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Photos Katy Perrys Hollywood Home
Katy Perry has reported bought three adjoining pieces of property for $11.2 million, according to The Real Estalker blog, one of which holds a modern home previously owned by Conan O'Brien's band leader Max Weinberg. The Weinberg home was purchased for $3 million by a trust held by Katy Perry's manager. Built in 1953, the home has 5 bedrooms and 3 ...
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Immigration Bill Could Create DMZ
Immigration reform took a big step when a bipartisan bill passed through the Senate Judiciary Committee this week. The 844-page measure--which also gained the endorsement of a group of pro-business economists--goes to the full Senate for consideration. While traditionally pro-immigration analysts and business interests applaud the effort, the current measure as it stands has set off alarms over ...
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Judge Favors US in Apple E-Books Case
Apple engaged in a conspiracy with publishers to increase e-book prices.U.S. District Judge Denise Cote, who is set to oversee a trial on June 3, gave her view during a pretrial hearing on Thursday.While she stressed that the view was not final and that she had read only some of the evidence so far, her comments could add to pressure on Apple to settle the lawsuit, in which the Justice ...
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Tory MP Garnier Challenges Barclays Reforms
A member of the Parliamentary Commission on Banking Standards has launched a blistering attack on Barclays' efforts to rehabilitate its reputation under its new chief executive, Antony Jenkins. In comments to Sky News, Mark Garnier, a Conservative MP whose earlier career included a stint as an investment banker, said the bank was failing to deliver on a pledge to become a more ...
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New Indonesian Central Bank Chief To Focus on Inflation Amid Political Pressure
Former Finance Minister Agus Martowardojo began a five-year term as Indonesia's central bank governor Friday, taking the reins as Southeast Asia's biggest economy faces the prospect of higher inflation and political uncertainty ahead of general elections scheduled for next year.Mr. Martowardojo's immediate priority will be maintaining price stability as the government prepares to ...
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World stocks stabilize after big sell-off
MOSCOW (AP) -- World stocks stabilized on Friday, a day after global markets dropped sharply on concerns global growth is slowing and the Federal Reserve could start scaling back its monetary ...
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New PG CEO to get base salary of $2 million
Former Chairman of the Board, President and Chief Executive Officer of Procter & Gamble A.G. Lafley speaks during the World Business Forum in New York October 6, ...
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Global shares steady but stimulus fears still present
LONDON (Reuters) - World share markets looked vulnerable to further falls on Friday, with better economic news from Europe doing little to encourage investors who are worried that central bank stimulus may ...
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Abercrombie shares slide after earnings disappoint
+0.48% reported a first-quarter loss of $7.2 million, or $0.09 a share, narrower than the loss of $21.3 million, or $0.25 a share, a year earlier. Revenue fell 9% to $838.8 million, from $921.2 million a year earlier, the retailer said Friday. Analysts had expected a loss of $0.05 a share on revenue of $938 million, according to FactSet. The retailer said it expects second-quarter EPS of $0.28 ...
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EU to Restrict 3 Pesticides Suspected of Killing Bees
European Union authorities Friday announced broad restrictions on three insecticides suspected of causing mass bee deaths.The insecticides--clothianidin and imidacloprid, made mainly by German chemical giant Bayer AG (BAYN.XE), and thiamethoxam, made by Syngenta (SYNN.VX)--will be restricted for use on crops and seeds that attract bees. The crops include corn, cereals, sunflower and oilseed ...
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European Shares Slump Amid C-Bank Worries
World share markets looked vulnerable to further falls on Friday, with better economic news from Europe doing little to encourage investors who are worried that central bank stimulus may curtailed. MSCI's world equity index, which shed 1.4 percent for its second biggest daily loss of the year on Thursday, was virtually unchanged, with losses in Europe cancelling out a rise of nearly one ...
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Cathay Financial to Sell up to 400 Million Shares in Rights Issue
Cathay Financial Holdings Co. (2882.TW) said Friday that it plans to sell up to 400 million shares in a rights issue and estimates the transaction to be completed by the third quarter, pending regulatory approval.In a statement, the company said the purpose of the sale is to inject fresh capital into its banking unit.Cathay, the biggest financial conglomerate by listed assets in Taiwan, is one ...
