News archive from 14 August 2012

BlackRock hires Putnam's Geer for stock fund push

BlackRock hires Putnam's Geer for stock fund push

Geer's hiring is aimed at improving New York-based BlackRock's somewhat struggling active equity team that Chief Executive Laurence Fink has promised to bolster. And Geer's specialty, dividend-paying stocks, is one of the few hot equity categories...

Reuters, 22:09 in Business
 

Five Things to do at Edinburgh Fringe: Monday 13 August

Your pick of the Fringe nights out. MUSIC A TAPESTRY OF MANY THREADS: Writer Alexander McCall Smith and composer Tom Cunningham celebrate a century of vibrant and colourful Dovecot tapestries in the world premiere of this dramatised production,...

 

TV to show Rossendale's gravy wrestling

ONE of Rossendale’s most famous events is set to reach its biggest audience ever this year – as television chiefs will be in town to capture the glory. The World Gravy Wrestling Championships, held annually at Stacksteads’ Rose ‘n’ Bowl pub, is to be...

 

Three die in Texas campus shooting

A gunman and a police officer were among three people killed in a shooting near a Texas university campus, police said. A male civilian was also killed, while two other officers and a woman were injured in the shooting near Texas A&M University at...

 
THREE DIE IN TEXAS CAMPUS SHOOTING

THREE DIE IN TEXAS CAMPUS SHOOTING

A male civilian was also killed, while two other officers and a woman were injured in the shooting near Texas A&M University at College Station, said Bryan police department spokesman Jon Agnew. Assistant College Station police chief Scott...

 
Ex-Barclays trader Merchant, under LIBOR scrutiny, exits UBS

Ex-Barclays trader Merchant, under LIBOR scrutiny, exits UBS

Merchant, who worked for Barclays in New York from 2006 to 2009, is being looked at by U.S. authorities over his activities while working at Barclays' (BARC.L) swaps desk in New York. Merchant's lawyer, John Kenney, was not immediately available for...

Reuters, 22:37 in Business
 
Tesoro eyes West Coast empire with BP refinery deal

Tesoro eyes West Coast empire with BP refinery deal

Shares in Tesoro shot up more than 9 percent, trading at $38.75. If regulators approve the purchase, the independent refiner will have three plants in California alone as well as three refineries elsewhere in the Pacific region -- in Washington,...

Reuters, 22:37 in Business
 
Groupon quarterly revenue misses Street, cites Europe

Groupon quarterly revenue misses Street, cites Europe

Groupon Chief Financial Officer Jason Child said Europe's weak economy and currency fluctuations dented results. He also said the company is working to improve the company's performance in that region. Revenue was $568.3 million, compared with $392.6...

Reuters, 22:37 in Business
 

CITY FOCUS: Hard work solving the jobs puzzle as employers warn of further cuts if economy does not improve

When a retailer blames inclement weather for a slump in profits it is best to react with a healthy dose of cynicism. But when a recruitment firm says it is struggling because firms are axing jobs or aren't hiring it is easier to sympathise. White...

 

MARKET REPORT: United Utilities may turn on takeover tap

Considered by many fund managers to be a safe port in a eurozone storm because of its attractive 5 per cent-plus yield, United Utilities has lately been attracting the attention of some thirsty professional punters. Shares of Britain's largest listed...

 

EDF wants taxpayers' cash to pay for nuclear power

The boss of energy giant EDF has demanded taxpayer subsidies for nuclear power to lock in prices almost three times the current level. The French-owned company is preparing to build a raft of reactors across the UK. But before it commits to the...

 

Verint to buy Comverse Technology

Verint will issue shares to Comverse Technology's shareholders worth as much as 27.5 million of its common shares. This translates to $780.7 million, based on Verint's Friday close of $28.39. Comverse shareholders will also receive an additional $25...

 

Stelios coup fails to oust easyJet chairman Sir Michael Rake

EasyJet founder Sir Stelios Haji-Ioannou received his second bloody nose from the carrier's shareholders this year, after they voted against his plan to oust the airline's chairman. Sir Michael Rake, who is also deputy chairman of Barclays Bank,...

 

Three die in Texas campus shooting

Aug 13 2012 A gunman and a police officer were among three people killed in a shooting near a Texas university campus, police said. A male civilian was also killed, while two other officers and a woman were injured in the shooting near Texas A&M...

 

Two killed in Texas uni shooting

Aug 13 2012 A police officer and a civilian have been killed in a shooting near Texas A&M University's campus. The gunman was also shot before being taken into custody, said Assistant Chief Scott McCollum. He said the officer killed was a...

 


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