THE PEOPLE’S SUPERMARKET

first_img TESCO chief executive Sir Terry Leahy was on hand at the Economist Emerging Markets Summit in London yesterday to hear his designated successor Philip Clarke predict China will become profitable for the retailer during his tenure. The supermarket giant is planning to invest around £2bn into developing shopping malls in the People’s Republic. Share Tags: NULL KCS-content whatsapp THE PEOPLE’S SUPERMARKET center_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Wednesday 15 September 2010 8:40 pm Show Comments ▼ whatsapplast_img read more

BoA Merrill investment bank staff set for job cull

first_img More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com BoA Merrill investment bank staff set for job cull KCS-content whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Tuesday 21 September 2010 8:31 pm ALMOST three per cent of Bank of America Merrill Lynch’s 13,000 investment banking staff are set to be culled in order to improve performance, including employees in Europe.Nearly 400 people are due to be chopped from the global banking and markets division across all global regions, though twice that number have been hired already this year.Analysts yesterday said the move was designed to maximise the performance of the division as revenues from trading and advisory activities across the investment banks falters in a tough environment.BoA Merrill Lynch’s global banking and markets arm posted a profit of $4.1bn (£2.6bn) for the first half of the year. That was 35 per cent lower than the first half last year, when the bank booked a hefty gain on the disposal of its merchant processing business. center_img Tags: NULL Share Show Comments ▼ whatsapp last_img read more

Caparo Energy raises £50.2m to fund wind farms on first day of Aim dealings

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical Genius KCS-content Tuesday 12 October 2010 8:13 pm Caparo Energy raises £50.2m to fund wind farms on first day of Aim dealings Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Wind power investment company Caparo Energy yesterday raised £50.2m to finance wind farms in India with a successful listing on London’s junior stock market.Caparo placed 43,636,000 new shares on the Alternative Investment Market (AIM), representing 26.7 per cent of its share capital and giving it a market value of about £188.2m. The shares ended the day at 117.5p.Strand Hanson acted as nominated adviser on the listing and Mirabaud Securities was the group’s broker.The Guernsey-based company hopes to buy and develop a portfolio of wind farms able to produce up to 5,000 megawatts of power. It plans to develop farms able to generate 3,000 megawatts by 2016 and a further 2,000 megawatts by 2017.Caparo has struck a deal with wind turbine generator maker Suzlon Energy for the first phase and is in advanced talks to acquire land and turbines for phase two.The Indian government plans to double the country’s power generation to 342 gigawatts and to more than treble its clean energy generation to 54 gigawatts by 2017. center_img Tags: NULL Show Comments ▼ whatsapp whatsapplast_img read more

Imperial sees profit double

first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropUndoBob's Hideout30 Years She Used Makeup To Hide Her True IdentityBob’s HideoutUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoFamilyMindedThe Most Common Astrology Questions People AskFamilyMindedUndoOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndo whatsapp Imperial sees profit double whatsapp Tuesday 2 November 2010 9:37 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap BRITISH group Imperial Tobacco, the world’s fourth-biggest cigarette maker, met forecasts with an 11 per cent rise in full-year earnings as price increases and cost savings offset lower sales volumes.The maker of Lambert & Butler, West and Gauloises has seen cigarette volumes fall as smokers switch to cheaper, and sometimes illicit, cigarettes in the global downturn.Tough economic conditions in Spain, the United States, Russia and Ukraine saw group annual cigarette volumes fall 4.2 per cent, but 8.7 per cent growth in fine cut loose tobacco volume meant its cigarette equivalent volumes fell just 2.9 per cent. For the 12 months to 30 September, Imperial Tobacco revenues grew from £26.5bn to £28.2bn, with pre-tax profit rising from £945m to £2.1bn, partially due to a £660m hedging loss in 2009. center_img KCS-content Share Show Comments ▼ Tags: NULLlast_img read more

