After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
British economy is back to 2005 levels November 19, 2009 JUST in case you were in any doubt about the scale of the crisis engulfing Britain’s public finances, yesterday’s official figures demonstrated that the situation is, if anything, worse than even the gloomiest economists had been predicting. Government revenues collapsed by 9.1 per cent year on year in October; they have slumped by a tenth [...]
L&Gready to name chair November 19, 2009 Legal and General will name its next chairman within the next ten days, City A.M. understands. The group is understood to have picked John Stewart, former boss of Woolwich, as its front-running candidate. Sources close to L&G say the candidate has been picked, but must now be vetted by City watchdog the FinancialServices Authority. L&G [...]
WHAT THE OTHER PAPERS SAY THIS MORNING November 19, 2009 FINANCIAL TIMES VODAFONE?VEXED BY VERIZON STANCEThe chief executive of Vodafone yesterday said that the question of dividend payments from Verizon Wireless, its US joint venture, was one of the most pressing items on the company’s agenda. Speaking at a MorganStanley investor conference in Barcelona, Vittorio Colao said: “We need to solve the US situation.” EUROPEAN [...]
Windows 7 selling strongly November 19, 2009 Sales of Microsoft’s Windows 7 are at twice the level of any previous version of the operating system, the company’s chief executive Steve Ballmer said yesterday. Windows 7, launched a month ago, has “already sold twice as many units” than its predecessors after the same initial period, Ballmer told shareholders at the technology giant’s annual [...]
Tesco to tie up with C&W November 19, 2009 Tesco, the UK’s biggest supermarket, is set to spark a price-war in the telecoms sector when it ties up with Cable & Wireless. The new venture will threaten rivals BT, Virgin Media and Carphone Warehouse. The tie-up is forecast to generate £2bn in annual sales and £200m in yearly profits over the medium term.
Royal Mint ramps up gold output November 19, 2009 The Royal Mint has more than quadrupled its production of gold coins in the third quarter after demand for the precious metal increased as investors sought it to hedge currency fluctuations. Output rose to 32,735.8 ounces from 7,500.2 ounces a year before.
BA trustees stick by boss in pension row November 19, 2009 THE trustees of British Airways’ pension scheme have stood by chairman Roger Maynard amid further calls for him to resign and be replaced by an independent figure. A spokesman said the trustees were satisfied there was no conflict of interest in Maynard’s roles as director of investments at BA, director of Spanish carrier Iberia and [...]
Private equity giants enter first stage fight for Matalan November 19, 2009 MATALAN, the discount clothing chain, is believed to have entered the first stage of its sale process as five private-equity titans go head to head in the preliminary bidding process. TPG, Blackstone, Warburg Pincus and BC Partners are all understood to have entered the first round of bidding for the retailer, which has so far [...]
Analysts split over a tie-up between Reckitt and Colgate November 19, 2009 Shares in Reckitt Benckiser were in the spotlight yesterday, with three times the usual daily volume traded, as speculation mounted about a potential multi-million tie-up. Analysts were split as to whether the Cillit Bang maker was eying and merger with Colgate Palmolive, or a potential takeover of Durex maker SSL International. But there was a [...]
Belgian PM to be EU President November 19, 2009 AFTER months of speculation Belgian Prime Minister Herman Van Rompuy was last night named as Europe’s first President, with trade commissioner Lady Ashton recruited to head up the Commission’s foreign policy. Rompuy – who beat former BritishPrime Minister Tony Blair to the feted role – is Belgium’s centre right Prime Minister, and is credited with [...]