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The great interest rate rip off part 10


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Dividing and Conquering the Trash

 

By DAVID ZAX

 

 

Rubicon Global, a waste consultant, finds a lucrative niche in helping its business clients cut their hauling costs, and to recycle whatever they can.

 

 

 

26-GARBAGE-JP1-sfSpan.jpg

Luke Sharrett for The New York Times

 

Nate Morris, chief of Rubicon Global, with recyclable raw materials on the grounds of Somerset Recycling in Kentucky.

 

 

 

 

 

 

 

26--ACKMAN-thumbStandard-v2.jpg

Bill Ackman and His Hedge Fund, Betting Big

 

By ALEXANDRA STEVENSON and JULIE CRESWELL 11:30 AM ET

 

Whether fighting a corporate takeover war or buying a top-of-the-world apartment, the chief of Pershing Square Capital Management doesn’t hold back.

 

EUBanks-thumbStandard.jpg

About 25 Europe Banks Are Said to Have Failed Tests

 

By JACK EWING and LANDON THOMAS Jr.

 

The results of the review, set to be disclosed on Sunday, are expected to show that some banks have shored up their books, but it could unsettle markets.

 

Administration Will Review Auto Safety Regulator

 

By REBECCA R. RUIZ and JULIE HIRSCHFELD DAVIS 1:29 PM ET

 

The inquiry into the National Highway Traffic Safety Administration comes during a record year for recalls, in which the agency’s role has been scrutinized by Congress.

 

ebola-drugs-1414098871036-thumbStandard.png

Health Officials Expect to Start Vaccine Trials in West Africa as Early as December

 

By ANDREW POLLACK

 

Participants in Liberia and Sierra Leone would receive experimental vaccines that could lead to mass inoculations in 2015, health officials said Friday.

 

 

Producer of Highway Guardrails to Halt Sales

 

By DANIELLE IVORY and AARON M. KESSLER

 

The move comes after regulators ordered more crash testing of the barriers, which have been banned in 13 states because of concerns that they can impale drivers.

 

The Haggler

 

26-HAGGLER-thumbStandard.jpg

Online Jeers, Strangely Giving Way to Cheers

 

By DAVID SEGAL

 

Employees of a hair-removal chain — the topic of a previous Haggler column — say superiors asked staff members to post favorable online reviews of the company.

 

On Work

 

26-ONWORK-thumbStandard.jpg

The Call of the Wild, Partly Answered

 

By VERONIQUE GREENWOOD

 

Summer jobs with the Forest Service taught a young woman the joys, and the limitations, of the great outdoors.

 

Prototype

 

PROTO-1-thumbStandard.jpg

Selling a Smaller Soccer Ball

 

By CLAIRE MARTIN

 

A Danish nonprofit wants to reduce female soccer players’ injuries. Its answer? A soccer ball that is lighter and slightly smaller in circumference.

 

Datapoints

 

An Extra Cost in American Home Sales

 

By ANNA BERNASEK

 

The average real estate broker commission is far higher in the United States than in some other countries.

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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More Economy 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

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

 

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

ECB fails 25 banks in health check but problems largely solved | btn_rel_video.gif

 

6:37pm GMT

 

Monte Paschi has biggest capital gap in ECB tests, may seek merger

 

6:37pm GMT

 

Bank test results show bailed-out Cyprus turning around - officials

 

6:33pm GMT

 

Italy agrees partial budget change with EU Commission - newspaper

 

5:02pm GMT

 

German banks fare better than expected in ECB test

 

4:05pm GMT

 

Cyprus says bank results could expedite end of capital controls

 

3:56pm GMT

 

Three Greek banks fail stress tests, relief over shortfall

 

3:29pm GMT

 

Monte Paschi looking at strategic options after failing ECB tests

 

3:26pm GMT

 

Investors welcome Europe's bank tests as step in right direction

 

3:25pm GMT

 

Greece satisfied that ECB tests leave bank bailout buffer untouched

 

2:53pm GMT

 

Britain looking at curbing migrant workers from EU - Minister

 

World, UK 2:14pm GMT

 

