Google raided by South Korea over privacy August 10, 2010 SOUTH Korean police said they raided Google’s Seoul office yesterday on suspicion that the internet giant had illegally collected data on users. Google has been preparing since late last year to launch its Street View service in the country and the data collection was related to the launch, police said. The probe in one of [...]
WHAT THE OTHER PAPERS SAY THIS MORNING August 9, 2010 FINANCIAL TIMES VOLATILITY IN WALL STREET TAKES IT TOLL ON TOP BANKS Goldman Sachs and Morgan Stanley each suffered at least 10 days of trading losses in the second quarter, underlining how turbulent markets have cast a pall on Wall Street since April. The banks’ trading results deteriorated sharply from the first three months of [...]
THE TIPSTER August 9, 2010 TOMORROW sees the latest interim results from FTSE 100 insurer Standard Life. Expectations are running high for a good performance with some market participants looking for underlying profits to have jumped ahead by 50 per cent in the first half of the year. After slipping to its worst levels in more than a year at [...]
BP faces fresh leak costs in $10bn lawsuit August 3, 2010 BELEAGUERED oil giant BP was hit by a $10bn (£6.27bn) legal headache yesterday in Texas, where it is being sued for a chemical leak completely unrelated to the Gulf of Mexico oil spill. Lawyer Tony Buzbee yesterday filed the class action lawsuit on behalf of 2,000 people who claim their health has been jeopardised by [...]
Is it the end for Fred after new setback? August 3, 2010 THE longevity of Andrew Flintoff’s career was thrown into question again yesterday when his long-awaited comeback from injury was curtailed by yet another setback. The injury-plagued 32-year-old was due to return to action with Lancashire’s second string this week after spending a year on the sidelines following two knee operations. But the all-rounder wasn’t deemed [...]
Unions plan national walkout August 2, 2010 BRITAIN is facing another winter of discontent, after unions were urged to coordinate strike action and plan a series of national walkouts. The Rail Maritime and Transport (RMT) union has called on public sector workers to down tools at the same time, in protest against swingeing cuts planned by the coalition government. The union, run [...]
How to find the perfect Maldives August 1, 2010 BEST FOR: SPA COCOA ISLAND Voted best hotel spa in Africa, the Middle East and the Indian Ocean in this year’s Condé Nast Traveller Readers’ Awards, Cocoa Island is the go-to resort for spa aficionados. The whole island is effortlessly chic with a neutral, natural vibe. Locally-sourced thatching and bleached driftwood blends seamlessly into the [...]
Knowing who is in charge is the key to success July 26, 2010 Twice in the past month, I’ve got back in touch with businesses with husband and wife teams at their core. In both cases, the businesses are doing well, and my hesitancy to not get involved because of the “power knot” may have been too strong. A girlfriend is considering buying a business with a friend [...]
Fall in love with lava in wild and woolly Iceland July 25, 2010 THIS year Iceland became infamous for the deeply inconvenient glacial eruption of “that” volcano – Eyjafjallajökull (pronounced “AY-uh-fyat-luh-YOE-kuutl-uh”). Its extraordinary qualities as a country were overshadowed by the chaos of grounded planes. Yet it is starkly beautiful and untamed, overflowing with adventure, history and plenty of volcanic action (brilliant to watch when it doesn’t spoil [...]
AIG settles in $725m Ohio fraud lawsuit July 18, 2010 INSURER American International Group (AIG) has been ordered to cough up $725m (£473.7m) in compensation to its Ohio pension fund shareholders, as part of a settlement of a long-running securities class action lawsuit against the firm. AIG was accused by the pension funds and the Ohio attorney general’s office of anti-competitive market practices, including a [...]