

 

Ackman sells JC Penney stake for $504m

 

 

 

 

 

Portugal’s recovery isn't really a recovery at all

 

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Fears recent GDP data were an anomaly and country will sink back into recession by the end of year.

The Bank will lose control of inflation and 1980s mass unemployment will return

 

The world slump is still with us, we need more getting and spending

 

Mounting Middle East tensions fuel FTSE 100 retreat

 

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Financials and miners dragged Britain's FTSE 100 lower on Tuesday as tensions in Syria and prospects of stimulus withdrawal by the US Federal Reserve crimped risk appetite.

5 Comments Business news and markets: as it happened - August 27, 2013

 

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Brent crude has risen to a five month high and markets are subdued after a suspected chemical weapons attack in Syria raised the prospect of more military action in the Middle East.

 

The Bank of England will lose control of inflation and 1980s mass unemployment will return

 

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Since Bank of England governor Mark Carney issued his “forward guidance”, bond markets have reacted by bringing forward the date at which they implicitly expect interest rates to rise. Bank officials appear mystified by this reaction. But that just indicates how out of touch they are with how the Bank is perceived.

42 Comments

Week ahead in business and economics: August 27-30

 

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Carney has second chance to convince doubters about 'forward guidance'

3 Comments

Services strongest since 2007 boom days

 

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Britain's services firms have enjoyed the fastest rise in business volumes since the boom days of 2007 in the past three months and expect further growth later this year, a survey showed on Tuesday.

Comment

Some Italian 'big babies' not hungry for work

 

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A debate is raging in Italy over whether some Italians are simply workshy, reports Nick Squires.

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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Starbucks to sell home-grown coffee to the Colombians

 

26 Aug 2013

 

Mexico moving to grow trade ties with Asia

 

26 Aug 2013

 

JPMorgan liable to billionaire Blavatnik over mortgage losses

 

26 Aug 2013

 

Bonds rally on weak U.S. data; Wall St ends lower

 

FXpert 26 Aug 2013

 

Don't shun U.S. bonds, even in a dismal market

 

26 Aug 2013

 

Key JPMorgan lawyer leaves for smaller bank

 

26 Aug 2013

 

Onyx deal expected to give Amgen a big boost | btn_rel_video.gif

 

26 Aug 2013

 

Three charged with stealing source code, data from trading firm

 

26 Aug 2013

 

Exchange operators BATS and Direct Edge to merge

 

26 Aug 2013

 

Exclusive - United Tech, U.S. in $1 billion-plus deal for F-35 engines: sources

 

26 Aug 2013

 

Exclusive - T. Rowe bans some American Air employees from fund trading

 

Aerospace & Defence 26 Aug 2013

 

Sweden flags tougher rules for banks

 

26 Aug 2013

 

Telefonica wins Slim over with sweetened German deal

 

26 Aug 2013

 

Landmark Chinese copper deal with Afghanistan at risk

 

26 Aug 2013

 

America Movil executives to meet Dutch govt, KPN unions on August 28

 

26 Aug 2013

 

EU's Oettinger warns against Germany cutting renewable subsidies

 

26 Aug 2013

 

Fiat Industrial says Tobin to be CNH Industrial CEO after merger

 

26 Aug 2013

 

AstraZeneca to buy U.S. cancer firm for up to $500 million

 

26 Aug 2013

 

Analysis - Spending on cars, homes threatens apparel sales as holidays approach

 

26 Aug 2013

 

Insight - Trades from 1990s come back to haunt Wall Street

 

26 Aug 2013

 

Exclusive: T. Rowe bans some American Airlines employees from fund trading

 

Aerospace & Defence 26 Aug 2013

 

Deutsche Boerse says Eurex trading again after outage

 

26 Aug 2013

 

Sweden to further toughen rules for banks

 

26 Aug 2013

 

BoE's Bean - Guidance is clear signal on interest rates: report

 

UK, 26 Aug 2013

 

Germany's GSW sees some merit in Deutsche Wohnen tie-up

 

26 Aug 2013

 