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HSBC Actively Supporting Regulators to Improve Financial Stability
Financial services company HSBC Holdings PLC (HSBA.LN) Friday said it is actively supporting governments and regulators to improve financial stability, and reaffrirmed its expectation to generate a further $2 billion to $3 billion in savings over the next three years.MAIN FACTS:-Continues to manage costs and streamline processes and procedures.-Refined cost efficiency target to focus on ensuring ...
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Online learning gets fresh look from a heavyweight
digital badges want to know. So far, these institutions have gotten away with their leave-us-alone position, but hungry high-tech entrepreneurs and venture capitalists have trained their sites on the college classroom. An online learning revolution? A potentially revolutionary change that has garnered the most interest is online education. The biggest gorilla in this space are the MOOCs, ...
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How to take a serious bite out of corporate tax avoidance | Prem Sikka
gnash their teeth and the corporate merry-go-round continues.It is time to completely revamp the global corporate tax system and I've got an ...
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Standard Chartered defends loan book quality while HSBC slips on US worries
worries about its loan book. The Asia-focused bank was hit by reports that Carson Block of China specialist Muddy Waters had shorted its debt because he was concerned about loan quality, which he said could come under stress when the Chinese economy slowed down.But the bank's chief executive Peter Sands said its appetite for lending had not changed and its loan book was in good condition. ...
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Markets German business confidence up in May for first time since February
See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management ...
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U.S. ITC wont ban Microsofts Xbox as Google requests
IDG News Service - The U.S. International Trade Commission has turned down a request for a ban on Microsoft's Xbox after finding that the gaming device did not infringe a patent owned by Google's Motorola Mobility unit. The ITC's ruling Thursday has essentially confirmed an initial ruling by administrative law judge David P. Shaw in March that the Xbox did not infringe a Motorola ...
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Bank’s Lobbyists Help in Drafting Bills
WASHINGTON -- Bank lobbyists are not leaving it to lawmakers to draft legislation that softens financial regulations. Instead, the lobbyists are helping to write it themselves. One bill that sailed through the House Financial Services Committee this month -- over the objections of the Treasury Department -- was ...
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UK Was Six Hours From Running Out Of Gas
Britain was six hours from running out of gas in March, it has been reported. High demand during record cold temperatures during the month combined with a pipeline fault to drive stores of gas "dangerously low", the Crown Estate said. But National Grid, which pipes gas around the UK, insisted the nation has "substantial resilience" and diverse supply sources, including ...
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European stock markets steadier after sharp losses
European stock markets rebounded modestly at the start of trading on Friday following sharp losses suffered the previous day. London's benchmark FTSE 100 index rose 0.23 percent to 6,712.15 points, Frankfurt's DAX 30 gained 0.46 percent to 8,390.16 points and in Paris the CAC 40 climbed 0.36 percent to 3,981.27. European stock markets had slumped on Thursday, with most indices ...
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StanCharts Sands says Muddy Waters debt bet misplaced
STAN.L ) chief executive Peter Sands denied U.S. activist investor Muddy Waters' claim that the bank has taken on too much risk, saying its loan book was in a good condition and there is no change in risk appetite for ...
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Academics back BPs fight to cap oil spill payouts
BP.L ) fight to cap the U.S. oil spill compensation payouts it has to fund as the cash outflow threatens to add billions of dollars to its bill for the ...
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HSBC urges acceleration of banking reform
HSBA.L ) Chairman Douglas Flint said on Friday the pace of reform in the banking industry must be accelerated to avoid investor confidence in the sector being ...
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BRIEF-Cadiz sees FY earnings of 2.2 cents per share
JOHANNESBURG | Fri May 24, 2013 6:21am EDT JOHANNESBURG May 24 (Reuters) - Cadiz Holdings Ltd : * FY basic and diluted earnings and headline earnings are expected to be 2.2 cents per ...
Sacramento Featured
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Sacramento vulnerable to massive disaster
If a major earthquake were to occur tomorrow, Sacramento could potentially be devastated by massive flooding on-par with that seen in New Orleans during Katrina. The state’s major fresh water systems would be destroyed and 25 million would be without fresh water, while millions would lose their homes, but for all this, funding to upgrade the city’s levees is hard to come by.
When Hurricane Katrina barreled into US states along the Gulf Coast in 2005 it caused chaos and devastation in a part of the world considered among the most developed and stable. Read more
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