Archive for the ‘Economy’ Category

Goldman Sachs cuts chief executive’s bonus

Posted on February 4th, 2012 in Economy | No Comments »

Executive compensation has become a thorny issue for banks which have cut jobs or been given state aid

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Goldman Sachs cuts chief executive’s bonus

Amazon sales data put focus on ebooks shift

Posted on February 3rd, 2012 in Economy | No Comments »

Online retailer reported sales for the Christmas quarter that were roughly4 per cent short of Wall Street expectations

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Amazon sales data put focus on ebooks shift

Clear Channel floods world with Madonna

Posted on February 3rd, 2012 in Economy | No Comments »

The radio and outdoor advertising group has struck an exclusive deal to air Madonna’s latest single and video as part of a multimedia marketing push

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Clear Channel floods world with Madonna

Call to scale back nuclear weapons in Europe

Posted on February 3rd, 2012 in Economy | No Comments »

Group urges US and Russia to relocate a proportion of their arms deployed in Europe, which hark back to cold war-era hostilities

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Call to scale back nuclear weapons in Europe

Google refuses to halt privacy policy change

Posted on February 3rd, 2012 in Economy | No Comments »

Search engine asked to halt implementation of new privacy policy while impact on users is examined

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Google refuses to halt privacy policy change

Industrials look to dealmaking for growth

Posted on February 3rd, 2012 in Economy | No Comments »

ABB, Siemens, Outokumpu and Sany Heavy Industry agree acquisitions as they seek synergies and to capitalise on economic recovery in the US

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Industrials look to dealmaking for growth

Look before you leap, Mr Zuckerberg

Posted on February 3rd, 2012 in Economy | No Comments »

In an open letter to Facebook founder Mark Zuckerberg, Joe Saluzzi of Themis Trading suggests the stock may become a chip in a giant casino

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Look before you leap, Mr Zuckerberg

Risky debt use on repo market hits 2008 levels

Posted on February 3rd, 2012 in Economy | No Comments »

The use of lower-rated debt in a key US funding market has returned to pre-crisis levels, fuelling fears that the so-called shadow banking system is becoming riskier

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Risky debt use on repo market hits 2008 levels

Caesars plans IPO to allow investors to sell

Posted on February 2nd, 2012 in Economy | No Comments »

Casino operator makes third attempt to list publicly and aims to raise only $18m but move will allow unnamed co-investors the opportunity to exit their investment

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Caesars plans IPO to allow investors to sell

Blackstone chief hits out at attacks on sector

Posted on February 2nd, 2012 in Economy | No Comments »

The world’s largest listed alternative asset manager reported a drop in profits for the fourth quarter of 2011 as fees for investment performance fell

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Blackstone chief hits out at attacks on sector

Alberta Ferretti to offer collection at Macy’s

Posted on February 2nd, 2012 in Economy | No Comments »

Italian designer in partnership with US department store to create affordable fashion line

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Alberta Ferretti to offer collection at Macy’s

News Corp names Fenwick to head Dow Jones

Posted on February 2nd, 2012 in Economy | No Comments »

Media group appoints the former chief executive of Bloomberg as chief executive of Dow Jones, the publisher of the Wall Street Journal

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News Corp names Fenwick to head Dow Jones

Facebook ought to ditch its public offering

Posted on February 2nd, 2012 in Economy | No Comments »

The sole tangible purpose for the IPO proceeds is to meet a tax obligation that will be triggered by going public, writes John Gapper

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Facebook ought to ditch its public offering

Small-caps: MXC chief share buy lifts Coms

Posted on February 2nd, 2012 in Economy | No Comments »

Internet telephone company’s shares jump 72.7% after Ian Smith, chief executive of MXC Capital, increases direct and indirect holdings to 27.6%

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Small-caps: MXC chief share buy lifts Coms

Digital subscriptions stabilise NY Times revenues

Posted on February 2nd, 2012 in Economy | No Comments »

Group results were dragged down by a further decline at About.com, the consumer information website

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Digital subscriptions stabilise NY Times revenues

Investors seek things to like on Facebook

Posted on February 2nd, 2012 in Economy | No Comments »

The verdict on the group’s IPO filing is that it has a solid online advertising business but questions remain over its social and mobile proposition

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Investors seek things to like on Facebook

Retaining Employees: 5 Things You Need to Know

Posted on February 2nd, 2012 in Economy, Unemployment News | No Comments »

(From The Huffington Post) — Even when the economy is tough — and maybe especially then — it’s never a bad idea to show your employees appreciation. You may have a few knuckleheads you wouldn’t be sorry to see go, were they to walk out, but the last thing you need is your best employees to leave you high and dry. And they will, if you take them for granted. After all, especially in a world in which retiring with a gold watch is increasingly a fantasy, why should talented employees stick around if they aren’t being treated like a best employee should be? It can obviously cost thousands of dollars to train a new employee, depending on the position, especially taking into account all the money a company can lose when its talent isn’t around to land new accounts, maintain quality control and provide superior customer service. (There are a lot of employee turnover calculators online to prove this point, like this one. So if you want to keep your employees happy, in both good and bad times, here are five things you need to know. Read more .