Japan starts tax hike hearings, final decision seen before October 7

 

Japan 26 Aug 2013

 

Weidmann urges governments not to rely on ECB to solve crisis

 

26 Aug 2013

 

ING's Asia exit plan nears end as MBK agrees to buy South Korea unit

 

26 Aug 2013

 

Russia's Uralkali eyes potash distributors on key markets - paper

 

26 Aug 2013

 

Greece could return to debt market in late 2014 - Stournaras

 

26 Aug 2013

 

Analysis - New Microsoft CEO faces big choices post-Ballmer

 

26 Aug 2013

 

KPN says agreed improved terms over E-Plus sale

 

26 Aug 2013

 

Telefonica says America Movil to vote in favour of KPN's E-Plus deal

 

26 Aug 2013

 

KPN says agreed improved terms over E-Plus sale

 

26 Aug 2013

 

India rupee weakens; government seen keen to attract dollar flows

 

26 Aug 2013

 

ING's Asia sale plan nears end as MBK set to buy South Korea unit

 

26 Aug 2013

 

China to investigate vice president of oil firm CNPC

 

26 Aug 2013

 

Dollar stuck in a rut, EM currencies pressured

 

FXpert 12:15am BST

 

China economy showing clear signs of stabilisation - statistics bureau

 

26 Aug 2013

 

Goldman puts four on leave after fallout from trading glitch - report

 

26 Aug 2013

 

Final deal to lift trade tariffs in Latin American bloc very close - Mexico

 

26 Aug 2013

 

Amgen seeks to bolster drug pipeline with $10.4 billion Onyx buy

 

26 Aug 2013

 

Amgen seeks to bolster drug pipeline with $10.4 billion Onyx buy

 

26 Aug 2013

 

Dollar steady in Asia, near major support levels

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

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

BofA's Merrill to settle racial bias suit for $160 million

 

8:23pm BST

 

Highest-paid U.S. CEOs are often fired or fined - study

 

6:51pm BST

 

India central bank to sell dollars to oil companies to shore up rupee

 

6:46pm BST

 

America Movil plans to keep current KPN strategy - unions

 

6:41pm BST

 

Tortuous extradition process awaits Spaniard in JPMorgan 'Whale' case

 

Spain 6:30pm BST

 

BoE's Carney says rates pressure might trigger more stimulus

 

UK 6:28pm BST

 

UK banks allowed to cut their cash holdings

 

UK 6:26pm BST

 

Exclusive: 2016 Ford Edge will be sold in Europe, China - sources

 

6:19pm BST

 

New G4S boss starts turnaround with 348 million pounds share sale | btn_rel_video.gif

 

Tennis 6:15pm BST

 

Austria's Fekter takes hard line on more Greek aid

 

6:07pm BST

 

JPMorgan may settle U.S., UK 'Whale' probes for $600 million - source | btn_rel_video.gif

 

5:55pm BST

 

RLPC-Daimler launches loan refinancing

 

UK 5:39pm BST

 

Britain suspends 49 export licences to Egypt

 

UK 5:35pm BST

 

Bring on euro debate, Merkel aide tells rivals before TV duel

 

5:16pm BST

 

South African gold producers gear up for strikes from Sunday

 

Africa 4:50pm BST

 

IMF says Brazil recovering from slowdown, backs more reforms

 

IMF 4:47pm BST

 

FTSE drops, pressured by Syrian risks

 

FXpert, 4:45pm BST

 

Egyptian cabinet approves $3.2 billion economic stimulus plan

 

4:43pm BST

 

Paddy Power eyes bumper World Cup as profit guidance dents shares

 

4:28pm BST

 

Highlights - Bank of England Governor Carney speaks

 

UK 4:24pm BST

 

Lira, rupee at forefront as Syria tension pounds emerging assets

 

4:12pm BST

 

Fiat seen extending temporary layoffs at Mirafiori - sources

 

4:03pm BST

 

UK banks allowed to cut their cash holdings

 

2:27pm BST

 

Free trade, Arctic, Russia may top Obama's Nordic agenda

 

G20 1:42pm BST

 

