Kesa in sales lift thanks to World Cup TV boost

first_img More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPuffer fish snaps a selfie with lucky divernypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Thursday 16 September 2010 8:34 pm Share 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 ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo KCS-content whatsappcenter_img Show Comments ▼ Kesa in sales lift thanks to World Cup TV boost Tags: NULL ELECTRICALS retailer Kesa beat forecasts for first-quarter sales, with trade boosted by robust demand for televisions in the run-up to the World Cup and more sales over the internet.“After a positive first quarter we still anticipate that our markets will remain challenging for the remainder of this financial year,” the firm said yesterday.Kesa, which runs market leader Darty in France and Comet in the UK, said sales at stores open over a year rose 4.3 per cent in the three months to 31 July. That compares with analysts’ consensus forecast of growth of two per cent, according to a company poll.Like-for-like sales at Darty France increased 5.1 per cent and were up 4.3 per cent at Comet. Shares in Kesa have risen by nearly a quarter over the last three months. whatsapplast_img read more

"Kesa in sales lift thanks to World Cup TV boost"

Accountants in demand

first_imgTuesday 12 October 2010 8:03 pm It’s a good time to be a newly-qualified accountant, with organisations seeking to drive change creating more posts. According to recruiter Robert Walters, financial accountants, credit control and billing specialists and assistant management accountants were all in demand during the third quarter. Investment banks are keen to find accountants with technical knowledge, while demand for director level professionals was also high. 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 PastSerendipity 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.comPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com Accountants in demand whatsapp Sharecenter_img whatsapp KCS-content Show Comments ▼ More From Our Partners Astounding 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.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Tags: NULLlast_img read more

"Accountants in demand"

Invesco deal starts to pay

first_img Share whatsapp Show Comments ▼ 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 Money manager Invesco yesterday said its acquisition of Morgan Stanley’s retail fund business bolstered third-quarter sales and aided a 47 per cent jump in profit.Marking Invesco’s first full quarter since the acquisition closed in June, chief executive Martin Flanagan said integration of the unit with $115bn (£73bn) under management was nearly complete. The only significant task remaining is closing and merging some redundant funds in coming months, he said. “We’re seeing strong momentum of that combined business,” Flanagan said. “We’re still very, very early in what we expect.”Average monthly sales to retail customers were up 40 per cent to $3.5bn in the four months since the deal closed compared with the first five months of the year, Flanagan said. The average withdrawal rate declined 12 percentage points, he added.Still, total net inflow from retail investors was flat since the deal has closed, some analysts noted. The bulk of the firm’s $4.9bn in net inflow during the third quarter came from lower-margin institutional investors. Atlanta-based Invesco said net income attributable to common shareholders was $154.7m, or 32 cents a share, up from $105.2m or 24 cents a share a year earlier. Excluding acquisition costs, Invesco earned 39 cents a share, 4 cents above the forecast of analysts surveyed by Thomson Reuters. Invesco deal starts to pay center_img KCS-content 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 Famous, Now She Works In {State}MoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Tags: NULL Monday 25 October 2010 7:35 pm whatsapplast_img read more

"Invesco deal starts to pay"

Oracle doubles SAP loss

first_imgMonday 8 November 2010 9:53 pm KCS-content whatsapp whatsapp Oracle doubles SAP loss Sharecenter_img Show Comments ▼ Tags: NULL 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 Timesmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryAlphaCute30 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.comReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterGloriousaCouple Wins Lottery, 5 Years Later, Their House Had To Be DemolishedGloriousa 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 ORACLE’s chief executive Larry Ellison claimed in court yesterday that SAP’s theft of its software cost his company $4bn (£2.4bn), doubling his previous estimate.But Ellison failed to bring written evidence to support his testimony.SAP lawyers immediately challenged Ellison to back up the new figure, but Ellison said he could not cite documentation proving his company’s claim of the cost of lost business. German-based SAP has said it owes Oracle only tens of millions of dollars.Ellison also failed to back up his claim that Hewlett-Packard’s new chief executive, Leo Apotheker, knew of the theft while he was in charge of SAP and did nothing about it until Oracle sued. The two software companies, which together dominate the business software market, are in court to determine the amount of damages for the software theft which SAP has already accepted liability for. last_img read more

