News archive from 19 January 2012

Seven charged in $62 million Dell insider-trading case

Seven charged in $62 million Dell insider-trading case

The FBI in New York arrested four people on Wednesday and authorities announced previously secret charges against three others, making it one of the largest sweeps in the government's probe. The seven charged worked for five different hedge funds and...

 
EBay reports jump in its profits

EBay reports jump in its profits

The internet auction site eBay has reported a big jump in its quarterly profits. Net income for the last three months of 2011 came in at $1.98bn (£1.28bn), up from $559m in the same period last year. "We had a strong fourth quarter finish to an...

BBC, 22:12 in Business
 

Xilinx shares up after upbeat Q4 outlook

The maker of programmable chips, expects revenue to grow 2 percent to 6 percent sequentially in the fourth quarter to $521.2 million to $541.8 million. Analysts were expecting revenue of $533.3 million for the period. "People were expecting the...

 

EBay results top estimates but outlook is cautious

The e-commerce company's shares were up nearly 2 percent in after-hours trading, even though eBay gave a cautious outlook for first-quarter profit and revenue. The company reported fourth-quarter net income of $2 billion, or $1.51 a share, compared...

 
RBS slammed for pulling plug on Peacocks rescue

RBS slammed for pulling plug on Peacocks rescue

Fashion group Peacocks, which employs 10,000 staff and has 700 stores, has fallen into administration in one of the biggest retail collapses since the 2008 Woolworths downfall. The firm, which last night announced the appointment of KPMG as...

 
CITY INTERVIEW: CAA chief sets a course for new runways

CITY INTERVIEW: CAA chief sets a course for new runways

Of all the regulators privatised during the 1980s by Margaret Thatcher and in the John Major years which followed, the CAA has a reputation for being the least interventionist. This is largely because when the legislation setting it up was passed many...

 

Monti, Cameron want EU to push for growth

On his first visit to Britain since taking office in November as the head of a technocratic government, Italian Prime Minister Mario Monti held talks with counterpart David Cameron, who has found himself isolated in the EU after refusing to sign up to...

Reuters, 23:14 in Business
 
Lloyds axes 700 jobs as part of earlier job cut plan

Lloyds axes 700 jobs as part of earlier job cut plan

Last June, chief executive Antonio Horta-Osorio said the bank would axe 15,000 jobs and halve its international presence as part of a restructuring designed to save 1.5 billion pounds a year by 2014. Lloyds said it would look to redeploy those...

Reuters, 23:14 in Business
 

Chipmakers rise on upbeat revenue outlooks

Shares surged on expectations an inventory correction is nearing its end following Linear's report, which was reinforced by the later report by programmable chipmaker Xilinx. Chipmakers including Freescale Semiconductor, Fairchild Semiconductor and...

 
Sopa: US backers end support for anti-piracy bill

Sopa: US backers end support for anti-piracy bill

Eight US lawmakers have withdrawn their backing from anti-piracy laws, amid "blackout" protests on thousands of internet sites. Two of the bill's co-sponsors, Marco Rubio from Florida and Roy Blunt from Missouri, are among those backing...

 
WRESTLING: YANA STADNIK WON'T WRESTLE WITH CONSCIENCE

WRESTLING: YANA STADNIK WON'T WRESTLE WITH CONSCIENCE

YANA STADNIK is a bright young woman who fights for a living. Bruises and pain are part of her stock in trade. But never before has she felt quite so under attack and vilified as she does at the moment. It is little wonder she regards the world...

 
CELTIC SIGN 'NEW LIONEL MESSI' AS ANTHONY STOKES URGES GARY HOOPER TO STAY

CELTIC SIGN 'NEW LIONEL MESSI' AS ANTHONY STOKES URGES GARY HOOPER TO STAY

CELTIC have agreed a deal in principle to sign Nigerian international playmaker Rabiu Ibrahim who has been labelled Africa's answer to Barcelona's Lionel Messi. It is is the second transfer move by the Hoops in 24 hours coming after a pre contract...

 
KILMARNOCK'S GARY HARKINS HAPPY AT ENDING BROKEN DREAMS!

KILMARNOCK'S GARY HARKINS HAPPY AT ENDING BROKEN DREAMS!

KILMARNOCK comeback king Gary Harkins has told how a New Year x-ray revealed he’s been playing with a fractured ankle for the best part of four years. The 27-year-old was injured in a training ground collision with Zdenek Kroca at the end of December...

 
GRAHAM CAREY GOT STICK FROM CELTIC PALS FOR RANGERS 'DIVE'

GRAHAM CAREY GOT STICK FROM CELTIC PALS FOR RANGERS 'DIVE'

ST MIRREN midfielder Graham Carey is hoping to have a positive impact against Celtic this weekend – after being the at centre of controversy the last time he faced the Old Firm. Irishman Carey was accused of going down too easily to get Rangers...

 
KIRK BROADFOOT SAYS DAVID WEIR IS A LEGEND ON BOTH SIDES OF BORDER

KIRK BROADFOOT SAYS DAVID WEIR IS A LEGEND ON BOTH SIDES OF BORDER

DAVID WEIR has already taken his place in the Rangers and Scotland hall of fames and will go down as one of the greatest defenders this country has ever seen. That is the view of his Scotland and Ibrox team mate Kirk Broadfoot. Weir, who wants to...

 


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