HBOS chiefs to be slated for failure
The men who ran HBOS in the lead-up to its collapse face castigation tomorrow in a damning parliamentary report that reveals that the total cost of bailing out the bank rose to close to £30bn, according to people familiar with the report. The findings of investigation into the 2008 failure of HBOS will present a case study of a failed bank with poor governance and weak credit risk controls.
Ambani brothers strike phone deal
The telecoms arms of Indian billionaire brothers Mukesh and Anil Ambani have struck an alliance that provides the clearest evidence yet of a rapprochement in one of Asia’s most high-profile corporate family feuds.
Seinfeld becomes rerun gold
Seinfeld, the television show “about nothing”, is certainly good for something. After the latest round of licensing deals, the sitcom has made $3.1bn in syndication income since it was last aired in 1998.
Whisky exports hit record high
Growing demand for a dram from Tallinn to Taipei pushed Scotch whisky exports to a record £4.27bn last year, equivalent to £135 a second.
Plan to build biggest gas ship
A plan to build the world’s largest liquefied natural gas vessel to process and ship Australia’s abundant offshore reserves to Asia has been outlined by Exxon Mobil and BHP Billiton.
The Daily Telegraph
Cambridge need greater than north
Cambridge, rather than the northern cities of Birmingham and Liverpool, should benefit first from Lord Heseltine’s regional reforms, George Freeman, the coalition's advisor on life sciences, has said.
Germans desire to own their homes
Low mortgage rates and rising rents have prompted Germany, a nation wedded to the rental market, to buy homes.
THE WALL STREET JOURNAL
US new car sales jump
General Motors, Ford, and Chrysler reported their strongest March sales in five years, bolstered by rising consumer confidence amid healthy stock and housing market gains in recent months.
News Corp could sell local US papers
Rupert Murdoch’s News Corp is exploring the sale of its collection of US community newspapers, mainly on the East Coast.