WHAT THE OTHER PAPERS SAY THIS MORNING
FINANCIAL TIMES
GORDON GEKKO TELLS WALL ST GREED IS NOT GOOD
Michael Douglas is playing a new and unlikely role as spokesman for the US Federal Bureau of Investigation in its war against corruption on Wall Street. The Hollywood actor – famous for his line “greed is good” in the 1987 film Wall Street – is sending a new message in a public service announcement, telling traders and brokers that insider trading is a serious crime.
NORTH SEA OIL PRODUCTION PLUNGES
Oil exploration activity in the North Sea fell by half last year to only 15 wells, the lowest level since the mid-1960s, according to the sector’s trade body. Annual production declined by 18 per cent, meanwhile, despite high prices.
CROSSRAIL TENDER FAVOURS UK
Ministers will today launch the tender for a £1bn contract to supply trains for the crossrail project with the government aiming to “level the playing field” for UK-based manufacturers. The coalition is seeking to load the process as far as legally possible towards a British factory.
BAD MANAGERS DAMAGING ECONOMY, WARNS REPORT
Almost half of British managers think their immediate superior is ineffective, says a Chartered Management Institute and Penna report. A “culture of bad management” is damaging the UK economy, it added.
THE TIMES
WIKILEAKS LIFTS LID ON SPYCRAFT OF THE SHADOW CIA
The murky world of corporate spycraft was exposed last night as WikiLeaks began publishing a huge trove of e-mails belonging to a company known as “the shadow CIA”. Julian Assange’s anti-secrecy group has obtained what it said were five million internal e-mails from Stratfor, a US security firm that provides intelligence to Government agencies and private companies.
FACEBOOK UNVEILS PLAN TO WREST APPS AWAY FROM APPLE
Facebook has laid down a direct challenge to Apple as it advances into the mobile internet market.
The Daily Telegraph
COSTA CRUISE LINER ADRIFT IN INDIAN OCEAN SIX WEEKS AFTER CONCORDIA DISASTER
A cruise liner from the same fleet as the stricken Costa Concordia was adrift in the middle of the Indian Ocean after a fire broke out in its engine room. More than 1,000 passengers, thought to include Britons, and crew were left stranded on board the Costa Allegra as it drifted, without engine power near the Seychelles.
FIRST-TIME SELLERS FIND THEMSELVES STUCK IN UNSUITABLE FLATS
Families looking to move into larger properties are finding themselves stuck in first-time buyer flats because they cannot sell their homes.
THE WALL STREET JOURNAL
WAL-MART GIVES HOLLYWOOD A HAND
The movie industry is recruiting Wal-Mart Stores to help attract users to its struggling online video-library service. Wal-Mart is in discussions to provide an in-store service that will assist customers in registering DVDs they already own with the movie industry’s UltraViolet system.
TRANSCANADA TO BUILD GULT COAST LEG OF KEYSTONE XL
TransCanada said it will move ahead with the US Gulf Coast leg of its contentious Keystone XL oil pipeline, a move expected to help ease a Midwest supply glut while Washington delays a decision on the bigger project.