Police make new phone hacking arrest December 7, 2011 Police have made another arrest in the investigation into illegal phone hacking at Rupert Murdoch’s Sunday tabloid title News of the World. Metropolitan Police said they had arrested the 41-year-old man and were holding him at a south London police station on suspicion of conspiring to intercept voicemail messages and perverting the course of justice. [...]
Police make new phone hacking arrest December 7, 2011 Police have made another arrest in the investigation into illegal phone hacking at Rupert Murdoch’s Sunday tabloid title News of the World. Metropolitan Police said they had arrested the 41-year-old man and were holding him at a south London police station on suspicion of conspiring to intercept voicemail messages and perverting the course of justice. [...]
Ireland cuts growth forecast to 1.3pc December 6, 2011 Ireland’s finance minister has downgraded the country’s growth forecasts for the second time in a month and outlined new tax cuts as he warned that the Eurozone crisis could hurt the country’s recovery from bankruptcy. Michael Noonan cut his outlook for GDP growth to 1.3 per cent from 1.6 per cent, as the risk of [...]
S&P may cut Eurozone rescue fund AAA-rating December 6, 2011 Credit rating agency Standard & Poor’s has fired a second warning shot at the Eurozone in 24 hours, threatening to cut the rating of its bailout fund as European leaders raced to find a political solution to their sovereign debt crisis. German Chancellor Angela Merkel and French President Nicolas Sarkozy want to change EU rules [...]
Bank of America agrees $315m Merrill Lynch settlement December 6, 2011 Bank of America has agreed to pay $315m to settle claims from investors who said they were misled by Merrill Lynch when they bought mortgage-backed securities in the run-up to the financial crisis. The settlement is one of the highest ever agreed against a bank over the mis-selling of the securities, which were shown to [...]
Panel urges legal action in damning Olympus report December 6, 2011 An independent panel has issued a damning report on a $1.7bn (£1.08bn) accounting scandal at Japan’s disgraced Olympus, urging legal action against the executives responsible for the cover-up and the replacement of other board members who knew. The six-man panel of experts found no link with organised crime, however, an outcome that may help the [...]
Eurozone GDP growth stalls in third quarter December 6, 2011 Economic growth across the Eurozone remained stalled in the third quarter of the year at the same level seen since April, the region’s statistics agency has said. GDP Growth was steady at 0.2 per cent, as in the second quarter, Eurostat said. On a year-on-year basis, growth was 1.4 per cent compared with the third [...]
HTC sales fall 30 per cent in a month December 6, 2011 Sales of Taiwanese smartphone maker HTC have dropped 30 per cent in November from a month before, as the world’s No.4 smartphone brand struggled to compete against bigger rivals Apple and Samsung. HTC says its consolidated sales for November fell to T$30.94bn (£654m) from T$38.48bn a year ago and T$44.11bn in October 2011. “It shows [...]
HTC sales fall 30 per cent in a month December 6, 2011 Sales of Taiwanese smartphone maker HTC have dropped 30 per cent in November from a month before, as the world’s No.4 smartphone brand struggled to compete against bigger rivals Apple and Samsung. HTC says its consolidated sales for November fell to T$30.94bn (£654m) from T$38.48bn a year ago and T$44.11bn in October 2011. “It shows [...]
US services growth and factory output slow December 5, 2011 The US economy has shown signs of decelerating in both its critical manufacturing and services sectors with the release of “disappointing” new data. The Institute for Supply Management’s index of service activity pointed to slower growth in November, while new orders for factory goods declined in October for the second straight month, the data shows. [...]