Sport on TV June 2, 2009 Tennis: French Open, quarter-finals, British Eurosport and BBC Interactive, from 10am Rugby Union: Tour match, British & Irish Lions v Golden Lions, Sky Sports 1, 5.30pm (ko 6.10pm) Cricket: World Twenty20 warm-ups, England v West Indies, Sky Sports 1, 5pm; India v Pakistan, Sky Sports Interactive, 5pm Racing: Fontwell, At The Races, 2.45pm; Ripon, Fairyhouse, [...]
MStanley in race to repay TARP funding June 2, 2009 MORGAN Stanley became the latest Wall Street bank to raise capital in an effort to meet the US government’s criteria for paying back state rescue funds yesterday, announcing that it plans to sell common stock worth $2.2bn (£1.3bn). Ten US banks were told to raise new capital earlier this year, after stress testing by regulators [...]
SUMMER SALES June 2, 2009 Bruce set for Sunderland jobSUNDERLAND are today expected to confirm the appointment of Wigan boss Steve Bruce as manager. Bruce is set to sign a three-year contract thought to be worth £60,000 per week at the Stadium of Light, after the two clubs agreed compensation earlier this week. The former Birmingham manager, who steered Wigan [...]
Pearl gets 500m injection June 2, 2009 Life assurer Pearl Group has reached a deal to cut its £3bn debt mountain and receive a £500m capital injection from acquisitions firm Liberty. The firm could announce as early as today that it has entered a period of exclusivity which will see it take a 60 per cent stake in Pearl.
West loses global dominance June 2, 2009 The Western world will generate less than half of global economic output this year, as China and other emerging nations grab a greater share amid the recession. The US, Canada and Europe will make up 49.4 per cent of the global economy this year, the Centre for Economic and Business Research (CEBR) said.
BBVA offers staff five years off June 2, 2009 Spanish bank BBVA is offering staff up to five years off in a bid to cut costs.The bank hopes some of its 29,954 workers will agree to stay home for five years, while banking nearly a third of their usual salary. They would then have a guaranteed job to return to. Other alternatives are a [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 2, 2009 FINANCIAL TIMESCARLSBERG SEEKS TO EXTEND REACH IN ASIACarlsberg, the Danish brewer, is planning further expansion in Asia to help reduce its substantial exposure to the volatile Russian beer market. “We do see Asia as being a place to expand and invest in,” Jørgen Buhl Rasmussen, chief executive, told the Financial Times in an interview. He [...]
Ferdinand injury hands Cahill shock call June 2, 2009 UNCAPPED Bolton defender Gary Cahill yesterday received a surprise England call-up after Rio Ferdinand was ruled out of Saturday’s clash with Kazakhstan. Manchester United defender Ferdinand will miss the World Cup qualifier in Almaty with a calf injury but is in contention to return for the visit of Andorra on Wednesday. Cahill, 23, has impressed [...]
BP: no final salary scheme June 2, 2009 ENERGY giant BP is to close its final salary pension scheme to new employees from April next year, City A.M. can confirm. The cost of funding BP’s pension obligations has soared since last year, reaching $368m (£222m) in the first quarter of 2009, compared to $246m in the same period of 2008, as the return [...]
Money supply is starting to grow again June 2, 2009 FOR all the much-deserved carnage in Westminster yesterday, the economy is gradually recovering. This doesn’t mean we will enjoy a V-shaped bounce-back: growth, when it returns, will have to contend with massive fiscal tightening to tackle the exploding budget deficit; interest rates will also have to go up, dealing the convalescing housing market a second [...]
