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The great interest rate rip off part 10


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Verizon close to deals to sell over $10 billion in assets - WSJ

 

7:58pm GMT

 

Global stocks edge up in choppy trade, oil bounces

 

FXpert 7:53pm GMT

 

Alcatel-Lucent woos new kinds of customers in race to prove itself

 

7:12pm GMT

 

Greece says not in 'Wild West showdown' with Europe | btn_rel_video.gif

 

World, 7:09pm GMT

 

Fairfax optimistic about prospects of Eurobank and Greece

 

World 7:09pm GMT

 

Euro zone inflation could be 0.8 percent this year - ECB's Nowotny

 

6:14pm GMT

 

Euro zone may have negative inflation in some months to come - ECB's Nowotny

 

6:13pm GMT

 

Kadjar fills SUV-shaped hole in Renault's line-up

 

Japan 6:11pm GMT

 

Oil up in skittish trade; stocks, refinery strike limit gains

 

FXpert 6:05pm GMT

 

Computacenter to return about 100 million pounds to shareholders

 

Tech 6:02pm GMT

 

Exxon fourth-quarter profit tops estimate, share buyback slashed in half

 

5:57pm GMT

 

Greek finance minister eyes debt deal very soon - UK's Channel 4

 

UK, World 5:50pm GMT

 

Chancellor Osborne says Greek stand-off biggest risk to the global economy | btn_rel_video.gif

 

UK 5:49pm GMT

 

Merkel, Schaeuble could meet new Greek government soon

 

World, 5:48pm GMT

 

Greek PM due in Brussels to meet Juncker on Wednesday

 

World, 5:48pm GMT

 

Greece must stop being 'festering wound' on euro zone - finance minister

 

World, 5:48pm GMT

 

Greek finance minister confident ECB will not undermine Greece - TV

 

World, 5:48pm GMT

 

Banking group IIF says not involved in Greek debt talks

 

World 5:44pm GMT

 

Exports boost UK manufacturing in January as factories cut prices - PMI

 

5:38pm GMT

 

Ireland mandates debut 30-year bond issue

 

5:12pm GMT

 

UK private equity firm to take majority stake in Serbia foods group

 

5:08pm GMT

 

French court rules against Gucci in trademark dispute with Guess?

 

5:07pm GMT

 

CRH surge leads FTSE to modest gains

 

FXpert, Aerospace & Defence 5:00pm GMT

 

South Hook CHP Ltd says plans for new UK power plant on hold

 

4:58pm GMT

 

OPEC delegates cautious over oil-price rebound

 

Middle East, FXpert 4:57pm GMT

 

British Airways owner offers route pledge to Dublin in Aer Lingus bid

 

Aerospace & Defence 4:56pm GMT

 

Deflation alarms ring as EU, Chinese factories struggle; U.S. steady | btn_rel_video.gif

 

4:53pm GMT

 

U.S. consumer spending weakest since 2009, inflation muted

 

4:50pm GMT

 

Factbox - Proposals in Obama's $3.99 trillion annual budget

 

4:49pm GMT

 

Global factory activity picked up in January as factories cut prices - survey

 

4:45pm GMT

 

Obama proposes $3.99 trillion budget, sets up battle with Republicans

 

4:39pm GMT

 

Factbox - Proposals in Obama's $3.99 trillion annual budget

 

4:39pm GMT

 

Behind Obama's budget proposals, a gloomy view of the future

 

4:37pm GMT

 

Handelsbanken revives the role of the British bank manager

 

4:15pm GMT

 

Ardelyx kidney drug leads to increased diarrhea rates; shares fall

 

4:01pm GMT

 

Traders - Lower interest rate on ECB TLTRO won't boost demand: Reuters Poll

 

3:50pm GMT

 

Schaeuble worried German support for euro is waning

 

3:39pm GMT

 

U.S. construction spending rises, but misses expectations

 

3:15pm GMT

 

Alibaba's Ma says IPO of Ant Financial unlikely in 2015

 

Tech 3:01pm GMT

 

U.S. manufacturing growth holds steady in January - Markit

 

2:56pm GMT

 

Big Saudi firms to pay bonuses, imitating royal handout

 

Middle East 2:53pm GMT

 

Verdi seeks 5.5 percent pay increase for Lufthansa staff

 

Aerospace & Defence 2:48pm GMT

 

Busiest January for global M&A since 2011, with Asia in spotlight

 

2:40pm GMT

 

Russian CDS, bond yield premiums higher than Pakistan

 

Middle East 2:37pm GMT

 

Reliance joins list of hopefuls for Indian bank permits

 

2:14pm GMT

 

Deaths linked to defective GM switch expected to rise-fund official

 

2:11pm GMT

 

U.S. consumer spending weakest since 2009, inflation muted

 

2:07pm GMT

 

New effort launched to connect U.S. businesses with clean energy

 

2:07pm GMT

 

UK confirms to give Bank of England greater powers

 

1:53pm GMT

 

Swiss sight deposits rise, point to SNB franc intervention

 

1:23pm GMT

 

Swiss manufacturing sector shrinks after SNB abandons franc cap

 

1:23pm GMT

 

London financial sector job creation drops in January after bumper 2014 - surveys

 

UK, 1:14pm GMT

 

Ireland's CRH to buy Lafarge, Holcim assets for $7.4 billion

 

1:12pm GMT

 

GM ignition compensation gets 4,180 claims ahead of deadline - WSJ

 

1:03pm GMT

 

Barclays to add Malaysian sukuk to flagship bond index

 

12:59pm GMT

 

Greek finance minister to tell investors Greece can service debt - source

 

12:21pm GMT

 

Germany won't accept one-sided changes to Greek bailout - Schaeuble

 

12:18pm GMT

 

