ATTARA CAPITAL TO LIQUIDATE OPERATIONS
Attara Capital, the hedge fund co-chaired and founded by Nat Rothschild and the successor to the now-defunct activist fund Atticus Capital, is to liquidate its operations. Attara, which is run by David Slager, a former Atticus partner, is shutting as a result of adverse trading conditions and difficulty raising new money from investors, people close to the fund told the Financial Times.
RASPBERRY PI COMPUTERS SELL OUT ON LAUNCH
A £22 mini-computer, aimed at helping children learn programming skills, was sold out within hours of its UK launch yesterday. The Raspberry Pi is a credit card-sized motherboard, sold without a case, which can be connected to a TV, monitor, mouse or keyboard.
FACEBOOK SHOWS OFF ITS NEW MARKETING TOOLS
Facebook pitched a series of new marketing tools to advertisers yesterday, including mobile advertisements and more sophisticated Facebook pages for businesses, as it attempts to increase its appeal to marketers before its launch as a public company in the coming months. The social network’s first big event for advertisers, held in New York, will generate new business not only for itself but also for its range of third-party advertising and marketing intermediaries.
MISS MARPLE GOES TO SOLVE DEBT PROBLEM
Acorn Media, a DVD publisher, struck a deal yesterday to buy 64 per cent of the Agatha Christie canon from the troubled intellectual property group Chorion, which has been selling off assets to repay its debts. The transaction includes ownership of 80 novels and short-story collections, 19 plays and a library of 40 television films.
NEW LOOK LOSES CREATIVE DIRECTOR
The creative director of New Look has left the company, months after it lost its second-in-command. Barbara Horspool is leaving a year after she performed a U-turn by reversing a decision to take a role with Oasis.
The Daily Telegraph
JAMES MURDOCH COULD LOSE JOB AS SKY CHAIRMAN AFTER NEWS INT EXIT
One of BSkyB’s biggest investors has warned that James Murdoch’s exit from News International suggests he will soon also lose his position as chairman of the pay-TV broadcaster. Mr Odey, whose fund Odey Asset Management owns 2.7 per cent of BSkyB, said Wednesday’s move suggested Mr Murdoch was now out of favour in the News Corporation empire.
WORRIED ITALIANS FLOG OFF THEIR SUPERCARS
Wealthy but worried Italians are selling off their Porsches, Ferraris and other luxury cars at a record rate to avoid the scrutiny of tax inspectors.
THE WALL STREET JOURNAL
ARGENTINA MOVES TO SNUB UK GOODS
Argentina’s government asked companies to stop importing products from the UK in the latest escalation of tensions between the countries over the Falkland Islands. Industry Minister Débora Giorgi has called 20 of the nation’s top executives and asked them to replace goods from the UK.
FTC ATTORNEY TO JOIN MICROSOFT
A senior Federal Trade Commission attorney who led several of the agency’s antitrust investigations into Google has been hired by the company’s archrival, Microsoft. Randall Long will take the helm of the software giant’s regulatory affairs department at the end of March.