CITY MOVES WHO’S SWITCHING JOBS July 15, 2012 The Supreme Court The UK’s final court of appeal for civil cases has announced that Lord Neuberger of Abbotsbury will become Britain’s top judge from October when he takes up the role of president of the Supreme Court. Our story on Friday 13 July contained an incorrect photograph, for which we apologise. Norton Rose The [...]
Whitefox to appeal Tate & Lyle case June 27, 2012 British group Whitefox Technologies is to appeal against a US court ruling made against it in a dispute with Tate & Lyle which an analyst said could win the London-based sweeteners and starch company over £10m. The trial before the Supreme Court of the State of New York related to equipment and technologies supplied by [...]
Stocks volatile over EU, banks and Obamacare June 28, 2012 US stocks fell yesterday but pared back sharp losses late in the session on talk of progress by European leaders in easing the region’s debt crisis, while the Supreme Court’s ruling upholding a landmark healthcare law hit large health insurers. Markets are especially skittish about any shift in expectations for the Eurozone as European Union [...]
Assange seeks asylum in Ecuador June 19, 2012 Wikileaks founder Julian Assange is seeking political asylum at Ecuador’s London embassy, the country’s foreign minister Ricardo Patino said. Last week the UK’s Supreme Court refused Assange’s bid to reopen an appeal against extradition to Sweden over alleged sex crimes he denies.
WALL ST THE WEEK AHEAD June 24, 2012 WALL Street navigated some potent obstacles last week – Greece’s elections and the Federal Reserve’s slashing its US economic growth forecasts – but the drama is not over. Investors say big gains will be hard to come by amid signs of slowing growth . The S&P 500 posted its second-biggest daily decline of the year [...]
Lehman battle in Supreme Court October 30, 2011 A long-running investor battle over the client money handled by Lehman Brothers’ European arm before the group collapsed is set to be resolved at a Supreme Court hearing opening today. Hedge fund GLG is appealing an earlier ruling which increased the number of investors who may be able to gain access to cash held, but [...]
Lehman battle in Supreme Court October 30, 2011 A long-running investor battle over the client money handled by Lehman Brothers’ European arm before the group collapsed is set to be resolved at a Supreme Court hearing opening today. Hedge fund GLG is appealing an earlier ruling which increased the number of investors who may be able to gain access to cash held, but [...]
Egypt court dissolves parliament June 14, 2012 Egypt’s supreme court ruled yesterday to dissolve the Islamist-led parliament, plunging a troubled transition to democracy into turmoil just two days before an election to replace ousted leader Hosni Mubarak. Islamists who gained most from Mubarak’s overthrow decried what they called a coup by an army-led establishment still full of Mubarak-era officials. They said the [...]
What the other papers say this morning August 20, 2012 FINANCIAL TIMES Citi chief rejects calls for bank splits Citigroup’s chief executive has knocked back the idea of big banks being split up after calls from people such as his predecessor Sandy Weill. Vikram Pandit said Citi, formed in Mr Weill’s time with mergers such as the acquisition of Travelers in 1998, had already gone [...]
Essar hit by tax case but plots FTSE 100 return June 25, 2012 ESSAR Energy, recently demoted from the FTSE 100, said yesterday its future was bright despite a tax dispute with authorities in India. The company said January’s ruling against tax breaks had pushed it to a pre-tax loss of $1.1bn (£707m) for the 15 months to 31 March. Essar changed its accounting period during the year [...]