Pay at Brevan Howard soars

first_img whatsapp Pay at Brevan Howard soars Tags: NULL Tuesday 24 August 2010 8:44 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy Fanautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite Herald PARTNERS at Brevan Howard Asset Management, the largest hedge fund in Europe, shared a bumper payout of £86.1m at the height of the financial crisis, accounts revealed yesterday.Around 45 members of the trading firm – including founders Alan Howard and James Vernon, and corporate investors such as Swiss Re – shared the bonus pot despite the meltdown in equity markets in the eight months to March 2009. The pool was larger than the £66.4m distributed in 2007, although year-on-year comparison is not precise due to accounting changes.Operating expenses for the period, including salaries, came to £605.8m.Brevan Howard earned £700m in fees as its flagship Master fund sidestepped earth-shaking events such as the collapse of Lehman Brothers.The Master fund generated a return of 21 per cent in 2008 after cutting its leverage by 80 per cent and moving heavily into cash. Howard, a former Salomon Brothers trader, is said to be fixated with “black swans” – unpredictable events that can send markets into turmoil – and directed his fund managers to sell off risky equity exposure in the run-up to the credit crunch.Brevan Howard’s assets under management stand at $31.8bn (£20.6bn). center_img whatsapp Show Comments ▼ Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com KCS-content last_img read more

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BOEING HIT BY WTO’S RULING

first_img whatsapp THE EU’S CASE | THE MAIN ISSUES RAISED? NASA-funded federal research programmes have injected more than $10bn into Boeing. The US defends these funds as being payments for a service; the EU says they break WTO rules.The US Department of Defense (Pentagon) has given Boeing $2.4bn worth of dual-use technology for its large civil aircraft, as well as access to the department’s facilities, equipment and staff.Boeing received $726.4m worth of intellectual property rights in free patents, industry secrets and data rights from NASA and the Pentagon for its large civil aircraft.NASA and the Pentagon paid Boeing another $3bn for independent research and to pay for Boeing government contract bids. US says these payments are legal commercial transactions.Washington state gave Boeing $3.5bn in illegal tax breaks, tax rate discounts, interest subsidies and bond issuance. Illinois and Chicago gave Boeing a relocation package, tax credits and rent subsidies. Kansas supports Boeing with a $900m package of tax breaks and subsidised bonds.Boeing is still eligible for $2.2bn of export subsidies the WTO has already ruled illegal.All US support, which has helped Boeing launch its 787 Dreamliner, is non-repayable. Tags: NULL More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.com whatsapp Show Comments ▼ World Trade Organisation (WTO) judges have found aircraft maker Boeing received more than $20bn (£12.7bn) in US government subsidies challenged by the European Union and called for them to be withdrawn, an EU source said yesterday.The confidential ruling, if confirmed, would add weight to European calls for a negotiated settlement to the transatlantic row over the aerospace industry – the biggest bilateral trade dispute – following WTO condemnation in June of illegal European subsidies for Boeing rival Airbus.But in the past both sides have accused the other of putting out misinformation so early leaks must be treated with caution.center_img The confidential report, issued only to EU and US officials, will not be made public until possibly mid-2011.Boeing argues any aid for which Washington is faulted pales in comparison with subsidies for Airbus that were resoundingly denounced by the WTO in a ruling in a parallel case. Both sides have appealed various findings in that case.The European source said the WTO judges had backed EU complaints over some $17bn in research contracts from the US aerospace agency NASA and the Pentagon, and $4bn in tax breaks from Washington state.The WTO judges found these payments broke WTO rules and should be withdrawn, the source said. The figures were not cited in the report but were derived from adding the respective claims.But the WTO dispute panel did not find that aid challenged by the EU was prohibited – as it did in a ruling in the parallel case against Airbus subsidies brought by the US – which would have required faster remedies. BOEING HIT BY WTO’S RULING Share KCS-content Wednesday 15 September 2010 8:00 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Adslast_img read more

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Evolution bid for Panmure is abandoned

first_img Show Comments ▼ Evolution bid for Panmure is abandoned More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp KCS-content Share Tuesday 19 October 2010 7:35 pm STOCKBROKER Evolution Group has decided against bidding for smaller City rival Panmure Gordon in the face of opposition from both its takeover target and one of its own big shareholders.Evolution said in September that it was considering bidding for Panmure, which was later granted a “put up or shut up” deadline of 28 October from the Takeover Panel, to force Evolution to decide whether to go ahead with a firm bid.Evolution said yesterday it abandoned its interest in Panmure after a rebuff from the company’s directors, led by chief executive Tim Linacre.“Evolution has now received a letter from the board of Panmure Gordon rejecting the proposal outright and has therefore concluded that there is no merit in further discussions,” the firm, run by chief executive Alex Snow, said in a statement. “Accordingly it has determined not to make an offer for Panmure Gordon.”Panmure said the offer had not been in the interests of the company or its shareholders.“As set out in the interim results of 29 September, the company is well positioned for the future, with a strong brand, excellent client list and clear strategy,” it stated.Panmure shares fell after Evolution threw in the towel, closing down eight per cent at 31p. Meanwhile Evolution’s share price rose 5.4 per cent to 88.5p. whatsapp Tags: NULLlast_img read more

