WHAT THE OTHER PAPERS SAY THIS MORNING
FINANCIAL TIMES
Iron Maiden star runs to the valleys
Iron Maiden frontman Bruce Dickinson has been urging heavy metal fans to “Run to the Hills” since the 1980s, but the rock anthem may be recast as “Run to the Valleys” as he announced plans to open an aviation centre in South Wales that could bring 800 jobs to the region.
Banks fined $9m over ETF mis-selling
Wells Fargo, Citigroup, Morgan Stanley and UBS mis-sold complex exchange traded funds to retail investors, some of whom were in their 90s and lost large portions of their savings, a US regulator has found. The four banks were fined $9.1m on Tuesday by the Financial Industry Regulatory Authority (Finra).
ABI backs plan for binding vote pay
The annual vote of corporate pay plans should be binding, the Association of British Insurers has said in response to plans by Vince Cable, business secretary, to strengthen shareholders’ powers and curb excessive executive payouts. Cable argues that a binding vote would hand investors a powerful tool to tackle rewards for failure.
THE TIMES
Toyota plots its route to recovery
Japan’s biggest carmaker gave British workers a huge vote of confidence yesterday when it revealed expansion plans that ultimately will provide more than 5,000 jobs in Derbyshire and Wales.
End of war nears, Obama tells troops
President Obama assured US troops that there was “light on the horizon”, signalling the end of the war in Afghanistan as he flew into Kabul on the anniversary of Osama bin Laden’s killing.
The Daily Telegraph
RIM hands out BlackBerry prototypes
Research in Motion has begun its fight back in its smartphone battle with Apple and Google by releasing 2,000 prototypes of the next BlackBerry device.
One in four who ring the taxman hang up in frustration
Taxpayers have to wait almost three times longer to contact HM Revenue and Customs than two years ago because of the increasingly “chaotic” service, official figures released last night disclosed.
THE WALL STREET JOURNAL
Wal-Mart to pay $5m in back wages
Wal-Mart Stores agreed to pay employees $4.8m in back wages and damages, as well as $464,000 in civil penalties, yesterday after the US Department of Labor found the company failed to pay overtime to more than 4,500 workers.
Facebook roadshow starts Monday
Facebook is planning to start its roadshow to pitch its stock to investors on Monday, as the social network enters the final stages of its coming public offering.