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The great interest rate rip off part 10


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Ex-Goldman Sachs Programmer Found Guilty in Split Verdict

 

By BEN PROTESS and MATTHEW GOLDSTEIN 47 minutes ago

 

 

Sergey Aleynikov was convicted on a charge of stealing confidential computer trading code from his former employer.

 

 

 

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Sam Hodgson for The New York Times

 

Sergey Aleynikov, left, a former Goldman Sachs programmer, and his lawyer, Kevin Marino, leave State Supreme Court in Manhattan last week.

 

 

 

 

 

 

 

 

 

 

 

U.S. Sets New Rules for Oil Shipments by Rail

 

By JAD MOUAWAD 1:16 PM ET

 

The regulations will phase out older tank cars and mandate new braking technology, but some critics called them inadequate.

 

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A Woman-Led Law Firm That Lets Partners Be Parents

 

By NOAM SCHEIBER

 

The Geller Law Group is determined to show that parents can nurture their professional ambitions while being fully present in their children’s lives.

 

 

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Cleveland Indians Have Home-Field Advantage on Recycling

 

By DIANE CARDWELL 14 minutes ago

 

Progressive Field’s concessions adopt a system that converts food waste to energy.

 

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Tesla Ventures Into Solar Power Storage for Home and Business

 

By DIANE CARDWELL

 

Tesla Motors says it is making a foray into the challenge of how to use the sun’s energy when it isn’t shining, with a fleet of battery systems for homeowners, businesses and utilities.

 

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Social Media Punished as Results Fall Short

 

By VINDU GOEL and MIKE ISAAC

 

The performances illustrate the way investors are questioning whether social media companies can keep their growth rates vigorous enough to justify their valuations.

 

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Commonly Used Chemicals Come Under New Scrutiny

 

By ERIC LIPTON and RACHEL ABRAMS

 

A class of chemicals that replaced an older group found to be harmful to health is now drawing criticism for the same reason.

 

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Medicare Releases Detailed Data on Prescription Drug Spending

 

By KATIE THOMAS and ROBERT PEAR

 

The data, the most detailed breakdown ever provided about the prescription claims of Medicare beneficiaries, included information about 36 million patients and $103 billion in spending.

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Warren Buffett makes Berkshire gala an all-consuming affair

 

6:55pm BST

 

Japan to increase investment in Asian infrastructure

 

Japan 4:42pm BST

 

China's Fosun offers $1.8 billion for 80 percent of U.S. insurer Ironshore

 

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Restructuring Areva attracts Chinese interest -newspaper

 

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UBS and Credit Suisse could combine investment banks - investor

 

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Sainsbury Egypt legal case to drag on after hearing adjourned

 

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McDonald's faces 'show me' moment with new CEO strategy

 

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HSBC's HQ rethink: taxes and China relationship hold key to decision

 

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HSBC whistleblower Falciani says his work is not done - El Mundo

 

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Irish finance minister says no need to sell AIB stake before election

 

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Swiss probe thousands of unclaimed accounts opened before 1955

 

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Payrolls to test second quarter climate for Fed

 

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China, Japan, South Korea commit to economic policies supporting demand

 

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Exclusive - Siemens healthcare unit probed by China regulator for bribery: sources

 

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02 May 2015

 

Buffett - stock prices would be high if rates were 'normal'

 

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As NetJets pilots seek contract, Buffett says he is not anti-union

 

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Warren Buffett denies that Berkshire Hathaway 'too big to fail'

 

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Buffett says 'no apologies' for Clayton Homes' lending practices

 

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BNSF Railway CEO says investments from capital plan should 'last forever'

 

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Exclusive - European Union sees supplies of natural gas from Turkmenistan by 2019

 

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Adidas CEO says first-quarter results will show company is 'back in full swing'

 

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Lower Saxony premier says VW power struggle is over - paper

 

02 May 2015

 

ADB says will maintain standards when cooperating with AIIB

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Bank chief: Labour victory will spark exodus of wealthy

