Data shift gives US economy a lift
The US economy will officially become three per cent bigger in July as part of a shake-up that will see government statistics take into account 21st century components such as film royalties and spending on research and development.
Regulator: No more nameless audits
The head of the US audit regulator has made a fresh call for senior auditors to be stripped of their anonymity as details continued to emerge from the KPMG insider trading scandal. James Doty, chairman of the Public Company Accounting Oversight Board, said investors were in favour of ending the secrecy.
Ten companies lined up for sale
Up to half the 21 companies in which the government has a shareholding could be privatised in the next few years, a senior official has said. The forecast comes from Mark Russell, newly appointed head of the Shareholder Executive, who is in charge of this year’s expected sell-off of Royal Mail and the UK stake in Urenco.
SFO’s recruitment policy lambasted
The Serious Fraud Office was red-flagged for potentially breaching the government’s rules on fair and open recruitment twice in three years, The Times has revealed.
Geely blames Manganese managers
Poor management and slow decision-making helped to push the maker of London’s black cabs into administration at the end of last year, the chairman of Geely, Li Shufu, claimed.
The Daily Telegraph
High euro stunts growth: Deripaska
The euro is trading at an inexplicably high rate to the dollar, preventing Eurozone nations from finding growth, says Russian billionaire Oleg Deripaska.
Lloyds puts brakes on F1 venture
Lloyds Banking Group has sold its 25.3 per cent stake in the Marussia Formula One team after it made huge losses and failed to perform on the track. Latest accounts show that in the year ending December 31 2011, it made a net loss of £46.3m.
THE WALL STREET JOURNAL
LOT criticises Boeing over Dreamliner
LOT Polish Airlines, the smallest of eight airlines with grounded Boeing Dreamliners, is dissatisfied by how the aerospace company has handled the disruption, LOT’s chief executive said.
EBay fighting online sales tax bill
EBay is trying to enlist its users in a fight against a national online sales tax bill. The company yesterday said it sent tens of millions of emails urging its active US sellers to push for changes to a bill now before Congress.