ECB's Constancio says sees slight pick-up in loan demand

 

1:59pm GMT

 

Ireland's PTSB plans capital raise after stress test fail

 

1:57pm GMT

 

German banks don't need to take further steps after stress tests - Schaeuble

 

1:55pm GMT

 

Global economy weekahead - Federal Reserve to take away the punch bowl

 

1:48pm GMT

 

Bank of Italy would welcome Monte dei Paschi merger to strengthen bank

 

1:44pm GMT

 

Lloyds dividend in balance after close stress test pass

 

UK, 1:38pm GMT

 

ECB stress test scenario did not consider deflation - Constancio

 

1:23pm GMT

 

Factbox - Twenty-five banks fail Europe's 'stress test'

 

1:19pm GMT

 

German stress test results put doubters to rest - watchdog

 

1:07pm GMT

 

ECB worried about euro zone's lack of real growth - Constancio

 

1:01pm GMT

 

Italy PM Renzi meets workers from loss-making steel plant

 

10:38am GMT

 

Departing Barroso sees EU stronger after euro debt crisis

 

9:24am GMT

 

Raise UK interest rates now, says Bank of England policymaker

 

UK 9:12am GMT

 

Senior Japan official calls for Abe to delay sales-tax hike

 

Japan 8:47am GMT

 

Panasonic says to transfer Sanyo TV unit in U.S. to Funai Electric

 

Japan 5:42am GMT

 

ECB faces test of its own as Europe braces for landmark banking review

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

26 October 2014 Last updated at 13:43

 

 

Vulnerable European banks identified_78547873_78547867.jpg

 

Twenty-four European banks fail stress tests of their finances, with 14 still needing to raise more capital, the European Banking Authority says. 506

 

 

_78531156_78530974.jpgMost UK profit warnings since 2008

 

Profit warnings by UK-listed firms rise to the their highest summer level for six years, according to forecaster EY.

 

 

 

_78530393_pa%282%29.jpg'Record number' of low-paid Britons

 

A record five million UK workers are now in low-paid jobs, a rise of 250,000 in the last year, research from a left-of-centre think tank suggests. 870

 

 

 

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

Most European Banks Pass E.C.B. Stress Test

 

By JACK EWING 58 minutes ago

 

The European Central Bank said only 13 of 130 banks it reviewed lacked sufficient capital to withstand a severe crisis. But the lack of more failures prompted some analysts to question the rigor of the exam.

 

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Fredrik Von Erichsen/European Pressphoto Agency

 

Headquarters of the European Central Bank in Frankfurt.

 

 

 

 

26--ACKMAN-thumbStandard-v2.jpg

Bill Ackman and His Hedge Fund, Betting Big

 

By ALEXANDRA STEVENSON and JULIE CRESWELL

 

Whether fighting a corporate takeover war or buying a top-of-the-world apartment, the chief of Pershing Square Capital Management doesn’t hold back.

 

 

26-GARBAGE-JP1-thumbStandard.jpg

Dividing and Conquering the Trash

 

By DAVID ZAX

 

Rubicon Global, a waste consultant, finds a lucrative niche in helping its business clients cut their hauling costs, and to recycle whatever they can.

 

JP-STRUCTURE1-thumbStandard-v2.jpg

Law Lets I.R.S. Seize Accounts on Suspicion, No Crime Required

 

By SHAILA DEWAN

 

Using a law designed to help catch drug traffickers, racketeers and terrorists by tracking their cash, the government has gone after run-of-the-mill business owners and wage earners.

 

On Work

 

26-ONWORK-thumbStandard.jpg

The Call of the Wild, Partly Answered

 

By VERONIQUE GREENWOOD

 

Summer jobs with the Forest Service taught a young woman the joys, and the limitations, of the great outdoors.

 

Datapoints

 

An Extra Cost in American Home Sales

 

By ANNA BERNASEK

 

The average real estate broker commission is far higher in the United States than in some other countries.

