News archive from 3 February 2011

Visa profit rises 16 percent but shares fall

But shares fell about 1.4 percent in after-hours trading, as the company failed to post the outsize profits investors have come to expect. Visa also has yet to address investor fears about how it will cope with looming U.S. regulation. "It was a...

Reuters, 22:01 in Business
 
Wheatley to run new financial regulator

Wheatley to run new financial regulator

He has also been confirmed as CEO designate of the Consumer Protection and Markets Authority (CPMA) -- expected to be established by the end of 2012 and one of two regulatory bodies that will be formed from the division of the FSA. The CPMA will have...

Reuters, 22:02 in Business
 

Pfizer Viagra plant closure and loss of 2400 jobs 'will devastate East Kent' says Tory MP

"This closure exposes the Government"s vacuous claim that the private sector will compensate for its brutal cuts" John Denham, the shadow business secretary, accused the Government of making the "wrong choices" and...

 
News Corp profit boosted by TV income

News Corp profit boosted by TV income

Rupert Murdoch's News Corporation said income at its television businesses had helped its profits jump 150% in the last three months of 2010. The company made $642m (£385m) in the period from $254m a year earlier, on sales up about 1% to $8.76bn. The...

BBC, 22:04 in Business
 
THE CITY INTERVIEW: Dido's mission to polish away growing pains

THE CITY INTERVIEW: Dido's mission to polish away growing pains

Rotten indeed. Last month, TalkTalk achieved the dubious distinction of receiving the Daily Mail's wooden spoon as Britain's worst organisation for customer service. Our readers complained of rude, insensitive staff, calls not being returned and emai...

 
Imperial sparks up a cigar to celebrate sales growth

Imperial sparks up a cigar to celebrate sales growth

The recovery in trading was led by strong growth in eastern Europe, Africa and the Middle East while its mature markets in western Europe provided good revenue growth. This prompted chief executive Alison Cooper to increase the dividend ratio from...

 
Bolton 1 Wolves 0: Dream start for loan striker Daniel Sturridge

Bolton 1 Wolves 0: Dream start for loan striker Daniel Sturridge

Wolves began the second half the brighter and Hammill embarked on a mazy run that ended with the midfielder seeing his shot blocked by Zat Knight. Bolton responded and, after Kevin Davies had stabbed a corner towards the net, Lee's flick from almost...

Daily Mail, 22:32 in Sport
 
LAFFERTY STRIKE SEES OFF HEARTS

LAFFERTY STRIKE SEES OFF HEARTS

Kyle Lafferty grabbed the only goal of the game as Rangers avenged last month's defeat to Hearts with a win over the Edinburgh side in the Clydesdale Bank Premier League at Ibrox. Lafferty pounced in the opening minutes before El-Hadji Diouf was...

Daily Star, 23:38 in Sport
 
Masters of the universe: meet the world's best paid men

Masters of the universe: meet the world's best paid men

There are some in this world who look upon bankers' pay as small change. They wouldn't even consider getting out of bed for the $15m (£9.4m) Goldman Sachs says it might end up paying its boss Lloyd Blankfein this year. Such a trifling pay packet...

BBC, 23:44 in Business
 
Former Bundesbank chief warns against rising inflation

Former Bundesbank chief warns against rising inflation

As the European Central Bank (ECB) meets this week to decide its interest rate policy, a hawkish voice from the past has been raising concerns about rising inflation. He is Helmut Schlesinger, 87, who served as the President of Germany's central...

BBC, 23:44 in Business
 
Mostly cloudy: Companies 'underestimate the disruptive cloud'

Mostly cloudy: Companies 'underestimate the disruptive cloud'

Each week we ask chief technology officers and other high-profile tech decision-makers three questions. This week Ettienne Reinecke, Chief Technology Officer at Dimension Data, is providing the answers. Ettienne Reinecke says cloud computing is...

BBC, 23:44 in Business
 
Kenny Dalglish's sure touch unveils foraging foursome to fear

Kenny Dalglish's sure touch unveils foraging foursome to fear

A 28-minute debut against Stoke City is no basis for judging a £22.8m signing but Luis Suárez has already helped Liverpool kick Fernando Torres into history. Like El Niño four years ago, Suárez scored on his Anfield debut and enlivened a crowd who had...

Guardian, 23:46 in Sport
 
Got a problem - put your electric thinking cap on

Got a problem - put your electric thinking cap on

Scientists have made people better problem solvers by applying tiny electric currents to their brains. A gentle zapping appeared to free people from taking narrow approaches to cognitive tasks, by stimulating some regions of the brain and dampening...

 
Miners, banks lift FTSE, U.S. data boosts sentiment

Miners, banks lift FTSE, U.S. data boosts sentiment

The FTSE 100 index .FTSE closed up 42.25 points, or 0.7 percent, at 6000.07, extending Tuesday's 1.6 percent rise. The index has recovered from a sharp dip at the beginning of the week as the focus has shifted from the political troubles in the Middle...

Reuters, 23:57 in Business
 
Google plays catch-up with Apple in tablets

Google plays catch-up with Apple in tablets

Google showcased on Wednesday the first version of its Android software designed to run on tablets with larger screens and greater computing horsepower, allowing for a sleeker and theoretically faster interface with built-in video conferencing. The...

 


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