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The great interest rate rip off part 10


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Engineering giants Rolls Royce and GKN hit by strong pound

 

rolls_2843823g.jpg

Britain's biggest industrial and engineering firms are likely to revealed as struggling in the face of a strong pound when they report first-half results this week

Debenhams poaches finance chief from Mothercare

 

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The high street department store lures former Mothercare chief financial officer Matt Smith in a bid to recover from major profit warnings

Comment

Orchid pubs chief to step down

 

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Rufus Hall walks away from the Orchid group he founded after a £266m deal saw it taken over by the owners of All Bar One

Comment

Volvox hires PwC to explore sale options

 

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Private equity group Elysium Capital brings in PwC to explore a sale of the car parts manufacturer which could fetch £40m

Comment

Pfizer and AstraZeneca to reveal cost of takeover battle

 

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Drug makers to report quarterly results this week, which will include the costs of fighting month-long takeover battle earlier this year

Comment

Eurotunnel to dock barred ferries in the UK

 

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The Channel Tunnel operator warns MyFerryLink vessels will be left empty after a competition authority ruling barred their planned routes

10 Comments

Middle East takaway giant tempts buyers

 

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The company with KFC and Pizza Hut franchise rights is believed to be being sought by major private equity firms, including KKR and Carlyle

Comment

Former RBS boss 'to make £7m' from Citizens

 

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Bruce Van Saun, former finance directors at the Royal Bank of Scotland, could cash in on the sale of its US operation, Citizens Bank

3 Comments

Destination Maternity drops Mothercare bid

 

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US rival withdraws its takeover proposal after shareholders in British baby goods retailer demand a higher price

6 Comments

UK economy finally returns to its pre-financial crisis level

 

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Second quarter GDP growth of 0.8pc means total economic output was 0.2pc points bigger than in the first quarter of 2008, its previous peak

168 Comments

How investors should react to a nervous bond market

 

What was Tony Blair's economic legacy?

 

GDP: let’s celebrate the good news, despite the major challenges ahead of us

 

 

 

The Brics have a $100bn bank. Can the West start taking them seriously now?

 

 

 

 

Balls: only Labour will deliver on economy

 

 

 

 

Virgin Money repays Treasury £150m it got in Northern Rock deal

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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For Coconut Waters, a Street Fight for Shelf Space

 

By DAVID SEGAL 11:42 AM ET

 

 

Why is coconut water everywhere? Because two companies battled for market share, one yoga studio and corner store at a time.

 

 

 

wit-coconut-water-custom1.jpg

playbutton_arrow.png

 

 

 

 

 

 

 

27-PRIVATE-JP1-thumbStandard.jpg

Private Equity’s Free Pass

 

By GRETCHEN MORGENSON 11:00 AM ET

 

On their way to big profits, private equity firms often act like investment banks, but aren’t subject to the same rules.

 

Solar2-thumbStandard-v2.jpg

Solar Industry Is Rebalanced by U.S. Pressure on China

 

By DIANE CARDWELL and KEITH BRADSHER

 

The Commerce Department on Friday found that Chinese companies had dumped their products on the American market at below cost, and imposed duties of 10.74 percent to 55.49 percent.

 

DealBook

 

dbpix-bskyb-thumbStandard.jpg

BSkyB to Buy Italian and German Units of Murdoch’s 21st Century Fox

 

By MICHAEL J. DE LA MERCED and MARK SCOTT

 

The sale of 21st Century Fox’s European assets could provide the company with extra financial firepower to make a potential renewed offer for Time Warner.

 

26rickshaw-web1-thumbStandard.jpg

Text and Ride in India

 

By MEGHA BAHREE

 

In a country with heavy traffic congestion and poor public transportation, companies are finding new ways to better connect drivers and passengers.

 

Sorted Food, a Cooking Channel, Is a YouTube Hit

 

By GEORGI KANTCHEV

 

Recipe exchanges in a British pub have expanded into one of the most popular cooking channels on YouTube.

 

Bits Blog

 

27bits-thumbStandard.png

When Digital Art Is Suitable for Framing

 

By JENNA WORTHAM

 

New screens offer a chance to showcase an image (and a growing community of artists).

 

The Workologist

 

27-WORKOLOGIST-thumbStandard.jpg

The Boss Who Asks Too Much

 

By ROB WALKER

 

A reader asks how to deal with a manager who wants staff members to drive him to meetings or to the airport, thus taking them away from their projects.

 

Vocations

 

27-VOCATION-thumbStandard.jpg

Steering His Own Schedule

 

By PERRY GARFINKEL

 

A driver for Uber, the ride-sharing service, likes his flexible hours. He’s also pursuing a career as a film producer.

 

Off the Shelf

 

27-SHELF-thumbStandard.jpg

If Marriage Moves Beyond Our Means

 

By FRED ANDREWS

 

In a new book, two professors of family law chronicle the economic factors that are eroding old definitions of the family.

