Probe targets Streetcar deal

first_img KCS-content Tags: NULL Show Comments ▼ The Competition Commission is to investigate US car sharing firm Zipcar’s acquisition of UK rival Streetcar after the Office of Fair Trading said that the combination could threaten competition. Privately-owned Zipcar, which in June filed for an IPO worth as much as $75m, bought Streetcar in April in a deal worth around $50m. whatsapp Probe targets Streetcar deal center_img Share Tuesday 10 August 2010 8:54 pm whatsapplast_img read more

GM back in black as boss heads for exit

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanBetterBe20 Stunning Female AthletesBetterBeautooverload.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 KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot Thursday 12 August 2010 7:36 pm GM back in black as boss heads for exit center_img whatsapp General Motors (GM) posted its biggest quarterly profit in six years yesterday and chief executive Ed Whitacre stepped aside on the cusp of an IPO expected to allow the US government to relinquish its majority stake.Whitacre, who has served just eight months as chief executive of the top US automaker, said he would step down on 1 September, to be replaced by Dan Akerson, a GM board member and a managing director at private equity firm The Carlyle Group.Whitacre’s departure had been expected but the timing of the announcement was a surprise and came just a day ahead of GM’s expected filing for a landmark stock offering. Whitacre, who continued to commute from his home in Texas during his stint as chief executive of the Detroit-based company, had said repeatedly that he would be an interim leader at GM.“It was obvious that I was not going to be at GM for the long haul,” Whitacre said. “We have put a strong foundation in place, so I am very comfortable with my timing.”Akerson, a former boss at Nextel, will become GM’s fourth chief executive in just a year and a half, underscoring a continued challenge for an automaker analysts see as still in the early stages of a turnaround.Separately, GM posted a second-quarter profit of $1.3bn (£834m) in evidence of a turnaround driven by cost-cutting in its 2009 bankruptcy and better sales in the US. The second-quarter profit was the largest since 2004, when the US car market was still booming. Show Comments ▼ Share Tags: NULLlast_img read more

CITY VIEWS: DID THE LABOUR PARTY PICK THE RIGHT MILIBAND BROTHER?

first_img 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 ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily Proof Monday 27 September 2010 8:24 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 ItPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com ELLIOTT BONASSERA | ICAP“No – Ed’s policies are far too anti-business and I think it is a realshame. His policies are not conducive to recovery nor with the muchneeded re-establishment of the City’s reputation for successful wealth creation in the aftermath of the 2008 crisis.”ROB TAYLOR | A&T CONSULTINGYes, because with Ed as leader the Labour Party will never beat the Conservatives. I think Ed’s reformist views are misaligned with the needs of today’s economy. We need to encourageentrepreneurialism rather than head towards a situation of more overregulation.” Share KCS-content NICK ANDERDON | PROMONTORY FINANCIAL GROUP“If the Labour Party wants to strangle the UK’s dominant wealth generating sector then Ed was the right choice. Ed Miliband and Vince Cable seem to have been living in a dream world and have no chance of tackling today’s economic challenges.” whatsapp CITY VIEWS: DID THE LABOUR PARTY PICK THE RIGHT MILIBAND BROTHER? Show Comments ▼ whatsapp Tags: NULLlast_img read more

Critics slam Labour bank levy plans

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe 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.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Times Critics slam Labour bank levy plans Show Comments ▼ Share whatsapp KCS-content center_img ALAN Johnson’s plan to raise at least £3.5bn by clobbering the banks with another levy was roundly dismissed yesterday, with critics claiming it was unworkable and could encourage firms to quit the UK. In his first major speech as shadow chancellor, Johnson welcomed the coalition’s plan for a £2.5bn levy on banks, but said they should make an even “greater contribution”. He added: “In terms of scale, the £3.5bn bill from Alistair Darling’s bonus tax was absorbed with ease last year. In a time of rising profits they should be asked to maintain that scale of contribution alongside the existing levy proposal.”The Institute of Directors (IoD) hit out at the plans, insisting they would force banks to consider relocating overseas. “The chances of banking business disappearing overseas would increase significantly if the bank levy was increased by another £3.5bn,” a spokesperson for the IoD said.Mark Littlewood, director general of the Institute of Economic Affairs, also warned that “bankers, stockbrokers and hedge fund managers will continue to leave London if the tax burden becomes uncompetitive”.The Tories were quick to point out that the bonus tax implemented by Darling was only ever meant to be a “one-off” measure. They also claimed Johnson recently said a second levy would need international agreement, something which would be hard to achieve. Monday 18 October 2010 8:49 pm whatsapp More From Our Partners Mark Eaton, former NBA All-Star, dead at 64nypost.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comPuffer fish snaps a selfie with lucky divernypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comWhy people are finding dryer sheets in their mailboxesnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Tags: NULLlast_img read more

