FA deny Becks is set for top job January 5, 2011 FOOTBALL: The Football Association last night played down suggestions that David Beckham is being lined up to become the next England manager. “There are no such talks and we have not discussed any potential succession plan at this point,” a statement read.
Barclays wins dismissal of US risky debt suit January 5, 2011 BARCLAYS won the dismissal of a lawsuit brought by US investors seeking to recover losses from the British bank’s alleged failure to disclose and properly account for its real estate exposure. US District Judge Paul Crotty found yesterday an “absence of ample allegations that Barclays did not truly believe” how it valued its subprime and [...]
Klitschko puts Haye on hold January 5, 2011 BOXING: Heavyweight world champion David Haye will have to wait for a fight with Wladimir Klitschko after the Ukrainian rescheduled his shelved bout with Derick Chisora for 30 April. IBF and WBO title holder Klitschko pulled out of a fight with Briton Chisora, 27, in December, citing a back injury.
New York budget crisis January 5, 2011 Democratic governor Andrew Cuomo declared the state of New York in crisis yesterday, proposing solutions championed by Republicans to control the budget deficit, overhaul Medicaid and reform a dysfunctional government. On his fifth day in office, Cuomo pledged not to increase taxes or rely on borrowing to close a $10bn budget deficit.
Murray and Robson crash out January 5, 2011 TENNIS: British duo Andy Murray and Laura Robson crashed out of the Hopman Cup after losing 2-1 to France in Perth. Robson, 16, lost her singles match with Kristina Mladenovic and Murray beat Nicolas Mahut before the French pair won the mixed doubles.
All change at Starbucks January 5, 2011 Starbucks, the world’s biggest coffee chain, unveiled a new logo yesterday that omits its name and the word “coffee”, infuriating loyal customers. The new green logo is essentially Starbucks’ representation of a female siren – a half-human mythical temptress who led sailors to their deaths.
BoA attacks Dodd-Frank Act January 5, 2011 The Federal Reserve’s proposed caps on fees that banks charge merchants for processing debit card transactions are too low and do not allow banks’ to adequately cover their processing expenses, Bank of America consumer bank chief Joe Price said yesterday. The rules are a key part of the Dodd-Frank financial reform act.
AIG’s Taiwan business may sell for $3bn January 5, 2011 AIG has received speculative offers of up to $3bn (£1.9bn) for its Taiwanese arm following a blocked bid of $2.1bn last year, it has told US regulators. In a letter released by the US Securities and Exchange Commission the insurance group revealed that Nan Shan, the third largest life insurance firm in Taiwan, had attracted [...]
Renault ousts execs over espionage claim January 5, 2011 FRENCH carmaker Renault has suspended three executives for suspected industrial espionage thought to be the leaking of company secrets, it admitted yesterday. Three top staff members are believed to have shared confidential information about the new electric vehicles Renault is developing, according to sources close to the situation. The suspended managers, which are understood to [...]
Covered bonds congest market January 5, 2011 A FLOOD of covered bonds for sale on the market has caused indigestion, pushing prices higher. More than €13bn (£11bn) of covered bonds have been sold this week, double the amount of this time last year, according to Dealogic. Covered bonds give the safest form of debt for banks, offering a form of securitisation which [...]
