After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Young entrepreneurs are hope for the future May 10, 2010 LAST Friday night, I spent the evening in Hatfield House – one of my favourite UK historical sites as Queen Elizabeth I is my hero – with the top entrepreneurs of the University of Hertfordshire, which was shortlisted for the Times Higher Education “Entrepreneurial University of 2009” award. The university, whose chancellor is the Tory [...]
Moody’s slides after SEC notice May 10, 2010 STOCK in the credit ratings agency Moody’s fell sharply last night following news that the business is being probed by Wall Street watchdog the Securities and Exchange Commission (SEC) for possibly misleading regulators three years ago. Moody’s disclosed in a regulatory filing late on Friday that the SEC had warned in a “Wells notice” that [...]
Fannie Mae asks for another $8.4bn bailout after fresh losses May 10, 2010 AMERICAN mortgage finance giant Fannie Mae has asked the US government for a further $8.4bn (£5.6bn) after announcing more big losses. The company, led by chief executive Mike Williams, said it lost $13.1bn in the first quarter of the year as it continues to suffer the effects of the financial crisis. This compares to a [...]
CITY MOVES | WHO’S SWITCHING JOBS May 10, 2010 Conduit Capital Markets The derivatives and securities dealer has hired ex-3i managing partner Bruce Carnegie-Brown as its new non-executive chairman. Carnegie-Brown has been working for 3i since 2007, latterly as managing partner and chairman of the financial services practice. Prior to that, he was chief executive of Marsh, and spent 18 years at JP Morgan, [...]
BOULTON, CAMPBELL IN BUST UP OF THE YEAR May 10, 2010 IF ANY readers were holed up behind a desk yesterday evening without access to a television, it’s time to indulge yourselves with a quick internet search, pronto. Yesterday’s Sky News coverage of Gordon Brown’s resignation as Prime Minister contained one of the best live TV snippets in years, as the channel’s political editor Adam Boulton [...]
CITY EYE May 10, 2010 The view down across the City from the dizzying heights of the Heron Tower, the tallest building in the Square Mile.
BA price-fixing trial collapses May 10, 2010 THE trial of four senior British Airways executives accused of price-fixing with Virgin Atlantic collapsed when prosecuting lawyers said they would not be offering any evidence. Competition watchdog the Office of Fair Trading (OFT), bringing the first such prosecution of allegations of dishonest collusion between the two airlines, had failed to disclose key documents to [...]
Interest rates frozen again May 10, 2010 THE Bank of England today voted to keep interest rates at a record low of 0.5 per cent for the 14th consecutive month. Its quantitative easing programme, which finished in February, was also left unchanged at £200 bn as the Bank remained in wait and see mode. However, economists warn that the UK remains a [...]
Red Knights will not ‘overpay’ for Man Utd May 10, 2010 THE Red Knights consortium has said that it will not pay over the odds for Manchester United. Businessmen led by Keith Harris have expressed an interest in the Premier league runners-up but have now suggested that they will not pay more than £1bn for the club current. They said in a statement: “We have had [...]
BAA passenger numbers fall in ash cloud chaos May 10, 2010 BAA has said that the volcanic ash disruption cut its passenger numbers by more than a fifth last month. The airport operator said passenger traffic in April was down 22.7 per cent on the same month last year. UK airspace was closed for six days in April because of the threat posed by the ash [...]