"Oracle doubles SAP loss"

EU leaders reassure over Irish debt crisis

first_img whatsapp Friday 12 November 2010 8:36 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableySerendipity 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 HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemZen 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.com EU leaders reassured investors they would not be forced to writedown the value of their bond holdings in the event of a new euro zone bailout, easing pressure on Irish debt that has sparked fresh fears of contagion.The spreads between Irish bond yields and German benchmark issues – a key gauge of faith in Irish finances – fell to 635 basis points after spiking to record highs near 700 earlier amid concern the former “Celtic Tiger” may need a Greek-style rescue.Pressure on other peripheral euro zone countries like Greece and Portugal also eased after a statement by France, Germany, Italy, Spain and Britain issued at the Group of 20 summit in Seoul confirmed that holders of existing debt would not be asked to shoulder the costs of any near-term rescue.“Whatever the debate within the euro area about the future permanent crisis resolution mechanism and the potential private sector involvement in that mechanism we are clear that this does not apply to any outstanding debt and any programme under current instruments,” the statement said.The statement came as Irish Prime Minister Brian Cowen hit back at Germany for pushing the idea of so-called “haircuts” for private bondholders in a future rescue mechanism for the single currency zone that would probably not go into force before 2013.Although Germany has made clear the new mechanism would not apply to existing debt, the plan has spooked investors, who have sent the borrowing costs of peripheral euro countries to record highs, sparking concern about the future of the currency bloc.“It hasn’t been helpful,” Cowen told the Irish Independent newspaper, referring to Germany’s drive to put in place a new mechanism. “The consequence that the market has taken from it is to question the commitment to the repayment of debt.” More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comKansas coach fired for using N-word toward Black playerthegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com Sharecenter_img Tags: NULL Show Comments ▼ whatsapp John Dunne EU leaders reassure over Irish debt crisis last_img read more

"EU leaders reassure over Irish debt crisis"

ECB should offer more liquidity and buy debt

first_img ECB should offer more liquidity and buy debt whatsapp Sunday 14 November 2010 10:50 pm HURRAH! All the tricky issues are out of the way. A second round of quantitative easing from the US Federal Reserve – done. The US jobless numbers – done. President Barack Obama’s mid term elections – done. And so what does all this mean for the markets? All together now… it is time to start worrying about peripheral Europe again. Isn’t life simple? Spreads between Irish 10-year bonds and German 10-year bunds have been driven to their widest levels ever. While some believe that not a whole lot has changed over the past few weeks for smaller European countries, the evidence suggests the contrary. I sat down with the man many know best as Dr Doom, Nouriel Roubini, co-founder and chairman of Roubini Global Economics, and he told me he thinks there have been two market triggers for spreads widening. First, the signal coming from the French-German agreement that there will be a resolution mechanism for sovereigns to create an orderly debt restructuring mechanism (which means that there’s a larger probability that we’ll eventually get a debt reduction in places like Greece and Portugal). Second, Ireland’s extension of debt guarantees to the financial system, which implies that they’re transferring ever more of the losses from the banking system onto the government’s balance sheet. Eventually, according to Roubini, sovereigns won’t be able to cope with this massive burden.Roubini argues that the ECB is just making the problem worse. He thinks that in a situation where there is such a huge fiscal consolidation going on, the ECB should be providing more liquidity to the financial system – in this case in the form of further quantitative easing and by buying the debt of many of these troubled sovereigns. In Roubini’s view, monetary policy in the Eurozone is too tight, and it only gets worse when you factor in currency moves. Germany can live with a euro of $1.40/$1.50 as it is so competitive, but peripheral Europe actually needs a euro closer to parity against the greenback. This is damaging the recovery in large parts of Europe – and if there is no growth, then the sovereign and banking problems will only become worse.The good part is that the Fed’s latest round of stimulus is equivalent to a 0.75 per cent interest rate cut. The bad part? Most of that was already priced in by the markets. All in all, while we have reduced the chances of a global double dip recession or near term deflation, Europe faces a very sticky period indeed. Louisa Bojesen co-anchors European Closing Bell weekdays on CNBC. http://europe.cnbc.com KCS-content Sharecenter_img whatsapp Show Comments ▼ 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 Timesmoneycougar.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.comBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStory More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKansas coach fired for using N-word toward Black playerthegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Tags: NULLlast_img read more

