Business money market

Gold jumps after Spain’s downgrade

Business

Gold jumps after Spain's downgrade GOLD rose to its highest levels since early December after another European nation saw its sovereign credit rating downgraded. Investors sought out assets that would retain value amid the market turmoil. The most actively traded gold contract, for June delivery, ended up 0.8 per cent, or $US9.60, at $US1171.80 an [...]

Thousands of women win ‘payout of up to Ј30m’ in major test case on unequal pay

Money

Unison general secretary Dave Prentis Thousands of female council workers have won an equal pay case which could lead to payouts worth millions of pounds, unions announced today. Unison and the GMB said an employment tribunal in Birmingham found in favour of female workers employed by the city council, who complained of being excluded from [...]

Fund star boosts cash holding on fears of stock market fall

Money

By Dylan Lobo of CitywirePublished: 4:40PM BST 27 Apr 2010 William Littlewood: ‘In the short term there are a lot of arguments that markets will fall’ Mr Littlewood’s Artemis Strategic Assets fund now has 25pc in cash. He believes there could be a number of catalysts for this equity reversal including inflation, rises in interest [...]

Ship traffic for Saturday, April 24, 2010

Business

Get Quote Symbol Lookup More Business Improvement in chip divisions boosts profit at TI 04.26.10 Earnings Preview: AOL Inc. 04.26.10 Transportation head praises Conn. for rail project 04.26.10 Summary Box: Fed wants to strengthen recovery 04.26.10 Due to arrive today SHIP FROM PORT Hoechst Express Los Angeles OAK New Creation Muroran, Japan SCK Pacific Link [...]

FSA set to fine two banks for mishandling customer complaints

Money

By Rosie Murray-West.Published: 6:00AM BST 28 Apr 2010 The FSA said that it had found problems at five banking groups, and that two had been referred for further investigation by its enforcement team, while a further five are undertaking major changes in the way they deal with complaints. “There is clearly evidence of unacceptable standards [...]

US Senate bars bank reform debate

Business

US Republican senators have blocked moves to start debating a bill to introduce the most significant reforms to financial regulations for 60 years. Needing 60 votes in the 100-seat Senate to begin debating the bill, Democratic leaders fell three votes short. Democratic Senator Ben Nelson joined 39 Republicans in voting against it. Republicans say the [...]

Are venture capitalists inflating the bubble?

Business

“The pricing just gets crazy. You’re almost worth more before you’ve proven out your model. That’s usually one of the early indicators of a bubble.” — Pete Bodine, Managing Director, Allegis Capital. View Larger Image More Technology Protecting Internet freedom and privacy 04.25.10 Breakthrough renews focus on hydrogen cars 04.25.10 Palm may be forced out [...]

Astra banks on emerging markets sales

Money

By Rachel CooperPublished: 9:33PM BST 24 Apr 2010 Emerging markets are the fresh battleground for pharmaceutical companies as Western drug sales stall and last month AstraZeneca revealed its strategy to increase sales in this arena, including providing more detail on revenue in the markets. Britain’s second-biggest drugmaker is targeting double-digit growth in emerging economies and [...]

Zynga’s success entwined with Facebook plays

Business

Kim White / Bloomberg Get Quote Symbol Lookup More Business Mortgage holders seek relief at Wells' event 04.27.10 Court OKs women's bias suit against Wal-Mart 04.27.10 Ship traffic for Tuesday, April 27, 2010 04.27.10 GM repays federal loan with government money 04.27.10 (04-26) 16:54 PDT — More than 120 million people play Zynga’s online games. [...]

Goldman boss Lloyd Blankfein admits bank should listen to public opinion

Money

By James Quinn, US Business EditorPublished: 9:07PM BST 26 Apr 2010 Goldman chief executive Lloyd Blankfein In Goldman’s first public admission that the bank needs to take public opinion into account when making business decisions, he will tell senior US politicians on Tuesday: “We have to do a better job of striking the balance between [...]

Business money market