JP Morgan in $800m deal to buy Gavea

first_img 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 PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity 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 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.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm KCS-content Tuesday 26 October 2010 8:41 pm 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 WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe 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 Show Comments ▼ whatsappcenter_img JP MORGAN has agreed to buy Brazilian hedge fund and private equity firm Gavea for an undisclosed sum.The second largest US lender by assets will acquire a 55 per cent stake in the company, with an option to purchase the remainder in the next five years.The deal is expected to value the Brazilian firm at around $800m (£505m). Gavea manages about $6bn in assets. Under the terms of the agreement, Gavea’s founder Arminio Fraga will be required to stay at the helm of the Rio de Janeiro-based investment firm for at least another five years, according to sources close to the deal.Fraga is also a member of JP Morgan’s international board and is well known in Brazil as a former head of the central bank, where he held the position between 1999 and 2002.JP Morgan declined to comment last night when contacted by City A.M.The deal will increase JP Morgan’s exposure to the rapidly developing Brazilian market and fits well with the bank’s plans to grow inorganically outside the US.It is understood the talks have been running since early this year, when the purchase of a minority stake in Gavea was considered. Under the terms of the original agreement, JP Morgan would carry out the acquisition of a part of Gavea through Highbridge Capital Management, a hedge fund company that manages alternative investments for the New York-based bank.JP Morgan bought control of Highbridge, which manages about $21bn of assets, in 2004. whatsapp JP Morgan in $800m deal to buy Gavea Tags: NULL Sharelast_img read more

Paphitis reveals lingerie plans

first_img KCS-content Paphitis reveals lingerie plans Thursday 4 November 2010 10:52 pm whatsapp whatsapp 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 Show Comments ▼ Dragons’ Den entrepreneur Theo Paphitis has said that his new lingerie range will be launched under the name Boux Avenue. The mid market brand will be launched at Shopping centres including the Trafford in Manchester. The brand will be up against La Senza, which Paphitis used to own, as well as Marks and Spencer and department stores.Paphitis told Retail Week: “I’m dead proud of it. The product, the brand, the marketing concept. It’s fresh. We’re launching in one of the most uncertain times in living memory, but I’m a long term player.” The retailer is expecting to open 30 shops starting from next March. Bras will be priced at up to £34. 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 TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneycougar.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 CenterBeach RaiderSee The Woman Bradley Walsh Is Dating At 61Beach Raider Sharelast_img read more

PwC sells remaining Rok units

first_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 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 ADMINISTRATORS have been forced to break up the remainder of troubled housing group Rok after a sole buyer failed to materialise. Just 500 jobs out of a workforce of 3,800 look set to be saved after PriceWaterhouseCoopers (PwC) found buyers for only parts of the firm.PwC said that it had sold parcels of the construction and social house building division to Mansell Construction Services, a subsidiary of Balfour Beatty, saving 381 jobs. The reprieved section is made up of construction operations in Milton Keynes, Gatwick and Heathrow and the social house building businesses based in the South West and North West of England.In a further development, sources close to housing maintenance firm Mears Group, claimed that it was saving more than 100 jobs in the South West.But the majority of the firm’s employees are being made redundant after earlier expressions of interest to buy the whole group collapsed. PwC are retaining a team of 200 people across the group to help wind up the business but these jobs will go once the parent group closes.According to PwC, Rok which built and maintained social housing, was a casualty of public sector cuts and the construction slump. PwC Jeremy Webb joint administrator said: “We are delighted that we have been able to secure a sale of part of the business hence preserving employment for 381 people. “This is tinged with disappointment that there was not sufficient interest in the other parts and hence the redundancies that have been made today.” Thursday 18 November 2010 8:13 pm KCS-content PwC sells remaining Rok units whatsapp Sharecenter_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemUndo Show Comments ▼ Tags: NULLlast_img read more