"ECB should offer more liquidity and buy debt"

Twitter raises $200m in new funds valuing it at over $3.7bn

first_img TWITTER has been valued at a staggering $3.7bn (£2.37bn) after raising $200m in a refinancing deal.The funding, from Silicon Valley venture capital firm Kleiner Perkins Caufield & Byers and existing Twitter investors, underscores the high hopes investors have for social networking sites.Twitter, which has more than 175m users, says it will use the money to further expand its operations.The moves come just two months after the four-year-old company handed the job of chief executive to Dick Costolo, the architect of its new advertising efforts, a sign that making money is a priority for the service.Costolo said he plans to have hundreds of advertisers using Twitter’s ad system by the end of the year. Twitter had raised $160m in four earlier funding rounds, from investors that included Spark Capital, Institutional Venture Partners and mutual fund company T Rowe Price.However, the site still has a long way to go to catch up with Facebook, which has more than 500m users and a valuation of more than $45bn. KCS-content More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com whatsapp Thursday 16 December 2010 7:49 pm whatsapp Tags: NULL Share Show Comments ▼ Twitter raises $200m in new funds valuing it at over $3.7bn last_img read more

"Twitter raises $200m in new funds valuing it at over $3.7bn"

Top lawyer: US has a strong case against E&Y

first_img Share Top lawyer: US has a strong case against E&Y Show Comments ▼ whatsapp A FORMER New York state attorney has said the lawsuit filed against Ernst & Young (E&Y) for allegedly assisting Lehman Brothers’ financial fraud is likely to be based on strong evidence and have a high chance of success.Attorney general Andrew Cuomo’s office “will have made sure they have a slam dunk for a settlement at the very least,” lawyer and former state prosecutor Stuart Meissner told City A.M. last night.US lawyers have“typically got significant email correspondence to back up the attorney general’s case,” Meissner said, largely as it has only limited resources and attorneys at its disposal so must be highly selective about the cases it pursues.Ernst & Young faces a civil complaint of misleading investors about Lehmans’ financial health, by filing clean audits despite being aware that the bank was using an accounting loophole, Repo 105, to remove billions of dollars of risky assets from its balance sheet at the end of each quarter.Ernst & Young has rebuffed the complaint, issuing a statement today saying it would “vigorously defend itself against the civil claims alleged”.“There is no factual or legal basis for a claim to be brought against an auditor where the accounting for the underlying transaction is in accordance with the Generally Accepted Accounting Principles,” it said. Meissner said the case may also have implications for other auditors of banks that subsequently failed or received bailouts. “It is certainly a shot across the bows of any large public auditing firm auditing financial services firms,” he said, as it showed they could be prosecuted not just by civil litigants, but by the attorney general. Meissner was a New York state attorney on financial cases under Eliot Spitzer. Top lawyer: US has a strong case against E&Y Wednesday 22 December 2010 8:55 pm whatsapp KCS-content Tags: NULL,Wednesday 22 December 2010 8:55 pm whatsapp A FORMER New York state attorney has said the lawsuit filed against Ernst & Young (E&Y) for allegedly assisting Lehman Brothers’ financial fraud is likely to be based on strong evidence and have a high chance of success.Attorney general Andrew Cuomo’s office “will have made sure they have a slam dunk for a settlement at the very least,” lawyer and former state prosecutor Stuart Meissner told City A.M. last night.US lawyers have“typically got significant email correspondence to back up the attorney general’s case,” Meissner said, largely as it has only limited resources and attorneys at its disposal so must be highly selective about the cases it pursues.Ernst & Young faces a civil complaint of misleading investors about Lehmans’ financial health, by filing clean audits despite being aware that the bank was using an accounting loophole, Repo 105, to remove billions of dollars of risky assets from its balance sheet at the end of each quarter.Ernst & Young has rebuffed the complaint, issuing a statement today saying it would “vigorously defend itself against the civil claims alleged”.“There is no factual or legal basis for a claim to be brought against an auditor where the accounting for the underlying transaction is in accordance with the Generally Accepted Accounting Principles,” it said. Meissner said the case may also have implications for other auditors of banks that subsequently failed or received bailouts. “It is certainly a shot across the bows of any large public auditing firm auditing financial services firms,” he said, as it showed they could be prosecuted not just by civil litigants, but by the attorney general. Meissner was a New York state attorney on financial cases under Eliot Spitzer. whatsapp More From Our Partners Police 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.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.com KCS-content Share Tags: NULLlast_img read more

