Armstrong loses Olympic medal January 17, 2013 CYCLING: Deposed former Tour de France winner Lance Armstrong has been stripped of the bronze medal he won at the 2000 Olympic Games in Sydney. The International Olympic Committee’s move came after the International Cycling Union last year revoked the American’s seven Tour de France titles and banned him for life over allegations of doping.
Alonso most afraid of Hamilton January 17, 2013 FORMULA ONE: Ferrari’s Fernando Alonso believes Britain’s Lewis Hamilton remains his strongest rival, despite Red Bull Sebastian Vettel capturing his third world title last year. “If you ask me who the strongest driver is it’s Hamilton,” said the Spanish two-time world champion. “He was last year and he is this year. I’m sure that with [...]
Nadal names date for comeback January 17, 2013 TENNIS: Former world No1 Rafael Nadal has confirmed that he will make his long-awaited comeback from injury next month at the Chile Open. The 11-time grand slam winner has been out since June, when he suffered tendonitis after his shock defeat to Lukas Rosol at Wimbledon. The Spaniard is set to take part in the [...]
Blue Square Bet Winter Carnival January 17, 2013 IT WAS GOOD to see our exclusive blogger Luke Morris strike on his very first ride of this year’s Blue Square Bet Sprint Series on Restless Bay last week. That victory saw Morris’ price on being the top jockey in the series come in to 9/2 from 5/1. Violet Jordan didn’t pick up any points [...]
Wall street is back January 16, 2013 THE TOP US investment banks defied gloomy market conditions to rack up big jumps in profits last year, fourth quarter results showed yesterday, as central bank support and a renewed focus on cost control breathed new life into the troubled sector. A boom in debt underwriting alongside strong fixed income, currency and commodities client execution [...]
High street in crisis January 16, 2013 BLOCKBUSTER, the DVD, video and games rental chain, yesterday collapsed into administration sending Britain’s high street into further turmoil. Deloitte, which has been hired as administrators, said Blockbuster would continue to trade as it seeks a buyer for all or parts of the business. However, it is inevitable that some of Blockbuster’s vast 528-store estate [...]
Two killed in tragic rush-hour Helicopter crash in Vauxhall January 16, 2013 A HELICOPTER crashed into a crane on top of one of Europe’s tallest residential blocks yesterday, killing two people as it burst into flames and spiralled down into rush-hour traffic in central London. The pilot was named as 50-year-old Captain Pete Barnes, a veteran aviator. Late last night the police confirmed the second victim was [...]
Dimon’s bonus slashed on London Whale losses January 16, 2013 JP MORGAN chief Jamie Dimon’s pay has been halved this year after the bank lost $6.2bn (£3.9bn) on bad derivatives positions built up by the so-called London Whale, the bank revealed yesterday. Last night the bank came to an out of court settlement with the Whale’s former boss Javier Martin-Artajo. The bank declined to comment, [...]
Internet is the new meteorite that extinguished the dinosaurs January 16, 2013 IN the grand scheme of things, the news that JP Morgan’s profits hit a record high, while Goldman Sachs massively smashed expectations, was the most significant business story of the week. Wall Street is back; the US financial system is in much better shape than Britain’s. At the same time, the fact that Jamie Dimon, [...]
BNY assets hit fresh record at $26.7 trillion January 16, 2013 CUSTODIAN bank BNY Mellon saw profits rise strongly in the final three months of 2012, but not by enough to outweigh the effects of weak market conditions which pulled down full year income, the bank revealed yesterday. Profits came in at $2.43bn (£1.52bn) for 2012, down 3.5 per cent on the year. Investment management and [...]