Telecom Italia may consider acquisitions in Europe - Valor

 

Spain 11:55am GMT

 

First indications of quantitative easing impact by summer - ECB's Nowotny

 

10:58am GMT

 

CRH backs Lafarge Holcim asset buy with 6.5 billion euro bridge loan

 

10:56am GMT

 

Special Report - For French investors, a Euro Disney nightmare

 

Special Reports 10:41am GMT

 

Airbus wants to buy Finmeccanica's MBDA stake - report

 

Aerospace & Defence 10:34am GMT

 

Telefonica to cut fibre optic investment after anti-trust proposal

 

Tech 10:21am GMT

 

Ryanair sees cheap oil fuelling competition on fares

 

10:13am GMT

 

Books covered for CRH placement to fund Lafarge, Holcim asset buy - source

 

9:45am GMT

 

ECB's Nowotny says believes CEE on path to stabilise FX loans

 

9:28am GMT

 

Euro zone factories post 'meagre' growth in activity in January - PMI

 

9:05am GMT

 

Growth in German manufacturing slows in January - PMI

 

9:00am GMT

 

Downturn in French factory activity eases in Jan - PMI

 

8:54am GMT

 

Standard Bank sells London unit stake for $75 million less than expected

 

8:35am GMT

 

Ryanair CEO says state's Aer Lingus concerns are misplaced

 

Aerospace & Defence 8:28am GMT

 

CRH says in talks with KKR on partnering on new UK assets

 

8:25am GMT

 

Sovereign wealth funds in talks to back $15 billion O2 deal - report

 

8:09am GMT

 

Swiss prosecutor opens Holcim insider trading probe

 

8:05am GMT

 

Ifo says German current account surplus hit new record in 2014

 

7:42am GMT

 

Greek coalition ally seeks tax amnesty to get cash back to banks

 

7:23am GMT

 

Greece will not place party officials to manage banks - government spokesman

 

7:23am GMT

 

Insight - U.S. companies face billions in Venezuela currency losses, Reuters analysis shows

 

Special Reports 6:14am GMT

 

Irish manufacturing activity grows at slowest pace in eight months in January - PMI

 

6:13am GMT

 

Coke, Budweiser win as Super Bowl ad battle gets serious

 

5:57am GMT

 

China January HSBC factory PMI contracts for second month, misses flash estimate

 

2:10am GMT

 

Japan January manufacturing PMI shows solid growth at start of year

 

Japan 1:40am GMT

 

Standard General may act as lead bidder for RadioShack Corp -WSJ

 

12:49am GMT

 

South Korea January manufacturing PMI expands for first time in five months

 

12:31am GMT

 

Chinese seafood producer seeks to lure investors with London AIM listing

 

12:16am GMT

 

Free British bank accounts not sustainable, PwC report finds

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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Bailed-out banks set for windfalls as distressed debt markets recover

 

Chance to offload bad loans comes as Lloyds Banking Group considers returning to the dividend list

 

Ed Miliband: 'Boots boss Stefano Pessina should pay his taxes'

 

 

 

 

Spotify cancels launch in Russia for the 'foreseeable future'

 

 

 

 

Apple Watch photographed in use ahead of April release date

 

 

 

 

Oil price recovers as industry calls on politicians to protect North Sea producers

 

 

 

 

UK manufacturing sector given a boost in January - but expansion remains 'muted'

 

 

 

 

Google Earth Pro: high-end, $400 per year mapping tool goes free

 

 

 

 

Ryanair increases profit forecast - but says sliding oil prices mean more competition from rival carriers

 

 

 

 

Smythson, leather goods and luxury stationery company that employs Samantha Cameron, is based in a tax haven

 

 

 

 

Engine fault that stranded Thomson tourists found in eight other planes

 

 

 

Hedge funds - stop your sobbing and try to make a difference

 

Global Outlook

 

The man from Puma walks the green talk. But now he'll have to run it

 

 

 

 

Mark Leftly: Can we outsource guns'n'ammo? We're still waiting for an answer

 

 

 

 

James Moore: Morrisons could do without help from Tesco's old hands

 

 

 

 

James Moore: Once Apple's numbers are crunched, there's really not a lot to celebrate

 

 

 

 

James Moore: Peppa Pig on the big screen? Time to take cover

 

 

 

 

James Moore: Greencore should share its spoils with staff

 

 

 

 

James Moore: Ofwat has let consumers down over United Utilities

 

 

 

 

Satyajit Das: For the Saudis, low oil prices are a means of exacting revenge

 

 

 

 

James Moore: Barbie gives her boss the cold shoulder

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

Osborne warns of Greece 'risk'_80734368_8zfl520c.jpg

 

George Osborne warns the standoff between Greece and the eurozone "is fast becoming the biggest risk to the global economy".

 

 

_80729794_usoilwell.jpgCrude oil prices continue rebound

 

The price of oil rallies as investors speculate that the falling cost of crude may have reached its end.

 

 

 

_80731891_167333306.jpgHundreds of thousands face tax fine

 

As many as 890,000 people face a £100 fine for failing to file their online tax returns on time, HM Revenue and Customs says.

