Wozniacki seals 2010 triumph October 28, 2010 TENNIS: Denmark’s Caroline Wozniacki will end the year as world No1 thanks to victory over Francesca Schiavone at the WTA Championships in Doha yesterday. That win against the French Open champion means Wozniacki cannot be caught by No2 Vera Zvonareva until 2011.
Mouchel warns of impact from government’s cuts October 28, 2010 Outsourcing and consulting firm Mouchel yesterday slumped to a full-year loss and warned of an uncertain outlook due to government austerity measures, wiping more than a quarter off its stock market value. Mouchel, which helps the government maintain highways and provides consultancy to local authorities, had already this month warned its full-year results would not [...]
Carlyle buys Syniverse Technologies for $2.6bn October 28, 2010 CARLYLE will buy telecommunications services company Syniverse Technologies for $2.6bn (£1.6bn), the parties said yesterday, the latest in a string of multibillion-dollar deals by the US buyout fund. Carlyle plans to pay $31.00 per share in cash to take the company private, a 30 per cent premium over Syniverse shares’ Wednesday closing price of $23.79. [...]
Debt market revival helps Moody’s profit October 28, 2010 MOODY’S reported a better-than-expected third-quarter profit yesterday and raised its full-year outlook, as a pickup in capital markets activity prompted more bond issuers to seek its ratings. Moody’s earnings were powered by a 43 per cent jump in revenue from rating corporate debt. Moody’s said third-quarter profit rose to $136m (£85.3m), or 58 cents a [...]
Don’t take the Little Pea out of Man United October 28, 2010 MANCHESTER UNITED vs TOTTENHAM TOMORROW, 5.30PM, ESPN JAVIER HERNANDEZ’S late goal against Stoke could be the first of many turning points in the Premier League this season. His first half back header was an unbelievable piece of skill, but the three points were all that mattered for Sir Alex Ferguson and they now have Chelsea [...]
DTZ warns it will post a loss October 28, 2010 REAL estate consultant DTZ warned yesterday it is likely to miss its full-year profit forecasts and post a small loss for the year to April 2011. The FTSE-listed company said sluggish investment levels in the EMEA region pose the biggest problem. DTZ was expected to report a £10m pre-tax profit this year. The business posted [...]
Rugby Estates plans to cash in on the end of the real estate valuation rally October 28, 2010 RUGBY Estates posted a pre-tax profit of £2.38m for the six months to the end of July, while the chairman pledged to sell more of its portfolio as the rally in property value runs out of steam. Rugby, which sold its £37m real estate investment trust to ING in April, said it had also disposed [...]
Motorola in the black for first time in three years October 28, 2010 Motorola made money from its phones for the first time in more than three years in the third quarter, helped by smartphones running Google Android software. Motorola’s total third-quarter profit rose to $109m (£68.4m), or five cents per share, from $12m , or one cent per share, a year earlier. Revenue rose six per cent [...]
General Motors secures deal to repay $2.1bn to US government October 28, 2010 GENERAL Motors said yesterday it had reached a deal with banks for a $5bn (£3.1bn) credit facility and would repay $2.1bn to US taxpayers by buying back preferred shares after its IPO. The announcement of the steps intended to strengthen GM’s balance sheet come just days before bankers are expected to begin a road show [...]
Vale ready to invest record $24bn in 2011 October 28, 2010 BRAZILIAN mining company Vale, the world’s top iron ore producer, will invest a record $24bn (£15.1bn) in 2011 as it diversifies toward pricier metals and profitable fertilisers. Vale’s highly awaited capex budget nearly doubles this year’s outlays and will lay the groundwork for the company to vastly boost output of key products amid soaring demand [...]