 

 

 

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

Vince Cable goes off message on slow growth in wages

 

Mr Cable has warned that wage growth is sluggish and the economy remains stubbornly imbalanced

Councils want 'Tesco tax' on big supermarkets

 

 

 

 

Lloyds to reveal Libor penalty

 

 

 

 

Regulators take bite out of Vodafone’s growth

 

 

 

 

Vincent Tchenguiz accepts £3m to settle claim against the SFO

 

 

 

 

Deloitte administrators referred to accountant regulator over Comet collapse

 

 

 

 

Singer Chubby Checker and HP settle penis measuring app lawsuit

 

 

 

 

Deal extends BSkyB’s European reach and fills Murdoch war chest

 

 

 

 

Middle East tourists are the real big spenders

 

 

 

 

Louis Vuitton to open its first European airport boutique at Heathrow

 

 

 

Good news about RBS? Focus on the bumpy road ahead

 

Good news about RBS? It’s something of a shock. The sight of a Dodo ambling up Oxford Street would be less surprising.

 

 

They needed this diver to go in at the deep end in Portsmouth

 

 

 

 

Too much information? One day the state might be selling the family data

 

 

 

 

Jim Armitage: Agents of their own destruction – at last?

 

 

 

 

The Russians won’t skip the country just yet

 

 

 

 

Standard Chartered’s chief is now under fire from within and without

 

 

 

 

Vitol: Tough work but staff stay loyal due to huge bonuses

 

 

 

 

James Moore: Crocs makers bitten, but they will survive

 

 

 

 

James Moore: Fines for standing? Let’s applaud the LME

 

 

 

 

James Moore: RBS has a lot to learn if it’s to regain customers’ trust

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

27 July 2014 Last updated at 17:00

 

 

Profit warnings 'at three-year high'_76555629_75313295.jpg

 

Profit warnings from UK companies have hit a three-year high despite the continuing recovery in the wider economy, a report finds.

 

 

_76552428_74853016.jpgBanks named in silver-fix lawsuit

 

Deutsche Bank, HSBC and Bank of Nova Scotia are accused of attempting to rig the price of silver, in a lawsuit filed in the US.

 

 

 

_76533447_76532715.jpgEnglish councils propose 'Tesco tax'

 

A group of local councils in England is formally asking the government for new powers to tax large supermarkets, a plan dubbed the "Tesco tax". 1037

 

 

 

Other Top Stories

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Homebase owner eyes £1.5bn sale

 

0405walden_2901318g.jpg

DIY chain could be sold as part of a group review by new chief executive John Walden

2 Comments

 

'Tesco Tax' will cause price hikes, retailers warn

 

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£400m supermarket levy will do nothing to reform "onerous" rates, say business leaders

41 Comments

'Double whammy' hits FTSE results

 

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Currency effects and slower growth are expected to hurt BAE Systems, Diageo and Rolls-Royce

Comment

Malaysia Airlines in brand overhaul

 

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The beleaguered airline considers a name change in an attempt to repair its reputation after the downing of flight MH17 and the disappearance of MH370

 

 

Bankers in controversial RBS unit given bonus

 

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Bankers in Royal Bank of Scotland's restructuring division awarded £17m bonus, despite an ongoing investigation by the FCA

Comment

 

Half of Britain to be opened up to fracking

 

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The Government is expected to launch the "14th onshore licensing round", inviting companies to bid for fracking rights in previously untouched areas

296 Comments

Luton Airport owner set for Europe’s biggest float

 

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Aena Aeropuertos appoints five banks to oversee the listing after their pitch attracted senior deal-makers from across Europe

 

Engineering giants Rolls Royce and GKN hit by strong pound

 

rolls_2843823g.jpg

Britain's biggest industrial and engineering firms are likely to be revealed as struggling in the face of a strong pound when they report first-half results this week

 

Debenhams poaches finance chief from Mothercare

 

 

 

 

Orchid pubs chief to step down

 

How Blair tainted our economy

 

tony_2980204g.jpg

The economy was the biggest loser in the turf war between the former Prime Minister and his successor, then Chancellor Gordon Brown, says Liam Halligan

395 Comments GDP: let’s celebrate the good news, despite the major challenges ahead of us

 

 

 

 

The Brics have a $100bn bank. Can the West start taking them seriously now?

 

 

 

 

Balls: only Labour will deliver on economy

 

 

 

 

Virgin Money repays Treasury £150m it got in Northern Rock deal

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Race in Toyland: A Nonwhite Doll Crosses Over

 

By ELIZABETH A. HARRIS and TANZINA VEGA

 

 

The blockbuster success of merchandise based on the “Doc McStuffins” cartoon reflects changing demographics, but what also differentiates Doc is her crossover appeal.

