News archive from 7 February 2014, page 1

SAC Capital's Mathew Martoma guilty of insider trading

SAC Capital's Mathew Martoma guilty of insider trading

A former manager at SAC Capital, a major US hedge fund founded by billionaire Steven Cohen, has been found guilty of insider trading. Mathew Martoma was found guilty of conspiracy and securities fraud for his part in a scheme that made SAC $275m...

BBC, 00:17 in Business
 

Low productivity poses risk to Britain's recovery - NIESR

NIESR then expects growth to ease to 2.1 percent in 2015, a slightly sharper slowdown than most other economists expect. Britain posted 1.9 percent growth in 2013 - its fastest since the financial crisis - but the rebound has relied heavily on...

Reuters, 00:17 in Business
 

Aston Martin says no extra cost to expanded gas pedal recall

Aston Martin said in a statement that it flagged the cost of the recall in late November. The figure does not include the potential cost of moving production of the pedal. Aston Martin's owners include Italian private equity fund Investindustrial,...

Reuters, 00:17 in Business
 

Google backs Code Club Pro scheme to boost UK teachers' computing skills

Code Clubs are for children, but Google-backed Code Club Pro is for teachers. Coding clubs network Code Club is launching a training programme to teach computing skills to British primary school teachers, backed by £120,000 of funding from Google. The...

Guardian, 00:22 in Learning
 
Labour’s delight with victory in Sheffield Council by-election

Labour’s delight with victory in Sheffield Council by-election

Labour members are celebrating after the party retained a seat on Sheffield Council. Coun Mike Drabble won yesterday’s Arbourthorne by-election with 1,398 votes, ahead of UKIP candidate Bob Sheridan with 482. Tory Peter Smith was next with 213, ahead...

 
Osborne hails high speed rail’s potential to transform North

Osborne hails high speed rail’s potential to transform North

CHANCELLOR George Osborne has declared he is "open to all ideas" that increase the economic impact of a new high speed rail line to Yorkshire paving the way for billions of pounds of investment in the North to be brought forward. The...

 
Stage Set For Jay Leno's Tonight Show Farewell

Stage Set For Jay Leno's Tonight Show Farewell

American late-night talk show host Jay Leno will make his final Tonight show appearance later, ending a 22-year run. Leno said farewell to the NBC show once before, but that turned out to be just a rehearsal. On Thursday, Leno steps down for,...

 

Analysis: Twitter must move faster to counter fears of plateau

To assuage fears that the company's growth is plateauing, and to justify its rich valuation - still at $28 billion even after a 24 percent drop on Thursday - Chief Executive Dick Costolo must now convince investors that he can quickly make the right...

 

Ukraine leader to Sochi as Kremlin warns may act against 'coup'

Caught in a rip-tide of competing enticements and threats from Russia and the West, President Viktor Yanukovich flew to Sochi where he was expected to meet Vladimir Putin before the Russian leader opens the Winter Olympics on Friday evening. The...

 

U.S. bans carry-on liquids, gels on flights to Russia

The United States issued a warning on Wednesday to airports and to some airlines flying to Russia for the Olympics to watch for toothpaste tubes that could hold ingredients to make a bomb on board a plane. Russian forces are on high alert to head off...

 

Are the Beckhams planning a move to Miami? David reveals Victoria and children are 'excited' to spend time...

He announced on Wednesday that he is setting up a new Major League Soccer club in Miami but is David Beckham planning to relocate his entire family to the city? The former footballer – who retired as a player in May 2013 – insisted his wife Victoria...

 

What will Kris Jenner think? Daughter Kylie, 16, is seen hanging out with felon Lil Za in Justin Bieber's...

Kris Jenner's daughter Kylie has been keeping some curious company this week. On Thursday the 16-year was seen in an Instagram photo taken with Lil Za, who was charged with three felonies in January, two of those for being in possession of Ecstasy and...

 
News Corp profits beat estimates despite advertising fall

News Corp profits beat estimates despite advertising fall

Rupert Murdoch's News Corp has posted better-than-expected profits, even as advertising revenues continue to fall at its newspaper businesses. Net income was $151m (£93m) in the quarter ending in December, which was higher than analyst estimates....

BBC, 00:28 in Business
 

Aristocrat jailed for beating wife

An aristocrat from one of Britain's grandest families has been jailed for two years after admitting beating his wife over a 22-year period. Lord Edward Somerset, 55, admitted four counts of assault occasioning actual bodily harm against his wife, Lady...

 
Thumbs up for new stores in Alnwick

Thumbs up for new stores in Alnwick

Northumberland Estates' bid to turn the former Willis of Alnwick site into a retail development were given planning permission tonight. Members of Northumberland County Council’s north area planning committee were asked to decide on an Aldi food store...

 


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