Monthly Archives: September 2012
Japanese businesses report gloomy outlook
The Bank of Japan’s Tankan report shows that its key measure of business confidence fell to minus 3 from minus 1 in June amid recession concerns More »
Eurozone crisis hits advertising spending
ZenithOptimedia cuts its global forecast as advertising spending across the eurozone is expected to fall 3.1%, with a possible 33% fall in Greece alone More »
MidAmerican to buy 2 Calif. wind farms
MidAmerican, a subsidiary of Berkshire Hathaway Inc., said Sunday it will sell the electricity to Southern California Edison under long-term power purchase agreements.
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Work resumes at Okla. refinery after deadly blast
The CEO of CVR Energy, which owns the refinery in Wynnewood, said in a statement Sunday that the Sugar Land, Texas, company is working with the federal Occupational Safety and Health Administration and state agencies that are trying to determine what caused the explosion.
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Global ETF sector in line for record year
Net new global inflows into exchange-traded funds and associated products reached $43.3bn in September, the highest since December 2008 More »
Xstrata deal close after move on pay vote
Miner hammers out novel structure designed to win support from its shareholders to create one of the world’s largest natural resources groups More »
Wall Street: Leaner and meaner
Big banks are examining their options as they confront a post-crisis world of tougher regulations and lower profits. By Tom Braithwaite More »
Graduates turn away from Wall St
The pull of big bonuses in investment banking is replaced by job insecurity in an industry struggling to adapt to regulatory change, according to a new study More »
Chinese wind farm group to sue Obama
Ralls, owned by two Chinese executives, argues president’s order to stop its project to build farms near a US navy test site in Oregon was unconstitutional More »
Miliband warns Labour could split banks
At the start of Labour’s annual conference, the opposition leader has raised the prospect of full separation of retail and investment banking More »
News Corp boosts compliance teams
Five new appointments will be announced, including the hiring of a senior Securities and Exchange Commission official and a former federal prosecutor More »
Private equity managers fear tax hit
Romney campaign puts spotlight on sector, raising fears that Revenue will change rules on ‘carried interest’ if Obama wins re-election More »
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