Wall Street books impressive gains July 15, 2009 US stocks jumped yesterday with the S&P 500 racking up its three best days since March, sparked by results from bellwether Intel that lifted hopes for a rebound in technology spending and improved corporate profitability. The broad S&P 500 has gained 6.1 per cent so far this week as companies, including Intel and Goldman Sachs, [...]
The downturn has destroyed the myth of diversification July 15, 2009 MOORAD CHOUDHRYHEAD OF TREASURY, EUROPE ARAB BANK IN THE 1950s the economists Harry Markowitz, Franco Modigliani, Merton Miller and William Sharpe formulated their ideas on portfolio theory and corporate finance, which became the foundation of modern finance and fund management. These chaps were serious heavyweight thinkers, and rewarded with Nobel prizes. In the 21st century [...]
If you don’t do the right MBA, then you might as well be burning money July 15, 2009 LIKE so many other sectors in the wake of the credit crunch and recession, higher education has been having a “stop and think” moment. Once seen as the suppliers of the business talent – and particularly the banking talent – that fuelled the economic boom years, business schools are having to re-affirm the value of [...]
HARVARD BUSINESS SCHOOL STUDENTS THE MBA OATH July 15, 2009 As a manager, my purpose is to serve the greater good by bringing people and resources together to create value that no single individual can create alone. Therefore I will seek a course that enhances the value my enterprise can create for society over the long term. I recognise my decisions can have far-reaching consequences [...]
Mixing business with glamour and killer heels July 15, 2009 THE TOWERING WORLD OF JIMMY CHOO By Lauren Goldstein Crowe and Sagra Maceira de RosanBLOOMSBURY £18.99 PART business manual and part snoopy fashion reportage, the tale of super-brand Jimmy Choo is by turns compelling and dull. Well, it depends on the reader, actually. If your primary interest is learning about what makes companies successful, then [...]
‘Caught in injury hell but I’ll keep plugging away’ July 15, 2009 SO, crippling injuries have sadly taken their toll on Andrew Flintoff’s Test career, but for former England team-mate Simon Jones, the battle goes on. The Welsh-born paceman played a starring role in the 2005 Ashes success, but has been ruled out of Test action ever since after suffering a plethora of ankle and knee problems. [...]
Adebayor’s in but Blues will ‘not sell Terry’ July 15, 2009 MANCHESTER CITY last night closed in on the £25m signing of Arsenal striker Emmanuel Adebayor – but were then told to forget about adding John Terry to their star-studded revolution. Adebayor, 25, yesterday passed a medical and was then granted a work permit, meaning his move to Eastlands is now merely a formality. But Chelsea [...]
Villa in 12m Downing deal July 15, 2009 ASTON VILLA are closing in on the £12m signing of Middlesbrough winger Stewart Downing after the clubs agreed a fee yesterday. Downing, who has been ruled out until October with a foot injury, spent the afternoon in the midlands discussing personal terms with Villa. Relegated Boro have admitted they are ready to sell their most [...]
FOOTBALL IN BRIEF July 15, 2009 Blues pair see bans reducedCHELSEA duo Didier Drogba and Jose Bosingwa have both had their European bans reduced by one game after appealing against charges of improper conduct from the Champions League semi-final against Barcelona in April. Drogba will now serve a three-game suspension and Bosingwa two. Black Cats chasing CrouchSUNDERLAND boss Steve Bruce has [...]
Turnberry is a course fit for champions so Tiger should feel perfectly at home July 15, 2009 IT’S no coincidence that on each of the three occasions that Turnberry has hosted the Open Championship that the player standing on top of the world rankings has gone on to become champion. For me, that speaks volumes for the condition of this beautiful Ayrshire course – not least for the dominance of Tiger Woods, [...]