 

 

 

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

Osborne: Greek stand-off is biggest risk to global economy

 

osborne-epa_3184807d.jpg

Chancellor urges Greece and the rest of the 19-nation eurozone bloc to act "responsibly" as the newly elected goverment seeks to renegotiate its €240bn (£180bn) bailout agreement

315 Comments

halfords_1521826g.jpg

Government to act to stop big companies 'squeezing the life' out of small suppliers

 

Proposed consultation to be unveiled at Downing Street summit to be co-chaired by Sir Win Bischoff

Comment

Final_Miliband_and_3178057g.jpg

Get ready for Labour and SNP coalition, says investment bank

 

A left-leaning coalition will be the most likely outcome from May's vote, but there will be "no risk-free" outcomes say Deutsche Bank

52 Comments

iphone_3180325g.jpg

Apple to borrow '$6.5bn' despite record profits

 

Most profitable corporation in history takes advantage of low debt costs while hoarding tens of billions of dollars offshore

21 Comments

hs2_2652764g.jpg

Majority of HS2 rail contracts will go to small businesses

 

The Government has pledged to spread the benefit of the HS2 development, awarding 60pc of contracts to SMEs

2 Comments

FactoryCameronReut_3184318g.jpg

UK manufacturing bounces back as factory costs tumble

 

UK manufacturing output bounces back as domestic demand remains strong, though "lacklustre" eurozone growth suggests sector "will provide little meaningful boost to the economy in the first quarter"

137 Comments

lingus_1991103g.jpg

IAG makes Aer Lingus commitments to soothe Irish political ire

 

British Airways owner aims to win Irish government's backing for its €1.36bn takeover of Aer Lingus by offering commitments to keep Dublin-Heathrow landing slots

5 Comments

 

Britain nets £30bn as borrowing costs fall that could fund pre-election giveaways

 

economy_1874881d.jpg

Chancellor George Osborne can afford to relax spending squeeze – or fund pre-election giveaways, as borrowing costs fall, new calculations show

326 Comments

cut_allan-leighton_2539888g.jpg

Allan Leighton tipped to head Co-op

 

Business heavyweight Allan Leighton could become Co-op Group's next chairman as the troubled business looks to rebuild itself after scandal and financial woes

Comment

gherkin_2891566g.jpg

Towergate agrees rescue deal with its bondholders

 

Insurance broker will cut its £1bn debt pile but wipe out its unsecured creditors

 

 

China property crisis and copper collapse add to FTSE 100 miners woes

 

mine_1889956e.jpg

FTSE 100 miners are feeling the pain from a collapse in commodity prices as the Chinese economy hits the skids

 

Germany will have to yield in dangerous game of chicken with Greece

 

The truth about Greek debt is far more nuanced than either side would have you believe

 

The markets are going to hate the General Election, whoever wins

 

Greece's master of game theory is leading his country to abject disaster

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

Settling Case, S.&P. Backs Off Claims of U.S. ‘Retaliation’

 

By BEN PROTESS

 

As part of a $1.37 billion settlement, S.&P. is expected to say it never found evidence of retaliation for cutting the credit rating of the United States.

02ratingssub-sfSpan.jpg

Brendan Mcdermid/Reuters

 

Standard & Poor’s is expected to say it never found evidence of retaliation for its cutting the credit rating of the United States.

 

 

 

03oilsands-web-thumbStandard-v2.jpg

Lower Oil Prices Strike at Heart of Oil Sands Production

 

By IAN AUSTEN 2:43 PM ET

 

Suppliers of items like safety boots, cleaning services and housing have experienced uncertainty as excavation projects seek to cut operating costs.

 

 

 

DealBook

 

oil-prices-explainer-thumbStandard.jpg

Slump in Oil Prices Brings Pressure, and Investment Opportunity

 

By MICHAEL CORKERY and PETER EAVIS 31 minutes ago

 

Scores of debt-laden oil companies face struggles that could lead to layoffs and losses for banks and investors. At the same time, new fortunes stand to be made.

 

 

 

 

 

 

03motors-web-thumbStandard.jpg

G.M. Victim Compensation Program Is Largely Successful

 

By HILARY STOUT 11:42 AM ET

 

No payment offers have been rejected so far in the automaker’s effort to avoid the image-damaging litigation over defective ignition switches.

 

03BUDGET-thumbStandard.jpg

Obama’s Budget: Beyond the Boldness, Nuggets With G.O.P. Appeal

 

By JONATHAN WEISMAN 11:31 AM ET

 

President Obama’s budget rests on tax increases and an immigration overhaul that have little chance in Congress, but proposals on sequestration and the highway trust fund could take root.

 

 

net-thumbStandard.jpg

In Net Neutrality Push, F.C.C. Is Expected to Propose Regulating Internet Service as a Utility

 

By STEVE LOHR 9:55 AM ET

 

Tom Wheeler, chairman of the Federal Communications Commission, is expected to propose reclassifying high-speed Internet as a telecommunications service.

 

 

By the Barrel

 

03RUSSIA-thumbStandard.jpg

Russia Details Plans to Bolster Its Economy, but Experts Scoff

 

By NEIL MacFARQUHAR

 

Some insiders said they expected the Kremlin to react to the economic crisis the way it had in 2008 — with disaster management, but no fundamental changes.

 

toys1-thumbStandard.jpg

Sex Toy Shops Prepare for Tie-Ins to ‘Fifty Shades of Grey’

 

By RACHEL ABRAMS

 

The sex toy industry is banking on the hope that “Fifty Shades of Grey” will generate soaring sales, much the way the blockbuster erotic novel created thousands of new customers from the readers who passed the book around.