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Freddie Mac loses $4.1bn

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com whatsapp KCS-content MORTGAGE buyer Freddie Mac yesterday posted a narrower loss of $4.1bn (£2.5bn) in the July to September quarter.The government-controlled mortgage buyer also asked for an additional $100m in federal aid, substantially less than the $1.8bn it sought in the second quarter.Freddie Mac’s third-quarter loss attributable to common stockholders works out to $1.25 a share. It takes into account $1.6bn in dividend payments to the government. It compares with a loss of $6.7bn, or $2.06 a share, in the third quarter of 2009. The government rescued Freddie Mac and sibling company Fannie Mae nearly two years ago to cover their losses on soured mortgage loans, and it estimates the bailouts will cost taxpayers up to $259bn. Wednesday 3 November 2010 9:47 pm Show Comments ▼ Tags: NULLcenter_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap whatsapp Share Freddie Mac loses $4.1bn last_img read more

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Tax dispute forces Tullow Oil to abandon drilling in Uganda

first_img KCS-content Wednesday 10 November 2010 7:40 pm whatsapp Tags: NULL Show Comments ▼ Tax dispute forces Tullow Oil to abandon drilling in Uganda center_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org whatsapp EXPLORER Tullow Oil said a dispute with the government of Uganda had forced it to abandon drilling at two oil-rich blocks near Lake Albert and that it was unsure when this would recommence.The London-based company added that the government was wary of agreeing to a plan to decouple Tullow’s dispute from another, potentially lengthier, dispute between the government and Tullow’s former partner, Heritage Oil, which could delay a return to drilling.“We have no definitive timeline (for a resolution),” chief operating officer Paul McDade said.Tullow bought half-shares of two oil blocks from Heritage earlier this year, giving it 100 per cent ownership of three blocks which cover the Ugandan side of Lake Albert and which Tullow believes could contain billions of barrels of oil. Heritage refused to pay capital gains tax on the sale, which the government and Tullow said was due, and subsequently the government refused to renew the licences for Tullow which had planned to sell stakes to France’s Total and China’s CNOOC. The licence dispute has forced Tullow to halt operations at the blocks. last_img read more

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Resolution eyes up further deals

first_img RESOLUTION, the insurance buyout group founded by entrepreneur Clive Cowdery, said yesterday that it remains firmly on the acquisition trail, with a view to exploiting opportunities overseas as well as in the UK.Chief executive John Tiner said the group has a “wider and longer-term ambition to build restructuring projects in other jurisdictions”, including the US, though he emphasised that the group’s “priority is the UK”.Resolution, which aims to build up a life insurance group valued at £10bn before floating or selling it by 2013, yesterday reported booming sales at its Friends Provident brand over the first nine months of the year, rising 35 per cent to £683m.Friends Provident was boosted by its international and Lombard businesses, which grew sales 31 per cent to £176m and 184 per cent to £213m respectively, while UK life and pensions sales lingered at similar levels to last year. Friends Provident’s UK sales totalled £294m over the period, while the newly-acquired Axa UK life business contributed £26m of sales in September.Resolution last month announced its intention to acquire Bupa Health Assurance for a net consideration of about £102m, expected to complete early next year. The deal aims to up the group’s market share in individual and group protection.Resolution’s share price has tumbled 30 per cent over the year so far against a five per cent rise in the sector as a whole, making it one of the worst performing insurance stocks in Europe. Analysts blame the decline in part on concerns the company may launch a big rights issues to fund future deals. The shares lost 0.8 per cent yesterday to close at 244.5p. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutethedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution KCS-content Tags: NULL whatsapp whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrapcenter_img Resolution eyes up further deals Share Thursday 11 November 2010 7:42 pm Show Comments ▼ last_img read more

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Icap revenue up despite subdued markets

first_img Icap it has shrugged off “generally quieter markets” in the six months to the end of September to report revenue up nine per cent at £867m.Profits before tax rose two per cent to £183m from £179m in the same period last year, and it increased its dividend by three per cent to 5.27p a share.“During a period of generally quieter markets Icap has delivered good revenue and earnings growth driven primarily by our strong electronic broking franchise,” chief executive Michael Spencer said.The UK broker, which trades currency, bonds and swaps globally, said in an emailed statement on Wednesday its electronic broking and post-trade services businesses accounted for more than half its profit for the first time.Electronic broking profit was up 24 per cent on last year to £62m, its post-trade line was up 30 per cent to £9m, while profit from its traditional voice broking business grew just two per cent, to £107m. John Dunne Wednesday 17 November 2010 2:48 am Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For Lifemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCute Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Tags: NULLcenter_img whatsapp Icap revenue up despite subdued markets whatsapp Sharelast_img read more

