Month: September 2021

Oracle slams HP’s corporate correctness

first_imgTuesday 10 August 2010 8:49 pm Oracle slams HP’s corporate correctness Share whatsapp Oracle boss Larry Ellison yesterday laid into Hewlett-Packard after its chief executive Mark Hurd was forced to resign following allegations by a former porn star.Ellison slammed HP’s board for ousting close friend Hurd despite clearing him of sexually harassing Jodie Fisher, star of movies including Sheer Passion and Intimate Obsession.Ellison said: “The HP board just made the worst personnel decision since the idiots on the Apple board fired Steve Jobs many years ago.“In losing Mark Hurd, the HP board failed to act in the best interest of HP’s employees, shareholders, customers and partners.“Publishing known false sexual harassment claims is not good corporate governance; it’s cowardly corporate political correctness.”Ellison said the HP board voted 6-to-4 to go public with the claims.HP, however, disputes this. A spokeswoman said: “As the company stated previously, the board voted unanimously for Hurd’s resignation.”Hurd quit over allegations he claimed $20,000 (£12,500) of false expenses, including payments to the steamy star for work she did not carry out, expensive meals and travel. More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com whatsapp Tags: NULL KCS-content Show Comments ▼last_img read more

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CITY MOVES | WHO’S SWITCHING JOBS

first_img Share MatrixThe financial services group has appointed Simon Elvidge as its new group head of compliance and assurance.Elvidge has over 20 years of experience in the sector and joins from Numis Securities, where he was head of compliance. Prior to that, he spent time working at HSBC, Société Générale and at Newedge Group, the joint venture between SocGen and Calyon.RabobankThe bank has hired Rick Corbisiero as head of central bank sales in its London-based general financial team.Corbisiero began his banking career in the early 1980s and has previously held positions as head of central bank sales at the likes of Merrill Lynch, Deutsche Bank and BNP Paribas.Axa Real EstateThe European real estate manager has appointed Laurent Vouin as head of opportunistic funds, based in Paris and reporting to the firm’s global chief investment officer Dennis Lopez.Vouin will be responsible for overseeing the management of all of the firm’s opportunistic funds, including the Development Venture III fund, launched in July this year. He originally joined Axa Real Estate in 2002 as head of asset management in France.Olivetree SecuritiesThe equities intermediary brokerage firm has appointed Ian Brenner to its distribution group to cover key institutional and hedge fund accounts.Brenner joins from cash and derivatives broker MF Global, where he spent the past seven years, latterly as deputy head of European equities. Prior to that, he was at Dresdner Kleinwort Wasserstein for 16 years.Hansteen HoldingsThe UK and continental European real estate investor has appointed Richard Cotton and Humphrey Price as non-executive directors and Richard Lowes as its new finance director.Cotton joins from Forum Partners, where he was a managing director. Prior to that, he was head of real estate at JP Morgan Cazenove. Price was previously finance director of Pillar Property and is currently a non-executive at London and Stamford Property.Lowes has been chief financial officer at Hansteen since 2006.MercerRoslin Wright has rejoined Mercer as a principal and client relationship manager in the outsourcing business, having spent a stint as a client development director at Aon Consulting. KCS-content CITY MOVES | WHO’S SWITCHING JOBS Show Comments ▼ Monday 18 October 2010 7:25 pm whatsapp More From Our Partners Why people are finding dryer sheets in their mailboxesnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Tags: NULL whatsapp last_img read more

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Britain could get train upgrade

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 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 whatsapp KCS-content Tags: NULL Share Britain could get train upgrade whatsapp Show Comments ▼ Monday 22 November 2010 5:37 am Britain will replace its ageing Intercity Express trains with high speed electric trains, at a cost of £7.5bn, said newspaper reports yesterday. The department for transport refused to comment on the story, which appeared in the Sunday Times, and said an announcement if necessary would be made in due course. The report named Hitachi and John Laing as preferred bidders on contracts for the upgrade, which could be announced this week. last_img read more

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Talk Talk faces Ofcom probe over sales practices

first_img Share Monday 22 November 2010 7:52 pm 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 PastUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndo OFCOM said yesterday it was investigating whether fixed telephone line and internet services provider TalkTalk Telecom mis-sold services to customers.The communications regulator said it had received over 1,000 complaints relating to TalkTalk’s selling practices, the most common of which appeared to have been that customers were either mis-sold the fixed line telephone service or were switched from their provider to TalkTalk without their knowledge or consent. The complaints also relate to Tiscali UK, which TalkTalk acquired from the Italian internet service provider last year. Ever since TalkTalk has been trying to resolve legacy issues relating to the different types of service contracts offered by the internet firm. Both companies, which operate under the umbrella of TalkTalk Group, could face a substantial fine the regulator said. A statement from the company said: “TalkTalk is fully cooperating with Ofcom and will continue to provide all the information it needs to conduct its investigation. We continually review our sales processes and take any potential issues of mis-selling extremely seriously.” TalkTalk was already the subject of an investigation by Ofcom over billing errors. The firm had been accused of billing customers for services they had not received and Ofcom issued a notification warning it to get its house in order by 2 December. The firm could face a fine equal to 10 per cent of its relevant turnover if it is unable to do so. whatsapp KCS-content center_img Show Comments ▼ Talk Talk faces Ofcom probe over sales practices whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Tags: NULLlast_img read more