 

election_miliband__3285153d.jpg

Arbuthnot Latham chief executive says Ed Miliband's plans to scrap non-dom status and introduce mansion tax will mean people leaving the country

674 Comments Greek talks stall over 'red lines' as country fights to remain in eurozone

 

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Greek government says it is confident a deal can be struck, but creditors remain at loggerheads with Athens over labour market reforms

263 Comments

 

BT ready to face competition scrutiny on EE takeover

 

EE_3188445g.jpg

Submission to watchdog expected to focus on connecting masts, mobile airwaves and wholesaling

Comment

Sainsbury's profits to shrink for the first time in a decade

 

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Supermarket counting the cost of shoppers defecting to discounters

Comment

Las Iguanas circled by private equity firms

 

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Buyout firms get the taste for Latin-American themed restaurant

Comment

Saudi Arabia splits state oil company

 

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The biggest shake up of the country’s fossil fuel industry for the last 50 years as oil prices remain low

1 Comment

Foreign investors snap up UK debt at record pace

 

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Overseas purchases of UK gilts hit a record £28.2bn in March, as investors ignore general election uncertainty in search for higher yields

14 Comments

Economic data to grant Conservatives last minute election boost

 

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A raft of strong data on the economy could give the Government a boost just before voters head to the polls

31 Comments

Brazil’s oil capital on its knees as paymaster battles embezzlement fraud investigation

 

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The embezzlement investigation into Petrobras, Brazil’s state-owned energy company, has hit Macaé, the country’s oil capital, hard

7 Comments

HSBC expected to take new forex charge ahead of new fines

 

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Bank likely to follow in footsteps of RBS and Barclays as it faces questions over UK domicile

 

Whatever the outcome, this is a defining election

 

Britain’s fragile finances are a political no-go area

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Hands-Free Cars Take Wheel, and Law Isn’t Stopping Them

 

By AARON M. KESSLER

 

Tesla, Volvo, Audi and Cadillac all plan to release vehicles that enable some hands-free driving within the next year, but few states have laws on the books.

 

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Microsoft (Yes, Microsoft) Has a Far-Out Vision

 

By NICK WINGFIELD

 

The reshaped Microsoft that Satya Nadella, the new chief executive, envisions has fewer internal fiefs and is more willing to favor big bets on new technologies over protecting legacy cash cows.

 

 

Workspace

 

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Dave Isay of StoryCorps: A Place to Collect Stories, Not Admire the View

 

Interview by PATRICIA R. OLSEN

 

The president of the oral history project says he would prefer to close his office door and work 12 hours straight but realizes that as a leader, he can’t.

 

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Dave Goldberg, Head of Web Survey Company and Half of a Silicon Valley Power Couple, Dies at 47

 

By VINDU GOEL and QUENTIN HARDY 12:50 PM ET

 

Mr. Goldberg was a serial Silicon Valley entrepreneur and venture capitalist who was married to Sheryl Sandberg, the chief operating officer of Facebook.

 

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Reinvigorating The Chicago Defender, a Historic Print Voice

 

By MERIBAH KNIGHT

 

With a new publisher and plenty of news to report, the now-weekly newspaper is seeking to lure new readers with a more empowering narrative.

 

Live

 

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Some Sharp Questions During Berkshire Hathaway Meeting

 

By MICHAEL J. de la MERCED

 

More than 40,000 investors flocked to Omaha to listen to Warren E. Buffett. Questions about Berkshire’s businesses arose, and a primary topic was how Berkshire would fare once Mr. Buffett and the vice chairman, Charles Munger, departed.