Chinese shoppers set to become world leaders online

 

1:08pm BST

 

India rupee closes in on 69 per dollar in biggest day fall for 18 years

 

1:07pm BST

 

UK orders Ryanair to cut Aer Lingus stake | btn_rel_video.gif

 

UK 2:15pm BST

 

French hotel group Accor warns on 2013 profit

 

12:43pm BST

 

Nestle chairman says wants to keep all options open on L'Oreal

 

12:27pm BST

 

UK inflation expectations unaffected by BoE's rate guidance - Citi/YouGov

 

UK, 12:20pm BST

 

British retail sales smash forecasts in August - CBI

 

UK 11:10am BST

 

August retail sales balance highest since November 2012

 

UK 11:10am BST

 

Euro zone loan slump puts onus on ECB to keep rates low

 

10:59am BST

 

Deutsche Telekom cleared of overcharging Kabel Deutschland

 

10:41am BST

 

Swiss government ready to sign tax deal with United States

 

World 4:46pm BST

 

Swedish manufacturing, consumer sentiment data suggest economy picking up

 

10:19am BST

 

Syria worries drive oil up; dollar, gold in demand

 

FXpert, 8:45pm BST

 

Dollar gains broadly as Syria fears spur bid for safety

 

FXpert, 7:56pm BST

 

APR Energy sees no impact from emerging-market slowdown

 

9:41am BST

 

Grafton sees recovery sustained in UK, first signs in Ireland

 

9:37am BST

 

PwC pension fund eyes Frankfurt skyscraper stake - source

 

9:08am BST

 

BOJ's Iwata: Aim to achieve two percent inflation as soon as possible

 

Japan 8:33am BST

 

Indian rupee hurtles lower as foreign investors flee

 

8:20am BST

 

Sri Lanka rupee hits record low; central bank expects stability

 

8:20am BST

 

Analysis - After mega-LBO boom, a massive private equity cleanup

 

8:07am BST

 

Tiffany sees China sparkle as diamond demand grows

 

7:54am BST

 

Barclays Australia co-head of investment banking Janes departs

 

7:37am BST

 

Regulators to fine JPMorgan $80 million over consumer dealings - NYT

 

7:05am BST

 

German consumer morale eases from six-yearr high - GfK

 

7:03am BST

 

Insight - To cut natural gas costs, Chesapeake pumps up royalty deductions

 

6:30am BST

 

Thailand's hopes to escape recession dimmed by output fall

 

6:27am BST

 

Li's Hong Kong ParknShop drops KKR and TPG from auction - sources

 

6:22am BST

 

Brazil set to hike interest rates again to rebuild confidence

 

6:17am BST

 

Corporate breaks at risk in U.S. plans to cut tax rates

 

6:13am BST

 

White House not yet vetting Yellen for Fed chair - sources

 

5:57am BST

 

PetroChina, Kunlun shares slide as senior executives investigated

 

3:58am BST

 

The rupee is where? Currency collapse confounds India Inc

 

3:47am BST

 

Australia's Woolworths sees brighter 2014; wary of acquisitions

 

3:01am BST

 

Britain moves up to fourth in E&Y's renewable energy ranking

 

UK 12:22am BST

 

Bank governor Carney to bolster rates pledge in maiden speech

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

Mark Carney warns against 'choking off' recovery with interest rate rise

 

28 August 2013 02:38 PM

Bank of England Governor Mark Carney today warned against “choking off” the UK’s recovery by raising interest rates too quickly.

 

 

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Competition probe set to smash dominance of three major private hospital groups

 

28 August 2013 10:15 AM

Most private patients are paying more than they should, either for private medical insurance or for self-funded treatment, says commission inquiry chairman

 

 

 

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G4S unveils £600m fund-raising scheme to shore up balance sheet

 

28 August 2013 10:05 AM

Company still reeling from Olympics security failure and overcharging scandal for tagging offenders

 

 

 

Gold and oil prices surge, while world shares fall as Western intervention in Syria looms

 

28 August 2013 12:00 AM

Shares across the world fell yesterday as the prospect of military intervention in Syria sent jitters through the financial markets.