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The sweet seller’s son who wants to hold the chancellor to account

first_img Show Comments ▼ whatsapp VISITING Andrew Tyrie’s office is like being called to see the headmaster in an old-fashioned boarding school. The chairman of the Treasury select committee occupies a grand corner office in Westminster’s Norman Shaw North building, the former Scotland Yard HQ that now provides office space for MPs. Appropriately enough, Tyrie begins with a history lesson, having correctly surmised that I am not old enough to have lived through the Winter of Discontent. Peering over a pair of large, round glasses, he recounts how he stopped his grandmother from dying of hypothermia. “We used to keep her warm by heating up water on a Calor Gas stove, in the dark, by candle-light. I kid you not,” says Tyrie, a Tory MP who became the Treasury committee’s first elected chairman in June. “These Calor Gas things were like gold dust. We’d cluster round the heat, and then put the water into hot water bottles, and that would keep an octogenarian lady alive. It was a very different world.”His point is that the very “moral fabric” of the country was at risk in the 1970s and early 1980s, and there was very little agreement over how to solve Britain’s problems; politics was dominated by “hot disputes about the fundamental tenets of policy”. Conversely, Tyrie says the British political class now broadly agrees on how to deal with the parlous public finances, which were ravaged by the latest financial crisis. “If you look in the Commons, underneath all the clashing of cymbals that takes place inevitably in partisan politics, there’s quite a degree of consensus about the need for fiscal retrenchment, about the need to deal with the deficit and, broadly speaking, even the pace,” he explains.Labour wanted to halve the structural deficit over four years, which implied eliminating it altogether over seven, says Tyrie, whereas the coalition wants to eliminate it over five. He concedes the differences over timing, but insists “the view that we have to take quite radical decisions on fiscal retrenchment is orthodoxy across the whole of the political class”. Such a state of affairs suits Tyrie, who says he has never been a particularly partisan MP. Having run Ken Clarke’s campaign to become leader of the Conservative party in 2001 and again in 2005, most would place him on the more left-wing end of the Tory scale. In a neat coincidence, Tyrie was an ardent campaigner for a change in the way select committee chairmen were elected. Previously, the powerful posts were doled out by the whips, ensuring the chosen few were amenable to party leaders (commons whispers have it that David Cameron would have preferred Michael Fallon, Tyrie’s opponent). Armed with his mandate, Tyrie has set about making the Treasury committee more powerful than ever before. In an early victory, he secured a so-called “double lock” over the appointment of the head of the Office of Budget Responsibility, the body created by George Osborne to bring independence to the Treasury’s economic forecasts. The committee can now stop the chancellor from hiring or firing the OBR head, ensuring they “can’t be pushed out into the cold” if their forecasts prove politically unpalatable. “They can’t appoint a stooge and they can’t dismiss someone who’s being awkward. I’ve got a veto on both of those. That’s hugely helpful.” Tyrie breaks ranks with the chancellor over whether or not the OBR should be allowed to cost opposition policies, a possibility that has been roundly dismissed by Osborne. “I do think this would improve the quality of debate, around election time particularly,” says Tyrie. “There’s always this claim and counter claim about what costs what. It would depoliticise some of the work that officials maybe get cajoled into doing in Whitehall.” Elsewhere, Tyrie is proving particularly vocal over plans to replace Gordon Brown’s tripartite system of regulation with a new “twin peaks” model. A long time opponent of the tripartite model – which he dismisses as a “complete disaster” that resulted in “pass the parcel” responsibility – he is adamant that any new system should give supremacy to the chancellor. “I’ll be looking at who’s in charge when there’s a crisis: as soon as there’s taxpayer money involved, or any chance of taxpayer money becoming involved, it has got to be the chancellor,” he says. As chairman of the Treasury committee hearings, Tyrie is one of the few politicians who can haul publicity-shy figures in for a rare dressing down, in the closest thing Britain has to public hearings. His predecessor, Labour’s John McFall, gained notoriety for his fiery questioning of hedge fund managers, but Tyrie has little time for populist point scoring. “I’m not one of nature’s banker bashers. I think we’ve done quite a bit of that. They’ve made their share of blunders but so did almost everybody else, whether it’s the ratings agencies, the auditors, politicians, senior ministers, the governor of the Bank of England, the FSA, do I need to keep going? And then there’s us: there are corporations and individuals – they’ve also made their mistakes,” he says. “It’s ridiculous then to pillory only one group and to put all the blame on them, although it’s convenient for the other seven or eight.” Tyrie is more concerned with countering the “special pleading” that inevitably takes place in a period of fiscal retrenchment, with public sector groups and private firms lining up to argue why certain areas of spending should be spared the axe. “We mustn’t allow these people to take advantage of us, to entrench their special interests. If we manage to get their slice of the cake reduced, taxes could be lower than they would otherwise be.” The son of a sweetshop owner who later branched into furniture stores, Tyrie says his early memories of his father are of “someone thinking about what the takings are, about what’s coming in and going out”. It’s a history that is more than a little reminiscent of a certain grocer’s daughter, and Tyrie credits it with his passion for standing up for Britain’s “wealth creators”, those who own or work for private firms. Despite coming from the same political party, Tyrie has been a rather effective thorn in the side of the chancellor – at times more effective than the official opposition. Tony Blair – who also enjoyed a weak opposition – used to decapitate powerful Labour committee chairmen by giving them junior jobs in government, where they were forced to take the agreed line. In his memoirs, Chris Mullin, the former MP, recalls how he swapped the chairmanship of the Home Affairs committee for a lowly post working under John Prescott. Stymied and silenced, he eventually resigned and returned to the committee.Tyrie assures me that he will avoid the allure of a government job. “I have no plans to be a minister – I’ve just got myself elected to a wonderful job and I’m enjoying it a lot and learning a lot. I couldn’t be doing this job at a more interesting time and it is tough and testing, but what do you want to do in life?” ‘I’ve never been one of these people who spends his whole time thinking there’s something else he should be doing.”CV | ANDREW TYRIE Compiled by Martin Williams Age: 53Education: •Felsted independent school in Essex •Trinity College, Oxford, studying PPE •College of Europe, obtaining a postgraduate Certificate of Advanced European Studies•Wolfson College, Cambridge, earning an MPhil.Before parliament: •1981-1983: Worked at BP’s group head office •1983-1989: Advisor to advisor to Nigel Lawson and John Major, then Chancellors of the Exchequer•1990-1991: Fellow at Nuffield College Oxford•1992-1997: Senior economist at the European Bank for Reconstruction and DevelopmentIn parliament •1997: Elected MP for Chichester•2003-2004: Shadow Financial Secretary to Treasury•2004-2005: Shadow Paymaster General•2005-present: Founder and Chairman of the All-Party Parliamentary Group on Extraordinary Rendition•2010-present: Chairman of the Treasury Select Committee and the Joint Committee on Tax Law whatsapp More From Our Partners UK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com The sweet seller’s son who wants to hold the chancellor to account Share KCS-content Sunday 28 November 2010 8:02 pm Tags: NULLlast_img read more

