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Wednesday, May 27, 2009
In today's FT: Anger over German role in GM shake-out, Rise in taxe...
Steven Chu, US secretary of energy, said that it would not be politically feasible for the country to lower its reliance on oil by raising petrol prices to Europe's levels through higher taxes or regulation http://link.ft.com/r/ZE9K33/AHJ53/Z6X5S/7PNJG/HVJHG/JY/h
Britain's middle earners have lost ground to the better-off, seen their relative status in society decline and been let down by politicians, the Trades Union Congress argues http://link.ft.com/r/ZE9K33/AHJ53/Z6X5S/7PNJG/QXT2O/JY/h
Barring last-ditch compromise, embattled carmaker will be unable to meet US government's June 1 deadline for submitting viable restructuring plan in return for taxpayer funding http://link.ft.com/r/ZE9K33/AHJ53/Z6X5S/7PNJG/4PMQY/JY/h
Time Warner's board of directors is expected to back the spin-off of its whole internet business in a move that would help erase what is seen as the worst corporate merger in history http://link.ft.com/r/ZE9K33/AHJ53/Z6X5S/7PNJG/VE654/JY/h
Jamie Dimon, JPMorgan Chase chief executive, warned that loss rates on the credit card loans of Washington Mutual, the troubled bank acquired last year by JPMorgan, could climb to 24 per cent by the year end. http://link.ft.com/r/ZE9K33/AHJ53/Z6X5S/7PNJG/QXT2G/JY/h
Carol Bartz, Yahoo's chief executive, says the internet group is no longer in serious talks with Microsoft over a deal to combine their search efforts but negotiations are continuing 'a little bit' http://link.ft.com/r/ZE9K33/AHJ53/Z6X5S/7PNJG/GCST0/JY/h
The US Federal Trade Commission authorised a lawsuit to block the proposed $3.1bn acquisition of Talecris, a US plasma provider, by Australia's CSL Limited, over concerns that the deal would hurt competition and violate US antitrust laws http://link.ft.com/r/ZE9K33/AHJ53/Z6X5S/7PNJG/2NZIW/JY/h
North Korea threatened to attack South Korea if it intercepted any of the communist nation's ships as part of an anti-proliferation initiative, further raising tensions http://link.ft.com/r/ZE9K33/AHJ53/Z6X5S/7PNJG/L7367/JY/h
Could the US end up with a health reform that combines the best of the policies put forward by Barack Obama and his Republican rival John McCain during the last presidential campaign? asks Krishna Guha http://link.ft.com/r/ZE9K33/AHJ53/Z6X5S/7PNJG/2NZIB/JY/h
Ahmad Hamad Algosaibi & Brothers Company is one of the oldest and most respected family-owned conglomerates in Saudi Arabia. But one of its subsidiaries has defaulted on financial obligations to other banks http://link.ft.com/r/ZE9K33/AHJ53/Z6X5S/7PNJG/2NZI3/JY/h
Arthur Samberg, one of the world's most famous hedge fund managers, is closing down his hedge fund, Pequot Capital Management, saying an investigation by US authorities into allegations of insider trading made its continued operation "untenable" http://link.ft.com/r/ZE9K33/AHJ53/Z6X5S/7PNJG/O41CL/JY/h
Unions on both sides of the Atlantic are joining forces with media companies to lobby for tougher action against piracy, as rising unemployment levels focus their attention on the threat to members' jobs and incomes from copyright breaches http://link.ft.com/r/ZE9K33/AHJ53/Z6X5S/7PNJG/HVJHZ/JY/h
In stark contrast to rebellions at competitors, shareholders voted against requiring the world's biggest publicly listed oil company to review its executive compensation policies – an issue taking investors by storm in Europe http://link.ft.com/r/ZE9K33/AHJ53/Z6X5S/7PNJG/ABDNO/JY/h
AT&T, the largest US telecommunications group, confirmed plans to deploy next generation LTE mobile broadband technology in 2011 and said that in the meantime it will upgrade its 3G HSPA mobile data service to boost download speeds http://link.ft.com/r/ZE9K33/AHJ53/Z6X5S/7PNJG/8TXRM/JY/h
Bank of America has struck agreements with several non-government owners of its preferred stock and raised approximately $5.9bn by converting their holdings into common shares, the bank announced http://link.ft.com/r/ZE9K33/AHJ53/Z6X5S/7PNJG/614SD/JY/h
Discounting can exact a terrible price, as the imminent bankruptcy of General Motors shows. The company was the king of price-discounting even in the good times. But luxury and premium brands have grown so much that their owners cannot choose from a menu of cutting costs, output or prices. All are required, says John Gapper http://link.ft.com/r/ZE9K33/AHJ53/Z6X5S/7PNJG/KZN8V/JY/h
The country would do well to use the tragic death of Roh Moo-hyun, the country's former president, as a catalyst to strengthen its legal institutions and to clean up its politics, writes David Pilling http://link.ft.com/r/ZE9K33/AHJ53/Z6X5S/7PNJG/KZN8F/JY/h
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