The Brooks Blog (Free subscription) | yesterday | Business
Details here .
naked capitalism (Free subscription) | yesterday | Business
Uber-bear Ambrose Evans-Pritchard waxes apolyptic this week, finding that Standard & Poors issued a report that was even more pessimistic than he is. From the Telegraph : The avalanche of bankruptcies has begun. Six US companies of substance have defaulted on bonds over the past fortnight, against 17 for the whole of last year. As a "non-believer" in the instant rebound story, I am not easily shocked...
Market Movers (Free subscription) | 09/05/2008 | Business
Apparently Citigroup is considering selling off as much as $400 billion in "non-core assets", including its retail banking operations in Germany. Is Citibank Germany really non-core? It would seem so. I bank with Citi in the US, and on Wednesday I used my ATM card to withdraw some euros from the Citibank on Friedrichstrasse in Berlin. The transaction has now appeared on my online banking statement....
Dr Rant (Free subscription) | 08/05/2008 | Business
After the roaring, internationally renowned, success that was the opening of T5 , Dr Rant thought it would be sensible to look at the privatisation of that other useless pinko-lefty commie organisation full-a-wasters, the Royal Mail . About time too! Dr Rant has for far too long had to suffer from a single national carrier that delivers 95% of it's first class letters next day, and a world-leading...
Liberal Conspiracy (Free subscription) | 07/05/2008 | Business
BAE Systems, the arms giant accused of making corrupt payments worldwide to win lucrative contracts, has admitted it acted unethically in the past.
Market Movers (Free subscription) | 08/05/2008 | Business
Michael de la Merced got a timely interview with BlackRock's Laurence Fink this week, and the resulting story is well worth reading. But one question is not cleared up: what does this mean, exactly, on the subject of the $15 billion of subprime paper that BlackRock is buying from UBS? Mr Fink is being cautious, demanding a 15pc return on the assets or UBS will have to take further writedowns, but...
Calculated Risk (Free subscription) | 08/05/2008 | Business
Martin Feldstein writes in the Financial Times: Misleading growth statistics give false comfort Prepositions matter. The recent government report that US gross domestic product increased 0.6 per cent in the first quarter was very misleading. It implied that economic activity was rising in January, February and March. But the increase actually refers to the rise from the average level in the fourth...
Man on the Street 64 (Free subscription) | 05/05/2008 | Business
"We are happy to invest in businesses that earn their money in the euro, or in companies that derive their earnings in Germany, or from the sterling in the UK, because I don't have a feeling that those currencies are going to depreciate in a big way against the dollar. "I'm willing to bet the dollar will weaken against other currencies over the longer term, so I feel no need to hedge those currencies."...
Pharmalot (Free subscription) | 04/05/2008 | Business
The pharmaceutical industry is taking a tough line in negotiations on drug pricing, offering to cut the $20 billion National Health Service bill for prescription medsl by roughly half the amount sought by the government, The Daily Telegraph writes. In secret negotiations, industry leaders have offered to cut the price of patented drugs by under 5 per cent, significantly less than the 10 per cent to...
Olly's Onions (Free subscription) | 01/05/2008 | Business
There were fears of financial meltdown yesterday as bankers finally lost all reason and became hysterical at the revelation that the Bank of England had assessed the losses from the credit crunch as less than previously feared . City traders took to the streets, wailing and tearing at their clothes, apparently driven to insanity at the news that the whole thing was containable. Psychologists diagnosed...
China e-Lobby (Free subscription) | 02/05/2008 | Business
Underground submarine base on Hainan Island exposed: The London Telegraph has the story (and pictures) on "a substantial harbour . . . which could house a score of nuclear ballistic missile submarines and a host of aircraft carriers." The Hainan base could pose a major threat to several southeast Asian nations, and is a sign on Communist China's increasing ambitions to be the hegemon in Asia and beyond,...
Pharmalot (Free subscription) | 01/05/2008 | Business
Pharma won a “stunning victory” over the National Institute for Health and Clinical Excellence, or NICE, which a UK Court of Appeal ruled had acted unfairly in refusing to allow Pfizer and Eisai full access to a computer model that was used to assess cost-effectiveness of their Aricept drug for Alzheimer’s, The Times of London [...]
The F-Word Blog (Free subscription) | 27/04/2008 | Business
Her final post is up at Problem Chylde. And when you've read that, you might want to go and re-read blackfemipower’s final post. Having Read The Fine Print is now invite only but the angry black woman is still around...
BLOGDIAL (Free subscription) | 30/04/2008 | Business
… the greed of a few bankers costs you your house … people scuffle over bags of rice in Walmart stores … and it gets mapped on GoogleEarth … BP announce 48% increases in profits, as petrol hits £1.10 a litre … anyone is surprised that the rich get richer … billions are found for destruction, at the sufferance of [...]
Autoblog (Free subscription) | 28/04/2008 | Business
Filed under: Motorcycles , India , Tata , Rumormill Click on the image above for pictures of the Brutale 910 R Volkswagen may not be the only auto manufacturer interesting in a storied Italian motorcycle maker. Hot on the heels of its purchase of Jaguar and Land Rover, rumors are swirling that Tata may be considering purchasing a stake in MV Agusta. According to a few Indian and Italian sources, Ratan...