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Cisco veteran Robbins to take over as CEO from Chambers

 

Tech 7:54pm BST

 

Fed's Evans - rate hikes could start sooner, if kept slow

 

7:25pm BST

 

Pension, labour disputes dog Greek talks as cash dwindles

 

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GE boss to meet EU antitrust chief probing Alstom deal - source

 

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Exor committed to $6.4 billion spurned offer for PartnerRe

 

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Fed's Evans says U.S. rate hike on table at each meeting

 

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SurveyMonkey CEO Goldberg died at hotel gym

 

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Oil off 2015 high on Saudis' Yemen action; Cushing draws help

 

FXpert, Yemen, Middle East 6:16pm BST

 

Fed's Evans says more workers could be lured back to workforce

 

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Swiss regulator rejects Gates appeal on Sika, Saint-Gobain deal

 

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Greek Deputy PM, ECB's Draghi to meet on Tuesday - government official

 

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Saudi sets ownership caps as $575 billion bourse opens to foreigners

 

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GE ties up with Qualcomm, Apple in new lighting business bet

 

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Global stocks gain on factory data, bund yields rise

 

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U.S. Supreme Court hands win to Barclays over $4 billion in Lehman assets

 

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Exclusive - World Bank's pension investments clash with principles

 

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Patterson to buy private veterinary products maker for $1.1 billion

 

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Aberdeen launches legal challenge to India tax demand

 

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Comcast profit beats estimates on internet, enterprise growth

 

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ECB sees more stress tests in bank supervision

 

12:48pm BST

 

Facebook opens Internet.org to developers amid open web debate in India

 

Tech 12:37pm BST

 

VW board will discuss recruitment of new chairman - sources

 

12:20pm BST

 

Greece aims for deal with lenders, IMF hard on reforms - minister

 

IMF 11:47am BST

 

More work remains to be done in Greek talks, EU says

 

11:47am BST

 

CEE manufacturing slows, but growth prospects remain good

 

11:32am BST

 

Greek finance minister to attend Eurogroup, has government backing - spokesman

 

11:30am BST

 

ECB's Constancio says 'worst-case' Greek scenario will be avoided

 

11:11am BST

 

Greek government says to pay debts on time, needs aid urgently

 

IMF 11:10am BST

 

Tesla faces competition for customers, subsidies

 

11:03am BST

 

Audi's race to catch up with BMW hurts profit margin

 

10:46am BST

 

UBS and Credit Suisse could combine investment banks - investor

 

10:45am BST

 

Brent oil hits 2015 high near $67 a barrel

 

FXpert 10:20am BST

 

Euro zone factory growth eases in April but prices rise

 

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Italy PM sees measures to help banks offload bad loans soon

 

10:06am BST

 

China April HSBC PMI shows biggest drop in factory activity in a year | btn_rel_video.gif

 

10:00am BST

 

Foreign workers keep Austrian jobless rate high

 

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Euro zone sentiment deteriorates slightly in May - Sentix

 

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Italy manufacturing activity reaches 12-month high in April - PMI

 

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Greek factory activity shrinks in April as export orders weaken

 

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Germany's manufacturing sector growth slows in April - PMI

 

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French manufacturing PMI falls for 12th month in April, declines at faster pace

 

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EQT fully takes over E.ON's Energy from Waste

 

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BOJ's Kuroda says won't hesitate to adjust policy - Jiji News

 

Japan 7:33am BST

 

U.S. shale oil drillers move rigs to more productive areas - Goldman Sachs

 

FXpert 7:17am BST

 

BHP's South32 risks tough market debut, M&A talk swirls

 

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S&P warns BHP rating vulnerable to weak iron ore, oil prices

 

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Oil slump tempers Bakken drillers' worries over new rail rules

 

FXpert 5:49am BST

 

Restructuring Areva attracts Chinese interest - newspaper

 

4:15am BST

 

China's economy seen slowing to 6.8 percent in Q2 - state think tank

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

As Vice Moves More to TV, It Tries to Keep Brash Voice

 

By SYDNEY EMBER and ANDREW ROSS SORKIN

 

 

Vice has signed deals worth hundreds of millions of dollars with established TV companies that are eager to engage its young, male audience. But will it have to play by different rules?

 

 

 

04Vice-sfSpan.jpg

Jesse Dittmar for The New York Times

 

Shane Smith, chief executive of Vice, which has signed programming deals worth hundreds of millions of dollars with mainstream media companies that covet its audience.