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Cullum’s firm to get £200m

first_imgWednesday 5 January 2011 9:37 pm Tags: NULL KCS-content INSURANCE broker Towergate Financial is close to securing a £200m cash injection from private equity group Advent International.The insurer, established by City high-flyer Peter Cullum, is in exclusive talks which would see Advent take a significant minority stake in the company, a source close to the company confirmed last night.Founded by Cullum, who received a CBE in the New Year’s Honours List for his charitable work, the company has grown to beome one of Britain’s top insurance firms.It may look to list on the stock market within the next few years, and could use the cash to prepare for an initial public offering.Towergate could also issue bonds later this year, as part of a refinancing programme, as many of its debt facilities are thought to be set to expire next year.Towergate is one of Britain’s leading insurance firms. It employs hundreds of people and is expected to seek a stock market listing in 2013 that could see it head towards the FTSE 100.Advent and Towergate declined to comment last night.The insurer provides independent financial advice, and has ambitious growth plans. whatsapp Share Show Comments ▼center_img Cullum’s firm to get £200m by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof whatsapplast_img read more

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Statoil misses forecasts

first_img KCS-content whatsapp Petrol and convenience-food seller Statoil Fuel & Retail fell short of fourth-quarter profit expectations as motorists in Scandinavia and eastern Europe failed to hit the road with much enthusiasm even as their economies recover.The company’s shares fell 1.7 per cent in early trading after it posted quarterly adjusted earnings of 729m crowns ($125.9m) before income tax, depreciation and amortisation. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.com whatsapp Tuesday 8 February 2011 8:21 pmcenter_img Statoil misses forecasts Show Comments ▼ Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamBetterBe20 Stunning Female AthletesBetterBe Tags: NULLlast_img read more

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Analysts pan Microsoft and Nokia tie-up

first_img whatsapp whatsapp KCS-content Share Show Comments ▼ Analysts pan Microsoft and Nokia tie-up NOKIA chief executive Stephen Elop defended his firm’s partnership with Microsoft yesterday after the deal sent its shares tumbling a further five per cent.Shares in the Finnish firm have now lost a staggering 19 per cent since the deal was announced on Friday, knocking €6bn (£5bn) off its market value.Elop said Nokia will receive “billions” in benefits from the tie-up, largely expected to be through discounted licenses to Microsoft software. Elop, who until recently worked for Microsoft, also denied suggestions he is a “Trojan horse” sent to further the US-based firm’s interests.Analysts downgraded Nokia stock yesterday, saying it will be difficult for the firm to integrate Microsoft’s Windows Phone 7 (WP7) onto its handsets in time to reach the Christmas market. They also warned the deal could lead to a temporary revenue vacuum, with customers unlikely to invest in Nokia’s existing Symbian platform now Elop has effectively called time on it.Speaking last night at Mobile World Congress in Barcelona, Elop said the partnership between the two giants is “rational” and will deliver an “incredible portfolio of devices”.Microsoft chief executive Steve Ballmer said the deal represents a “significant moment in the evolution” of mobile phones.The two firms hope the deal will create a third “ecosystem” in the smartphone arena that can compete with Google’s fast-growing Android platform and Apple’s iOS.Nokia was the biggest global manufacturer of both traditional and smartphones last year and its Symbian operating system was the most commonly used platform. But it saw its market share slip 7.5 per cent and Google’s Android overtook it in the fourth quarter of last year, with the Scandinavian giant struggling to find a foothold in the increasingly dominant high-end market.UBS analyst Gareth Jenkins expects the firm to lose another seven per cent from its market share this year and said a Nokia/Microsoft platform is worth 1,800 times less than Apple’s operating system.Ballmer also defended WP7, which has been slow to chip away at the growing dominance of Google and Apple in the high-end smartphone market.He said 93 per cent of people were “delighted” with the platform. He went on to unveil plans to include deeper integration with services such as Facebook and Twitter.NEW PRODUCT LAUNCHESHP VEERThe smallest smartphone on show at MWC was the HP Veer. In fact, measuring in at smaller than a credit card and thinner than a deck of cards, it is among the smallest smartphones ever constructed. It features access to all major social network feeds and has a slide-out qwerty keyboard. The question is: how small is too small? And the answer: probably this.LG OPTIMUS 3D‬The Optimus has a glasses-free 4.3” 3D LCD screen and dual 5 mega-pixel camera for recording 3D video. Using Google’s Android operating system, the device features 8GB memory, advanced multimedia capabilities and HDMI output. The technology is impressive but it remains to be seen whether people will pay extra to make calls in the third dimension.SONY ERICSSON XPERIA PLAYSTATION PHONEThe PlayStation phone was finally unveiled at MWC, with the firm promising at least 50 games will be ready in time for its launch in March. The Android-powered phone has a touch screen, a 5 Megapixel camera and expandable memory of up to 32GB. Sony’s fight back against the all-conquering Nintendo DS has begun. Monday 14 February 2011 9:29 pm More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comKiller drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comWhy people are finding dryer sheets in their mailboxesnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKansas coach fired for using N-word toward Black playerthegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Tags: NULLlast_img read more

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