SPORT IN BRIEF July 16, 2009 Cavendish keeps green jerseyCYCLING: Britain’s Mark Cavendish retained the top sprinter’s green jersey after Nicki Sorensen won yesterday’s 12th stage of the Tour de France.Saxo Bank rider Sorensen claimed his maiden stage win in his 10th year as a professional, while overall leader Rinaldo Nocentini kept hold of the yellow jersey after finishing in the [...]
Google profit fails to excite July 16, 2009 GOOGLE’S quarterly profit beat Wall Street expectations, but the weak economy and slump in advertising spending took a toll on sales growth and the price of its search ads. Shares in Google, led by chief executive Eric Schmidt, fell 3 per cent after the results which exceeded average forecasts but failed to live up to [...]
Walker’s way: evolution, not revolution July 16, 2009 WHENEVER anything goes wrong in British business, governments wheel out the corporate governance experts. Most of the time, this achieves absolutely nothing. Yesterday’s report by Sir David Walker, which is far from revolutionary, will achieve some – but not much – good. There are two main reasons why Walker won’t satisfy the ridiculously high ambitions [...]
Paulson holds his ground July 16, 2009 HANK Paulson, the former US Treasury Secretary, defended his role in pressuring Bank of America (BofA) executives to complete the takeover of Merrill Lynch that saved the investment bank. In a second gruelling day at a hearing over the deal Paulson once again stood firm, stating that allowing BofA to back out of the takeover would [...]
Magnificent Strauss cuts out England middle men July 16, 2009 HERO captain Andrew Strauss insisted his England side were still in the hunt for a match-winning total despite missing out on an opportunity to put the Australians to the sword at Lord’s. The Middlesex opener smashed 22 fours in a magnificent 161no as England ended a rollercoaster opening day of the second Test on 364-6. [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 16, 2009 FINANCIAL TIMES CLARKE WARNS CAMERON NOT TO CHALLENGE ‘PRO-BUSINESS’ STANCEKen Clarke, the outspoken former Conservative chancellor, has warned David Cameron not to translate his “standing up to big business” rhetoric into policies in government. However, the shadow business secretary said he “overwhelmingly approved” of Cameron’s transformation of the Tory party. “So long as Mr Cameron [...]
Swine flu could kill 65,000 in UK July 16, 2009 As many as 65,000 people could die due to swine flu in the UK, according to chief medical officer Sir Liam Donaldson. The government yesterday launched a service allowing patients with the virus to obtain drugs over the phone and internet. In the UK, 29 deaths have now been linked to the disease.
IBM boosts outlook for full-year July 16, 2009 US technology giant IBM surprised markets by sharply raising its full-year earnings forecast yesterday, saying its growing software and services arms have boosted profit margins. Shares of the firm rose over 3 per cent as the optimistic statement boosted hopes of an end to the worst of the technology downturn.
Arcandor restructurer quits July 16, 2009 Bankrupt German retailer Arcandor has been hit by the resignation of its re-structuring officer, who quit accusing the firm’s main shareholder, German private bank Sal. Oppenheim, of failing to provide support. Horst Piepenburg said there is no foundation to the firm’s plans to emerge from bankruptcy.
Autonomy slips on missed forecasts but banks lift FTSE July 16, 2009 UPBEAT results from JP Morgan boosted banks while energy and pharmaceutical stocks also gained, leading Britain’s top share index to close at a one-month high, up for a fourth session yesterday. The index was trading in slightly negative territory in early trade but the JP Morgan results which were announced around mid-session lifted the FTSE [...]