 

 

 

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

Sparks fly over Big Six’s growing profit margins

 

Consumer groups call on energy firms to reduce bills for hard-pressed customers

 

S&P to pay record $1.4 billion to settle lawsuit over subprime debt ratings

 

 

 

 

Twitter will show paid-for promoted tweets on other websites

 

 

 

 

Tesco faces another blow as it is forced to pay former boss Phil Clarke £1.2m

 

 

 

 

Tinder Plus: dating app to charge for undo button and will limit right swipes

 

 

 

 

Google to take on Uber with car-sharing app, Uber to build its own self-driving cars

 

 

 

 

Ocado unveils first annual profit in its 15 years

 

 

 

 

Australian currency falls as it cuts interest rate to record low

 

 

 

 

BP slashes billions from investment plans as it reveals £645m loss

 

 

 

 

Big Six customers 'overcharged by £2.9bn'

 

 

 

James Moore: Never mind buses, state ownership is what our railways require

 

Outlook

 

 

Hedge funds - stop your sobbing and try to make a difference

 

 

 

 

The man from Puma walks the green talk. But now he'll have to run it

 

 

 

 

Mark Leftly: Can we outsource guns'n'ammo? We're still waiting for an answer

 

 

 

 

James Moore: Morrisons could do without help from Tesco's old hands

 

 

 

 

James Moore: Once Apple's numbers are crunched, there's really not a lot to celebrate

 

 

 

 

James Moore: Peppa Pig on the big screen? Time to take cover

 

 

 

 

James Moore: Greencore should share its spoils with staff

 

 

 

 

James Moore: Ofwat has let consumers down over United Utilities

 

 

 

 

Satyajit Das: For the Saudis, low oil prices are a means of exacting revenge

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

Greek debt swap plan gets cool euro zone reception | btn_rel_video.gif

 

7:40pm GMT

 

Little sign of progress after contact to end U.S. refinery strike resumes

 

7:37pm GMT

 

For striking U.S. refinery workers, Shell shows a new face

 

7:37pm GMT

 

Global stocks, oil rally on Greek plan; dollar falls

 

FXpert 7:27pm GMT

 

Exclusive - Rosneft raising money from Swiss trader as debt payment looms

 

7:23pm GMT

 

Oil jumps as dollar plunges, up nearly 20 percent in four days | btn_rel_video.gif

 

FXpert, 7:05pm GMT

 

Ruling on BP fine over 2010 U.S. oil spill months away - lawyers

 

7:00pm GMT

 

Lloyds braced for insurance mis-selling bill rising to 12 billion pounds

 

6:25pm GMT

 

Greek PM Tsipras says Europe has nothing to fear from Athens

 

6:23pm GMT

 

Italy PM Renzi says wants to help Greece within EU framework

 

6:21pm GMT

 

BP CEO says oil prices could stay low for several years

 

FXpert 6:03pm GMT

 

BP CFO sees Rosneft dividend payout halving this year

 

FXpert 6:03pm GMT

 

BP CEO sees U.S. oil output beginning to fall from the summer

 

FXpert 6:03pm GMT

 

BP deepens capex cuts, surprises with Rosneft profit | btn_rel_video.gif

 

6:03pm GMT

 

Asset managers appeal for end to FX 'last look' practice

 

6:00pm GMT

 

Italy's Padoan says growth is key for Greek debt sustainability

 

5:56pm GMT

 

Italy PM Renzi says Greece, EU can find common ground

 

5:56pm GMT

 

U.S. factory orders fall sharply, order books shrinking

 

5:55pm GMT

 

Fed's Bullard calls for deleting 'patient' from rate guidance

 

5:51pm GMT

 

Fed should not raise US rates in 2015, Kocherlakota says

 

5:50pm GMT

 

Russia would lose $160 billion a year from $45 oil - central bank

 

5:45pm GMT

 

FTSE bolstered as BP rises

 

FXpert 5:16pm GMT

 

U.S. oil output may stall in late 2015 as prices plunge - IHS

 

FXpert 5:08pm GMT

 

Petrobras shares surge on disputed report Rousseff will replace CEO

 

5:00pm GMT

 

UK regulator says new runway will require more compensation

 

Aerospace & Defence 4:50pm GMT

 

EBS currency trading volumes soar in volatile January

 

4:44pm GMT

 

Trucks, SUVs drive U.S. vehicle sales in January

 

4:36pm GMT

 

Big banks face $500 billion 'bail in' bonds bill - S&P

 

G20 4:32pm GMT

 

Slovakia will insist on keeping red lines with Greece - finance minister

 

4:29pm GMT

 

Exclusive - Three Greek banks tap two billion euros in emergency funding: sources

 

4:28pm GMT

 

Put social need at heart of impact investing to grow market - OECD

 

G20 4:27pm GMT

 

Target picks former Tesco executive McNamara as new CIO

 

4:21pm GMT

 

Israel ramps up Asia trade ties as government urges shift from EU

 

Middle East 4:15pm GMT

 

Insurers must use quantitative easing wisely to gird for correction - watchdog

 

4:10pm GMT

 

Judge to question Barcelona President Bartomeu over Neymar transfer

 

Sport, 4:01pm GMT

 

German Eurosceptic calls Greek debt plan disguised forgiveness

 

3:53pm GMT

 

EU capital market reforms won't unleash wave of new rules - Hill

 

2:50pm GMT

 

UK's West Midlands pension manager to pull out of hedge funds

 

2:46pm GMT

 

Against the odds, Russian oil output seen near record this year

 

FXpert, 2:40pm GMT

 

EU policy-makers seek to make electric transport a 'priority'

 

2:34pm GMT

 

EU's Hill sticks by bank trading reform, hopes for compromise

 

2:28pm GMT

 

ECB's balance sheet nudges up in week to January 30

 

2:22pm GMT

 

ECB considering leaving troika - Handelsblatt

 

2:04pm GMT

 

Merkel says still waiting for debt proposals from Greece

 

2:04pm GMT

 

Greek finance minister to meet ECB's Draghi this week - source

 

2:04pm GMT

 

Greek Finance Minister has meeting at ECB on Wednesday, ECB says

 

2:04pm GMT

 

German, Greek finance ministers working on time to meet

 

2:04pm GMT

 

RWE, E.ON near sale of stakes in Luxembourg's Enovos - sources

 

2:03pm GMT

 

Santander boss Botin targets lending push after profit jump

 

