PRESS DIGEST - Financial Times - Oct 14
VIRGIN AND FLOWERS CONSIDER MOVE FOR RBS BRANCHES -
TORIES PLOT CASH-FOR-SEATS OFFER TO CLEGG -
US WOMAN TAKES ON BANKS OVER LIBOR -
CLG TRIO SIT ON $220 MLN MAN LOSS -
SPONSORS STAND BY LANCE ARMSTRONG -
IASB CHAIRMAN LAMENTS DELAYS TO REFORM -
YIELD HUNTERS LOOK TO TIER TWO DEBT -
FORMER ROCK CHIEF TO HEAD HASTINGS -
SIEMENS IS PREPARED TO QUIT ITALIAN DEAL -
FREEZE BUSINESS RATES, SAY RETAILERS -
CAPITAL-RAISING TO FUND VIRGIN MOBILE EXPANSION -
VIRGIN AND FLOWERS CONSIDER MOVE FOR RBS BRANCHES
Richard Branson and U.S. private equity entrepreneur Christopher Flowers are set to go head to head for hundreds of branches being offloaded by RBS.
TORIES PLOT CASH-FOR-SEATS OFFER TO CLEGG
Senior Conservatives are plotting an audacious "cash-for-seats" offer to Lib Dem leader and Deputy Prime Minister Nick Clegg.
US WOMAN TAKES ON BANKS OVER LIBOR
A pensioner whose home was repossessed is taking on some of the world's leading banks in the first known class-action lawsuit.
CLG TRIO SIT ON $220 MLN MAN LOSS
Three principals of hedge fund GLG Partners are sitting on a $220 million paper loss two years on from their firm's acquisition by Man Group.
SPONSORS STAND BY LANCE ARMSTRONG
Lance Armstrong's high-profile sponsors, including Nike and Anheuser-Busch, are standing by the professional cyclist.
IASB CHAIRMAN LAMENTS DELAYS TO REFORM
The chairman of the International Accounting Standards Board has delivered a scathing assessment of its progress in carrying out urgent reforms.
YIELD HUNTERS LOOK TO TIER TWO DEBT
Banks are taking advantage of investor demand for high-yielding assets to issue large quantities of a form of riskier debt.
FORMER ROCK CHIEF TO HEAD HASTINGS
Gary Hoffman, is to take the helm at Hastings, the insurer considering following Direct Line and launching on the stock market.
SIEMENS IS PREPARED TO QUIT ITALIAN DEAL
Siemens is prepared to walk away from its 1.3 billion euros ($1.69 billion) offer to buy Ansaldo Energia .
FREEZE BUSINESS RATES, SAY RETAILERS
Some of Britain's leading retail chiefs are calling for the government to freeze business rates as they battle brutal conditions on the high street.
CAPITAL-RAISING TO FUND VIRGIN MOBILE EXPANSION
Richard Branson is raising $90-$100 million from investors and private equity groups to roll out the Virgin Mobile brand to at least six new markets.
- Alabama man gets $1,000 in police settlement, his lawyers get $459,000
- Canada PM vows crackdown after capital shocked by fatal attacks |
- Man arrested after jumping White House fence, causing lockdown
- Probe: Athletes took fake classes at University of North Carolina
- U.S.-led air strikes killed 521 fighters, 32 civilians in Syria: monitor