After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Doha trade deal could hurt US March 1, 2010 The US yesterday defended its position in the eight-year-old Doha round of world trade talks, saying it could not agree to a weak deal because that would damage the World Trade Organization. “We remain convinced that a Doha success can be achieved if all major economies are willing to come to the negotiating table,” the [...]
Baxter buys British rival March 1, 2010 America’s Baxter International yesterdfay said it would pay up to $330m (£219m) to acquire UK-based ApaTech, a privately held maker of biologics products used in orthopedic and dental surgeries. The agreement includes an upfront cash payment by Baxter of $240m, plus potential payments of up to $90m should the company achieve sales milestones. The transaction [...]
Higher taxes needed to cut deficit March 1, 2010 Tax increases and spending cuts will both be needed to spread the burden of bringing down US budget deficits to a sustainable level, House of Representatives Democratic leader Steny Hoyer said yesterday. Hoyer’s remarks frame a debate that is likely to pick up urgency as a bipartisan panel created by President Barack Obama considers ways [...]
Orange joint venture with T-Mobile is on March 1, 2010 ORANGE and T-Mobile were officially given the all clear for their long-mooted merger yesterday. Orange chief executive Tom Alexander will take the helm at the new firm and T-Mobile chief executive Richard Moat will become chief operating officer. The joint venture will be the largest mobile network provider in the UK, with a 37 per [...]
All-girls schools lead to bright businesswomen March 1, 2010 EARLIER this week, I met a new friend for breakfast – an M&A man for some of the biggest media executives. He told me all about his daughters; one will represent the UK at the Olympics, while the other is an accomplished actress. He explained how he had raised them, and two of the things [...]
Victoria Oil & Gas share placing helps fund development work in Cameroon March 1, 2010 VICTORIA Oil & Gas has raised £14m from institutional and private investors through an equity placing at 3.25p per share. The placing will allow the Aim-listed company to complete drilling and testing operations at Logbaba, Cameroon. The funds raised will also be used for further passive seismic spectroscopy and geochemical surveys at the West Med [...]
M&S steps up drive for sustainability March 1, 2010 MARKS & Spencer yesterday unveiled plans to ramp up its eco-credentials by opting for more sustainable ingredients and agreeing a living wage for suppliers in its bid to become the world’s most sustainable retailer by 2015. M&S said its new plan would extend green targets introduced by the company in 2007, helping to make the [...]
BEST OF THE BROKERS March 1, 2010 ROBERT WALTERS Charles Stanley issued a “buy” note on the recruitment giant following signs that having been one of the first sectors to enter the recession, it may be the first to exit. The broker said concerns that the group’s exposure to the finance, accounting and banking sectors have somewhat dissipated ahead of preliminary results [...]
Pearson’s profits up but FT struggles March 1, 2010 PEARSON’S profits shot up 13 per cent in the final quarter of last year and 17 per cent for the full year off the back of a strong performance from its education publishing business. Revenue reached £5.6bn and adjusted operating profit was £858m, giving earnings per share of 65.4p. The results were ahead of analysts’ [...]
JP Morgan Caz retains its lead in adviser rankings March 1, 2010 JP MORGAN Cazenove continues to lead the City’s broker adviser tables, according to the latest rankings from Hemscott. JP Morgan finishes the first quarter of the year with 241 clients, well ahead of Numis Securities which is in second place with 113 clients. Among FTSE 100 clients, JP Morgan Cazenove is again well in front, [...]