Spain 1:58pm GMT

 

Russian central bank considers further relaxation of banking sector regulation

 

1:42pm GMT

 

Chrysler sales up 14 percent in January, beating estimates

 

1:26pm GMT

 

Greece to review offshore oil and gas tenders

 

FXpert 12:43pm GMT

 

Rosneft changes forex accounting to avoid weak rouble hitting profits

 

FXpert, 12:05pm GMT

 

Greek debt unsustainable, Bank of England policymaker warns

 

12:01pm GMT

 

India allows banks flexibility on big projects to reboot growth

 

11:52am GMT

 

Santander's UK boss says listing remains a 'medium-term' target

 

11:47am GMT

 

Recovery in European new car sales continued in January

 

11:44am GMT

 

OPEC oil output rises in January as key members stand firm - survey

 

Middle East, Africa 11:35am GMT

 

EU adds Belgium to its tax avoidance investigations

 

11:31am GMT

 

UDG Healthcare expects 5-8 percent rise in full-year EPS

 

11:20am GMT

 

FTSE 350 pension deficit rises to record 133 billion pounds - Mercer

 

11:14am GMT

 

Novartis says Japanese health ministry to suspend unit

 

Japan 11:05am GMT

 

Greece likely to reach deal with creditors - BoE policymaker

 

11:00am GMT

 

Tesco clears payouts for former boss Clarke and ex-CFO

 

10:58am GMT

 

BG writes off $6 billion and sees more job cuts after oil price plunge

 

10:53am GMT

 

TalkTalk says puts cost savings on hold for quality focus

 

Tech 10:46am GMT

 

Russia discussing food price controls - deputy prime minister

 

10:40am GMT

 

Aberdeen's shares slide as net outflows accelerate

 

10:33am GMT

 

Alibaba's Jack Ma dethroned as China's richest by solar magnate - report

 

10:26am GMT

 

Ocado makes first pretax profit, targets overseas deal

 

Tech 10:22am GMT

 

Cheap energy pulls down euro zone producer prices more than expected

 

10:16am GMT

 

China broadens graft probe into financial sector

 

9:57am GMT

 

Australia's RBA cuts rates to record low, market hankers for more | btn_rel_video.gif

 

Australia 9:51am GMT

 

UK construction growth unexpectedly rebounds in January - PMI

 

9:35am GMT

 

BG doubts UK North Sea resurgence in light of weak oil prices

 

8:58am GMT

 

StanChart considering sale of Philippines retail unit - source

 

8:13am GMT

 

EU could freeze accounts of Greek tax dodgers - German economy minister

 

7:49am GMT

 

Profits, productivity and the pursuit of happiness

 

Tennis 6:09am GMT

 

Staples, Office Depot in advanced talks to merge - WSJ

 

5:21am GMT

 

OPEC delegates cautious over oil-price rebound

 

Middle East, FXpert 5:17am GMT

 

Australian Treasurer says central bank has more room to lower rates

 

4:48am GMT

 

China's preliminary fourth quarter current account surplus $61.1 billion

 

3:19am GMT

 

Greece outlines debt 'menu' in bid to win over sceptical euro zone | btn_rel_video.gif

 

World 2:05am GMT

 

Verizon close to deals to sell over $10 billion in assets - WSJ

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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3 February 2015 Last updated at 19:41

 

 

EU tax probe widened to Belgium _80759911_k1bsn6ab.jpg

 

The European Commission has widened its corporate tax probe to include Belgium's rules on so-called "excess profit".

 

 

_80767101_sahzjigv.jpgTesco's ex-bosses to share £2m payout

 

Tesco's former chief executive and finance director will together share a £2.2m payout after the supermarket chain said it was "contractually committed" to make the payments.

 

 

 

_80757912_80757082.jpgS&P pays $1.4bn in sub-prime case

 

Credit rating agency Standard & Poor's (S&P) agrees to pay $1.38bn settlement to US regulators over allegations it knowingly inflated its ratings of risky mortgage investments.

 

 

 

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.

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Greece's rock-star finance minister defies ECB's drachma threats

 

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'I will tell Mr Schäuble that we may be a Left-wing riff-raff but he can count on our Syriza movement to clear away Greece’s cartels and oligarchies,' says Yanis Varoufakis

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It's time to cut crisis-era red tape, says EC financial leader

 

The man governing finance in the European Commission says the sector needs to be seen as part of the mainstream economy

26 Comments

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Tesco u-turn on £2.1m pay for former bosses

 

Retailer says no legal basis for withholding payments to Philip Clarke and Laurie McIlwee

72 Comments

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German bond yields sink below Japan’s as euro bloc suffers ‘Japanisation’

 

A grim economic outlook has sent the yields paid on German bonds hurtling below their Japanese equivalents for the first time in history

132 Comments

RBS, Barclays and Lloyds downgraded over fears government will not help them in next crisis

 

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S&P says new EU law will make it less likely the UK government will help banks that get into trouble

1 Comment

 

Paddington Bear helps British film industry to a record year

 

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National Express pushes into Germany with Nuremberg win

 

The FTSE 250 company will run S-Bahn services after winning another contract in Europe's largest rail market

9 Comments

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BP profits slump as low oil price bites but dividend maintained

 

UK oil giant said that underlying profit for the fourth quarter fell by $600m and warned of the "new reality of lower prices"

17 Comments

 

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UK becomes world's most lucrative market for Spain's Santander after housing rally

 

Bank says IPO of British arm remains 'medium-term objective' but considers restructuring

10 Comments

Ocado makes first annual profit in 15 years

 

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Online grocery retailer Ocado has reported an annual pre-tax profit for the first time ever since it was founded

 

Obama's corporate cash grab signals 'start of a wider assault on capital'

 

The truth about Greek debt is far more nuanced than either side would have you believe

 

Germany will have to yield in dangerous game of chicken with Greece

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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S.&.P. Announces $1.37 Billion Settlement With Prosecutors

 

By BEN PROTESS 12 minutes ago

 

Standard & Poor’s, accused of inflating its ratings of mortgage investments that spurred the 2008 financial crisis, also signed a statement that outlined its role in the crisis, but did not admit to wrongdoing.

