Childcare reform to help parents back to work January 28, 2013 THE GOVERNMENT will today unveil plans to reform the childcare system in an attempt to reduce the financial burden on families and help parents return to the workplace. Education minister Liz Truss will announce that the number of children allowed to be managed by one member of nursery staff will rise from four to six. [...]
Moody’s downgrades six banks January 28, 2013 Moody’s yesterday slashed the ratings of six Canadian banks on worries over rising consumer debt and a housing boom. The Bank of Nova Scotia, Caisse Centrale Desjardins and National Bank of Canada all saw their credit score move down one notch, as did Toronto-Dominion Bank, Bank of Montreal and Canadian Imperial Bank of Commerce. The [...]
Egyptian protestors defy curfew January 28, 2013 Egyptian protesters defied a night-time curfew in restive towns along the Suez Canal, attacking police stations and ignoring emergency rule imposed by Islamist President Mohamed Mursi to end days of clashes that have killed at least 52 people. At least two men died in overnight fighting in the canal city of Port Said in the [...]
US appeals court protects SEC January 28, 2013 Investors who said they lost money in Bernard Madoff’s fraud may not pursue a lawsuit against the US Securities and Exchange Commission (SEC) for missing the swindler’s Ponzi scheme, a federal appeals court said yesterday. The 9th US Circuit Court of Appeals in Pasadena, California said a federal district judge correctly dismissed their lawsuit seeking [...]
Cameron faces HS2 anger from backbenchers January 28, 2013 DAVID Cameron yesterday raised the ire of his own party following the publication of the second half of the HS2 railway route from London to northern England. Most of the Y-shaped railway – which will link London to Leeds and Manchester – will run through Conservative-held constituencies, raising the prospect of a backbench rebellion when [...]
Yahoo stocks lifted by fourth quarter figures January 28, 2013 YAHOO’S shares shot up 4.5 per cent in after hours trading yesterday after the technology giant reported fourth quarter net revenue of $1.22bn (£777m). The figure was up four per cent year-on-year, as an increase in search advertising revenue offset weakness in the web portal’s display ad business. Stocks rose to $21.22 after the bell, [...]
Hundreds join iPhone lawsuit against Google January 28, 2013 HUNDREDS of British iPhone users yesterday piled into a class action lawsuit against Google that claims the company bypassed Apple security measures to track web habits. Law firm Olswang is bringing the case against the web company, claiming that Google illegally installed tracking files – known as cookies – on products that use Apple’s Safari [...]
3i in talks with potential buyer of holding in insurer Hyperion January 28, 2013 PRIVATE equity group 3i is in talks with an unnamed buyer about potentially selling its sizeable shareholding in private insurer Hyperion, sources have told City A.M. 3i has a stake of around 23 per cent in the group, with BP Marsh (13.5 per cent) and Murofo Investments (14.46 per cent stake), the other major institutional [...]
Diesel and hybrid cars to lose congestion charge exemption January 28, 2013 DRIVERS of hybrid cars will be forced to pay the congestion charge if plans under consideration receive the green light, Transport for London (TfL) said yesterday. Owners of some diesel-fuelled cars – as well as hybrids such as the Toyota Prius range – are currently exempt from the £10 fee for driving into central London [...]
Chris Huhne to stand trial next week January 28, 2013 FORMER cabinet member Chris Huhne will go on trial next week over allegations his ex-wife Vicky Pryce took speeding points on his behalf. The leading Lib Dem yesterday pleaded not guilty to perverting the course of justice in a hearing at Southwark Crown Court. The charge relates to an alleged driving offence committed in March [...]