 

20141024-KURDISHOIL-slide-662R-thumbStandard.jpg

Oil Gives Kurds a Path to Independence, and Conflict With Baghdad

 

By AZAM AHMED and CLIFFORD KRAUSS

 

Kurdish officials are desperately trying to sell oil abroad, even as the Iraqi government and the United States are blocking their attempts.

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

Vodafone's £6bn Spanish takeover of Ono tarnished by tax fraud allegations

 

ono2_2854290d.jpg

Investigators called in to probe wholesale trading as £50m in bonuses for Ono management is held back over what they knew about the scandal when Vodafone bought the company

1 Comment European stress tests: 25 banks fail

 

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Twenty-five of 130 European banks have failed the ECB and EBA's financial healthcheck - but all British banks pass

48 Comments

 

RBS to outline commitment to Irish arm Ulster Bank

 

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Taxpayer-owned bank's operations in Ireland have improved significantly and could count towards RBS's best quarterly profits for years

5 Comments

‘It was like a blow to the stomach’: Tesco chief on hearing of £260m black hole

 

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Dave Lewis, the chief executive of struggling retailer Tesco, says he will win customers back

4 Comments

MG Rover's 'Phoenix Four' to receive more than £1m each

 

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Heavily criticised group of disqualified directors are due to benefit from the delayed liquidation of collapsed car maker's finance arm

1 Comment

'Tesco Law' rules relaxed to encourage more one-stop law shops

 

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Regulator wants more firms to launch legal services after a slow start

Comment

EU membership is 'critical' for British exports

 

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Exiting the European Union would hit British exporters says David Godfrey, chief executive of UK Export Finance

 

 

Reckitt Benckiser to detail spin-off plan

 

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Consumer goods giant will send circular to investors in November detailing demerger plans for pharmaceutical division

Comment

Office to expand as owners examine sale

 

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Silverfleet has hired JP Morgan to advise on the future of the shoe retailer

1 Comment

Will King to step back from King of Shaves

 

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Entrepreneur decides to relinquish throne as banking adviser appointed to steward sales approaches

 

Three reasons why the ECB bank stress tests are subpar

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

New London gold benchmark to go live in early first quarter 2015 - LBMA

 

7:44pm GMT

 

Weak Merck sales overshadow third quarter cost cuts

 

7:30pm GMT

 

Deutsche Boerse third quarter lifted by higher trading activity

 

7:13pm GMT

 

Goldman slashes 2015 oil price forecast as glut grows

 

6:53pm GMT

 

Bank of England says 'anything goes' attitude in finance must end

 

6:47pm GMT

 

World Bank panel suspends enforcement of Venezuela - Exxon ruling

 

6:24pm GMT

 

Cameron escalates row over EU bill

 

UK, 6:13pm GMT

 

Exclusive - Amazon buys comedy service Rooftop Media to expand digital content

 

Tech 6:08pm GMT

 

Lloyds looks to restore confidence after narrow stress test pass

 

6:05pm GMT

 

Rite Aid becomes latest retailer to shut off Apple Pay

 

Tech 5:53pm GMT

 

France and Italy offer to trim deficit further to win EU clemency

 

5:52pm GMT

 

Financials weigh on FTSE after banks' health check

 

FXpert 5:21pm GMT

 

Oil, weak German data drag on stocks; Brazil sinks

 

FXpert 5:13pm GMT

 

Valeant says ready to raise Allergan bid to at least $200/share

 

4:47pm GMT

 

BHP Billiton eyes sale of U.S. shale gas assets in profit drive

 

4:38pm GMT

 

BHP Billiton to limit annual capex to $14 billion after spinoff: CEO

 

4:36pm GMT

 

BP to become member of TANAP pipeline project before the end of 2014

 

4:31pm GMT

 

BHP Billiton eyes sale of U.S. shale gas assets in profit drive

 

4:23pm GMT

 

Cutrale-Safra wins takeover battle for fruit producer Chiquita

 

4:22pm GMT

 

Under full capital rules, 36 EU banks would have flunked test

 

4:20pm GMT

 

Cameron says won't pay 'anything like' the 2.1 billion euros the EU wants

 

UK 4:11pm GMT

 