 

 

 

 

 

 

 

 

 

 

 

Internet Customers Surpass Cable Subscribers at Comcast

 

By EMILY STEEL 12:54 PM ET

 

The cable operator said it counted more broadband users than video customers for the first time in the second quarter.

 

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McDonald’s Chief Promises Turnaround in a Restructuring

 

By HIROKO TABUCHI 13 minutes ago

 

Steve Easterbrook, the new chief executive of the fast-food company, spoke of an “urgent need to reset this business” in a video message on Monday.

 

05cisco-web1-thumbStandard.jpg

Cisco Names Charles Robbins to Succeed C.E.O. John Chambers

 

By QUENTIN HARDY 1:05 PM ET

 

Mr. Chambers, one of the longest-serving chiefs of a public Silicon Valley company, will step down on July 26.

 

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Dave Goldberg Was Lifelong Women’s Advocate

 

By JODI KANTOR

 

The late chief executive of SurveyMonkey and husband of the Facebook executive Sheryl Sandberg was raised around “woman power” and was an avid supporter of female achievement.

 

 

 

05climate-thumbStandard.jpg

E.P.A. Emissions Plan Will Save Thousands of Lives, Study Finds

 

By SABRINA TAVERNISE and CORAL DAVENPORT 1:34 PM ET

 

The carbon emissions standards, proposed last year for the nation’s coal-fired power plants, could prevent more than 3,000 premature deaths per year, according to a new study.

 

db-euro-web1-thumbStandard.jpg

As the Euro Slides, a Coin Meets Its Waterloo

 

By DANNY HAKIM 1:33 PM ET

 

A commemorative coin minted by Belgium raised hackles in France, a small example of the continuing bumps on the road to European unity.

 

04chemicals-JP-01-thumbStandard.jpg

The Uphill Battle to Better Regulate Formaldehyde

 

By ERIC LIPTON and RACHEL ABRAMS

 

E.P.A. rules aim to address dangerous fumes from the chemical, often used in furniture, but industry forces and others see government overreach.

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Liquidity drought could spark market bloodbath, warns IIF

 

markets_3290820d.jpg

Evaporating liquidity and higher US interest rates will cause huge market swings with potentially catastrophic consequences, Institute of International Finance warns

15 Comments 'Warning lights' flash over Greece and France as factories stumble

 

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France and Greece remain the eurozone's laggards, with the former "locked in reverse gear" as manufacturing remains mired in contraction in April

500 Comments

 

Business leaders issue last-ditch warning against Labour

 

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Ed Miliband's 'wealth taxes' risk diminishing both growth and long-term revenues, senior figures claim in letter to The Telegraph

288 Comments

McDonald's turnaround plan lacks bite

 

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Reorganisation and cost cutting fail to satisfy appetite for a response to threat from Five Guys and Chipotle

3 Comments

BAE wins deal to equip US Army with advanced night sights and googles

 

NVG_3290759d.jpg

Defence group joins images from weapon sights and night-vision googles in single place

6 Comments

BT ready to face competition scrutiny on EE takeover

 

EE_3188445g.jpg

Submission to watchdog expected to focus on connecting masts, mobile airwaves and wholesaling

13 Comments

Blue-chips' growing pension deficits to hit company profits

 

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Companies' profits to take a hit as contributions to retirement schemes raised to plug funding gap, says pension specialist JLT

1 Comment

Sainsbury's profits to shrink for the first time in a decade

 

sainsbury_2637365g.jpg

Supermarket counting the cost of shoppers defecting to discounters

8 Comments

Rolls-Royce and Weir form joint venture in fracking

 

Fracking_3290695g.jpg

Rolls and Weir to combine their engineering expertise to produce all-in-one fracking pump aimed at cutting costs in the industry

Comment

Las Iguanas circled by private equity firms

 

tapas1_2959543g.jpg

Buyout firms get the taste for Latin-American themed restaurant

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Greece blows hot and cold in race to avert cash crunch | btn_rel_video.gif

 

IMF 8:27pm BST

 

Oil hits 2015 highs as Libya output slows, Saudis raise prices

 