Vedanta to float Zambian copper miner in London

first_img whatsapp KCS-content Vedanta to float Zambian copper miner in London Tags: NULL More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com VEDANTA investors picked over the details of its $1.1bn (£692m)?plan to list its Zambian copper company on the London stock market yesterday. Liberum Capital said in a note that the total value of Konkola Copper Mines, which is 79.4 per cent owned by Vedanta, could be worth up to $7.1bn if it hits increased quotas. However, other analysts are unsure the firm could hit its ambitious targets, which include more than doubling copper production from 173,000 tonnes to 400,000 tonnes a year. A spokesperson declined to put a figure on the value of Konkola. Konkola, which is set to be the first Zambian company to have a primary listing in the UK, has hired Goldman Sachs and JP Morgan Cazenove to act as joint sponsors and bookrunners. The team at JP Morgan includes Joe Seifert, a vice president at the bank who advised Vedanta Resources on its $775m bond issue in March and miner Xstrata on its $5.9bn rights issue last year. Chris Nichols and Laurence Holligworth are also advising. Goldman Sachs’ advisers include head of equity capital markets Matthew Westerman, Richard Cormack and Philip Lindop. Wednesday 17 November 2010 8:23 pmcenter_img Show Comments ▼ Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeWolf & ShepherdNFL Star Rob Gronkowski’s Favorite ShoesWolf & ShepherdTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionMoneyPailShe Was Famous, Now She Works In {State}MoneyPailBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeDaily Finance StoriesChrissy Metz, 40, Shows Off Massive Weight Loss In Fierce New PhotoDaily Finance StoriesOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver Health whatsapplast_img read more

AIG accused of excluding buyers from the sale of its rail-car unit

first_imgMonday 22 November 2010 6:08 am whatsapp Share Tags: NULL Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusUndo Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof KCS-content center_img AIG accused of excluding buyers from the sale of its rail-car unit BAILED-OUT insurer AIG has put its rail-car unit up for sale, though trade buyers are complaining of being excluded from the auction, the Wall Street Journal reported yesterday.The assets of AIG Rail Services have a book value of about $660m but it was not clear how much American International Group was seeking for the business. AIG Rail, started in 2005, leases tank and freight cars.The Journal also quoted the chief executive of competitor GATX Corp as saying his company and other potential strategic buyers have been excluded from the auction. GATX CEO Brian Kenney told the paper he was interested in the assets.An AIG spokesman declined to comment on the sale. Bank of America is said to be advising AIG. whatsapp Show Comments ▼last_img read more

Hundreds face axe at O2 as firm shakes up management

first_img HUNDREDS of jobs are set to be axed at O2 as the firm completes one of its biggest structural shake-ups in recent years, City A.M. has learned.The telecoms giant will start a consultation period in January to determine how many positions will go.The firm will merge its customer sales and customer services departments into one operation, with at least 10 senior managers changing their roles.Two senior managers will leave as part of the “streamlining” operation, with finance officer Ramon Ros returning to parent company Telefonica in Madrid and customer service director Cheryl Black retiring.In addition, Steve Shurrock will begin as chief executive of the firm’s Ireland division.A spokesman told City A.M.: “The main driver for the changes is that we are no longer just a mobile phones company. We are a multi channel, multi product firm, offering services including broadband, media and entertainment.“The management structure in place is no longer suitable. We need to align ourselves with the needs of our customers.”“There will be further organisational changes as we work through the process. We don’t expect radical job losses.”The firm says it will try to protect consumer facing roles and says it will increase the number of in-store technical gurus from 150 to 400 – around one for each of its UK stores.O2 is now the second largest mobile network in the UK after the merger between rivals T-Mobile and Orange. Share KCS-content whatsapp Wednesday 8 December 2010 9:15 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldcenter_img Show Comments ▼ whatsapp Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof Hundreds face axe at O2 as firm shakes up management Tags: NULLlast_img read more