Cameron says 'no pressing need' to pay EU bill of 2.1 billion euros

 

UK, 3:57pm GMT

 

UK defends refusal to pay EU bill as press shakes fist at Brussels

 

3:37pm GMT

 

Bank of America's Merrill fined over short-sale rule violations

 

3:29pm GMT

 

ECB stimulus may lack desired scale, QE an option - sources

 

2:54pm GMT

 

UK retailers report fastest growth in over three years - CBI

 

UK 2:50pm GMT

 

Analysis - Botswana, Africa's diamond, risks losing its sparkle

 

Africa 2:30pm GMT

 

EU warns row over budget payment puts British rebate at risk

 

2:22pm GMT

 

SEC standoff stalls Bank of America's mortgage settlement - Bloomberg

 

1:25pm GMT

 

Hargreaves Services starts closure consultation at British coke plant

 

12:07pm GMT

 

ECB fails 25 banks in health check but problems largely solved | btn_rel_video.gif

 

12:01pm GMT

 

Monte dei Paschi drags Europe's banks lower after stress test

 

12:01pm GMT

 

German business morale weakens to lowest level in almost two years

 

11:21am GMT

 

UBI says not studying tie-ups for now as Monte Paschi rumours swirl

 

11:20am GMT

 

Analysis - Europe's bank test celebrations mask mounting challenges

 

10:06am GMT

 

Co-op Bank names Dennis Holt as new chairman

 

10:03am GMT

 

Honda second-quarter profit to rise, but recalls cloud outlook

 

9:41am GMT

 

Lending to euro zone private sector falls again but at slower pace - ECB

 

9:35am GMT

 

Sanofi board says CEO succession not on meeting agenda

 

9:30am GMT

 

EU energy boss, Ukraine minister to hold talks on Russia gas dispute

 

9:29am GMT

 

Saab finalises 3.3 billion pounds Brazil order for 36 fighter jets

 

Aerospace & Defence 9:21am GMT

 

Salamander Energy gets offer approaches from Ophir Energy, consortium

 

9:18am GMT

 

Tough European outlook weighs on TNT Express

 

9:14am GMT

 

London hedge fund Red Kite holds more than half LME copper stocks - WSJ

 

UK 9:04am GMT

 

Greek bank shares rally after positive ECB test outcome

 

8:48am GMT

 

Bank health check brings relief to euro zone bond market

 

Spain 8:35am GMT

 

Monetary policy no panacea - ECB's Nowotny in magazine

 

7:58am GMT

 

Numericable posts third-quarter loss on SFR takeover costs

 

7:53am GMT

 

Ashley increases control at Rangers in return for funding deal

 

UK, 7:41am GMT

 

Takata may take up to three billion yen charge for additional airbag recalls - sources

 

7:34am GMT

 

Monte Paschi will not ask for more state aid - CEO to Il Sole 24 Ore

 

7:32am GMT

 

German Amazon workers called to strike in pay dispute

 

Tech 7:16am GMT

 

Pacific trade talks progress but gap remains between U.S., Japan

 

Japan 6:16am GMT

 

Raise UK interest rates now, says Bank of England policymaker

 

UK, 6:02am GMT

 

Tesla offers leasing options for new Model S in U.S.

 

6:01am GMT

 

Online financing, rising costs squeeze profits at China's midsize banks

 

1:33am GMT

 

London's finance firms hiring more female, overseas staff - study

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 October 2014 Last updated at 20:09

 

 

Penalise bad traders, suggests Bank _78559224_hi020857140.jpg

 

More could be done to punish traders who try to manipulate financial markets, the deputy governor of the Bank of England has said.

 

 

_78554449_78553013.jpgItalian bank hit by stress tests

 

Trading in shares of Italy's Monte dei Paschi is suspended twice after sharp falls in reaction to its poor performance in official stress tests.

 

 

 

_78554939_484009717.jpgCo-op Bank appoints new chairman

 

The troubled Co-operative Bank appoints Dennis Holt as its new chairman.