 

DealBook

 

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The Heated Path Toward S.&P.’s Settlement

 

By BEN PROTESS

 

An overflow crowd of government regulators spent a day last month ticking off their demands before eventually negotiating a $1.37 billion settlement of an array of lawsuits against S.&P.

 

 

 

DealBook

 

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Staples Is Said to Be in Talks to Buy Office Depot

 

By MICHAEL J. DE LA MERCED and DAVID GELLES 1:23 PM ET

 

Pressure for the combination has come from the activist hedge fund Starboard Value, which has called on both companies to merge to better compete against the likes of Walmart and Amazon.

 

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G.M. Victim Compensation Program Seems on Track

 

By HILARY STOUT

 

No payment offers have been rejected so far in the automaker’s effort to avoid the image-damaging litigation over defective ignition switches.

 

DealBook

 

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Slump in Oil Prices Brings Pressure, and Investment Opportunity

 

By MICHAEL CORKERY and PETER EAVIS 12:31 PM ET

 

Scores of debt-laden oil companies face struggles that could lead to layoffs and losses for banks and investors. At the same time, new fortunes stand to be made.

 

 

 

04GRID-thumbStandard.jpg

Smart Sensors for Power Grid Could Ease Disruptions

 

By DIANE CARDWELL

 

Utilities are experimenting with new systems that can monitor the flow of electricity and pinpoint failures more quickly, perhaps even avoiding them.

 

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Fiat Chrysler Profit in U.S. Fell in 2014 on Charges Tied to Merger

 

By BILL VLASIC 1:22 PM ET

 

Worldwide sales increased 15 percent to 2.8 million vehicles, and market share in the United States rose to 12.4 percent, up from 11.4 percent.

 

Auto Sales Remained Strong in January

 

By AARON M. KESSLER 12:23 PM ET

 

The broad gains — which included double-digit increases by several automakers — came in a month that is traditionally slow for American dealerships.

 

Arbitrator Clears Way for Gender Bias Case Against Sterling Jewelers

 

By SUSAN ANTILLA 10 minutes ago

 

The arbitrator, Kathleen Roberts, ruled that current and former Sterling employees may pursue a claim challenging the jeweler’s promotion and pay 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.

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Share on other sites

Greek government optimistic after debt talks in Germany and Brussels

 

 

Rolling coverage as Greek finance chief Yanis Varoufakis meets Mario Draghi in Frankfurt

 

Greek government optimistic after debt talks in Germany and Brussels

 

 

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

Exclusive - Shareholders may get more cash back later in 2015: GM CFO | btn_rel_video.gif

 

Aerospace & Defence 7:59pm GMT

 

Staples agrees to buy Office Depot, FTC approval seen likely

 

Tech, 7:56pm GMT

 

GlaxoSmithKline sees better signs for lung drugs after tough 2014 | btn_rel_video.gif

 

7:50pm GMT

 

BT finalises deal to buy EE - source

 

Tech, UK 7:48pm GMT

 

Greece's Tsipras says confident of a deal on debt

 

World 7:39pm GMT

 

Greece seeks ECB funds, Germany rejects austerity roll-back | btn_rel_video.gif

 

7:38pm GMT

 

Greek finmin confident Germany will 'show solidarity'

 

7:38pm GMT

 

Greece wants to put proposed solutions on table at end of May

 

7:37pm GMT

 

Shell and union to talk on day four of U.S. refineries strike

 

7:27pm GMT

 

Petrobras management quits, race on to find replacements | btn_rel_video.gif

 

6:50pm GMT

 

Dollar rebounds after slide, oil slumps 7 pct

 

FXpert 6:41pm GMT

 

Oil snaps four-day rally; glut back in focus with U.S. crude builds

 

FXpert 6:20pm GMT

 

EU's Schulz warns Greece risks national bankruptcy-newspaper

 

6:09pm GMT

 

G20 meeting to focus on Europe economy: Canada finance minister

 

G20 6:04pm GMT

 

Rosneft's 2015 budget based on $50 per barrel oil price - CEO

 

FXpert 6:00pm GMT

 

EU states in preliminary deal on regulating market benchmarks - diplomats

 

5:57pm GMT

 

Hedge fund Harness, run by ex-Fortress exec Peress, lost 8.8 percent in January

 

5:54pm GMT

 

European car sales to grow 2.1 percent in 2015 - carmakers group

 

5:52pm GMT

 

Ex-Merrill Lynch executive tries to make Focus Financial household name

 

5:45pm GMT

 

Greece says finance minister held initial talks with IMF official

 

IMF 5:45pm GMT

 

Greece sells 812.5 million euros of six-month T-bills, yield jumps

 

5:45pm GMT

 

Greek minister says believes he can count on ECB

 

5:45pm GMT

 

Greek finance minister met IMF officials over weekend - source

 

IMF 5:45pm GMT

 

IMF says it is not in discussions with Greece about debt

 

IMF 5:45pm GMT

 

ECB set to back further liquidity assistance for Greek banks - paper

 

5:45pm GMT

 

Greece's Tsipras confident on deal, Hollande says commitments binding

 

5:45pm GMT

 

U.S. services sector growth accelerates in Jan but new business at record low - Markit

 

5:44pm GMT

 