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U.S. yields touch five-month highs; stocks, dollar fall

 

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EU to probe big tech companies in digital market overhaul

 

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EU agrees rules to spur innovation in cross-border payments

 

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Banks lead FTSE lower, focus on election

 

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China says more difficult to draw FDI as economy slows

 

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Euro zone growth seen stronger, inflation to pick up-EU Commission

 

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Greek debt talks progress, no breakthrough yet - Austria

 

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Lufthansa eyes end to pilot row after mediation offer

 

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British construction growth slows sharply in April - PMI

 

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Metro sees strong recovery at consumer electronics unit

 

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Glencore disappoints with weak first-quarter metals output

 

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Volkswagen working hard to quickly find Piech successor - CEO

 

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Diverging monetary policies a risk of instability - ECB's Noyer

 

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French growth too weak despite favourable conditions - central bank chief

 

9:04am BST

 

Lufthansa passenger business executive Kratky to head Austrian - source

 

Aerospace & Defence 8:40am BST

 

Australia's RBA cuts rates, markets wonder if that's all | btn_rel_video.gif

 

Australia 8:23am BST

 

Volkswagen pushes truck ambitions with new holding

 

8:01am BST

 

Telefonica Deutschland first-quarter profit rises on mobile data, E-Plus buy

 

7:55am BST

 

Russian manufacturing activity falls for fifth straight month in April - PMI

 

7:52am BST

 

Global cancer drug spending hits $100 billion in 2014 - IMS Health

 

7:48am BST

 

Analysis - Injured Pacquiao faces possible sanctions

 

Sport 7:46am BST

 

Just Eat says first-quarter like-for-like orders up 47 percent

 

7:13am BST

 

Australia central bank cuts rates to record low two percent

 

Australia 6:47am BST

 

Cisco looks to salesman Robbins for tech leadership

 

Tech 6:37am BST

 

Cisco veteran Robbins to take over as CEO from Chambers

 

Tech 6:34am BST

 

China sets rules to lure private investment in infrastructure

 

6:21am BST

 

Tech executive Goldberg died after hotel gym accident - official

 

Tech 3:20am BST

 

Unilever says its socially responsible brands outperform rest

 

2:24am BST

 

Shell's Arctic return faces hurdle at Seattle port

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Details of HP Autonomy suit emerge

 

 

 

 

New details of Hewlett-Packard's $5bn fraud suit against Autonomy emerge in a court filing, but former Autonomy boss Mike Lynch says there is no "smoking gun".

 

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McDonald's faces €1bn EU tax probe

 

US fast-food giant McDonald's could be facing a European Commission (EU) investigation into its tax affairs over an alleged €1bn of unpaid tax.

 

 

 

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Full article McDonald's faces €1bn EU tax probe

 

 

 

 

 

Greece in urgent push for debt deal

 

Greek ministers launch a concerted effort to persuade European officials to release more bailout money as the government runs out of cash.

 

  • 5 hours ago
  • From the section Europe

 

 

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Full article Greece in urgent push for debt deal

 

HSBC move decision 'in months'

 

 

Full article HSBC move decision 'in months'

US trade deficit rises to $51.4bn

 

 

Full article US trade deficit rises to $51.4bn

VW car chief pledges 'calmer' future

 

Eurozone economic growth 'to rise'

 

 

Full article Eurozone economic growth 'to rise'

Identity thieves 'target tenants'

 

 

Full article Identity thieves 'target tenants'

UK construction hits 22-month low

 

 

Full article UK construction hits 22-month low

Court says Skype's name is confusing

 

 

Full article Court says Skype's name is confusing

Gym fall killed Silicon Valley boss

 

 

Full article Gym fall killed Silicon Valley boss

German firms rap rail strike leaders

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Bankrupt Greeks blame Troika divisions for debt impasse

 

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Athens says 'serious disagreements and contradictions' among its creditor powers are holding back talks

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HP claims Mike Lynch sacked Autonomy finance boss to silence concern over sales

 