 

 

 

Other Top Stories

 

 

 

 

Our Experts

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

Bank of England launches wide-ranging review of London's markets

 

forex_3086742d.jpg

ECB stress tests vastly understate risk of deflation and leverage

 

Bank_2466835g.jpg

Ignoring the deflation danger for the banking systems of southern Europe has reduced the latest stress test to another 'farce', says EU economist Philippe Legrain

10 Comments

 

Will China ride to the rescue of Britain’s dilapidated infrastructure?

 

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As debate rages over the costs of HS2 and how a proposed “HS3” high speed rail link will be funded, a new report estimates China will invest more than £100bn in UK infrastructure over the next 11 years

191 Comments

Reebok Sports Club limbers up for Prince Harry's gym chain

 

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Plush London fitness chain The Third Space, which counts the Prince among its members, will become part of same group that owns Europe’s largest luxury health club

1 Comment

New Tesco boss handed share options worth £2.8m

 

lewis_3027807g.jpg

Tesco's new chief executive and finance director have been handed share options collectively worth more than £4m at today’s prices to compensate them for potential bonuses forfeited when they left their previous employers

14 Comments

Sports Direct forced to spell out zero-hours workers' rights

 

sports_1942906b_2085248d.jpg

Sports Direct strikes settlement over controversial zero-hours contracts which do not guarantee work to staff

14 Comments

Co-op Bank appoints new chairman

 

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Third chairman in less than 18 months following the exits of Rev. Paul Flowers and Richard Pym

7 Comments

Booths bucks supermarket trend as profits rise

 

BoothsUse_2038041g.jpg

Upmarket family-owned retailer saw 6pc rise in profits despite no new store openings in the year to March

5 Comments

Stock markets threatened by collapse in Chinese consumer demand

 

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A shocking slump in Chinese consumer demand will undermine World economic growth and stock markets

 

We must raise interest rates now, says Bank of England hawk

 

bank_1802575g.jpg

The UK economy is running out of spare capacity, Ian McCafferty has warned, and action must be taken now

50 Comments

 

Three reasons why the ECB bank stress tests are subpar

 

March of the regulators will destroy banking innovation

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

Fast Food in Denmark Serves Something Atypical: Living Wages

 

By LIZ ALDERMAN and STEVEN GREENHOUSE 11:54 AM ET

 

 

Some economists point to Denmark, where fast-food workers make more than twice what they would in the United States, in discussions about American wages.

 

 

 

 

 

  • 20141025WAGE-SS-slide-WBEK-sfSpan.jpgEve Edelheit for The New York Times
     
     
     
  • 20141025WAGE-SS-slide-ZXRD-sfSpan.jpgEve Edelheit for The New York Times
     
     
     
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  • 20141025WAGE-SS-slide-AQRT-sfSpan.jpgEve Edelheit for The New York Times
     
     
     
  • 20141025WAGE-SS-slide-AD4S-sfSpan.jpgEve Edelheit for The New York Times
     
     
     
  • 20141025WAGE-SS-slide-72TY-sfSpan.jpgLaerke Posselt for The New York Times
     
     
     
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Anthony Moore, a shift manager at a Burger King in Tampa, Fla., earns $9 an hour.

 

 

 

 

 

 

 

 

Virginia Plans to Remove Suspect Guardrail Parts

 

By AARON M. KESSLER and DANIELLE IVORY 2:51 PM ET

 

Rail heads made by Trinity Industries, meant to reduce damage in a collision, are suspected of having a defect and have been banned by 13 states.

 

28foodscores-pic1-thumbStandard.jpg

Food Scores, a New Web Service, Ranks Grocery Items on Ingredients and Nutrition

 

By STEPHANIE STROM

 

The database assigns a score to 80,000 products based on factors like how nutritious and processed they are.

 

DealBook

 

dbpix-chiquita-thumbStandard.jpg

Chiquita and Brazilian Group Announce Takeover Deal for Banana Producer

 

By DEALBOOK 12:06 PM ET

 

The deal with the Cutrale Group and the Safra Group was widely expected after Chiquita shareholders rejected the company’s acquisition of Fyffes of Ireland, a produce distributor.

