Toyota to pay $16m US fine over failures April 19, 2010 Toyota yesterday agreed to pay a record $16.4m (£11bn) fine to US safety regulators to settle a complaint that the company delayed a recall over defective accelerator pedals, but denied violating US regulations. Toyota said it had made a “good faith” effort to handle safety problems but decided to pay the penalty — the maximum [...]
O’Sullivan on song April 19, 2010 SNOOKER: World No1 Ronnie O’Sullivan (right) cruised into a 7-2 lead over Liang Wenbo after a dominant opening session of their World Championship first round match at the Crucible. Elsewhere, 2008 runner-up Ali Carter eased past Jamie Cope 10-4 to reach round two.
Mortgage lending increases April 19, 2010 TOTAL mortgage lending surged 24 per cent in March on the previous month and is three per cent higher than in the same period of 2009, the latest figures from the Council for Mortgage Lenders (CML) showed yesterday. This puts gross mortgage lending at £11.5bn last month and the CML said that the increase in [...]
Whistler track ‘too fast’ April 19, 2010 WINTER OLYMPICS: Luge officials have admitted that the Whistler track which claimed the life of Georgian Nodar Kumaritashvili at the 2010 Olympics was faster than it was designed to be. But an FIL report said that “no single reason” could account for his death.
Silvestre raps complacent, lazy Arsenal April 19, 2010 ARSENAL defender Mikael Silvestre has admitted laziness and complacency were to blame for their spectacular capitulation at Wigan on Sunday. The Gunners conceded three goals in the last 10 minutes as their Premier League title hopes went from slim to none at the DW Stadium. Silvestre admits he and his team-mates thought they had the [...]
Deloitte surprised by lack of administrations in 2010 April 19, 2010 AGGRESSIVE cost cutting and improved cash management by firms last year has seen the number of businesses falling into administration in 2010 drop. Research by the business advisory firm showed that 555 administrations were recorded in quarter one 2010, a significant improvement on the 1,028 companies in the same period last year. Deloitte said it [...]
Alliance Trust to launch bond fund as assets grow April 19, 2010 Investment firm Alliance Trust will launch its first fixed income product later this year and diversify equity exposure towards Asia while western growth appears fragile, its chief executive said yesterday. Katherine Garrett-Cox said the FTSE 100 company will capitalise on investors’ appetite for income products by launching a mainly UK-focused corporate bond fund in the [...]
Irish Nationwide losses rise tenfold April 19, 2010 IRISH Nationwide Building Society (INBS) yesterday said its loss widened tenfold in 2009 due to a jump in bad loan provisions and it was unlikely to agree soon with EBS Building Society on a merger. INBS and nationalised Anglo Irish Bank have become the two lenders with proportionally the biggest exposures to Ireland’s property market [...]
Cottagers and Reds games to go ahead April 19, 2010 FULHAM and Liverpool have been told their Europa League ties in Germany and Spain will go ahead this week despite continuing travel chaos caused by volcanic ash. Roy Hodgson’s Fulham are scheduled to face Hamburg in the first leg of their semi-final on Thursday, while Liverpool are expected to visit Atletico Madrid on the same [...]
Soros: we must help Greece April 19, 2010 Greece needs help to beat its crisis and there is a risk it will fall into a “death circle” of recession and falling budget revenue if its borrowing costs stay high, financier George Soros said yesterday. He said the spike in Greek bond spreads – the premium investors pay to buy Greek debt instead of [...]
