E.ON sells US unit for $6.7bn April 28, 2010 Germany’s E.ON, the world’s largest utility by sales, agreed to sell its Kentucky-based unit to US rival PPL for $6.7bn (£4.4bn) in cash yesterday, as the US utility refocuses on steadier, regulated operations. PPL will pick up Kentucky’s two largest utilities – Louisville Gas & Electric Co and Kentucky Utilities – in the deal. They [...]
WHAT THE OTHER PAPERS SAY THIS MORNING April 28, 2010 FINANCIAL TIMES GOLDMAN PRESSED FOR CDO LOSS SETTLEMENT Goldman Sachs is in talks over a potential settlement with an investor that claims that it lost money and went out of business after buying into a $1bn (€760,000) mortgage-backed security that was later privately criticised by a senior executive at the bank. Basis Yield Alpha Fund, [...]
Fulop eyes top-four place April 28, 2010 MARTON Fulop has set his sights on the Champions League after completing a controversial loan switch to Manchester City. Fulop, 26, has joined from Sunderland after City successfully pleaded with the Premier League to make the emergency move. And the Hungary international could go straight into the team on Saturday when the Blues meet Aston [...]
Bopara stakes his claim as England rally April 28, 2010 RAVI BOPARA took his chance to impress the selectors with a magnificent knock as England opened their ICC World Twenty20 campaign with a seven-wicket warm-up win over Bangladesh at the Kensington Oval. Essex batsman Bopara got the nod to bat at three in the absence of Kevin Pietersen and smashed 62 off 48 balls as [...]
Ennis: I can wait for world records April 28, 2010 WORLD champion Jessica Ennis insists she is thinking about herself and herself alone as she prepares to make her long-awaited outdoor return next month. The 24-year-old has enjoyed a golden start to 2010, claiming the world indoor pentathlon title in March to add to the world heptathlon crown she won last summer. Ennis is now [...]
Nasdaq OMX to shut Euro trading arm April 28, 2010 NASDAQ OMX will close its European multi-lateral trading platform, Neuro, next month after the exchange group cited weak prospects for the business due to a competitive market. The move comes just 18 months after Nasdaq launched the European arm and said that an additional problem with the system was that it wasn’t owned by a [...]
Bank of America appoints Holliday as new chairman April 28, 2010 BANK of America Merrill Lynch (BoA) appointed Charles Holliday as its new chairman yesterday after the bank’s annual general meeting. Holliday, who has served as a director since September last year, will take over from Walter Massey, who retired from the board after reaching the bank’s mandatory retirement age of 72. Prior to joining BoA, [...]
Ryan favourite to lead Warriors after coach Ruddock walks away April 28, 2010 FORMER Gloucester coach Dean Ryan is the red-hot favourite to succeed Mike Ruddock as director of rugby at relegated Worcester. Ryan, 43, has spent a season out of the Premiership gaze after leaving Gloucester by mutual consent last June. But the former England No8 is believed to be top of the Warriors’ wanted list after [...]
GARTMORE FUND MANAGER BACK AT WORK April 28, 2010 GUILLAUME Rambourg, the star Gartmore fund manager suspended last month, has been allowed to return to work, sending its shares up 15.5 per cent to 164p. He had been suspended for allegedly breaking the firm’s strict rules on “directing shares”. Rambourg will not return as a fund manager, he will take up a lesser role [...]
HP enters smartphone market after buying Palm for $1.2bn April 28, 2010 HEWLETT-PACKARD (HP) has struck a $1.2bn (£789m) deal to buy Palm, offering a 23 per cent premium to expand into the smartphone market. The news comes after rising speculation on who would buy Palm, which once dominated the market but recently has been overshadowed by Apple iPhone, Research in Motion’s BlackBerry and phones that use [...]
