After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Fallon named as deputy chair of Tory party September 22, 2010 MICHAEL Fallon, a former government minister under John Major, was last night appointed as the deputy chairman of the Conservative party. He will replace Lord Ashcroft, the peer who resigned from the post earlier this week after publishing a withering critique of the Tory election campaign. Fallon, a well-respected MP who served as a whip [...]
PM said to be relaxed about Cable speech September 22, 2010 DOWNING Street said it was relaxed with Vince Cable’s claim that “capitalism kills competition” yesterday, although it stopped short of saying it agreed with the business secretary. David Cameron’s aides cleared Cable’s speech in advance, but they did not apparently know that his advisers would leak only the most incendiary passages to the press. The [...]
Shining light on a murky regulatory review September 22, 2010 WHEN Vince Cable told the Liberal Democrat conference, “I am shining a harsh light into the murky world of corporate behaviour,” that was his cryptic way of announcing to the nation a comprehensive regulatory review. With potentially far-reaching impact, this rather shadowy proposal deserves more light than Cable gave it in his remarks. The detailed [...]
CITY VIEWS: HAS THE ATTACK ON BUSINESSES GONE TOO FAR? September 22, 2010 CHRIS BUXTON | UBS “Yes, I think it will deter businesses from the UK – which will lead to lower tax receipts for the government anyway. I think it is just a way for the government to win popularity.” LEO MELLIS | MILLER INSURANCE “I have an entrepreneurial spirit and so I am most concerned [...]
Santander to be grilled by Commission September 22, 2010 SPAIN’S Santander will join the UK’s largest banks in facing individual grillings by the government’s independent banking commission when the private phase of the review gets under way next year. The commission’s official consultation launches tomorrow when ex-OFT boss Sir John Vickers, the chairman, publishes an initial “issues paper” setting out its agenda. The two [...]
FSA?doles out more fines in Lehman saga September 22, 2010 THE FINANCIAL Services Authority (FSA) has imposed three more fines relating to Lehman Brothers-backed mortgage products, the watchdog sa id yesterday. Legal outfit Thorntons Law was fined £35,000 for misleading customers about the risks of mortgage-backed securities. Michael Royden, a partner at the Dundee-based firm, was separately fined £10,500. The FSA said the company had [...]
US Tarp boss says he will quit September 22, 2010 HERB Allison, the former investment banker who was the US Treasury Department’s overseer for the bank bailout fund, told staff yesterday he was stepping down as the programme nears an official end. Allison was assistant secretary for financial stability, which put him in charge of the $700bn (£446bn) Troubled Asset Relief Programme (Tarp) set up [...]
Public spending cuts force ?Archial into administration September 22, 2010 BRITISH architectural firm Archial Group called in the administrators yesterday after the taxman rejected a payments deal and in the wake of a slowdown in business due to government spending cuts in the UK. The administrators from PricewaterhouseCoopers would now seek a rapid sale of Archial as a going concern, said the company in a [...]
CANNON PLACE REACHES MILESTONE September 22, 2010 Hines Europe managing director Jay Wyper (l) and Laing O’Rourke chairman and chief executive Ray O’Rourke yesterday celebrated in a topping out ceremony at Cannon Place. The nine-storey development above Cannon Street train station, started in 2007, will house a mix of retail and office space when it opens in 2011.
Blockbuster set to file for bankruptcy September 22, 2010 BLOCKBUSTER is set to file for Chapter 11 bankruptcy as early as today, but the iconic video chain will live to see another day after cutting a debt-for-equity swap with its creditors. Billionaire investor Carl Icahn and other senior bondholders will swap their debt for all of the company’s stock, while providing a $125m (£80m) [...]