EXPRESS YOURSELF, WITH UBS’S STYLE GUIDE

first_img EXPRESS YOURSELF, WITH UBS’S STYLE GUIDE KCS-content Share Wednesday 15 December 2010 8:18 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBetterBe20 Stunning Female AthletesBetterBeZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmFinancialAdvisorHeroesSean Hannity New Girlfriend Might Look Familiar To YouFinancialAdvisorHeroesArticles StoneLittle Boy Brings $2 Painting To Antiques Road Show, Not Realizing Its WorthArticles StoneAdventure CrunchHere Are the Most Famous Pro Wrestlers From the Past TodayAdventure Crunch THE Swiss are famous for their precision, but only when The Capitalist got hold of UBS’s 43-page dress code for its branch staff did it become clear just how highly the bank values exactness.The dress code has been doing the rounds for a few days now, but you might not have had a chance to leaf through the most important lines of this serious document.If your shoes have a heel over 7cm in height, for example, forget it – it’s just not allowed. Nor are open toes, dull leather or colours other than black. And don’t forget: “Change your shoes once a day. With ‘fresh’ shoes, you will feel better and improve your performance at work.”As for adding “personality” to your outfit with jewellery, here’s where you’re allowed to experiment! Within the colour scheme of the dress code, that is. As for wearing more than seven pieces of bling, it is strictly forbidden. (What is it with the number seven?)So what is the philosophy behind this solemn instructional document (aside from that of an 19th century finishing school)? Well, it stems from a belief that “individuals are judged primarily on their appearance” and that the right outfit imparts “the concepts of truth, clarity… stewardship, responsibility and integrity, conscientiousness, reliability and consistency, and respect of the highest professional standards”.The Capitalist is just waiting for the bank to roll it out across the investment banking division. Clarity and stewardship – surely that’d be a few hundred million in fees well spent?ALL IN THE FAMILYMany an executive has pondered the difficult question of how to stay in touch with the family while maintaining such a trying schedule. Luckily, it seems the Intercontinental Hotels Group’s chief financial officer Richard Solomons has found the solution: install an app on your iPhone that tracks the whereabouts of your wife and kids.OK, a little… unconventional, but, hey, how else are you going to defend your wife from stalkers?CHEWING COALWith Portuguese government ministers pleading with the population not to hoard sugar in anticipation of a shortage, and Pakistan and Egypt also running low, Societe Generale’s Dylan Grice used his regular “Popular Delusions” research note to talk down the idea of investing in commodities. Specifically, he argues: “Commodities for the long run? Not on your Nellie – I’d rather eat coal!!”You see, it’s just easier to avoid the heartbreak if you steer clear of ’em: “Prior commodity bull markets have been much like England football managers,” he writes. “They promised much, burned brightly for a while, but ultimately crashed, breaking the hearts of those who believed in them most.” Oh, Dylan. See, the rest of us just try not to take Fabio Capello too seriously. FRAYING CABLEWhoops! A rather hasty cut-away during last night’s Jeff Randall Live show on Sky gave a little glimpse of how business secretary Vince Cable gets through his busy days. Cable was shown gratefully accepting a paper cup of Costa coffee before the producers cut quickly back to their anchor. Sometimes you just need that extra caffeine injection before a live two-way, eh? whatsapp whatsapp Show Comments ▼ Tags: NULLlast_img read more

Market for private tech firms soars

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily Proof Market for private tech firms soars Monday 3 January 2011 11:05 pm whatsapp Show Comments ▼ Sharecenter_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald KCS-content Tags: NULL A GROWING and largely unregulated market in privately owned shares has sprung up as technology firms continue to rise in value exponentially.Investors are clamouring to own a stake in the next major internet firm before they are publically traded, driving the biggest surge in demand for privately-owned tech companies since the dotcom boom.Facebook has grabbed the headlines after Goldman Sachs and Russian fund Digital Sky Technologies (DST) invested $500m – valuing it at a staggering $50bn. But privately held shares in other companies have also been feverishly changing hands.Groupon, the online marketing firm which recently rejected a $6bn takeover bid from Google, is set to raise almost $1bn from a number of major institutional investors.Microblogging site Twitter recently raised $200m in a round of investment led by Kleiner Perkins, valuing the firm at $3.7bn. And online gaming firm Zynga has received hundreds of millions of dollars from investors including DST.Goldman is now planning to create a vehicle that will raise as much as $1.5bn from investors desperate for a piece of Facebook, which could yet fall foul of a new SEC inquiry into the trading of privately owned tech shares. whatsapplast_img read more

EU amends Solvency II guidelines

first_img Tags: NULL EU amends Solvency II guidelines Wednesday 19 January 2011 8:06 pm THE EU clarified the powers of its new insurance and markets “super-regulators” in proposals published yesterday. The commission is to change two existing financial services directives to clear the way for the European Insurance and Occupational Pensions Authority and the European Securities and Markets Authority.The amendments, set out in its Omnibus II proposals, identify areas where the regulators can propose new technical standards as they move towards the “single rule book” model of pan-EU regulation. It also details how to resolve disputes between member states’ national regulators.“By giving the new supervisors a clearly defined mandate and bringing existing legislation in line with that mandate, the commission further delivers on the promise of creating more solid and stable markets and mitigating future crises,” said markets commissioner Michel Barnier. It has also amended the Solvency II directive that will set new capital requirements and internal models for European insurers from 2012. For the first time, it has set a final date of 31 December 2012 for companies to implement the new directive – but in recognition of the challenge facing insurers, it has set transitional arrangements to help them adapt. “There should be a smooth transition to the new regime, market disruption should be avoided,” it said. PricewaterhouseCoopers insurance partner Charles Garnsworthy said it was “unrealistic” to expect almost 3,600 insurers to be fully compliant by the deadline. “The introduction of these transitional measures will allow insurers and regulators time to fully comply with the directive,” Garnsworthy said. Show Comments ▼ whatsapp center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Ads Share More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.com KCS-content last_img read more