Prior inclusion makes sense January 19, 2011 STEVEN DAVIES is an extremely talented cricketer, one with a bright international future ahead of him, but the strength in depth of this England unit is such that he can have no complaints at missing out on a World Cup place to Matt Prior. Davies has been given the opportunities to shine against Australia in [...]
Floods dampen BHP coal output January 19, 2011 BHP Billiton, the world’s biggest mining company, said its coal production tumbled 30 per cent this quarter compared to the previous three months, after catastrophic flooding in Australia badly hit output. The London-listed group said its coal output faces long-term disruption, echoing a similar warning from Rio Tinto earlier in the week. BHP’s iron ore [...]
Aviva loses its European chief January 19, 2011 Insurer Aviva is replacing its head of Europe for the second time in 18 months, after Andrea Moneta left the firm. Britain’s second-biggest insurer by market value said Moneta, the former chief financial officer at Italy’s UniCredit Group and ECB employee, would leave the company at the end of February. Igal Mayer has been appointed [...]
Cosmos role for Cantona January 19, 2011 FOOTBALL: Former Manchester United great Eric Cantona has been named director of soccer at American side New York Cosmos despite the club not currently having a team or a stadium. Cantona, 44, said: “It’s a wonderful project. It’s kind of a mix between football and art.”
Kauto Star suffers infection January 19, 2011 HORSE RACING: Kauto Star, the beaten King George VI Chase favourite, has a “low-grade infection” trainer Paul Nicholls has revealed. Tests after Saturday’s shock defeat had revealed “signs of inflammation” Nicholls said on Twitter, adding that “antibiotics and a few easy days” was the prescribed treatment.
Ajmal signs for Worcestershire January 19, 2011 CRICKET: Worcestershire have confirmed Pakistan spinner Saeed Ajmal, 33, as their overseas player for the second half of the 2011 season.
UK sales help eBay results top forecasts January 19, 2011 ONLINE retailer eBay beat Wall Street estimates during Christmas trading, posting a five per cent rise in quarterly revenue to $2.495bn (£1.56bn). Net revenue dropped 59 per cent year on year to $559.2m, the firm said yesterday, following massive gains from selling internet phone service Skype in the same quarter last year. Underlying earnings rose [...]
EU suspends carbon market January 19, 2011 The European Union froze spot trade in its carbon market for a week yesterday – the longest period in its history – after a security breach, seeking to protect the battered reputation of the EU’s main weapon against climate change. The US, Japan and Australia have all delayed implementing similar cap and trade schemes, and [...]
Paulson eyes up Taylor Wimpey’s US business January 19, 2011 HOUSEBUILDER Taylor Wimpey has received at least three bids for its North American assets, which could be worth about £600m, according to reports last night. Hedge fund billionaire John Paulson’s Rain Tree Investment, Barry Sternlicht’s Starwood Capital Group and a private US homebuilder have submitted bids for Taylor Morrison, the firm’s arm in North America. [...]
New Castle trader Chiesi pleads guilty January 19, 2011 A FORMER hedge fund trader pleaded guilty to passing inside information to Galleon Group founder and co-defendant Raj Rajaratnam in a New York court yesterday. Danielle Chiesi had been due to stand trial alongside Rajaratnam, who denies any wrongdoing. The former trader at New Castle Funds, which was once part of Bear Sterns, was accused [...]
