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financial times Starts Middle East Edition
By Robert MacMillan NEW YORK (Reuters UK) - The Financial Times plans to start a Middle East edition to serve what it sees as a growing demand for business news in the Gulf states and other parts of the region. The paper, which will be the...
Why the financial times Makes Money as Others Flail
Almost overlooked amidst the flood of red ink flowing from newspaper companies lately, is the remarkable success of The Financial Times (FT), most certainly one of the best business rags in the world. No U.S. newspaper can yet compete with the salmon-colored FT for its overseas...
Publisher Pearson Says Makes Good Start to 2008
LONDON (Reuters UK) - Publisher Pearson (PSON), the owner of the Financial Times newspaper and Penguin books, said on Friday it had made a good start to 2008 and was trading in line with its expectations. "We expect another year of good earnings growth, even in...
Alliances and Risk: Securing a Place in the Victory Parade
Large companies once embraced joint ventures to share the risk of large projects, but their motives today are more diverse. The article suggests that alliances can help companies hedge between competing technology standards and reduce the costs of major strategic change by bringing new skills to a participating company. An...
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UBS executive held by US authorities in tax evasion probe
ZURICH (AFP) — UBS bank said on Wednesday that one of its senior executives had been detained by United States authorities, with the status of a witness, in relation to a tax evasion investigation. "We are cooperating with the authorities, but it is too early to say what...
India's Bharti says no offer yet for MTN but still talking
NEW DELHI (AFP) — India's top mobile phone Bharti Airtel denied on Tuesday a media report that it had made a 19-billion-dollar offer to take control of South Africa's flagship MTN telecom operator. Bharti Airtel, which said Monday it had begun exploratory talks with MTN on a possible...
Straight shooters
INSIDE STORY Ahead of its report on The Power of the Commentariat, Charles Burgess and Stephen Fleming of Editorial Intelligence look at the national newspaper commentators who have shaped public opinion on the biggest question of all - Iraq FINANCIAL TIMES ...
Hawaii community tries to preserve wild North Shore
KAHUKU, Hawaii -- Far from the bustle of tourist-filled Waikiki, a rare stretch of undeveloped Hawaii beachfront on Oahu's North Shore has long been under dark clouds of economic troubles and fears of irreparable environmental loss. Now, the state is stepping in to offer what Gov. Linda...
Yahoo open to further talks with Microsoft: report
NEW YORK (AFP) — Yahoo is willing to negotiate further with Microsoft, top executive Jerry Yang said in an interview Tuesday, as he defended his handling of the aborted takeover bid. "We were totally willing to do a transaction, and they walked away," Yahoo CEO Yang told the...
ArcelorMittal, China's Angang Steel discuss possible tie-up: report
BEIJING (AFP) — ArcelorMittal, the world's biggest steel maker, is eyeing a stake in China's Angang Steel in its latest foray into the enormous Chinese market, the Financial Times said on Monday. Lakshmi Mittal, the Indian billionaire and chief executive of ArcelorMittal, proposed buying a near 25-percent stake...
The perils and pitfalls facing today's historians
Richard Ingrams' Week The story of Martin Allen, the self-styled "eminent historian" who published a book in 2005 accusing my father of assassinating Heinrich Himmler on the orders of Winston Churchill, was revived last week in The Financial Times. Ben Fenton, the journalist who...
Corporate Strategies to Replay Discussion of Goldman Sachs, Merrill Lynch, UBS, JPMorgan Chase and Other Investment Banks in Auction Rate Securities Probe on Friday, May 2, 2008 at 10:00 a.m. ET
Auction Rate Securities Sales Practices to be Investigated by SEC, FINRA HOUSTON, May 1 /PRNewswire/ -- Due to requests from the investment community the April 11th Auction Rate Securities show will be replayed at 10:00 a.m. Eastern time, Friday, May 2nd. The Financial Times has reported that,...
Research and Markets: Tightening Budgets Are Affecting Dining-out Patterns in the United States
DUBLIN, Ireland -- Research and Markets (http://www.researchandmarkets.com/reports/c90337) has announced the addition of "Attitudes Towards Dining Out in the United States 2008" to their offering. About this report This report delves into the mind of the restaurant customer, examining how tightening budgets are affecting dining-out patterns, and...
RBS signals job cuts in wake of ABN Amro takeover
LONDON (AFP) — Britain's Royal Bank of Scotland said Monday that there will be job losses over the next two years following the recent blockbuster takeover of Dutch lender ABN Amro. Britain's second biggest bank made the announcement after the Financial Times reported that RBS could axe around...
Unilever, Procter and Gamble in British consumer watchdog probe: report
LONDON (AFP) — Two giant household products firms were contacted by Britain's consumer watchdog over a probe that also includes four of the country's biggest supermarket chains, the Financial Times said Monday. According to the business daily, which quoted a Procter and Gamble spokesperson, the Office of Fair...
Facts and accuracy have been sold down the river
Errors & Omissions by Guy Keleny Water flows downhill. Consequently, the source of a river is higher than its mouth. Accordingly, if you are moving along the river towards the sea, you are said to be moving downriver. The opposite direction, away from the sea, is upriver....
Deutsche Bank says it would be interested in Citigroup Germany
FRANKFURT (AFP) — Deutsche Bank, the biggest German bank, said on Friday it would be interested in acquiring the German activities of Citigroup if the US banking giant wanted to sell them. "We would look at it if we were asked," said Juergen Fitschen, a Deutsche Bank manager...
Lay off China, Olympics chief tells West
LONDON, April 26, 2008 (AFP) — IOC president Jacques Rogge told Western countries to stop hectoring China over human rights in the run-up to the 2008 Beijing Games, in an interview with a British newspaper published Saturday. "We owe China to give them time," the International Olympics Committee...
Deutsche Bank lining up European loan sale: report
FRANKFURT (AFP) — The biggest German bank, Deutsche Bank, is getting set to unload several billion dollars in loans, a press report said on Thursday in a sign that corporate credit markets could be starting to rebound. The deal, which the Financial Times said could be announced next...
Infineon quarterly losses widen
FRANKFURT (AFP) — The German electronic components maker Infineon reported Wednesday a sharp net loss in the second quarter of its fiscal year, in large part owing to its loss-making chip unit Qimonda. Infineon said its net loss had widened to 1.37 billion euros (2.2 billion dollars) in...
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