DISMAL MURRAY CRASHES OUT April 14, 2010 BRITISH No1 Andy Murray got his clay-court season off to the worst possible start after crashing out of the Monte Carlo Masters with a humiliating defeat to Philipp Kohlschreiber. Murray, the world No4, made several unforced errors before going down 6-2, 6-1 to the German. “I wasn’t very good today,” Murray admitted. “It was the [...]
Skivington makes Tigers switch April 14, 2010 RUGBY UNION: Leicester Tigers have bolstered their pack for next season by landing England Saxons captain George Skivington from Wasps. The 18st lock made 125 appearances in seven years at Wasps but will make the switch to Welford Road in the summer.
Prudential causes a stir with surprise AIA appointment April 14, 2010 PRUDENTIAL surprised analysts by appointing its UK chief executive to lead the integration of AIA in Asia yesterday, raising questions over the future of its UK operations. Rob Devey, who joined Pru last year, will oversee the assimilation of AIG’s Far Eastern unit after the British insurer’s $35.5bn (£23bn) takeover goes through in the autumn. [...]
Hatton still not got the hunger April 14, 2010 BOXING: Ricky Hatton admits he is no closer to making a decision on when to return to the ring following his crushing defeat by Manny Pacquiao last May. “Until that hunger comes back, that fire in the belly – that is when I will make my decision,” he said.
AIG aircraft unit to shed planes April 14, 2010 The aircraft leasing unit of bailed-out insurer American International Group (AIG) has agreed to sell 53 passenger jets to Australia’s Macquarie Group to raise a much-needed $2bn (£1.29bn) in cash. International Lease Finance (ILFC), a top customer of Boeing and Airbus, said yesterday it was selling the aircraft, mostly 737s and A320s, for below their [...]
England quartet rewarded April 14, 2010 CRICKET: Wicketkeeper Matt Prior has been named among four Englishmen as one of Wisden’s Five Cricketers of the Year. Prior, overlooked by England for the World Twenty20 squad, joins the elite list – inaugurated in 1889 – by fellow Ashes winners Stuart Broad, Graham Onions and Graeme Swann. Australia’s Michael Clarke is also named.
Lehman documents made public April 14, 2010 Undisclosed documents used to contribute to the 2,200-page report on the crash of Lehman Brothers were yesterday made public by US bankruptcy judge James Peck. The report by Anton Valukas, the court appointed examiner, showed that Goldman Sachs, Barclays and DRW Trading of Chicago took over the US futures and options trades of Lehman Brothers [...]
Banks look on as JPMorgan sets the pace April 14, 2010 WALL Street bellwether JPMorgan Chase raced past expectations with a 57 per cent rise in profits yesterday, fuelling hopes that recovery in the US financial sector is entering full swing. The first American bank to report in 2010, JPMorgan said first quarter net income jumped to $3.3bn (£2.1bn), or 74 cents per share, from $2.1bn, [...]
JPMorgan April 14, 2010 JAMIE Dimon’s assertion earlier this month in a 37-page letter to shareholders that JPMorgan weathered the crisis better than most rivals and should not be tarred with the same brush as more troubled institutions, was yesterday proved true. The bank’s first quarter results showing a 57 per cent jump in profit to $3.3bn (£2.1bn), or [...]
Morgan Stanley property fund may lose £3.4bn April 14, 2010 MORGAN Stanley has told investors that its $8.8bn (£5.6bn) real estate fund may lose nearly two-thirds of its money due to bad investments, it is understood. It is thought that the $5.4bn loss would be the biggest in the history of private equity real estate investing. But by mid-2009, the firm had already written down [...]