 

 

 

 

DOLLS-sfSpan.jpg

Jacob Slaton for The New York Times

 

Natalie Elisabeth Battles, 3, of Arkansas, with her Doc McStuffins toys. She sometimes wears a doctor’s coat to preschool.

 

 

 

 

 

 

 

27FERRY2-thumbStandard-v3.jpg

In Ferry Deaths, a South Korean Tycoon’s Downfall

 

By CHOE SANG-HUN, MARTIN FACKLER, ALISON LEIGH COWAN and SCOTT SAYARE 12:02 PM ET

 

The sinking of the ferry Sewol killed 304 passengers and exposed a web of questionable business practices by Yoo Byung-eun, who was found dead in June.

 

 

27-COCONUTS-1-thumbStandard.jpg

For Coconut Waters, a Street Fight for Shelf Space

 

By DAVID SEGAL

 

Why is coconut water everywhere? Because two companies battled for market share, one yoga studio and corner store at a time.

 

 

27-PRIVATE-JP1-thumbStandard.jpg

Private Equity’s Free Pass

 

By GRETCHEN MORGENSON

 

On their way to big profits, private equity firms often act like investment banks, but aren’t subject to the same rules.

 

Bits Blog

 

27bits-thumbStandard.png

When Digital Art Is Suitable for Framing

 

By JENNA WORTHAM

 

New screens offer a chance to showcase an image (and a growing community of artists).

 

The Workologist

 

27-WORKOLOGIST-thumbStandard.jpg

The Boss Who Asks Too Much

 

By ROB WALKER

 

A reader asks how to deal with a manager who wants staff members to drive him to meetings or to the airport, thus taking them away from their projects.

 

Vocations

 

27-VOCATION-thumbStandard.jpg

Steering His Own Schedule

 

By PERRY GARFINKEL

 

A driver for Uber, the ride-sharing service, likes his flexible hours. He’s also pursuing a career as a film producer.

 

Off the Shelf

 

27-SHELF-thumbStandard.jpg

If Marriage Moves Beyond Our Means

 

By FRED ANDREWS

 

In a new book, two professors of family law chronicle the economic factors that are eroding old definitions of the family

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

Lloyds to pay £218 million in fines over Libor rigging

 

Latest lender to be punished over the rigging of interest rate benchmarks

 

Ryanair raises full-year guidance after profits surge

 

 

 

 

Malaysia Airlines may seek fresh start with new name after being hit by twin disasters of MH17 and MH370

 

 

 

 

BSkyb ups stake in Silicon Valley start-up Jaunt

 

 

 

 

Broken up? GlaxoSmithKline's real problem is getting eaten up by scandal

 

 

 

 

Aberdeen Asset Management under pressure after single client withdraws £4bn

 

 

 

 

Trinity Mirror to pay first dividend in six years

 

 

 

 

Reckitt Benckiser to spin-off heroin treatment drug in £3bn deal

 

 

 

 

Hague court orders Russia to pay £30bn in damages to Yukos shareholders

 

 

 

 

Banks to report bumper profits as bad loans fall

 

 

 

Broken up? Glaxo's real problem is getting eaten up by scandal

 

 

We’ll just have to wait and see if Sir Andrew’s apparent wit goes hand in hand with the wisdom to cure GSK’s problems, says James Moore

 

Good news about RBS? Focus on the bumpy road ahead

 

Good news about RBS? It’s something of a shock. The sight of a Dodo ambling up Oxford Street would be less surprising.

 

 

They needed this diver to go in at the deep end in Portsmouth

 

 

 

 

Too much information? One day the state might be selling the family data

 

 

 

 

Jim Armitage: Agents of their own destruction – at last?

 

 

 

 

The Russians won’t skip the country just yet

 

 

 

 

Standard Chartered’s chief is now under fire from within and without

 

 

 

 

Vitol: Tough work but staff stay loyal due to huge bonuses

 

 

 

 

James Moore: Crocs makers bitten, but they will survive

 

 

 

 

James Moore: Fines for standing? Let’s applaud the LME

 

 

 

 

James Moore: RBS has a lot to learn if it’s to regain customers’ trust

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

Court orders Russia to pay $50 billion for seizing Yukos assets

 

8:02pm BST

 

Russia to challenge Hague Court's Yukos ruling - Finance Ministry

 

8:02pm BST

 

European court should note $50 billion Yukos ruling in assessing separate claim - former Yukos CFO

 

8:01pm BST

 

Shares steady, dollar edges lower ahead of key U.S. events

 

FXpert 7:56pm BST

 

Ontario Teachers says plans to increase stake in UK's Bristol Airport

 

Australia 7:25pm BST

 

Exclusive - CVC in lead to buy Epicor for more than $3 billion: sources

 

7:05pm BST

 

Exclusive - GM moves next version of big pickups ahead by nine months: sources

 