U.S. housing regulator downbeat on principal reductions

 

5:43pm GMT

 

Sony trims loss forecast after strong third-quarter on higher sensor sales | btn_rel_video.gif

 

Tech, Japan, 5:42pm GMT

 

Global business activity picked up in January - PMI

 

5:36pm GMT

 

Diverging earnings forecasts signal bumpier road ahead for stocks

 

5:33pm GMT

 

FTSE hindered by Hargreaves and oil stocks

 

FXpert 5:11pm GMT

 

Price-cutting European firms enjoy buoyant January | btn_rel_video.gif

 

5:10pm GMT

 

Near one-in-three chance euro hits parity with dollar this year - Reuters poll

 

5:02pm GMT

 

GSK sells stake in Denmark's Genmab

 

4:32pm GMT

 

General Motors reports higher-than-expected profit despite recall costs | btn_rel_video.gif

 

4:31pm GMT

 

Exclusive - Cinven tests appetite for $2.6 billion drug firm AMCo: sources

 

4:05pm GMT

 

Lockheed CTO Ray Johnson retires

 

4:01pm GMT

 

Petrobras executives Elek and Dutra to keep jobs - source

 

4:00pm GMT

 

German officials to 'cool off' before switching to business jobs

 

3:40pm GMT

 

Fed pushing ahead with regulation relief for small banks - Powell

 

3:33pm GMT

 

Exclusive: Total preparing for sale or listing of 4 billion euros rubber unit Hutchinson - sources

 

3:16pm GMT

 

EU watchdog gives forex futures breather from clearing

 

FXpert 2:59pm GMT

 

GSK gives roadmap for potential 2016 listing of HIV drugs business

 

2:16pm GMT

 

Enel CEO says will seize market windows for more bond buybacks

 

2:13pm GMT

 

Woodford says mutual fund's active share is 81 percent

 

2:08pm GMT

 

Merck says hepatitis C drugs to lose breakthrough status

 

1:30pm GMT

 

Exclusive - Rosneft raising money from Swiss trader as debt payment looms

 

1:18pm GMT

 

China cuts bank reserve requirement to spur growth | btn_rel_video.gif

 

1:11pm GMT

 

UK traders should pass exam, bank lobby group says

 

UK, 12:56pm GMT

 

Eurogroup talks with Greece will be difficult - EU's Tusk

 

12:25pm GMT

 

EU watchdog to aid insurers' infrastructure investment

 

12:16pm GMT

 

ICAP fined 14.9 million euros by EU regulators over yen cartels

 

12:13pm GMT

 

Hargreaves shares fall as profits lag forecast, fund flows slow

 

11:54am GMT

 

British business surges in January, boding well for growth

 

11:43am GMT

 

Goldman advising Ireland for free to boost reputation - finance minister

 

11:39am GMT

 

China's central bank cuts reserve requirement ratio

 

11:28am GMT

 

Strong British and German demand boost maiden Sky results

 

11:24am GMT

 

Private equity firm PAI buys AS Adventure for 400 million euros

 

11:17am GMT

 

Euro zone private sector grows at fastest rate in six months in January - PMI

 

10:57am GMT

 

Euro zone Christmas shopping nears eight-year high in December

 

10:57am GMT

 

Wizz Air resurrects London share listing plan

 

Aerospace & Defence 10:48am GMT

 

Analysis - Sanctions hurt Russia, but still far from changing minds

 

10:38am GMT

 

India central bank chief says banks not at risk of crisis - Bloomberg TV

 

10:35am GMT

 

UK hire group HSS shares fall on debut after low-end pricing

 

10:20am GMT

 

Greek Finance Minister says had fruitful talks with ECB's Draghi

 

10:16am GMT

 

Greek finance minister vows no more deficits, in German paper

 

9:41am GMT

 

Greek PM gets handholding welcome from EU chief

 

9:15am GMT

 

ECB's Weidmann says dangerous deflation unlikely - magazine

 

9:07am GMT

 

U.S. buyout firm CD&R cuts stake in UK's B&M

 

UK, 8:01am GMT

 

Sky Deutschland says adds record new subscribers in second quarter

 

7:58am GMT

 

BOJ in bind as oil slump makes for slippery price goal

 

Japan 7:12am GMT

 

Toyota lifts profit outlook as weak yen offsets Japan slump

 

7:03am GMT

 

Irish services sector keeps up rapid expansion in January - PMI

 

6:03am GMT

 

AIA, Pru among bidders for DBS's $1.5 billion distribution deal - sources

 

5:28am GMT

 

Tough talk from Shell, union as U.S. refinery pay talks resume

 

3:03am GMT

 

For striking U.S. refinery workers, Shell shows a new face

 

3:01am GMT

 

China January HSBC services PMI at six-month low, more stimulus expected

 

1:51am GMT

 

Yahoo to spin off Small Business unit with Alibaba stake

 

Tech, 12:41am GMT

 

Ruling on BP fine over 2010 U.S. oil spill months away - lawyers

 

12:25am GMT

 

U.S. regulators mull legal action against BP on rules violations - company

 

12:24am GMT

 

UK retailers report record fall in food prices in January - BRC

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

Tesco to pay ousted boss Phil Clarke £1.22m – despite profits hole

 

Tesco suffered a humiliating blow yesterday as it was forced to pay more than £2m to its former chief executive and finance director, who left before the discovery of a £263m black hole in its profits.

 

 

BP expects several years of low oil prices and investment cuts

 

 

 

 

Latest Tory plan means ‘toughest austerity in the West’

 

 

 

 

UK services firms on the hunt for new staff

 

 

 

 

Bitcoin will be hit by halving in value of its transactions

 

 

 

 

Wizz Air leads new rush for flotation in London

 

 

 

 

City Roundup: Will Sky finish top for Premier League rights?

