May 17 The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
Budget black hole at heart of George Osborne's finances
Blackstone courts bold trades for new fund
Tony Hayward becomes Glencore Xstrata interim chairman
Dell earnings fall short of expectations
Citi removes fx traders from Bloomberg internal chat groups
ANA suffers new Boeing Dreamliner problem
George Osborne's attempts to cut public spending by 11.5
billion pounds in election year has caused tensions in the
cabinet as some ministers failed to provide the list of 10
percent departmental cuts he had ordered and another said he was
"asking too much".
Alternative asset manager Blackstone Group LP, is
readying to launch a "super" hedge-fund, which will invite the
numerous third-party hedge funds it invests with to submit their
best trades in return for a fee.
Newly merged commodities group Glencore Xtrata Plc
ousted its chairman on Thursday, replacing him with Tony Howard,
the former BP Plc chief executive who was once known as
the United States' most hated man for his role in the Gulf of
Mexico oil spill.
Dell Inc, which has been the subject of a takeover
war between its founder Michael Dell and activist investor Carl
Ichan, reported a 79 percent slide in first-quarter profit on
Thursday, well below Wall Street expectations.
Citigroup Inc has stopped its foreign exchange traders
from using chat rooms on their Bloomberg terminals but said that
the decision was not related to the recent complaints regarding
the access of private data by Bloomberg's journalists.
ANA Holdings Inc, the world's biggest operator of
Boeing Co's 787 Dreamliner, reported a problem with one
of its test flights involving damage to an electrical
distribution panel but said that it was not related to the newly
modified battery system.