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Retaining Employees: 5 Things You Need to Know

Ex-MF Global exec claims he warned Corzine

Posted on February 2nd, 2012 in Economy | No Comments »

Michael Roseman of the failed futures broker told the US Congress that his views on risk ‘certainly’ played a role in his dismissal

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Ex-MF Global exec claims he warned Corzine

US retail sales mixed in January

Posted on February 2nd, 2012 in Economy | No Comments »

Growth in US retail sales steady in January after shoppers brushed off economic worries to spend heavily in the holiday season

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US retail sales mixed in January

Zynga shows the importance of friends

Posted on February 2nd, 2012 in Economy | No Comments »

Investors were concerned about the game company’s substantial reliance on Facebook, which it turns out is very reliant on Zynga

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Zynga shows the importance of friends

Facebook millionaires eye new exploits

Posted on February 2nd, 2012 in Economy | No Comments »

The Facebook IPO give birth to a new generation of young millionaires in Silicon Valley and a handful of billionaires, several of whom have yet to hit their 30th birthdays

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Facebook millionaires eye new exploits

Facebook VC pay-out to set record

Posted on February 2nd, 2012 in Economy | No Comments »

The impending IPO will mark the biggest payday ever for the venture capital industry, and set off a stampede to secure a place in the top funds

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Facebook VC pay-out to set record

CME Group creates $100m fund after MF Global

Posted on February 2nd, 2012 in Economy | No Comments »

The US’s biggest futures exchange operator is creating a $100m protection fund as it attempts to restore confidence following the collapse of MF Global

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CME Group creates $100m fund after MF Global

Allergan expects strong European sales

Posted on February 2nd, 2012 in Economy | No Comments »

The US maker of Botox is betting that its European business will see a lift as plastic surgeons shift away from lower cost breast implants

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Allergan expects strong European sales

Allstate shifts to alternative assets

Posted on February 2nd, 2012 in Economy | No Comments »

Low interest rates prompt US consumer insurance group to ‘get creative’ in its portfolio to generate returns in its investment products business

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Allstate shifts to alternative assets

Plassat still has time to revive Carrefour

Posted on February 2nd, 2012 in Economy | No Comments »

Hopes rest on the new CEO to redirect a retailer that has belatedly grasped the problems with its hypermarket model, writes Tony Barber

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Plassat still has time to revive Carrefour

Merger to provide $100m boost for advisers

Posted on February 2nd, 2012 in Economy | No Comments »

Banks involved in the Glencore-Xstrata tie-up could be paid about £10m each

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Merger to provide $100m boost for advisers

Macworld thriving without Apple

Posted on February 2nd, 2012 in Economy | No Comments »

San Francisco show continues to demonstrate that innovation abounds in the Apple ecosystem, writes Chris Nuttall

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Macworld thriving without Apple

Weak advertising hits Viacom profit

Posted on February 2nd, 2012 in Economy | No Comments »

US media group behind MTV and Paramount Pictures says net income fell 65 per cent from $610m to $212m in the fourth quarter

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Weak advertising hits Viacom profit

Working in Banking: A battered sector seeks reinforcements

Posted on February 1st, 2012 in Economy | No Comments »

Areas such as risk and digital services are bright spots amid the gloom

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Working in Banking: A battered sector seeks reinforcements

Google 2.0 prepares to come out of the shade

Posted on February 1st, 2012 in Economy | No Comments »

The new Google wants you to hang around for a while – and it wants to find new ways to make money from you while you are there

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Google 2.0 prepares to come out of the shade

Whirlpool to reap results on cost cuts

Posted on February 1st, 2012 in Economy | No Comments »

Shares in the appliance maker rise after it forecast improved earnings for 2012 thanks to new products, higher prices and reduced capacity

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Whirlpool to reap results on cost cuts

Canada prepares for open wheat market

Posted on February 1st, 2012 in Economy | No Comments »

Farmers ready for changes at the start of the next crop season when the Wheat Board is due to lose its monopoly over wheat and barley exports