6:57pm BST

 

Lloyds not off hook yet after $370 million Libor fines

 

UK 6:47pm BST

 

Athens wants ECB stress tests to factor in banks' restructuring plans-source

 

6:25pm BST

 

Airbus declines comment on report that Skymark to drop A380

 

Japan, Aerospace & Defence 6:17pm BST

 

Ireland says IMF backs its plans to refinance loans

 

IMF 5:47pm BST

 

Fall in financial stocks weighs on Britain's FTSE

 

FXpert 5:30pm BST

 

Commerzbank to cut more jobs in tougher revamp plan - sources

 

5:06pm BST

 

Tesco says Alan Stewart to start CFO job December 1

 

4:23pm BST

 

Court appeal to move LME closer to cutting warehouse backlogs

 

4:04pm BST

 

Fall in financial stocks hits Britain's FTSE

 

3:57pm BST

 

London FX volumes inch up in six months to April -survey

 

3:47pm BST

 

IMF says UK interest rates should stay low for now

 

UK, IMF 3:41pm BST

 

Britain sets out shale rules with new oil, gas licensing round

 

UK 3:36pm BST

 

Global business travel spending to reach record in 2014 -forecast

 

3:32pm BST

 

Ryanair lifts profit forecast as quality drive pays off

 

Aerospace & Defence 3:29pm BST

 

Ryanair not particularly interested in Cyprus Airways, says O'Leary

 

Aerospace & Defence 3:29pm BST

 

Carney says Lloyds actions may be criminal conduct

 

UK, 3:00pm BST

 

Lower reinsurance rates, forex loss hit Hiscox H1 earnings

 

11:59am BST

 

Nevzlin "very pleased" with Hague court ruling on Yukos

 

11:35am BST

 

Khodorkovsky says satisfied with $50 billion Yukos ruling

 

11:35am BST

 

Irish retail sales fall in June, still up year-on-year

 

11:27am BST

 

Irish central bank raises 2014 economic growth forecast to 2.5 pct

 

11:22am BST

 

Nevzlin 'very pleased' with Hague court ruling on Yukos

 

11:16am BST

 

Aberdeen assets dip as client withdraws 4 billion pounds

 

10:36am BST

 

Commerzbank widens savings programme - Handelsblatt

 

10:22am BST

 

Commerzbank deepens job cuts in toughened savings plan - sources

 

10:22am BST

 

Russia will have until Jan to start paying $50 billion in Yukos ruling - lawyer

 

10:01am BST

 

Court orders Russia to pay over $50 billion in damages to Yukos shareholders

 

9:59am BST

 

Nissan first quarter profit boosted by higher U.S., China sales

 

9:50am BST

 

Nissan expects Takata to pay all costs related to air bag recall - exec

 

9:50am BST

 

Russia's Rosneft expects no claims in Yukos ruling

 

9:48am BST

 

Reckitt Benckiser to spin off heroin treatment business

 

9:42am BST

 

Yukos shareholders $50 billion win is largest arbitration award ever - GML director

 

9:31am BST

 

Reckitt helps keep Britain's FTSE afloat after solid update

 

FXpert 9:24am BST

 

Trinity Mirror sees full-year results ahead of forecasts

 

8:59am BST

 

Pfizer's need for deal looms larger with earnings report

 

8:50am BST

 

Russia's Lavrov does not rule out appealing Yukos court decision

 

8:40am BST

 

Set-top box maker Pace raises full-year profit guidance

 

8:35am BST

 

OSI Group probe finds standards at supplier unit below par

 

8:31am BST

 

Reckitt Benckiser has not decided whether to keep pharma stake

 

8:30am BST

 

ECHR expected to announce decision on Yukos claim on Thursday - Yukos

 

8:17am BST

 

Aberdeen AM June quarter assets marred by client withdrawals

 

7:53am BST

 

U.S. food group CEO to brief media as McDonald's feels pinch in China food scandal

 

6:53am BST

 

China condemns U.S. anti-dumping duties on solar imports

 

5:54am BST

 

Danone in talks to sell medical nutrition unit to Hospira - FT

 

4:15am BST

 

Sankaty to buy JPMorgan debt portfolio for $1 billion - FT

 

4:11am BST

 

Australia's NAB sells $1 billion UK property loan portfolio

 

UK, Australia 3:02am BST

 

Ireland to give green light for hedge funds to lend

 

12:08am BST

 

Britons warier about house-buying - Halifax

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

28 July 2014 Last updated at 19:02

 

 

Lloyds fined £218m over Libor _76576335_68234418.jpg

 

Lloyds Banking Group is fined £218m for "serious misconduct" relating to key interest rates including Libor.

