McKenzie earns vital win to send Hants through July 18, 2010 BATSMAN Neil McKenzie guided Hampshire to a 45-run win over Sussex and booked them a Friends Provident t20 quarter-final with Warwickshire. McKenzie’s unbeaten 67 helped the home side to 195-5 and earned them the victory they needed to progress to the last eight. Sussex also advanced despite the defeat and will meet Northamptonshire, who claimed [...]
Rossi denied a podium place on comeback July 18, 2010 SIX-TIME champion Valentino Rossi capped a stunning early comeback from injury by claiming fourth place at the German Grand Prix. Exactly six weeks after suffering a broken leg that experts warned would keep him sidelined for months the Italian roared back into action. Yamaha rider Rossi only narrowly missed out on a podium place after [...]
FOOTBALL | IN BRIEF July 18, 2010 Pletikosa set to join Spurs TOTTENHAM manager Harry Redknapp says he is close to finally signing experienced Croatia goalkeeper Stipe Pletikosa. The Spartak Moscow stopper almost joined Spurs last summer before injury scuppered the deal, but Redknapp did not drop his interest altogether. “I might be taking another goalkeeper from Croatia – Pletikosa,” said Redknapp. [...]
WINNERS & LOSERS July 18, 2010 A WEEKEND is a long time in sport, as this lot will attest. But while for some it was a few days to remember, others may wish they had never set foot out of the house. WINNER – PAUL THE OCTOPUS So popular is the psychic cephalopod that his German keepers have snubbed a cash-plus-animals bid [...]
HISTORIC FINANCIAL REFORM BILL PASSED July 15, 2010 US LAWMAKERS last night passed a landmark financial reform bill allowing the broadest overhaul of rules governing America’s largest financial institutions since the 1930s. The Senate approved the bill by a 60 to 39 vote last night and will now send it to President Barack Obama to sign into law next week. The bill, which [...]
Obama’s reforms at a glance July 15, 2010 SYSTEMIC RISK A council of regulators chaired by the secretary of the Treasury would be created to monitor big-picture risks in the financial system. The Financial Stability Oversight Council could identify firms that threaten stability and subject them to tighter oversight by the Federal Reserve. The Fed and the council could break up firms that [...]
Some good bits – but lots of bad stuff July 15, 2010 SO there you are: President Obama has finally got his Wall Street reform bill, a gargantuan, 2,315-page piece of legislation over which politicians and lawyers will argue for years. As we explain on page 1 and below, there is a huge amount of detail in the final version, with rules governing everything from investment banks [...]
US reform bill could have impact on UK July 15, 2010 SWEEPING changes to the US financial regulation landscape could effect the UK, argued lawyers yesterday. While it remains unclear what kind of knock on effect the bill will have on the UK, some London lawyers were last night predicting a flood of financial bodies would move operations from New York to the City. “US banks [...]
WHAT THE OTHER PAPERS SAY THIS MORNING July 15, 2010 FINANCIAL TIMES CREST ADVISERS SHUN £350M HORIZON BID A £350m offer for Crest Nicholson was in jeopardy on Thursday night after advisers to the debt-burdened housebuilder told its lender-owners to reject the bid as too low. A steering committee representing Crest’s creditors, which took control of the housebuilder following a £630m debt-for equity swap last [...]
Goldman pays SEC $550m to kill fraud case July 15, 2010 GOLDMAN SACHS has agreed to pay $550m (£356m) to settle civil fraud charges over how it marketed a subprime mortgage product, ending months of negotiations that rattled the bank’s clients and weighed on its share price. The investment bank has now paid the largest-ever penalty by a Wall Street firm to the Securities and Exchange [...]