"Top lawyer: US has a strong case against E&Y"

Helical Bar promises purchases

first_imgWednesday 16 February 2011 8:18 pm Show Comments ▼ More From Our Partners LA news reporter doesn’t seem to recognize actor Mark Currythegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKansas coach fired for using N-word toward Black playerthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com whatsapp Property development company Helical Bar hopes to continue buying up real estate this year after completing 22 new lettings and 11 renewals in the four months to the end of January, after completing a £29m share placing in December. “Life is far from dull at Helical and our continued focus is to dispose of the few remaining non-performing properties in our portfolio [and] to increase our spending power in the market, at a time of considerable opportunity” said chief executive Michael Slade in an interim management statement. Tags: NULL KCS-content Share whatsapp Helical Bar promises purchases last_img read more

"Helical Bar promises purchases"

UK labour market stumbles

first_img whatsapp UK labour market stumbles Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap4 ideal Zion Williamson trade scenarios from the New Orleans PelicansSportsnautRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap’In the Heights’ Underwhelms at Box Office With $11.4 Million DebutThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Tags: NULL Sharecenter_img whatsapp Wednesday 16 February 2011 8:42 pm Show Comments ▼ EMPLOYMENT dropped by 68,000 in the final three months of 2010, reflecting the labour market downturn that economists expect will continue through the year.There are now 29.12m employed people in the UK. The unemployment rate stuck at 7.9 per cent, yet the figures showed an extra 44,000 people unemployed, compared to the previous three months.“Overall, not a good report, but nor was it terrible,” commented Alan Clarke of BNP Paribas. “The data have stopped improving as the pace of GDP growth has slowed,” he said.Britain’s GDP was knocked back half a percentage point in the quarter due to severe effects from the snow, the Office for National Statistics (ONS) estimated last month.“If growth bounces back into line with the surveys, then this soft patch in the jobs numbers will probably prove temporary,” Clarke said. Yet if growth stutters, “we should get used to disappointing jobs numbers,” he added.The number of people claiming unemployment benefit increased in January, the claimant count rising by 2,400, having fallen by 3,400 in December. “Admittedly, the rise is pretty marginal, but it is nonetheless the first increase in four months,” said Vicky Redwood of Capital Economics. The results provoked calls for the coalition government to boost private sector employment.“On its part, the Government should ensure that the labour market remains flexible, and should avoid imposing onerous regulations on business,” said economist David Kern of the British Chambers of Commerce.Companies face £23bn in costs from new employment laws, he said. KCS-content last_img read more

"UK labour market stumbles"