Silicon Valley giant files detailed High Court allegations on £3.2bn fraud damages claim

 

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Liquidity drought could spark market bloodbath, warns IIF

 

Evaporating liquidity and higher US interest rates will cause huge market swings with potentially catastrophic consequences, Institute of International Finance warns

 

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HSBC: 'UK has rejected concept of universal banking'

 

Chief executive Stuart Gulliver gives further hints that bank will move abroad

 

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Two more Tesco directors to leave

 

Ken Hanna and Stuart Chambers to stand down from Tesco board, meaning only two directors have survived unprecedented overhaul

1 Comment

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US economy slides into reverse as trade deficit balloons

 

New data suggest that the size of the world's largest economy may have shrunk at the start of the year

2 Comments

 

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BG chief: I have mixed emotions over £46bn Shell deal

 

Helge Lund says he was looking forward to taking oil group forward but Shell's bid, which came two months after he took top job, was too good to turn down

2 Comments

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The £200bn economic bombshell lurking in the Labour Party’s manifesto

 

Ed Miliband's commitment to set a legal target for decarbonising the UK power sector by 2030 is likely to cost upwards of £200bn, according to analysis conducted by the Telegraph

 

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UK construction slows sharply in April

 

Construction companies delay spending decisions ahead of the general election, as growth slows

 

Scottish drink-drive laws hit sales at Greene King

 

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Tougher drink-drive limits in Scotland hit sales, as pub group awaits decision on acquisition of rival Spirit

Germany's record trade surplus is a bigger threat to euro than Greece

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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Rescued by an Air Ambulance, but Stunned at the Sky-High Bill

 

By PETER EAVIS 12:55 PM ET

 

 

Squeezed by competition and insurance cuts, air ambulance companies are increasingly pressing patients to make up sometimes sizable shortfalls.

 

 

 

 

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Craig Hacker for The New York Times

 

An air ambulance crew from Life Star of Kansas delivers a patient to Stormont-Vail Hospital in Topeka. Life Star is a nonprofit, and its fees are not as high as those charged by some services.

 

 

 

 

 

 

 

 

 

 

 

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Disney Beats Expectations With 10% Quarterly Profit Increase

 

By BROOKS BARNES 2:00 PM ET

 

Strong results in theme parks, as well as consumer products and broadcasting, made up for profit declines in movies and cable.

 

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For Top 25 Hedge Fund Managers, a Difficult 2014 Still Paid Well

 

By ALEXANDRA STEVENSON 2:49 PM ET

 

Most hedge funds were poor performers in 2014; only half of the top 10 earners beat the S.&P. 500 — yet the top 25 earned $11.62 billion.

 

 

 

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With Boxing Match, Video Piracy Battle Enters Latest Round: Mobile Apps

 

By NICK WINGFIELD and EMILY STEEL

 

With the Mayweather-Pacquiao bout, live streaming from mobile apps was just one of the new piracy headaches facing media companies.

 

 

 

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Panera Bread Plans to Drop a Long List of Ingredients

 

By STEPHANIE STROM 2:19 PM ET

 

The restaurant chain wants to banish a variety of artificial preservatives, flavors and colors, as well as different kinds of sweeteners and meat from animals raised with antibiotics.

 

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Venezuela’s Economy Suffers as Import Schemes Siphon Billions

 

By WILLIAM NEUMAN and PATRICIA TORRES

 

The government’s complex currency system has led to fraud that wildly inflates the value of goods brought into the country — or fakes shipments altogether.

 

Justice Department Conducting Criminal Investigation of Leak at Federal Reserve

 

By BINYAMIN APPELBAUM

 

House investigators will receive a list of Fed staff employees who were the subjects of the Fed’s internal inquiry in 2012, when the leak took place.

 

U.S. Trade Data Points to First-Quarter Economic Contraction

 

By REUTERS 11:55 AM ET

 

The U.S. trade deficit surged to its highest level in nearly 6-1/2 years in March as imports rebounded strongly after being held down by a labor dispute at key West Coast ports, suggesting growth contracted in the first quarter.

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

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