After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Ashcroft admits he is a non-dom amid growing pressure March 1, 2010 LORD Ashcroft, the Tory deputy chairman and party donor, yesterday bowed to growing pressure and admitted he was a “non-dom” for tax purposes. But he suggested he would soon give up his non-dom status, and pointed at a handful of Labour and Liberal Democrat donors and peers that are in a similar position. Ashcroft, who [...]
Backing for Madoff formula March 1, 2010 A US judge has sided with a trustee’s “money-in, money-out” formula to determine claims for thousands of people swindled by Bernard Madoff, a decision likely to be appealed. Trustee Irving Picard, who is overseeing the liquidation of the now defunct Bernard L. Madoff Investment Securities, says investors’ claims should be based on how much money [...]
UBP hire underscores new model March 1, 2010 Swiss Private bank Union Bancaire Privee has appointed Eftychia Fischer as director general of the bank’s treasury and trading unit as UBP tries to transform it into a major profit centre. Fischer will be responsible for leading and managing treasury operations, and for asset and currency trading, the bank said yesterday. The appointment is part [...]
IRS seeks back taxes from NYSE March 1, 2010 US authorities are looking to collect back taxes from NYSE Euronext after questioning tax benefits the company received from $161m (£107m) of compensation paid to former chief executive Dick Grasso. Grasso resigned from the parent of the New York Stock Exchange in 2003 amid public outrage over the size of his pay package, which topped [...]
House prices on the rise in London boost March 1, 2010 CENTRAL London house prices jumped by 3.2 per cent in February – the strongest surge in almost three years, according to figures released yesterday. Average house prices in central London have risen by almost a fifth in the last 10 months, and are only one per cent below the market peak of March 2008, according [...]
Liberty mulling sale and leaseback of flagship store March 1, 2010 LIBERTY is considering a sale and leaseback of its flagship store in the West End as UK commercial property prices continue to rebound. The company – which is 68 per cent owned by MWB Group – said it has been examining and assessing a range of options and initiatives over the past six month. British [...]
NewRiver seals property joint venture in UK March 1, 2010 PROPERTY investor NewRiver and Morgan Stanley Real Estate Investing have created a joint venture (JV) to acquire UK retail property which has bought its first portfolio for £49m. The NewRiver Retail Investments deal capacity is more than £250m under the JV. Both NewRiver and Morgan Stanley Real Estate Investing have committed equity capital, and the [...]
Metronet failures have cost public £410m, say MPs March 1, 2010 ChairmEn of large listed companies in the UK were warned to justify executive pay packets by one of the country’s biggest fund managers, it emerged yesterday. Aviva’s fund management arm, Aviva Investors, wrote to over 800 firms telling them it expected salaries and bonuses to be “prudent [and] aligned to business strategy and performance over [...]
Aviva warns firms over executive pay March 1, 2010 ChairmEn of large listed companies in the UK were warned to justify executive pay packets by one of the country’s biggest fund managers, it emerged yesterday. Aviva’s fund management arm, Aviva Investors, wrote to over 800 firms telling them it expected salaries and bonuses to be “prudent [and] aligned to business strategy and performance over [...]
CITY VIEWS: DO YOU THINK MORE CHIEF EXECUTIVES WILL DONATE THEIR BONUS TO CHARITY? March 1, 2010 DOUGLAS HELLER | HERBERT SMITH “Hopefully this will be the beginning of a trend but I suspect that if it is, the amount they will donate in the future will start to decrease. They’re doing it to get the government on their side. Less pressure from the public means more support from the government.” DICKIE [...]