NOMURA WALL CANDY IMPRESSES ART-LOVING FORMER LEHMANITES July 29, 2009 AND SO it emerges that Lehman Brothers is preparing to sell 650 of its prized modern and contemporary artworks at auction in the States this winter, hoping to raise a total of $1m for its creditors. (Not that the piddling amount will contribute much to levelling its $250bn debt pile, but every little helps, as [...]
No sign of vertigo as banks take the FTSE 100 higher May 19, 2009 THE FTSE 100 continued its upward momentum yesterday, propelled up by financials and miners, although gains were limited by figures that showed new US housing starts fell to record lows. The index closed 0.8 per cent, or 35.80 points, higher at 4,482.25, with investors showing no sign of vertigo from the recent hefty rises. “Despite [...]
Osama bin Laden’s driver is convicted August 7, 2008 A Military court yesterday convicted Osama bin Laden’s driver of supporting terrorism but acquitted him on the more serious charge of conspiring with Al Quaeda in the first US war crimes trial since World War Two. The trial of Yemeni captive Salim Hamdan at the remote US naval base at Guantanamo Bay in Cuba was [...]