Villeneuve’s investment denial July 21, 2010 FORMULA ONE: Jacques Villeneuve has dismissed claims that the son of controversial Libyan leader Muammar Gaddafi is behind the investment of his new F1 team. Villeneuve Racing, run by the Canadian ex-world champion, will attempt to join the F1 starting grid in 2011 after joining forces with Italian-based firm Durango. But Villeneuve, 39, confirmed: “To [...]
Flintoff eyes Champions League July 21, 2010 CRICKET: Andrew Flintoff is targeting to play for the Chennai Super Kings in the Champions League Twenty20 in September. The England all-rounder has been out of action since undergoing knee surgery in August 2009 but is hoping to make his return for Lancashire in the next couple of weeks. Centrally-contracted Kevin Pietersen and Eoin Morgan [...]
Woods is still No1 earner July 21, 2010 GENERAL: Golfer Tiger Woods is the top earner in sport for the seventh year running – even though he lost 10 per cent on last year. According to Sports Illustrated’s SI.com, Woods earned £59.6m ($90.5m), topping the American list ahead of golf rival Phil Mickelson on £40.6m ($61.7m). Tennis star Roger Federer heads the international [...]
MANCINI HOPES TO LAND DONOVAN July 21, 2010 MANCHESTER CITY boss Robert Mancini is looking to add United States’ World Cup star Landon Donovan to his list of star signings. Donovan, 28, is still contracted to Major League Soccer side LA Galaxy and spent a loan spell at Everton last season. Mancini, who has already landed Jerome Boateng, Yaya Toure and David Silva [...]
Morgan Stanley in profit rise July 21, 2010 US bank Morgan Stanley saw a stronger than expected profit in the three months to the end of June. The company made a net profit of $1.4bn (£917m) compared with a loss of $138m in the same period last year. Morgan Stanley said remuneration for staff for the quarter – including the bonus pool – [...]
Sentance again votes for MPC interest rate rise July 21, 2010 MPC member Andrew Sentence was once again a lone voice in calling for a rise in interest rates, according to the minutes of the July meeting. He voted to lift the Bank rate to 0.75 per cent from the record low of 0.5 per cent, at the MPC’s regular meeting to ste rates. The most [...]
BA given approval for transatlantic tie-ups July 21, 2010 BRITISH Airways has been given the green light approval to operate a joint business on transatlantic flights with American Airlines and Iberia. The US Department of Transportation gave the airlines the go ahead. BA and its partners will co-operate commercially on flights to the US, Canada and Mexico from the EU, Switzerland and Norway. BA [...]
Reckitt Benckiser in £2.5bn takeover deal for SSL July 21, 2010 CONSUMER goods group Reckitt Benckiser has agreed to buy Durex condoms and Scholl sandals maker SSL International for £2.5bn ($3.8 billion) to increase its presence in health and personal care. The Anglo-Dutch maker of Nurofen painkillers, Strepsils and Lemsip cold remedies, said SSL shareholders would receive 1,171 pence in cash a share, including the eight [...]
Hedge funds still pulling in billions July 21, 2010 HEDGE funds pulled in $9.5bn (£6.22bn) during the second quarter with nervous investors preferring to send their money to the biggest and best established managers, according to industry tracker Hedge Fund Research Inc. Hedge fund managers have seen flat returns on average as they have battled a volatile market so far this year, but that [...]
BP in deal to sell $7bn of assets July 21, 2010 BP has sealed a deal to sell $7bn (£4.5bn) of assets in the United States, Canada and Egypt to Apache Corporation. The company will sell its Permian Basin operations in Texas and south-east New Mexico and its Western Canadian upstream gas assets. It will also offload its Western Desert business concessions and East Badr El-din [...]
