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.  More »

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.  More »

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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