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Canada prepares for open wheat market

Deutsche Börse / NYSE Euronext

Posted on February 1st, 2012 in Economy | No Comments »

NYSE Euronext is the biggest loser as the proposed $7.5bn merger with Deutsche Börse is blocked by European antitrust regulators

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Deutsche Börse / NYSE Euronext

US defence cuts sink Northrop outlook

Posted on February 1st, 2012 in Economy | No Comments »

The US defence contractor reports another drop in quarterly sales, reduces its estimated order backlog and forecasts lower than expected earnings for 2012

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US defence cuts sink Northrop outlook

Fiat ahead despite difficult Europe market

Posted on February 1st, 2012 in Economy | No Comments »

Italian carmaker’s results were lifted by profits at its Chrysler subsidiary in the US and strong sales in Brazil

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Fiat ahead despite difficult Europe market

NYSE board stands by Niederauer

Posted on February 1st, 2012 in Economy | No Comments »

Chairman says full board of directors is ‘fully supportive’ of chief executive despite the failure of attempted tie-up with Deutsche Börse

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NYSE board stands by Niederauer

TripAdvisor censured over ‘trusted reviews’

Posted on February 1st, 2012 in Economy | No Comments »

Holiday website banned from claiming its write-ups are ‘reviews you can trust’ after complaints that the site does not verify its ratings

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TripAdvisor censured over ‘trusted reviews’

Argos looks to US for managing director

Posted on February 1st, 2012 in Economy | No Comments »

John Walden, who has worked at Best Buy and Sears, will start this month at the UK catalogue chain

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Argos looks to US for managing director

Roche steps up Illumina bid as sales hold up

Posted on February 1st, 2012 in Economy | No Comments »

Swiss drugs group proposes new board members at US manufacturer of genetic testing equipment who, if selected, will tip balance in its favour

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Roche steps up Illumina bid as sales hold up

Pfizer and Eli Lilly face generic drugs challenge

Posted on February 1st, 2012 in Economy | No Comments »

Drug makers’ fourth-quarter profits are weighed down by the impact of their top drugs facing new competition from generics

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Pfizer and Eli Lilly face generic drugs challenge

Bloomberg aims to bypass Thomson Reuters

Posted on February 1st, 2012 in Economy | No Comments »

US information provider is to offer a free software interface that bypasses its rival’s lucrative code for identifying securities on terminals

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Bloomberg aims to bypass Thomson Reuters

Ex-Credit Suisse traders face US charges

Posted on February 1st, 2012 in Economy | No Comments »

Criminal charges expected for alleged mispricing of mortgage-related securities that resulted in a $2.8bn writedown by the bank at the height of the financial crisis

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Ex-Credit Suisse traders face US charges

Silicon Valley investor raises $1.5bn

Posted on February 1st, 2012 in Economy | No Comments »

A rush to cash in on the next wave of high-growth internet start-ups has enabled Andreessen Horowitz, a venture capital firm with ties to Facebook, to raise $1.5bn

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Silicon Valley investor raises $1.5bn

Amazon misses sales expectations

Posted on February 1st, 2012 in Economy | No Comments »

Fourth-quarter sales fell short of market expectations and the US online group said it might make an operating loss in the first quarter of 2012

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Amazon misses sales expectations

MF Global risk chief urged caution on trades

Posted on February 1st, 2012 in Economy | No Comments »

Michael Stockman, the failed brokerage’s risk officer, plans to testify to Congress that he recommended hedging the group’s European exposure

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MF Global risk chief urged caution on trades

Idol host agrees tie-up with buy-out groups

Posted on February 1st, 2012 in Economy | No Comments »

Bain Capital and THL Partners, the private equity firms, have agreed to invest up to $300m in media deals alongside Ryan Seacrest, the US television personality

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Idol host agrees tie-up with buy-out groups

Court rejects BP effort to offload spill bills

Posted on January 31st, 2012 in Economy | No Comments »

A New Orleans judge has ruled that Halliburton’s contract for work at the Macondo well indemnified the company against claims for economic damages

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Court rejects BP effort to offload spill bills

Amazon: making waves as flows slow

Posted on January 31st, 2012 in Economy | No Comments »

There will always be those who believe that Amazon is destined for vast profits simply by virtue of being the leader in a growing market

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Amazon: making waves as flows slow

McGraw-Hill explores sale of education business

Posted on January 31st, 2012 in Economy | No Comments »

Company is rethinking plans to split the division from its Standard & Poor’s financial arm after receiving interest from private equity groups

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McGraw-Hill explores sale of education business