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BEST OF THE BROKERS

first_img whatsapp Show Comments ▼ Sunday 12 December 2010 10:26 pm IMPERIAL TOBACCORBS rates the cigarette manufacturer a “buy” following the announcement of price increases. It notes that this should more than offset the impact of increased excise rates in Spain. Imperial’s profit pool should remain largely unchanged from FY10 and continued cost savings should allow the group to deliver marginal profit growth. The broker notes that its investment case remains intact and reiterates its £23.80 target price.AVOCET MININGEvolution Securities retains its rating of the gold mining company as “neutral”, with exploration in West Africa key. It notes that Avocet is worth less with the likely sale of southeast Asian assets and sets a target price of 225p/200p. But, the broker says that the potential success from the drilling programme next year could replace the company’s lost ounces.BAE SYSTEMSExecution Noble reiterates its “buy” rating, with shares falling by 19 per cent since October. BAE’s P/E discount versus the US peers has widened to 160 basis points. The broker says that recent beneficial moves in BAE’s pension discount rate, and the possibility of near term closing of the Platform Solutions disposal makes the discount excessive. KCS-content BEST OF THE BROKERS center_img whatsapp More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comConnecticut man dies after crashing Harley into live bearnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Share 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 PastUndoMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Tags: NULLlast_img read more

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Oberthur funding in doubt

first_img Show Comments ▼ whatsapp Thursday 13 January 2011 8:54 pm whatsapp DE La Rue’s share price has sunk 5.8 per cent to 787p since the start of the week as doubts surface over Oberthur Technologies’ ability to fund its 905p bid, worth £896m.Oberthur is in talks with several private equity houses about its offer, which it has until 7 February to finalise due to a “put up or shut up” order from the Takeover Panel.The move to give away a stake in its potential purchase suggests that Oberthur might not be confident of being able to take on the debt to buy all the equity outright. “It means that concerns about its abilities to raise financing are probably well-placed,” said a source close to De La Rue.However, there is also said to be interest from a range of non-private equity investors who could fund the deal. Oberthur now has a tight timeline for getting its financing together.The share price was also knocked by a 14p interim dividend pay-out. KCS-content Sharecenter_img 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’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Oberthur funding in doubt Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap Tags: NULLlast_img read more

