BARCLAYS TAKES THE METRO June 24, 2009 NEW YORK’S Brooklyn Atlantic Avenue subway hub is going to be renamed Barclays, after the bank struck a $4m (£2.4m) deal with the city’s transport authority. Barclays’ New York offices are actually in the more glamorous Manhattan, but the Barclays Centre sports arena is being built in Brooklyn as part of a local regeneration project, [...]
Football Association touting rights after Setanta’s demise June 24, 2009 THE FOOTBALL Association (FA) and the owners of other sports rights previously held by Setanta are desperately searching for new buyers to fill the payment void left by the collapse of the Irish pay-TV broadcaster. Setanta held the rights to the English and Scottish Premier Leagues, Premier Rugby, PGA golf, FA Cup and England football [...]
NEW YORK REPORT June 24, 2009 THE Dow fell for the fourth day and other indexes ended well off the day’s highs yesterday after the Federal Reserve reiterated concerns about the economic outlook at the end of its policy meeting. Technology shares sustained some strength, bolstered by stronger-than-expected quarterly results from software maker Oracle. The Fed, as expected, left the benchmark [...]
THE LONDON REPORT June 24, 2009 MINERS and banks were buoyed by better US durable goods data yesterday, offsetting weaker food retailers and producers and driving the FTSE 100 up by 1.2 per cent, or 49.96 points, to close at 4,279.98. The index has gained more than 23 per cent since hitting a six-year low in March, but is still down [...]
Wogen gets a 41p share offer June 24, 2009 METALS trader Wogen said yesterday it had received an £18.6m approach from its executive directors and the company’s co-founder, Colin Williams. An offer, if made, will be in cash and priced at 41p per share. In a separate statement, the specialty metals and minerals trader said it swung to a pre-tax loss of £3m in [...]
US home sales rise during May June 24, 2009 SALES of previously-occupied homes in America rose in May for the second consecutive month in a row, though the results fell short of analysts’ expectations. The National Association of Realtors said sales rose 2.4 per cent between April and May, to an annual rate of 4.77m. Analysts had forecast an annual rate of around 4.81m. [...]
Citigroup ups salaries as it cuts bonuses June 24, 2009 CITIGROUP, the stricken US banking giant, will boost salaries by up to 50 per cent to prevent an exodus of top staff. The move follows high-profile complaints from the US government that bailed out banks and financial services firms are still handing out large bonuses despite their reliance on the taxpayer. There are fears that [...]
Apple’s Jobs had a liver transplant June 24, 2009 APPLE chief executive Steve Jobs underwent a liver transplant at a Tennessee hospital and has “an excellent prognosis”, the hospital that performed the operation has confirmed. Jobs, 54, received the transplant because he was “the sickest patient on the waiting list at the time a donor organ became available,” the Methodist University Hospital Transplant Institute [...]
CITY VIEWS: HAVE YOU SEEN MANY STAFF GO SELF-EMPLOYED IN THE RECESSION? June 24, 2009 MARK PRATT BERWIN LEIGHTON“I already know a number of people who have been made redundant from large companies and set themselves up as self-employed. I think sometimes people will take the plunge because they want to, but often it will be needs must.” STEPHEN AYME NATIXIS“Yes, I’ve seen it happening. I think if people can [...]
Ranks of the rich dwindle amid turmoil June 24, 2009 THE GLOBAL financial crisis has seen the ranks of the world’s wealthiest people shrink, according to the World Wealth Report released by Merrill Lynch and Capgemini yesterday. The number of high net worth individuals (HNWIs) – those with at least $1m (£608,908) in assets excluding primary residences – fell 14.9 per cent to 8.6m in [...]
