Scandal fuels legal cleanup April 19, 2010 THE case being brought against Goldman Sachs by the US securities watchdog will boost Democrat efforts to pass tough new laws against Wall Street, Washington insiders believe. The timing of the Securities and Exchange Commission’s (SEC) fraud allegations is fortuitous for President Barack Obama, who will this week try to force an ambitious finance reform [...]
Wall Street titans fear further action from SEC April 19, 2010 WALL Street’s banking giants fear that the Securities and Exchange Commission (SEC), fresh from hitting Goldman Sachs with a civil fraud charge, may soon move on to other targets. Bank of America Merrill Lynch, Citi and UBS are the three leading players when it comes to issuance of the controversial collateralised debt obligations (CDOs), according [...]
WEE WILLIE BRUSHES UP ON BA’S PR STRATEGY April 19, 2010 THAT pesky cloud of Icelandic volcanic ash may have caused havoc among passengers and crippling losses to airlines, but at least there has been a silver lining for one man. “Wee” Willie Walsh, the chief executive of British Airways, has suffered something of a PR nightmare over the past year amid strikes and crisis-hit revenues, [...]
Champ found hanged after murder rap April 19, 2010 BOXING was mourning the death of one of its most talented champions last night after lightweight king Edwin Valero committed suicide in jail after being detained for killing his wife. The 28-year-old was arrested after police discovered the body of his wife Jennifer Viera in a hotel room in his native Venezuela on Sunday morning. [...]
Pace set for World Cup sales boost April 19, 2010 PACE, the set-top box maker, is expecting a World Cup sales boost as operators role out high-definition TV ahead of the summer football tournament. The UK-based company said sales in the first half of the year will outpeform the second six months as millions tune into the World Cup. However trading for the overall year [...]
Cisco snaps up Tandberg in £2.2bn swoop April 19, 2010 Cisco became the biggest maker of videoconferencing equipment yesterday as its $3.3bn (£2.2bn) acquisition of Tandberg, announced last October, closed. It is already the world’s biggest network equipment maker. The IT networking giant confirmed it has completed a voluntary offer for Tandberg, giving it control of 91 per cent of the company. It began a [...]
Davis is £270K worse off, but a true credit to golf April 19, 2010 THE wonderful thing about the game of golf is no matter how intense the competition and whatever the level you play, its traditional values always shine through. It couldn’t have got any more intense than at the Verizon Heritage in South Carolina on Sunday night when Londoner Brian Davis made a brave birdie at the [...]
WILL THE WORLD CUP ENABLE PACE TO BEAT EXPECTATIONS IN 2010? April 19, 2010 JONATHAN IMLAH | ALTIUM “Pace’s quarter one management statement confirms that trading has continued in line with expectations against a backdrop of robust demand for the company’s products. With regard to margin outlook, the statement confirms that gross margins are expected to increase.” IAN ROBERTSON | SEYMOUR PIERCE “ High definition and 3D are seasonal [...]
Mutu receives nine-month ban April 19, 2010 FOOTBALL: Fiorentina’s former Chelsea striker Adrian Mutu has been suspended for nine months by the Italian Olympic Committee after failing anti-doping tests in January. The Romanian twice tested positive for appetite suppressant sibutramine. Mutu tested positive for cocaine in 2004, receiving a seven-month ban.
Pietersen ‘anxious’ after blasts April 19, 2010 CRICKET: Bangalore’s England batsman Kevin Pietersen is said to be “anxious” over security following the explosions at Saturday’s Indian Premier League match between Royal Challengers Bangalore and Mumbai Indians. Professional Cricketers’ Association legal director Ian Smith said: “I’ve spoken to Kevin, and it’s perfectly valid to say he’s very anxious and upset about the way [...]
