US ECONOMY August 13, 2009 SALES at US retailers unexpectedly fell in July and the number of workers filing new claims for jobless benefits rose last week, indicating the recession-hit economy faces a bumpy recovery. A Commerce Department report yesterday showed total retail sales edged down 0.1 per cent after increasing 0.8 per cent in June, compared with market forecasts [...]
US ECONOMY August 13, 2009 SALES at US retailers unexpectedly fell in July and the number of workers filing new claims for jobless benefits rose last week, indicating the recession-hit economy faces a bumpy recovery. A Commerce Department report yesterday showed total retail sales edged down 0.1 per cent after increasing 0.8 per cent in June, compared with market forecasts [...]
NICE WORK IF YOU CAN GET IT August 13, 2009 STEPHEN Schwarzman, the chief executive of private equity firm Blackstone, was yesterday named as America’s highest-paid boss, taking home $702.4m (£424.m) last year. The vast majority of his pay came from vested shares in 2008 after taking the business public in 2007, according to shareholder rights group Corporate Library.
NICE WORK IF YOU CAN GET IT August 13, 2009 STEPHEN Schwarzman, the chief executive of private equity firm Blackstone, was yesterday named as America’s highest-paid boss, taking home $702.4m (£424.m) last year. The vast majority of his pay came from vested shares in 2008 after taking the business public in 2007, according to shareholder rights group Corporate Library.
Rail strike action called off August 13, 2009 Strikes which had caused misery for tens of thousands of City commuters were called off yesterday, as National Express appeased its unions with an improved pay offer. Aslef, the RMT and TSSA union members had caused chaos on the East Anglia line. Planned walk-outs for later this month are also expected to be called off.
Rail strike action called off August 13, 2009 Strikes which had caused misery for tens of thousands of City commuters were called off yesterday, as National Express appeased its unions with an improved pay offer. Aslef, the RMT and TSSA union members had caused chaos on the East Anglia line. Planned walk-outs for later this month are also expected to be called off.
Rio Tinto eyes $1bn US IPO August 13, 2009 Mining giant Rio Tinto is set to spin-off a slew of its most highly valuable coal mines in an initial public offering, in a bid to raise as much as $1bn (£604m). The firm is expected to list much of its Rio Tinto Energy America arm after filing registration papers with US regulator the Securities [...]
Rio Tinto eyes $1bn US IPO August 13, 2009 Mining giant Rio Tinto is set to spin-off a slew of its most highly valuable coal mines in an initial public offering, in a bid to raise as much as $1bn (£604m). The firm is expected to list much of its Rio Tinto Energy America arm after filing registration papers with US regulator the Securities [...]
Magna makes sweetened bid for GMEurope August 13, 2009 MAGNA, the Canadian car-parts maker hoping to snap up a stake in General Motors’ (GM) European unit Opel, yesterday sweetened its offer for the coveted company, as the protracted bidding process nears its end. US carmaker GM, which is selling off its European arm as part of a massive restructuring, said yesterday it would review [...]
Magna makes sweetened bid for GMEurope August 13, 2009 MAGNA, the Canadian car-parts maker hoping to snap up a stake in General Motors’ (GM) European unit Opel, yesterday sweetened its offer for the coveted company, as the protracted bidding process nears its end. US carmaker GM, which is selling off its European arm as part of a massive restructuring, said yesterday it would review [...]