 

 

 

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Angela Merkel says Greece should never have been allowed to join the euro

 

28 August 2013 06:24 PM

German leader blames predecessor, Gerhard Schroder – and sparks anger in Athens

 

 

 

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Crude oil price climbs as Syria fears grow

 

28 August 2013 11:34 AM

Fears intervention could spill over into the rest of Middle East

 

 

 

Chime puts £1bn tag on World Cup

 

28 August 2013 02:31 PM

Next year’s football World Cup taking place in Brazil is going to be an even bigger sponsorship bonanza than expected, according to marketing group Chime Communications.

 

 

 

Ryanair boss Michael O’Leary furious as airline is told to cut Aer Lingus stake

 

28 August 2013 12:30 PM

Budget airline boss Michael O'Leary says company will appeal against the 'bizarre' ruling

 

 

 

Shares in RBS on the slide as Andrew Tyrie renews call for bank to be split

 

28 August 2013 12:00 AM

Shares in Royal Bank of Scotland fell 4 per cent yesterday after the chairman of the Parliamentary Commission on Banking Standards again called for the taxpayer-owned bank to be split up.

 

 

 

Watchdogs quiz Google on Waze buy

 

28 August 2013 12:00 AM

Google's $1bn (£643m) swoop for the Israeli mapping firm Waze yesterday threatened to fall foul of the UK's competition watchdog.

 

 

 

More coal power sends EDF into reverse on CO2

 

28 August 2013 12:00 AM

EDF Energy admitted last night that its power stations were pumping out more carbon dioxide than in previous years as it cranked up output from its coal-fired generators.

 

 

 

Bid target Kentz says it will win more global contracts

 

28 August 2013 12:00 AM

Kentz, the engineering support specialist, has promised its shareholders it will win more lucrative contracts worldwide in the oil and resources sector.

 

 

 

'London Whale' boss arrested but pledges to fight extradition to US

 

28 August 2013 12:00 AM

The supervisor of the JPMorgan trader nicknamed the London Whale was arrested in Spain yesterday in the latest development in the investigation into how the UK-based trading team at the US bank lost more than $6bn (£4bn).

 

 

 

A wipeout as Billabong dives deep into red

 

28 August 2013 12:00 AM

The value of the Billabong brand has been wiped out after the surfwear group posted an annual loss of nearly A$860m (£499m) after hefty writedowns.

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 August 2013 Last updated at 20:49

 

 

Carney: Recovery measured, not rapid_69523087_carney_rtr.jpg

 

A "renewed recovery is taking hold" in the UK economy, but its pace will be "more measured than rapid", says Bank of England governor Mark Carney.

 

 

_69513915_doctors_spl.jpgPrivate patients 'paying too much'

 

Most patients in UK private hospitals are paying more than they should for treatment because of a lack of local competition, an inquiry has found. 521

 

 

 

_69515714_005877970-1.jpgWorkless households at record low

 

The proportion of UK households where no adult aged 16 to 64 is in work is at its lowest since comparable records began in 1996, official figures show.

 

 

 

 

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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Nintendo to Offer Lower-Cost Game Device

 

By BRIAN X. CHEN 42 minutes ago

 

The Nintendo 2DS will cost $130, about $40 less than its 3DS sibling, as part of a strategy to prevent households from relying on tablets for video games.

DealBook

 

Merrill Lynch in Big Payout for Bias Case

 

By PATRICK MCGEEHAN

 

The brokerage firm has agreed to pay $160 million to settle a racial bias lawsuit that wound through the federal courts for eight years, including two appeals to the United States Supreme Court.

 

29asiaecon-thumbStandard.jpg

Markets Sag in Asia, With Investors Nervous Over Syria

 

By BETTINA WASSENER

 

The price of oil rose as the prospect of military action in Syria fanned concerns over the flow of supplies from the Middle East, complicating a longer-term sell-off in emerging markets.

 

 

DealBook

 

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Switzerland Close to Tax Deal With U.S.