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Hands’ hope for EMI cash

first_img whatsapp Hands’ hope for EMI cash Show Comments ▼ Share GUY HANDS, the private equity tycoon, has told investors he can recover £1.7bn of the cash he lost in British music group EMI.In a quarterly letter to shareholders, the Terra Firma chairman said he “remains hopeful of returning all of the capital” invested in EMI through the firm’s TFCP III fund.He added: “This will not be easy but we are encouraged by the prospects of our other investments in the fund and the potential acquisitions that our team are evaluating.”Hands first invested in EMI – the record label behind the Beatles and Coldplay – in 2007 with backing from Citigroup.He also said lawyers were continuing to appeal a decision last year that rejected Terra Firma’s claims it was duped into buying EMI by Citigroup The bank has since taken control of the music group and is now looking to sell it. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Tuesday 22 February 2011 9:06 pm KCS-content whatsapp Tags: NULLlast_img read more

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Generic rivals weigh on Bayer

first_img Generic rivals weigh on Bayer whatsapp Tags: NULL Monday 28 February 2011 8:12 pm Share DRUGMAKER Bayer’s new chief executive damped market expectations for underlying profit for the next two years as generic rivals weigh on its top-selling pharmaceuticals and after writing down some drug research projects.Germany’s largest drugmaker said yesterday it expects earnings before interest, taxes, depreciation and amortisation (Ebitda) to rise “toward” €7.5bn ($6.4bn) this year and to reach about €8bn in 2012.Analysts had factored in figures of €7.8bn and €8.5bn for 2011 and 2012, respectively. Sales from Bayer’s multiple sclerosis injection Betaferon are threatened by Novartis’s oral alternative as well as generic copies. Copycat versions of its Yasmin birth-control pill are also dampening revenue prospects.That prompted chief executive Marijn Dekkers to launch a round of job cuts shortly after taking over in October. He said yesterday that strained healthcare budgets would continue to be an additional burden on the business.“We expect (health system) reforms to have a significant negative impact in 2011 as well,” said Dekkers.Growth this year will likely be driven by a recovery from pesticides and chemicals, while a boost from a new drug will not kick in before next year.The drugs to chemicals group is pinning hopes on its anti-blood-clotting pill Xarelto which in November was shown to have mass-market potential in a late-stage trial. center_img Show Comments ▼ 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 PastPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity 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 whatsapp Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautRicky 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap KCS-content last_img read more

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Airlines slam BAA reaction to snow chaos

first_img whatsapp Airlines slam BAA reaction to snow chaos Share KCS-content whatsapp HEATHROW operator BAA came in for stiff criticism in front of the transport select committee yesterday, with airlines slamming the firm’s handling of the snow in December. Executives from Virgin Atlantic and British Airways told the committee that BAA’s organisation problems left thousands stranded. “At the end of the day, if the airport operators do not provide a service to us it is our customers that suffer and that is a situation that is not acceptable to us,” said BA’s operations director Andrew Lord.Virgin chief executive Steve Ridgway said communication between BAA and airlines had been poor compared to Gatwick, which he said worked more closely with carriers to minimise disruption.Both Virgin and BA called for rules that would allow the government to fine airports for poor performance. BAA chief executive Colin Matthews was apologetic, telling the committee: “We had planned for six centimetres of snow, in the event we got far more than that… We should have had a plan which envisaged much more snow.”BAA is due to publish its own report on the snow delays later this month. Ferrovial, BAA’s Spanish parent, also said yesterday it was studying offers for a 10 per cent stake in BAA, put up for sale to help pay Ferrovial’s debts. Chinese operator HNA was yesterday seen as a leading contender, though a Ferrovial spokesperson said no decision has been made. center_img Tags: NULL Show Comments ▼ 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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrap 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 PastHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusDental Implants | Search AdsNew Dental Implant Prices For Seniors May Surprise YouDental Implants | Search AdsBestWomensMag.com15 Abandoned Places on Earth that Will Leave You StunnedBestWomensMag.comHealth.recetasget5 Common Cancer Signs to Pay Attention ToHealth.recetasgetDaily Finance StoriesRemember Monica Lewinsky? Take A Look At Her Net Worth At Age 47Daily Finance StoriesDaily Sport XCelebrity Couples Who Are In It For The Long HaulDaily Sport X Tuesday 8 March 2011 8:03 pmlast_img read more

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