 

DealBook

 

dbpix-ackman-pearson-thumbStandard.jpg

Valeant Ready to Raise Offer for Botox Maker Allergan

 

By DAVID GELLES 2:32 PM ET

 

While Valeant stopped short of announcing a new mix of cash and stock, it said it was “prepared to improve its offer and provide value to your shareholders of at least $200 a share.”

 

27applepay-thumbStandard.jpg

Apple Pay Is Disabled by Rite Aid and CVS as a Rival Makes Plans

 

By MIKE ISAAC

 

A consortium of merchants plans to introduce a payment system next year that will supplant the use of credit and debit cards.

 

DealBook

 

Results of Stress Tests Don’t Guarantee Better Economic Health for Eurozone

 

By JACK EWING 56 minutes ago

 

While the majority of banks in the eurozone are solid enough to survive a crisis, only a minority are in a position to increase lending and help Europe avoid slipping back into recession.

 

 

Merck Revenue Sags 4% in Third Quarter

 

By KATIE THOMAS 12:00 PM ET

 

The pharmaceutical company’s earnings beat expectations, however, helped by sales of the diabetes drug Januvia and revenue in emerging markets.

 

 

 

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

Standard Chartered shares dive on third profit warning

 

Chief executive Peter Sands is under pressure with increasing bad debts and a big rise in the bank levy

 

Life after Libor: bankers to face personal fines for rigging prices

 

 

 

 

Alibaba founder Jack Ma tops Forbes annual list of China's richest people

 

 

 

 

Wal-Mart apologises for 'fat girls costumes' website blunder

 

 

 

 

Shop Direct chief insists IPO not on the card for online retailer

 

 

 

 

BP hikes dividend despite fall in oil prices and weakness in Russian rouble

 

 

 

 

Apple paid $2bn tax on $33bn of international profits

 

 

 

 

UBS misses profit estimate for third quarter on legal costs

 

 

 

 

Lloyds to axe 9,000 jobs as it confirms plans to shut 150 bank branches

 

 

 

 

Shares in the world’s oldest bank Monte dei Paschi were suspended

 

Time running out for Peter Sands at Standard Chartered

 

When Standard Chartered's popular finance director Richard Meddings left early this year Peter Sands, the chief executive, made a fulsome, gracious, speech.

 

Why BlackBerry should hire Kim Kardashian

 

 

 

 

Glencore and the MPs’ call for an index of evil

 

 

 

 

Stress tests are worth doing – but they need to be properly designed

 

 

 

 

With Brazil's economy at a crossroads, Dilma Rousseff faces difficult second term

 

 

 

 

For some oligarchs, when the seas are rough, they sail off to Zug

 

 

 

 

Like a portent of blackouts to come, our IT systems are creaking and crashing

 

 

 

 

Tesco’s new chief should listen to the spinners because silence isn’t golden

 

 

 

 

Eurozone banks braced for ECB stress test results

 

 

 

 

James Moore: This is why the ‘wonks’ should mind the shop

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

Pfizer execs: new Treasury rules hamstring inversion deals

 

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UK export credit agency to guarantee sukuk bond for first time

 

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FTSE rebounds as gains in miners offset weaker banks

 

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Italy will not oppose Monte Paschi delaying aid repayment-official

 

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Australia to list Medibank as state winds back health insurance subsidies

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 October 2014 Last updated at 20:37

 

 

Rates can stay low, says Bank exec_78595589_78547883.jpg New

 

Interest rates can be kept at their current record low level for longer than first thought, the Bank of England's deputy governor says.

 

 

_78582371_178409415.png'Thousands' set to cash in pensions

 

Up to 200,000 people are set to cash in their pension pots all in one go next year, according to research from provider Hargreaves Lansdown.

 

 

 

_78596009_015399439-1.jpgFacebook revenues beat expectations New

 

Despite better than expected revenue, profit and user numbers Facebook shares fall in after-hours trading in New York.

