Deripaska appoints GM chief June 15, 2009 Russian indebted carmaker GAZ said yesterday it had invited a former General Motors executive to head its board of directors. The group, owned by tycoon Oleg Deripaska, said former purchasing chief Bo Andersson had expressed his agreement to take the post. GAZ, along with Russia’s largest lender Sberbank and Canadian car parts group Magna is [...]
Arsenal keep Usmanov at arm’s length by rejecting proposal for rights issue July 8, 2009 ARSENAL’S second largest shareholder Alisher Usmanov last night responded frostily after the Premier League club rejected his proposal of a rights issue. Gunners chief executive Ivan Gazidis said yesterday that the board had discussed the fund-raising exercise but concluded it would not greatly improve their financial position. Usmanov, who owns a 25 per cent stake [...]
Arsenal keep Usmanov at arm’s length by rejecting proposal for rights issue July 8, 2009 ARSENAL’S second largest shareholder Alisher Usmanov last night responded frostily after the Premier League club rejected his proposal of a rights issue. Gunners chief executive Ivan Gazidis said yesterday that the board had discussed the fund-raising exercise but concluded it would not greatly improve their financial position. Usmanov, who owns a 25 per cent stake [...]
Goldman man in theft case July 6, 2009 A FORMER Goldman Sachs computer programmer is facing trial over claims that he stole secret trading codes from the firm and published them on a German website. Sergey Aleynikov, 39, was arrested last week and yesterday saw his bail set at $750,000 (£461,000) over charges of “theft of trade secrets”. Authorities have not yet confirmed [...]
Goldman man in theft case July 6, 2009 A FORMER Goldman Sachs computer programmer is facing trial over claims that he stole secret trading codes from the firm and published them on a German website. Sergey Aleynikov, 39, was arrested last week and yesterday saw his bail set at $750,000 (£461,000) over charges of “theft of trade secrets”. Authorities have not yet confirmed [...]
Campari’s chief is taking a breather before returning to the M&A trail October 25, 2009 Having forked out a cool $2bn (£1.2bn) on 16 separate acquisitions over the past 15 years, it is no wonder that Campari – the world’s sixth largest drinks firm – is now calling for a temporary halt to the spending. Its chief executive, Bob Kunze-Concewitz, recently struck a cautious note due to the downturn that [...]
Aggression the key to our domination, says Venus July 1, 2009 DEFENDING champion Venus Williams believes her and sister Serena’s monopolisation of Wimbledon is down to one trait: aggression. Between them they have won the title in seven of the last nine years and are firmly on course to improve that record this weekend. Defeat for either of the Californians in today’s semi-finals would constitute one [...]
Aggression the key to our domination, says Venus July 1, 2009 DEFENDING champion Venus Williams believes her and sister Serena’s monopolisation of Wimbledon is down to one trait: aggression. Between them they have won the title in seven of the last nine years and are firmly on course to improve that record this weekend. Defeat for either of the Californians in today’s semi-finals would constitute one [...]
CITY MOVES WHO’S SWITCHING JOBS July 26, 2009 ExecutionThe agency broker has appointed Bruce Howitt, formerly a director of Merrill Lynch’s fixed income business, to head up its newly created agency credit division. Howitt, who will become head of European credit at Execution, previously spent six years with Merrill Lynch, where he managed the non-financials trading desk. He has also formerly held senior [...]
Weststar eyes vanmaker LDV June 9, 2009 Malaysian group Weststar emerged as a potential buyer for the assets of failed vanmaker LDV yesterday, one of three contenders for the acquisition. The news comes after most of LDV’s 850 staff were made redundant earlier this week. Weststar was forced to walk away from a takeover deal last month when it failed to secure [...]