 

By DAVID JOLLY and LYNNLEY BROWNING 1:15 PM ET

 

A final settlement would likely require banks to pay a fine to the United States equivalent to 20 percent to 50 percent of the value of their undeclared American accounts, a person briefed on the matter said.

 

New Census Numbers Show Recession’s Effect on Families

 

By SAM ROBERTS

 

The analysis found a decline in homeownership, more mothers entering the work force and an increasing dependence on food stamps, among other things.

 

DealBook

 

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Regulators Prepare Penalties for JPMorgan

 

By JESSICA SILVER-GREENBERG and BEN PROTESS 10:38 AM ET

 

Federal regulators are preparing separate enforcement actions and fines against JPMorgan Chase stemming from the way it collected overdue bills from consumers during the recession.

 

 

CASIO-thumbStandard.jpg

In Advent of the Smartwatch, a Name That’s Been There Before

 

By HIROKO TABUCHI

 

The digital watch market, long dominated by Casio’s G-Shock line, is undergoing a transformation with a wave of innovative, multifunction gadgets.

 

Judge Wants Narrow Focus in Apple Price-Fixing Penalty

 

By JULIE BOSMAN

 

Judge Denise Cote said she wanted the punishment “to rest as lightly as possible on the way Apple runs its business.”

 

 

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

Carney will pop any housing bubble and says market wrong on rates

 

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Mark Carney, Governor of the Bank of England, signalled he is ready to pop any looming housing bubble his first speech in the role and said traders' bets on rate rises were way off.

44 Comments

Boom in number of retail workers

 

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Employment in the retail industry is growing at the fastest pace in 11 years after the heatwave boosted Britain’s high streets.

2 Comments

BoE opens way to £90bn of new bank lending

 

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Banks deemed to be the safest will be allowed by the Bank of England to cut their holdings of liquid investments to support up to £90bn of new lending to the economy.

27 Comments

Tesco loses ground on rivals as sales fall

 

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Tesco, Britain’s biggest retailer, has suffered a setback in the battle to get its domestic business back on track after sales lagged behind its rivals in August.

Comment

Jammie Dodger maker Burton's up for sale

 

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Burton’s Biscuit Company, the maker of Jammie Dodgers, Wagon Wheels, and Maryland chocolate chip cookies, is officially up for sale with a price tag of around £350m.

15 Comments

Abolishing empty shop tax could create jobs

 

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Andrew Perloff, the chairman of property investment company Panther Securities, said the Government’s tax on empty properties is preventing thousands of Britons from starting their own businesses.

16 Comments

Rupee drops the most in 20 years to record low

 

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The Indian rupee fell to record lows against the dollar and pound on Wednesday, suffering its biggest one-day loss in nearly two decades.

3 Comments

888 boss plans further online poker expansion

 

 

 

 

World Cup ad bonanza to lift Lord Coe's Chime

 

 

 

 

Saudis offer Russia secret oil deal over Syria

 

 

 

 

 

Is the price too high to keep Greece in the euro?

 

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Greece is now in a far stronger position going into yet more bail-out discussions.

7 Comments

France facing worst grape harvest in 40 years

 

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One of its poorest wine grape harvests in four decades due to cold and rainy spring and hailstorms.

Emerging market rout is too big for the Fed to ignore

 

Mark Carney delivers first speech: as it happened

 

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Mark Carney uses his first speech as governor to convince sceptics of his pledge to keep interest rates at a record low for the next three years.

Carney's tries again to convince on forward guidance: reaction

 

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Mark Carney has used his first speech to reiterate his plegde to keep interest rates low for the next three years. Here analysts give their reaction.

3 Comments

BoE Governor Mark Carney is ready to pop any housing bubble and warns traders' bets on rate rises are way off

 

mark-carney_2655022g.jpg

Mark Carney, Governor of the Bank of England, signalled he is ready to pop any looming housing bubble as he gave his first speech in the role.

44 Comments

Burnley: the best place to do business in the UK

 

burnley_2654599g.jpg

The former mill town beats hi-tech Shoreditch for entrepreneurial vigour.

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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