JP Morgan picks new US exec June 29, 2011 JP Morgan Chase has promoted Jeff Urwin, a former Bear Stearns & Co banker who became co-head of its North American investment banking business, to a new role heading global investment banking industry groups, capital markets and mergers and acquisitions. Urwin is one of only a handful of Bear Stearns executives who stayed on after [...]
Stocks rise in Ferragamo debut June 29, 2011 Shares in the Italian luxury shoemaker Salvatore Ferragamo rose in their first day of trading yesterday, defying expectations for a muted debut. The Florence-based maker of shoes worn by Hollywood stars, such as Audrey Hepburn and Marilyn Monroe, closed last night 10.56 per cent up at €9.95 (£8.90) per share. The firm was the first [...]
Markets rally on promise of Greek rescue June 29, 2011 INVESTORS flooded back into European equities yesterday as expectations that Greece would pass its austerity budget built throughout the day. The Eurostoxx 50 gained 1.89 per cent, the FTSE closed up 1.54 per cent and the Dax rose 1.73 per cent, though all of them dipped after the Greek vote was confirmed, with observers attributing [...]
Settlement to cost Bank of America $8.5bn June 29, 2011 BANK of America (BoA) confirmed that it has settled with mortgage bond investors yesterday, agreeing to pay out $8.5bn to 22 investors who lost money on products they bought before the financial crisis. The bank said that it expects to suffer charges of over $20bn overall, which will push its second-quarter results into the red. However, [...]
Accessories for sartorial success June 29, 2011 Multi-point fold Wear it for: making a speech It’s the trickiest to fold, and is a bit showy for wearing every day, but if you’re getting up in front of people it will add flair. Lay the square flat and fold the corners across and up to overlap each other, forming an arrow shape. Fold up [...]
Tips for looking after your suit June 29, 2011 IF you spend a lot of money on a suit, and even if you don’t spend that much, you want it to last. That much is obvious, but very few men treat their suits with the care and attention they should. Those frayed edges, creases that wont disappear and worn out linings are just as [...]
BRING ON NADAL June 29, 2011 Rampant Murray storms past Lopez and believes he’s got the measure of semi-final opponent Nadal BRITAIN’S Andy Murray believes he can finally conquer his nemesis Rafael Nadal when it matters most after he moved into the Wimbledon semi-final following a second successive faultless Centre Court masterclass. The 24-year-old required a fraction over two hours to [...]
Federer defeat shocks everyone including Tsonga June 29, 2011 SWISS star Roger Federer will remain stuck on six Wimbledon titles for another 12 months after Joe Wilfried-Tsonga staged a remarkable Centre Court comeback from two sets down. Defeat represented the first time Federer had lost a grand slam match from a position of such strength and even Tsonga admitted his 3-6, 6-7 (3/7,) 6-4, [...]
I’ll let you decide my title, says Villas-Boas June 29, 2011 NEW Chelsea manager Andre Villas-Boas attempted to downplay comparisons with his mentor Jose Mourinho by declaring himself modestly as “The Group One”. The 33-year-old was officially unveiled yesterday but their was none of the bravado or showmanship that marked Mourinho’s introduction seven years ago. Villas-Boas, who like the now Real Madrid manager, quit Porto to take [...]
Chelsea’s new charmer is a real breath of fresh air June 29, 2011 AS A MASS of photographers scrambled to get the perfect shot of Chelsea’s new manager, Andre Villas-Boas made the only slip of an otherwise flawless first performance in front of the English press. With the flashbulbs popping around him, the Portuguese attempted to calm the masses by assuring them “we have time”. At just 33 [...]