 

 

 

 

Glaxo hit by US sales decline as profits halve

 

 

 

 

Icap hit with €15m fine by EC over Libor-fixing scandal

 

 

 

 

Sony shrugs off hack attack as it trims full-year loss forecast to $1.4bn

 

 

 

James Moore: Tesco's golden goodbyes leave the firm with yet more egg on its face

 

Outlook Did you know that you have 29 options for buying eggs from Tesco? Grade, size, colour (brown/white) or number in the box, it doesn’t matter much if the egg is all over your face. Like it is over Tesco’s. Again.

 

 

James Moore: Rupert Murdoch's off the hook as Wall Street moves on

 

 

 

 

James Moore: Icap fights back at EU, but at what cost?

 

 

 

 

James Moore: Never mind buses, state ownership is what our railways require

 

 

 

 

Hedge funds - stop your sobbing and try to make a difference

 

 

 

 

The man from Puma walks the green talk. But now he'll have to run it

 

 

 

 

Mark Leftly: Can we outsource guns'n'ammo? We're still waiting for an answer

 

 

 

 

James Moore: Morrisons could do without help from Tesco's old hands

 

 

 

 

James Moore: Once Apple's numbers are crunched, there's really not a lot to celebrate

 

 

 

 

James Moore: Peppa Pig on the big screen? Time to take cover

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

City Link staff not told about administration to 'protect business'

 

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Administrator to collapsed City Link tells MPs that he feared "utter chaos" if staff were told of insolvency before Christmas

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UK spending squeeze to be harder than any advanced economy: IFS

 

Think tank says UK's fiscal consolidation over the next parliament will be largest out of 32 advanced economies, including austerity-hit Greece and Portugal

157 Comments

 

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Vodafone ends campaign to break up BT

 

Mobile operator to focus on lobbying as it races to enter the broadband market

1 Comment

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'I'm the finance minister of a bankrupt country'

 

Ahead of crunch talks with his German counterpart, Greece's new 'rock-star' minister says he has already opened talks about a debt deal with the IMF

311 Comments

 

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Aldi to open 70 more UK stores and recruit almost 5,000 staff

 

Discount retailer continues assault on Britain's grocery market with store opening and recruitment programme

21 Comments

 

Starbucks posts first ever pre-tax profit in the UK

 

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The coffee chain, which has previously been at the centre of the tax avoidance debate, recorded profits of just over £1m in 2014

3 Comments

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UK customers flock to Sky at fastest rate in nine years

 

Broadcaster attracts 204,000 new UK customers in the second quarter, the highest number since 2005

55 Comments

 

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Formula One technology to be used in jet engines

 

Industry and government back plans to put Formula 1 technology in jet engines and see planes taxi without using their engines

31 Comments

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Handelsbanken grows 33pc in Britain as overall profits hit a record high

 

Despite slower end to the year, the Swedish bank made more than £1.5bn in 2014

Comment

Wizz Air revives float plans

 

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Hungarian-based budget airline resurrects listing plans after scrapping an IPO last year amid market volatility

 

This is the most important financial market in the world right now

 

Balls' latest gaffe speaks to a wider truth - Labour has no support in business

 

Ocado is no Alibaba - but that’s the point

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

Staples to Buy Office Depot for $6.3 Billion

 

By DAVID GELLES 22 minutes ago

 

The deal to unite the two biggest providers of office supplies is likely to face antitrust scrutiny — regulators shot down a similar deal in 1997, but the competitive landscape has since changed.

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Charlie Mahoney for The New York Times

 

 

Small Business

 

Betting on the Growth of Microbreweries

 

By IAN MOUNT

 

Differing views on the growth of craft beer may determine its future. Above, Dan Kenary, a co-founder of Boston-based Harpoon Brewery.

 

 

 

 

 

 

 

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In Net Neutrality Plan, F.C.C. Chief Sees Internet Service Regulated as Public Utility

 

By STEVE LOHR 11:47 AM ET

 

The proposal would create legal authority to ensure that no content is blocked and that the Internet is not divided into pay-to-play fast lanes for Internet and media companies.

 

05motors-web1-thumbStandard.jpg

G.M. Reports $2.8 Billion Profit in 2014

 

By BILL VLASIC

 

The automaker’s workers will receive profit-sharing payouts of $9,000 each, after the company opted not to factor in recall costs.

 

 

 

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China Moves to Free Up Money in Its Economy

 

By KEITH BRADSHER 9:45 AM ET

 

A half-percentage-point cut in the reserve requirement for banks has the country’s central bank joining those taking measures to support growth.

 

China to Crack Down on Tax Collection From Multinational Companies

 

By KEITH BRADSHER 12:06 PM ET

 

The tax agency said it would be looking at how companies moved money and allocated costs among Chinese operations and overseas businesses.

 

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Tsipras Is Optimistic for a Solution to Bailout Terms for Greece

 

By JACK EWING and JAMES KANTER 11:03 AM ET

 

Prime Minister Alexis Tsipras and his finance minister have embarked on a whirlwind trip through Europe to build support for an anti-austerity plan.

 

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When Company Is Fined, Taxpayers Often Share Bill

 

By PATRICIA COHEN

 

Companies can often reduce punitive damages through a tax loophole that permits them to deduct such payments as an ordinary business expense.

 

 

DealBook

 

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S.&P. Settlement Leaves Future Unclear for Ratings

 

By BEN PROTESS and NATHANIEL POPPER

 

In the wake of the financial crisis, when rating agencies were blamed for feeding a subprime mortgage frenzy, Congress used the Dodd-Frank Act to adopt a battery of changes for the rating industry.

 

 

 

 

 

Earnings Reports

 

 

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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