 

 

_76556463_76556457.jpgBeauty spots still at fracking 'risk'

 

Government guidance that fracking licences can only be issued for beauty spots in "exceptional circumstances" receives a mixed response from campaigners. 1794

 

 

 

_76567812_198fa4e4-cd03-4ed6-b74b-e220e1bcd5eb.jpgRussia to appeal $50bn Yukos payout

 

Russia will appeal a court decision ordering it to pay the biggest compensation package to date, amounting to $50bn (£29.5bn) in damages.

 

 

 

Other Top Stories

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Lloyds Bank to Pay Nearly $370 Million to Resolve Libor Investigations

 

By CHAD BRAY 12:09 PM ET

 

The British lender is the latest big bank to reach a deal to settle accusations that its employees conspired to manipulate benchmark interest rates.

 

SALTLAKE-sfSpan.jpg

Jim McAuley for The New York Times

 

 

Rallying for The Salt Lake Tribune as a City Changes

 

By TIMOTHY PRATT

 

Activists are seeking to block changes to an operating agreement between The Salt Lake Tribune and the Mormon Church-owned Deseret News.

 

 

 

 

DealBook

 

dbpix-discount4-thumbStandard.jpg

Dollar Tree to Buy Family Dollar for $8.5 Billion

 

By MICHAEL J. DE LA MERCED 2:30 PM ET

 

The deal comes amid pressure on Family Dollar by the activist investor Carl C. Icahn, who urged the company last month to explore a sale of itself.

 

 

yukos-ruling-reax-thumbStandard.jpg

Yukos Shareholders Awarded About $50 Billion in Court Ruling

 

By STANLEY REED

 

Russia jailed the founder of the defunct oil company in 2003 and sold its main asset, and its owners have since sought compensation in courts outside the country.

 

 

Microsoft Offices in China Are Targets of Authorities’ Visits

 

By ANDREW JACOBS and CHRIS BUCKLEY 1:16 PM ET

 

An agency that enforces antimonopoly laws visited company offices in four cities, as the country more closely scrutinizes multinational companies.

 

DealBook

 

dbpix-trulia-thumbStandard.jpg

Zillow to Acquire Trulia for $3.5 Billion

 

By MICHAEL J. DE LA MERCED 12:24 PM ET

 

The deal will create a giant repository of online listings for real estate and home values.

 

COMICS-thumbStandard-v3.jpg

Large Crowds Spend Little at Comic-Con

 

By MICHAEL CIEPLY and BROOKS BARNES

 

Though Comic-Con International is far and away San Diego’s largest annual convention, the mobs of pop culture enthusiasts who attend it are not big spenders.

 

FASTFOOD-thumbStandard.jpg

Fast-Food Workers Intensify Fight for $15 an Hour

 

By STEVEN GREENHOUSE

 

About 1,200 workers from around the country gathered in Illinois at an event largely underwritten by the Service Employees International Union, but the U.S. Chamber of Commerce is dubious of the union’s intentions.

 

28reddit-exchange1-thumbStandard.png

Can Reddit Grow Up?

 

By MIKE ISAAC

 

Efforts by the freewheeling online community to monetize without driving away its 114 million monthly users will require appealing to advertisers without sacrificing values like personal data privacy.

 

 

 

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

Pound is overvalued, warns IMF

 

pound_2971489g.jpg

Fund welcomes strong rebound in UK economy but raises concerns about sterling

39 Comments Carney: Lloyds may face further action for 'reprehensible' rate rigging

 

lloyds_2912519g.jpg

Lloyds agrees to pay £218m to British and American regulators manipulating the amount it owed taxpayers for financial life support during the crisis

28 Comments

Russia 'to pay $50bn' to Yukos shareholders

 

masha-khodor_2147865g.jpg

The jailing of Russia's richest man in 2005 was stark illustration of Vladimir Putin's increasingly authoritarian regime

64 Comments

Pepe Jeans: from UK market stall to £500m sale?

 

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Denim brand calls in bankers to explore a sale of the business

Comment

Homebuyer confidence falls sharply

 

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Fewer people than ever believe the next year is a good time to buy, with Londoners feeling the most gloomy

160 Comments

'Tesco Tax' will cause price hikes, retailers warn

 

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£400m supermarket levy will do nothing to reform "onerous" rates, say business leaders

239 Comments

Ryanair hints at flights to Middle East and Russia

 

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Chief executive Michael O'Leary signals possible routes beyond Europe as the low-cost airline reports a dramatic surge in first quarter profits

2 Comments

 

Trinity Mirror takes £4m hit from phone hacking

 

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Daily Mirror publisher sets aside cash to pay claims against its newspapers as it pays first dividend to shareholders since 2008 and revenue slide slows

3 Comments

Reckitt Benckiser plans demerger for pharmaceuticals unit

 

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Consumer health and hygiene company to demerge pharmaceuticals division but could still sell it

Comment

 

Virgin America files for US IPO

 

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Airline partly owned by Sir Richard Branson files for a US stock exchange listing

BP's Faustian Pact with Russia goes horribly wrong with Yukos verdict

 

It's governments, not markets, that are short-termist

 

The US and UK are showing the rest of the world how to be boring (in a good way)

 

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Anglo-Saxon economies were at the vanguard of the crisis. That gave them a head start in dealing with its aftermath

20 Comments House prices edge down to almost £10,000 below pre-crisis peak

 

 

 

 

The recovery might not deliver David Cameron a majority in 2015. Here's why

 

 

 

 

What goes on inside the IMF?