 

 

 

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

Keep interest rates low for longer, says Bank deputy

 

boe_2092538d.jpg

Sir Jon Cunliffe, a deputy governor of the Bank of England, comes out in favour of keeping interest rates at a record low of 0.5pc for longer

6 Comments Lloyds: Branch transactions to halve within three years

 

Lloyds_2681004g.jpg

Taxpayer-backed bank outlines plans to cut 9,000 jobs and close 200 branches as it unveils leap in profits

121 Comments

 

Labour steps up rail re-nationalisation campaign

 

east-coast_2713028g.jpg

Labour Party to introduce a bill in Parliament on Wednesday that would allow a state-owned train operator to bid for lucrative rail franchises

4 Comments

Nuclear problems or lack of wind 'could wipe out spare power capacity'

 

blackout_2360833g.jpg

Household lights could be dimmed this winter if wind doesn't blow and nuclear plants stay offline - despite new emergency measures to prevent blackouts, experts warn

 

 

Retailers want Chancellor to extend business rates discounts

 

business_2738227g.jpg

British Retail Consortium calls for George Osborne to commit to reform of business rates in Autumn Statement

Comment

Vodafone accused of illegally witholding report on £6bn German takeover

 

Voda_2803939g.jpg

US hedge fund Elliot goes to court to obtain special auditors' report in bid to extract higher price for minority stake in Kabel Deutschland

Comment

SFO charges ex-Tullett Prebon trader over Libor manipulation

 

Untitled-1_2424266d.jpg

Charge against Noel Cryan is thirteenth brought by the Serious Fraud Office and first for the interdealer broker

Comment

Alibaba eyes partnership with Apple

 

iphone_3079252g.jpg

Companies could join forces on electronic payments, helping Apple to advance in China and Alibaba to expand in the US

2 Comments

House prices fall across England

 

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The regions have caught London's property cold as values drop in the Midlands, the North and the South East

55 Comments

 

Google planning ad-free version of YouTube

 

youtube_3088295g.jpg

Web search giant looking at subscription model in order to give users more 'choice'

1 Comment

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

Another emerging markets crisis looms as Brazil opts for politics of stagnation

 

It’s time the Government adopted proper private sector accounting rules

 

Report Reveals Wider Tracking of Mail in U.S.

 

By RON NIXON 11:23 AM ET

 

 

The Postal Service approved nearly 50,000 requests last year from law enforcement agencies to secretly track the mail of ordinary Americans for use in criminal and national security investigations.

 

 

 

 

JP-MAIL-sfSpan.jpg

Luke Sharrett for The New York Times

 

Mail handlers in Virginia. The Postal Service approved nearly 50,000 requests last year to track the mail of Americans.

 

 

 

 

 

 

 

29hack-pic1-thumbStandard.jpg

Russian Government Linked to More Cybersecurity Breaches

 

By NICOLE PERLROTH 2:03 PM ET

 

Researchers say hackers have for seven years been using sophisticated techniques to break into computer networks around the world.

 

DealBook

 

dbpix-pension2-thumbStandard.jpg

Lawsuit Contends Consultant Misled Detroit Pension Plan

 

By MARY WILLIAMS WALSH 52 minutes ago

 

The suit contends that Gabriel, Roeder, Smith used faulty methods that “doomed the plan to financial ruin.” The litigation may have implications beyond Michigan because of the firm’s influence in public pensions.

 

Bits Blog

 

28bits-youtube-thumbStandard.png

YouTube Weighing New Subscription Service

 

By CONOR DOUGHERTY 1:05 PM ET

 

YouTube’s subscription effort is still in the very early phases, and the company appears to be targeting potential partners from big media companies to individual publishers.

 

29ftc-web1-thumbStandard.jpg

F.T.C. Accuses AT&T of Deceiving Consumers on Unlimited Data Plan

 

By EDWARD WYATT 2:43 PM ET

 

The Federal Trade Commission said smartphone customers who signed up for an unlimited data plan often found their data speeds reduced if they were in the top 5 percent of users.

 

Facebook Revenue Up as Mobile Advertising Grows

 

By REUTERS 36 minutes ago

 

Mobile ads represented 66 percent of social network’s advertising revenue.

 

 

 

 

Earnings Roundup

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

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

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

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