| Dec 05, 2008 |
Cowdery's Resolution raises £600m
The investment fund, established by insurance entrepreneur Clive Cowdery, is expected to focus on acquiring insurance, life assurance and asset management groups
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| Dec 05, 2008 |
Julius Baer CEO dies unexpectedly
Alex Widmer, the chief executive of the Swiss bank, died unexpectedly on Wednesday at the age of 52
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| Dec 05, 2008 |
Fairfax chief exits Australia's oldest media group
Fairfax declined to provide a reason why David Kirk, the former captain of New Zealand's All Blacks rugby team and a Rhodes scholar, had resigned as chief executive
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| Dec 05, 2008 |
Honda quits F1 as financial crisis bites
Sport's financial crisis deepens as the Japanese carmaker breaks the news that it is pulling out of Formula One, prompting flood of calls from staff to other racing teams
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| Dec 05, 2008 |
China's Yanzhou Coal courts Australia's Felix
China's strategic interest in the Australian resources sector is continuing after Yanzhou Coal Mining was unmasked as a suitor for Felix Resources, the coal mining group
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| Dec 05, 2008 |
Ex-Yahoo engineer to run Microsoft online
Qi Lu, a 10-year veteran who left Yahoo in July, will head the software company's online division, signalling a renewed focus on technology in its efforts to catch up with Google
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| Dec 05, 2008 |
BCE takeover doubt as buyers mull options
The proposed C$34.8bn ($27.3bn) buy-out of BCE, the Canadian telecommunications giant, appeared less likely as the private equity firms that agreed to the takeover debated instead whether to buy a minority stake in the company
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| Dec 04, 2008 |
EMI in US distribution talks with competitors
The music publisher is in talks with rivals over a US distribution deal that could bring in tens of millions of dollars for the indebted company, after earlier talks about selling some of its labels stalled
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| Dec 04, 2008 |
Nokia cuts forecast for handset sales
The mobile phone maker expects the market to decline by 5 per cent or more next year, marking the second time in a month that the company has cut its forecast
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| Dec 04, 2008 |
Big Three open to oversight
Members of the US Congress gave the Big Three US automakers' request for billions of dollars in federal aid a far warmer welcome than just two weeks ago in an indication that a bail-out of Detroit may be gaining political momentum
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| Dec 04, 2008 |
AT&T cuts 12,000 jobs
AT&T;, the largest US telecommunication group, plans to cut 12,000 jobs, or about 4 per cent of its workforce, and reduce capital spending in response to the economic slump which has accelerated the loss of residential phone lines
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| Dec 04, 2008 |
US retailers suffer worst month this decade
US retailers experienced their worst month this decade in November, as stores such as Macy's, Gap and Abercrombie & Fitch reported double-digit falls in comparable store sales amid the economic gloom
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| Dec 04, 2008 |
Negative territory
Europe: As central banks across the continent again cut interest rates, evidence of economic decline abounds. FT reporters visit businesses in a handful of countries to find how the downturn is making itself felt
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| Dec 04, 2008 |
Credit Suisse to cut 11% of staff
The Swiss bank warned it had lost a net SFr3bn in the two months to the end of November and would axe about 5,300 jobs, principally in investment banking
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| Dec 04, 2008 |
Nippon Oil agrees merger with rival
Japan's top refiner Nippon Oil Corp and sixth-ranked Nippon Mining Holdings said they are considering a merger to create the world's eighth-largest oil major to better compete amid sliding prices and slower demand
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| Dec 04, 2008 |
Philips warns of speed and depth of recession
The Dutch electronics conglomerate warned that the global economy was declining much faster and deeper than expected, as it abandoned profitability targets for 2010 and indicated that it anticipated a net loss in the fourth quarter
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| Dec 04, 2008 |
Michael Page shares tumble on profit warning
Shares in the recruitment consultant fell as it forecast profits at the low end of estimates and said it would continue to cut jobs
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| Dec 04, 2008 |
Adobe slashes revenue forecast
The US software group lowers its outlook for the November quarter to $912-$915m and announces job cuts, the latest indication of how the crisis has hit the technology sector
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| Dec 04, 2008 |
Harvard endowment loses $8bn in four months
The world's wealthiest university placed the decline at 22%, bringing the figure to $28.7bn and underscoring how higher education has been hard hit by the global financial crisis
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| Dec 04, 2008 |
Nomura to slash 1,000 jobs in London
Nomura is planning to cut about 1,000 jobs in London, or more than 20 per cent of its staff in the city, following its purchase of parts of Lehman Brothers
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