 

 

 

 

Week ahead in business and economics: July 28-Aug 1

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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Cavuto's Insanity (Home Sales)

I chuckled when I read this over the weekend...

You can now nab a 30-year fixed mortgage for under 4%. That’s the second week in a row, by the way, that rates have been so low. As of this writing, the numbers tick slightly, but the range remains remarkably low – 3.96% to 4.08%. In either extreme, extremely weird, and stunning when you consider we are supposedly in the latter stage of a recovery.

Usually at this point in an economic turnaround, things are rocking, and interest rates are jumping. But we all know the economy isn’t rocking. And as a result, interest rates are not jumping. What’s weird is those rates are dropping, which usually presages something bad happening.

Then again, this hasn’t been your father’s recovery, has it? Even with absurdly-low interest rates for what’s been years now, it’s hard to make the case they’ve triggered any kind of housing boom. Sales of new single-family homes fell 4.9% through the first six months of the year. They were down 8.1% in June. So let’s just say the trend is not the housing industry’s friend.

Neil goes on to moan about people being "tentative" or even "skeptical" about buying a house, but offers no answers for the reason we're seeing what is happening.

That's because he is either deluded or intentionally refusing to talk about the facts -- although he does dance awfully close to the truth with his last sentence:

None of this means housing still isn’t a compelling investment, but when real estate trendsetter Zillow estimates some home values may take another few years to reach their pre-meltdown peak…it’s enough to make you…puke.

Really Neil?

How did we get those so-called values that render getting "back there" in a "few years" something that's puke-worthy?

It was all fraud -- and in fact had been for the last 30 years in one form or another.

That's the dirty secret.

How does housing go up in "value" without median family income also rising? It cannot, except through two mechanisms -- ever-falling rates and fraud.

 

Housing has become one massive global liability and it's the plan to get the economy moving again. This is interesting when wages are stagnating and inflation is increasing.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Breaking news

 

 


 

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Donald Sterling loses court battle to block sale of LA clippers

 

Judge hands Shelly Sterling court victory after ruling she had the authority to sell the team for a record $2bn

 

Electra rejects Ed Bramson's restructuring plan

 

 

 

 

UBS and Deutsche Bank embroiled in 'dark pool' probe

 

 

 

 

BP reports jump in second quarter profit but warns of further Russian sanctions

 

 

 

 

Next beats Marks & Spencer again as it raises profit forecast

 

 

 

 

London's iconic Gherkin tower up for sale for £640 million

 

 

 

 

‘Make bankers swear oath to do good like doctors’

 

 

 

 

Under-fire Centrica turns to BP man Ian Conn for top job

 

 

 

 

IMF cautions that pound is overvalued

 

 

 

 

Trader takes punt on taxis in Argentina

 

 

 

How Lloyds bit the hand that fed it

 

Outlook: Even so, its £105m fine amounts to little more than a rounding error to Lloyds

 

 

Good news about RBS? Focus on the bumpy road ahead

 

 

 

 

They needed this diver to go in at the deep end in Portsmouth

 

 

 

 

Too much information? One day the state might be selling the family data

 

 

 

 

Jim Armitage: Agents of their own destruction – at last?

 

 

 

 

The Russians won’t skip the country just yet

 

 

 

 

Standard Chartered’s chief is now under fire from within and without

 

 

 

 

Vitol: Tough work but staff stay loyal due to huge bonuses

 

 

 

 

James Moore: Crocs makers bitten, but they will survive

 

 

 

 

James Moore: Fines for standing? Let’s applaud the LME

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

Argentina holds last-minute debt talks with mediator

 

8:30pm BST

 

Argentine debt negotiators break from talks, to resume later - Telam

 

8:29pm BST

 

French regulator rejects applications for free TV channels

 

8:19pm BST

 

Finmeccanica settles with Italy prosecutors to end Indian chopper deal probe

 

8:02pm BST

 

Shares just below all-time highs, dollar moves higher

 

FXpert 7:48pm BST

 

Ross to take 'significant' part of Bank of Cyprus's 1 billion-euro share sale

 

7:45pm BST

 

France to earmark 10 billion euros of funding to promote renewable energy use

 

7:20pm BST

 

Nevzlin not likely to back down in Yukos fight with Russia

 

7:14pm BST

 

