News Corp boosts compliance teams
News Corp has hired a senior official from the Securities and Exchange Commission and an ex federal prosecutor to lead new compliance units, part of an internal shake-up at the company following the phone-hacking scandal. Gerson Zweifach, the firm’s chief compliance officer, created the framework and will announce five appointments. They include John McCoy, associate regional director of the SEC’s enforcement arm in Los Angeles, and Brian Michael, who worked for the US Attorney’s Office in New York.
JPMorgan in CMBS push
JPMorgan has snapped up three quarters of the first European commercial mortgage bond launched since the financial crisis in a deal that heralds the return of a vital source of funding for the continent’s cash-starved property market.
Eurozone crisis hits ad spending
Global advertising spending is slowing in response to a Eurozone crisis that has cut billions from marketing budgets in the hardest-hit countries and started to affect confidence in other regions, according to a new forecast from ZenithOptimedia.
Defence specialist sets civil course
AgustaWestland is in talks with the government for support that would see the British defence arm of the aerospace group become one of the world’s biggest civil helicopter manufacturing centres.
Knight Frank cashes in on ‘wrong’ side of the river’
The sale of the huge, derelict Battersea Power Station has helped to earn partners at Knight Frank a shared £65 million bonus pot.
The Daily Telegraph
Police probe Labour MP's £500,000
A police investigation into high-profile Labour MP and former minister Keith Vaz discovered that he apparently held hundreds of thousands of pounds in a series of bank accounts.
Fisher being readied to take over from Tucker
Paul Fisher, the Bank of England’s executive director of markets, is being groomed to replace Paul Tucker as the Bank’s deputy governor for financial stability.
THE WALL STREET JOURNAL
Toyota, Honda race back in the US
Auto makers on Tuesday will report new-vehicle sales for September and are expected to show healthy growth. Market researchers predict sales of 1.1m cars and light trucks, a rise of almost 11 per cent.
Nokia seals maps deal with Oracle
Nokia, looking to increase use of its mapping software, will unveil a deal with Oracle intended to give Oracle's stable of customers access to Nokia's growing vault of map data and location services.