Toyota electric deal not official May 27, 2010 Electric carmaker Tesla Motors said yesterday it has not struck a formal deal with Japanese carmaker Toyota to develop electric vehicles. The California start-up said in an amended registration statement for its initial public offering that it had “announced an intention to cooperate” with Toyota. Ex-Greek minister in probe
Ex-Greek minister in probe May 27, 2010 A former Greek minister says he was given money by the German electronics giant Siemens. The former Socialist transport minister, Tassos Mantelis, told a parliamentary committee he had accepted the equivalent of €100,000 (£116,000) in 1998. The minister said the money was a “campaign donation”. His statement comes amid an investigation into bribes paid to [...]
Carrie and the girls lose it in Arabia May 27, 2010 Film SEX AND THE CITY 2 Cert: 15 by Leo Bear SORRY ladies, you’re going to be disappointed. It’s two years on from where the first film left off and Carrie and co are older (it shows) but not wiser. Charlotte is tearing her hair out with two under-fives, Samantha is wrestling the menopause, Miranda [...]
Preview: Mirrors May 27, 2010 AH, the mirror. By far the most magnetic item in any room – at least for the ordinary ego. In celebration of that most eye-catching of items, Mayfair’s finest antiques dealer Ronald Phillips is putting on an extraordinary exhibition of rare looking glasses, some of them used by what were once the world’s most famous [...]
Canada banks profits up but still disappoint May 27, 2010 PROFITS at three big Canadian banks rose but came in short of lofty expectations yesterday as trading headwinds, the strong currency and taxes took the shine from improving loan losses. The nation’s largest bank, Royal Bank of Canada, said the stronger Canadian dollar took a big bite out of capital markets and wealth management revenues [...]
Earnings at Israel’s top banks smash market expectations May 27, 2010 NET profits at Israel’s two biggest banks, Leumi and Hapoalim, yesterday beat forecasts in the first quarter as an economic recovery boosted financing income but loan loss provisions were less than expected. Leumi’s net profit rose to 596m shekels (£107m) from 429m a year earlier. It had been forecast to earn 552m shekels. Income from [...]
Natixis says it needs no fresh capital injection May 27, 2010 FRENCH investment bank Natixis, which recently returned to profit after the financial crisis, does not need to raise capital to comply with Basel III solvency rules, its chief executive said yesterday. “Internal studies allow us to conclude that we do not need to raise capital,” Laurent Mignon told a shareholders’ meeting when asked about the [...]
Karstadt to extend deadline for offers May 27, 2010 A DECISION about the future of insolvent German department store chain Karstadt could take longer than expected due to a lack of suitable offers, the insolvency administration said yesterday. “The creditors committee so far has not seen an offer that is ready for a decision,” a spokesman for insolvency administrator Klaus Hubert Goerg said. This [...]
Sarah Burton is named as Alexander McQueen’s successor as creative head May 27, 2010 THE fashion house Alexander McQueen has appointed in-house designer Sarah Burton to succeed its eponymous founder and star designer, who committed suicide in February. Yesterday’s move ends months of speculation about the future artistic direction of the fashion company whose sales have boomed since the designer’s death. When Alexander McQueen’s final collection, inspired by painting’s [...]
BEST OF THE BROKERS May 27, 2010 SIGNET JEWELERS Standard & Poor’s (S&P) Equity Research has downgraded its rating on Signet Jewelers from “strong buy” to “hold” and said the jeweler continues to shine but there are few short-term catalysts. S&P said that for the shares to move higher, new store roll-outs or a resumption of shareholder payouts would be needed. DOMINO’S [...]