LME, Rusal spar at appeal hearing over warehouse reform

 

6:40pm BST

 

Pfizer leaves investors guessing on intentions for Astra | btn_rel_video.gif

 

6:35pm BST

 

"Sick man" France offers healthier outlook for staffing firms

 

6:20pm BST

 

"Sick man" France offers healthier outlook for staffing firms

 

6:16pm BST

 

Always misplacing keys, wallet? Lost and found apps may help

 

6:06pm BST

 

No need for Israel to cut rates again - central bank deputy governor

 

Middle East 5:31pm BST

 

Daimler reaches labour deal on overhauling German sales network

 

5:17pm BST

 

IMF warns of potential risks to global growth

 

IMF 5:16pm BST

 

BP profit jumps but warns of Russia sanctions impact

 

Gulf Oil Spill 5:01pm BST

 

FTSE lifted by gains at Next and GKN

 

FXpert 4:54pm BST

 

Centrica names BP refining boss Conn as CEO

 

4:35pm BST

 

Corporate price cutting highlights European deflation threat

 

4:22pm BST

 

BoE to increase oversight of bankers and their bonuses

 

4:14pm BST

 

Federated's Bakhshian looks for stocks with pricing power

 

4:09pm BST

 

Sterling hits six-week low against rallying dollar

 

4:06pm BST

 

Airbus terminates sale of six A380 superjumbos to Japan's Skymark

 

Japan, Aerospace & Defence 3:53pm BST

 

Despite strains, GlaxoSmithKline dividend seen safe for now

 

3:35pm BST

 

UK's DMO says 2058 linker syndication drew record demand

 

3:28pm BST

 

Citi reshuffles EMEA telecoms, media and technology team

 

Africa 2:50pm BST

 

Millhouse Capital ready to raise Hypo Balkans offer

 

2:40pm BST

 

Soap maker Cussons boosts profit, eyes Africa growth

 

Africa 2:37pm BST

 

ECB balance sheet shrinks in week to July 25

 

2:33pm BST

 

Barking Power Station in east London to close within two years

 

2:23pm BST

 

Rural votes, old traumas drive India's WTO brinkmanship

 

2:17pm BST

 

U.S. regulators looking into UBS, Deutsche Bank speed trading operations | btn_rel_video.gif

 

2:02pm BST

 

Yukos shareholders say would talk to Russia over $50 billion compensation

 

1:57pm BST

 

Factbox - India's food stockpiling and WTO stand-off

 

1:50pm BST

 

Merck beats forecasts, newer drugs offset impact of generics

 

1:45pm BST

 

City of London's Gherkin tower put up for sale

 

UK 1:37pm BST

 

Petra Diamonds' No. 2 shareholder dumps 70 pct stake in miner

 

1:37pm BST

 

BP's Whiting refinery heavy crude processing reaches 270,000 bpd

 

1:20pm BST

 

U.S. regulators looking into UBS, Deutsche Bank speed trading operations

 

1:18pm BST

 

Deutsche Bank pretax profit rises as markets focus pays off

 

12:56pm BST

 

Puma gets boost from World Cup, Arsenal deal

 

Sport 12:26pm BST

 

Tullett Prebon cuts 210 jobs as revenue falls 15 percent

 

12:16pm BST

 

Rolls-Royce sees 0.5 percent hit to order book from Skymark termination

 

Aerospace & Defence 12:16pm BST

 

UK mortgage approvals turn around, jump 8 percent in June

 

UK 12:07pm BST

 

UK Equity Income funds see record sales in June - trade body

 

12:03pm BST

 

Power producer Drax H1 earning hit by UK carbon tax

 

11:36am BST

 

Morrisons names Higginson as chairman elect

 

11:05am BST

 

Former Morrisons boss welcomes Higginson appointment as chairman

 

11:05am BST

 

Airbus terminates sale of six A380 superjumbos to Japan's Skymark

 

Japan, Aerospace & Defence 10:51am BST

 

Rolls-Royce sees 0.5 percent hit to order book from Skymark termination

 

Aerospace & Defence 10:51am BST

 

Next raises profit forecast and shows up M&S

 

10:50am BST

 

Klepierre to buy Corio, creating $13 billion property group

 

10:49am BST

 

Tesco's pain continues as sales slide - Kantar Worldpanel

 

10:27am BST

 

Deutsche Bank's Postbank takeover hit by new regulatory delay

 

10:23am BST

 

Deutsche Bank expects challenges for investment banking to persist

 

10:04am BST

 

Deutsche Bank hires 500 staff to address U.S. reporting problems

 

10:04am BST

 

Renault profit gain fails to avert cash disappointment

 

10:00am BST

 

GKN confident as auto unit growth offsets currency hit

 

Aerospace & Defence 9:56am BST

 

McDonald's Japan withdraws profit guidance after China food scare

 

Japan 9:24am BST

 

