England athletes get go-ahead for Indian Games April 28, 2010 ENGLISH athletes have been given the green light to travel to India for the Commonwealth Games in October despite fears over security. It had been suggested the England team may pull out of the Games following fresh concerns of terrorist activity after 15 people were injured in bomb blasts before an Indian Premier League match [...]
UKFI votes for RBS bonuses April 28, 2010 THE governing body responsible for overseeing the taxpayer’s stake in Royal Bank of Scotland has voted overwhelmingly in favour of the banks’s new remuneration structure. The bank agreed to toughen up its bonus criteria after it came in for fierce criticism for setting the bar too low for lucrative performance-related incentive packages to come into [...]
SPORT | IN BRIEF April 28, 2010 Selby claims O’Sullivan scalp SNOOKER: Three-time champion Ronnie O’Sullivan crashed out of the World Championship last night after Mark Selby fought back to claim an 13-11 victory. Selby was staring defeat in the face at 11-9 down but claimed the last four frames to book a semi-final place at the expense of the world No1. [...]
General Electric chief eyeing growth and dividend increase April 28, 2010 General Electric is returning to “good, solid” earnings growth and plans to raise its dividend “at least” by 2011, chief executive Jeffrey Immelt told investors yesterday. “The clouds are breaking and the forecast ahead of us is promising,” Immelt told the annual meeting of the largest US conglomerate in Houston. The world’s largest maker of [...]
Goldman boss Blankfein says he has not thought about resigning April 28, 2010 Goldman Sachs chief executive Lloyd Blankfein yesterday said he has not thought about resigning amid accusations the firm helped inflate the housing bubble and then made billions off the market’s collapse. Blankfein was asked in an ABC interview aired on Good Morning America whether it had ever crossed his mind to resign. “No it hasn’t”, [...]
Nomura fails to compete with US rivals April 28, 2010 Nomura’s inability to take advantage of an upswing in the US credit market led to modest quarterly profits and raised questions as to just how quickly it can become a global powerhouse. Nomura Holdings posted a fourth straight quarterly profit on the back of recovering stock markets, but Japan’s top broker failed to match the [...]
Hull standing on own two feet April 28, 2010 CASH-STRAPPED Hull City have denied they are to enter into administration as a result of their almost-certain relegation from the Premier League. Tigers chiefs accept the drop into the Championship is inevitable but say there are no plans to enter into any form of insolvency process. Owner Russell Bartlett said: “We will need to reduce [...]
Franklin sees huge investment surge April 28, 2010 Franklin Resources quarterly profit more than tripled as investors put billions of dollars into the money manager’s global portfolios. The company, which manages the popular Franklin Income Fund and Templeton Global Bond Fund, took in $17.4bn (£11.5bn) in new cash during the quarter, significantly more than rivals such as T Rowe Price Group, which pulled [...]
More bad news for Ribery as Bayern star is banned from playing in the final April 28, 2010 BAYERN Munich will have to cope without star turn Franck Ribery in the Champions League final after his ban was increased from one game to three. The Frenchman missed Tuesday’s semi-final second leg in which Bayern eliminated Lyon after receiving a straight red card in the first match. The German club had hoped Uefa would [...]
Kraft boss tops female pay elite April 28, 2010 Irene Rosenfeld of Kraft Foods was the highest paid female executive in 2009 and one of 15 women chief executives on the annual list of the heads of the 500 biggest companies in the US, according to Forbes.com. Rosenfeld, 56, jumped to the top slot by nearly tripling her compensation package to $16.7m (£11m). She [...]