Exxon considering petrol station sales

first_img 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 ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Monday 22 November 2010 6:26 am whatsapp whatsapp Exxon considering petrol station sales Show Comments ▼center_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndo EXXON Mobil Corp yesterday confirmed it was considering the sale of its 100 petrol stations in Scotland but declined to comment on a report it plans to sell its North Sea oil fields, worth some $2bn (£1bn).Its comments came after a press report said the North Sea disposal was on the cards. An Exxon spokeswoman would not comment on the report but said the company intended to keep investing in the region.“In terms of North Sea assets, Exxon Mobil is a long-term investor in the UK and plans to remain a major investor.” a spokeswoman said.In September Exxon and Shell said they planned to sell their interest in the Corvette field platform in the North Sea. KCS-content Share Tags: NULLlast_img read more

US finalises health insurance law

first_img Show Comments ▼ US finalises health insurance law KCS-content Tags: NULL Monday 22 November 2010 7:50 pm More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com Sharecenter_img whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusUndo New US health insurance spending rules aimed at ensuring more customer dollars go toward medical care were finalised yesterday, ending a source of uncertainty for investors in the sector. Insurers including Aetna and WellPoint have won welcome concessions about the implementation of the new rules, which require large group health plans to allocate at least 85 cents per premium dollar to medical care. whatsapp last_img read more

De La Rue set on Cobbold as its new chief

first_img De La Rue set on Cobbold as its new chief 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 PastMoneyPailShe Was The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com BANK note printer De La Rue is on the verge of appointing the group president of power company Choride, Tim Cobbold, as its new chief executive.The appointment process is not yet complete and it could still be a few weeks before De La Rue makes an announcement but negotiations are believed to be at an advanced stage. Sources close to De La Rue confirmed to City A.M. the company was in the final stages of talks with its preferred candidate. De La Rue has been searching for a new chief since James Hussey left in August after printing irregularities discovered at one of its plants threatened one of its biggest contracts.De La Rue said yesterday it was still uncertain as to whether one of its biggest customers, believed to be Reserve Bank of India, would renew its contract after losing nearly a fifth of revenue and halving profit in the first half of the year due to faulty paper production.Suspending production at its Overton plant in Hampshire in the summer cost the company £35m although this was in line with a profit warning issued in September.“We have not heard whether we will continue supplying this customer,” it said.First-half revenue was down 17 per cent at £209.2m, while profit before tax was £23.8m, down from £48m at the same time last year. The company also admitted there remained uncertainty over its full-year results.TIME LINE | THE FALL OF DE LA RUE1/1/2009James Hussey replaces Leo Quinn as chief executive of De La Rue.20/5/2009De La Rue reports a modest rise in pre-tax profit of 5.4 per cent to £96.1m, reaping the benefits of a restructuring programme introduced by Quinn and cotinued by Hussey. The company also announces a five year extension to its contract to print notes for the Bank of England.21/7/2010De La Rue shares tumble 15.9 per cent after concerns are raised over quality and production irregularities come to light at its factory in Overton, Hampshire. 12/8/2010De La Rue chief executive James Hussey quits the firm after 27 years in what is thought to be a last ditch bid to save a contract with the Reserve Bank of India believed to be worth up to 25 per cent of the company’s profits.7/9/2010A subsequent investigation finds some employees deliberately falsified important paper test results, leading to investigations by both the police and Serious Fraud Office. Shipments believed to be part of a contract with the Reserve Bank of India are suspended.23/10/2010De La Rue says it is close to appointing a new chief executive. whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comSidney Crosby, Alex Ovechkin are graying and frayingnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com KCS-content Tuesday 23 November 2010 7:20 pmcenter_img Tags: NULL Show Comments ▼ whatsapp Sharelast_img read more