What the other papers say this morning November 6, 2012 FINANCIAL TIMES BHP begins hunt for new chief BHP Billiton has quietly started looking for a successor to Marius Kloppers, chief executive, in what could herald a further shake-up in the leadership of the global mining industry following a five-year period of stability. JPMorgan in talks over SEC claims JPMorgan Chase is in advanced settlement [...]
How the US electoral system works and how states are won November 6, 2012 THE President of the United States of America is not directly elected by the people, but by a group of 538 representatives known as the electoral college. Each state has between three and 55 members of the college, weighted broadly by population. The members, who are typically local politicians chosen to recognise public service, normally [...]
The other race: getting control of Congress November 6, 2012 THE Republicans were projected this morning to keep control of one of the other centre of power up for grabs in the election: the House of Representatives. The US President actually has little legislative power to support his agenda without the support of Congress – made up of the House of Representaives and the 100-seat [...]
Asian markets struck by initial US uncertainty November 6, 2012 UNCERTAINTY over the outcome of the presidential election weighed on Asian markets as they opened this morning, after the Dow Jones index had posted its biggest gain in a month as the US voted. Wall Street had bet on a Barack Obama victory yesterday, pushing the Dow up more than one per cent yesterday. Japan’s [...]
Primark’s Union Jack sales boost profits at Associated British Food November 6, 2012 ASSOCIATED British Food’s chief executive has said customers snapping up Primark’s Union Jack themed merchandise during the Olympics and the Diamond Jubilee helped spur a 17 per cent rise in group full-year profit. George Weston said the discount fashion chain sold more than 7.5m items stamped with the flag as Brits and overseas visitors bought [...]
M&S boss fights back after half year improves November 6, 2012 MARKS & SPENCER chief executive Marc Bolland yesterday asked for “a little patience” before seeing a turnaround in its troubled womenswear division and defended his strategy as the group revealed a 10 per cent fall in half year profits to £289.5m. The Dutchman, who is 18 months into a five-year plan to revive the group’s [...]
Murdoch’s News Corp profits up threefold thanks to TV channels November 6, 2012 NEWS CORP revealed a trebling in profits last night thanks to growth in its lucrative cable networks division. Rupert Murdoch’s media giant said its US channels, such as Fox News, Fox Sports and the FX Network, saw a 33 per cent year-on-year increase in operating income in the third quarter. This was driven by higher [...]
Industry output dive means GDP could go down November 6, 2012 OUTPUT IN the production industries dived in September, data showed yesterday, driven by a collapse in mining and quarrying, which analysts suggested might lead to downward GDP revisions. Manufacturing output rose 0.1 per cent into October, according to the Office for National Statistics, but overall production was dragged down 1.7 per cent by a 15.3 [...]
Pay gap remains as women earn £400,000 less over working life November 6, 2012 THE average female executive in the UK earns £400,000 less than her male counterpart over a lifetime of work, according to new data released this morning. Women in executive roles are also likely to win bonuses worth less than half those given to their male colleagues – the average male bonus came in at £7,496 [...]
Auditors see big problems with EU budget for 18th year in a row November 6, 2012 OFFICIAL auditors yesterday reported major errors in EU spending last year, amounting to billions of euros and strengthening the hands of politicians in the UK who hope to freeze spending in the budget. The European Court of Auditors said it had found irregularities affecting four per cent of total spending during 2011, equivalent to around [...]