St. James's Place posts record funds under management

 

9:08am BST

 

Investor files U.S. lawsuit over Barclays 'dark pool'

 

8:59am BST

 

UBS says books 254 million Swiss franc against second quarter to settle one German tax probe

 

8:50am BST

 

UK current account no existential threat - BoE's Broadbent

 

UK 8:20am BST

 

Insurance broker JLT says profit rises, cautious on second half

 

8:19am BST

 

Promotion push helps boost Domino's Pizza first-half profit

 

7:46am BST

 

Shanghai court says trial of GSK-linked investigators set for August 8

 

7:32am BST

 

Japan labour demand strengthens, good omen for economic recovery

 

Japan 7:01am BST

 

BOJ's Ishida upbeat on export outlook, warns of structural issues

 

Japan 7:01am BST

 

BOJ's price goal not a rigid one pegged to core CPI - Ishida

 

Japan 6:59am BST

 

UBS says cooperating with U.S. inquiries about dark pools

 

6:50am BST

 

Michelin keeps 2014 targets as first-half profits rise

 

6:26am BST

 

Analysis - Argentine debt defiance may strengthen holdouts' legal position

 

6:14am BST

 

Exclusive - Goldman unit eyes foray into China amid metals financing scandal

 

6:04am BST

 

Exclusive: Flash sale site Rue La La explores sale; Gilt interested: sources

 

4:39am BST

 

Skymark - In talks with Airbus about changing order for A380s

 

Japan, Aerospace & Defence 3:33am BST

 

China brands beat global rivals with tea toothpaste & pickled plums

 

3:07am BST

 

Morrisons to name ex-Tesco finance director as new chairman - Sky News

 

2:30am BST

 

Japan June labour demand hits 22-year high; jobless rate rises

 

Japan 12:55am BST

 

Japan June retail sales fall 0.6 percent year-on-year

 

Japan 12:54am BST

 

Japan June household spending falls 3 percent vs year ago

 

Japan 12:41am BST

 

Exclusive - U.S. condensate oil export requests put on hold for now: sources

 

12:26am BST

 

Bank of Portugal says BES loss can be remedied by capital hike

 

12:15am BST

 

Exclusive - Goldman moves executive to new role building ETFs

 

12:11am BST

 

Argentina to hold last-gasp debt talks with mediator Tuesday

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

29 July 2014 Last updated at 19:13

 

 

BP warns of Russia sanctions risk_76590882_tv008683940.jpg

 

Oil giant BP reports a rise in second quarter profits to $3.2bn (£1.9bn), but warns that further economic sanctions against Russia could affect its business.

 

 

_76607727_76601722.jpgBritish Gas owner names new boss

 

British Gas owner Centrica announces the appointment of Iain Conn, currently BP's head of refining and marketing, as its new chief executive.

 

 

 

_76590894_e649c4c8-feee-47ea-bbba-cac597d7ffa6.jpgGherkin skyscraper put up for sale

 

London's Gherkin skyscraper is put up for sale, with interest expected from Chinese, other Asian, and US buyers.

 

 

 

Other Top Stories

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Europe's bond yields lowest since 15th century Genoa on deflation, Russia risk

 

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German, French and Dutch yields have been sliding for months as the eurozone recovery wilts and several countries flirt with recession

2 Comments

Murdoch's former son-in-law rejects BSkyB's Sky Deutschland offer

 

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Crispin Odey, the biggest investor in Sky Deutschland, believes BSkyB's plan to create Sky Europe offers a nil premium for shareholders

2 Comments

Pfizer defends £69bn move for AstraZeneca

 

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US firm's chief executive, Ian Read, said he exercised "good financial discipline" during talks with UK rival

Comment

Aldi set to overtake Waitrose as Britain's sixth largest supermarket

 

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Aldi and Lidl accelerate, while Tesco confirmed as worst performing supermarket along with Morrisons, just a week after chief executive Philip Clarke ousted

37 Comments

 

UK mortgage approvals rise for the first time in four months

 

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Mortgages edge up but remain 12pc down on January highs

1 Comment

BP chief executive stands by Rosneft deal

 

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The benefits of being in Russia outweigh risks despite potential damage from sanctions against the country, Bod Dudley says

Comment

Centrica appoints Iain Conn as chief executive with £3.7m pay package

 

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British Gas owner says that BP executive will succeed Sam Laidlaw on January 1

Comment

GKN's revenues go into reverse due to strong pound

 

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Car and aerospace parts manufacturer GKN says currency headwinds hitting its top line

Comment

Why is Next thriving while Marks & Spencer struggles?

 

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Next sales increasing by more than 10pc, while Marks & Spencer and other clothing retailers struggle

3 Comments

Yours for £640m: London's Gherkin up for sale

 

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Agents say the landmark building has already attracted interest from overseas investors

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

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