RBS Shareholders to Back Hester Pay Deal

April 20, 2011 by admin · Leave a Comment
Filed under: Business News 

Outrage over the controversial £7.7 million pay package pocketed by RBS’s boss will do little to prevent it from being waived through at the annual metting. UK Financial Investments, which manages the Government’s bank assets, is to be planning to give its backing when shareholders vote on RBS pay plans.

EU to Probe Online Data Traffic Management

April 19, 2011 by admin · Leave a Comment
Filed under: Business News 

In an attempt to safeguard so-called net neutrality principles, european regulators are going to launch the first pan-European investigation into telecoms companies’ controversial data traffic management practices.
Regulators will scrutinise whether fixed-line phone and mobile operators are providing the consumers with enough information about their traffic management policies, which could slow dow the speed of internet connections of the customers.

Enjoy Online Skill Games

April 18, 2011 by admin · Leave a Comment
Filed under: Featured 

With the advance in computer technology, there are a great number of online games introduced by different developers into the market place. For the game lovers in the field, it is a great news as there are more options for entertainment back home now. Nowadays, a growing amount of new sites are now dedicated to provide game lovers a more advanced platform to have some fun. No matter you are fans of flash games or looking to enjoy some 3D games, there will be a whole range of collections available online for you to choose from.
Many of the online skill games are boasting a different skill set. The players in the field need to spend a lot of time to be successful in their challenges. These days, online skill games, which the outcome of the game is basically determined by the physical skill of the players, are becoming increasingly popular among the game lovers.
Are you a lover of online games? Are you looking to have some fun back home with the latest version of online games? Browse online today to find a whole range of online skill games. Find the most interesting games that suits your taste most. Enjoy online entertainment back home.

EU Rules Out Interim Aid for Portugal

April 10, 2011 by admin · Leave a Comment
Filed under: Economic Outlook 

Top European Union officials have downplayed the likelihood of interim aid being given to Portugal before June’s election there, insisting that they are looking to negotiate a bail out package which could be given cross-party support in Lisbon by mid-May.
Portugal formally asked for assistance from the EU and IMF after finding it increasingly expensive to refinance debt on the capital markets. Portugal will be required to implement sweeping austerity measures and conduct a major privatisation programme when negotiations start next week.

Downgrades spark Sell-off in Banks

April 7, 2011 by admin · Leave a Comment
Filed under: Economic Outlook 

Nervousness ahead of stress test results for Irish banks and ratings downgrades for financials in Greece and Portugal sparked losses for Europe’s equities indices.
Shares in Irish banks were suspended ahead of the test results. However, fears that the test would reveal capital shortfalls contributed to losses for banking stocks across the entire continent.

Financials Lead Retreat After Berkshire Hathaway Blow

April 4, 2011 by admin · Leave a Comment
Filed under: Business News 

Shares in Berkshire Hathaway lost ground after the unexpected resignation of one of its key figures, while the wider markets remained on course to achieve the best first quarter in over a decade, in spite of edeging slightly lower on week economic data.
Bershire Hathaway headed lower after David Sokol resigned just weeks after the investment company agree to puchase Lubrizol for $9bn.

Kraft Chief Collects $2.1m Pay-out Despite Missed Targes

April 3, 2011 by admin · Leave a Comment
Filed under: Business News 

According to filings by Kraft, chairman and chief executive of the US foods group–Irene Rosenfeld, failed to hit her financial incentive targets last year, but still pulled in a $2.1m cash award, in part for improving the talent pipeline developed through retention of Cadbury leaders.
This is despite of a haemorrhaging of top staff at the UK confectioner, which Kraft bought for £11.7bn in 2010, following a heated bit battle.

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