Eutelsat reaches more TV homes

first_imgWednesday 15 September 2010 8:12 pm More From Our Partners Astounding 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.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Tags: NULL Eutelsat reaches more TV homes Show Comments ▼ 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 PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoPeople-TodayWoman Files For Divorce After Seeing This PhotoPeople-TodayUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndocenter_img whatsapp One of the world’s largest satellite operators Eutelsat Communications yesterday said it is reaching nine out of 10 homes in those countries it serves, as it announced the key highlights of its bi-annual survey of television reception by satellite and cable homes. Eutelsat own satellites that provide coverage over the entire European continent, the Middle East, Africa, India and large parts of Asia and the Americas. The survey showed 204m satellite and cable homes receive channels via Eutelsat, up from 190m in 2008. Share KCS-content whatsapplast_img read more

Public spending cuts force ?Archial into administration

first_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comPuffer fish snaps a selfie with lucky divernypost.comUK 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.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com Public spending cuts force ?Archial into administration KCS-content 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 ScottsdaleMoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity 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.com whatsapp BRITISH architectural firm Archial Group called in the administrators yesterday after the taxman rejected a payments deal and in the wake of a slowdown in business due to government spending cuts in the UK.The administrators from PricewaterhouseCoopers would now seek a rapid sale of Archial as a going concern, said the company in a statement.Archial warned in August that its profits for 2010 would be lower as reduced government spending caused projects to be cancelled or delayed.Britain’s coalition government has said it will slash spending over the next four years in a bid to drive down its deficit. The cuts claimed a high-profile victim earlier in September when social housing maintenance provider Connaught collapsed. center_img whatsapp Show Comments ▼ Share Wednesday 22 September 2010 7:59 pm Tags: NULLlast_img read more

Russian grocer O’key planning a £315m London share offer

first_img RUSSIA’S third biggest food retailer O’key plans to raise up to $500m (£315m) in a London share offer to fund expansion, making it the latest Russian firm to revive IPO plans. O’key, which operates a 52-store chain, will launch a global offering of global depositary receipts (GDRs), with each GDR representing one share, by the year-end, it said yesterday.It did not confirm how much it wanted to raise from the deal — which will comprise both primary and secondary offer of shares. “There continues to be substantial under-penetration of modern retail throughout Russia and we believe we have the right business model and customer value proposition opportunity,” chief executive Patrick Longuet said. Show Comments ▼ 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 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 KCS-content Tags: NULL Sharecenter_img Russian grocer O’key planning a £315m London share offer Read This Next’Kevin Can F**k Himself’: Here’s Why Only Allison and Patty Are SeenThe Wrap20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Batwoman’: Wallis Day on Circe’s ‘Deranged’ Warpath and the Key to SavingThe Wrap’Godzilla vs Kong’ Reaches $100 Million in US After Grossing $250,000 inThe WrapJoin a Conversation on ‘Cancel Culture in Comedy’ with Maz Jobrani, SkyeThe WrapAnya Taylor-Joy, Ralph Fiennes Join Searchlight’s Dark Comedy ‘The Menu’The WrapAfter ‘Black Widow,’ Kevin Feige Leaves Open the Possibility of OtherThe Wrap’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe Wrap whatsapp Tuesday 5 October 2010 8:23 pm whatsapplast_img read more

Shock fall in September retail sales

first_img THE high street suffered a shock fall in retail sales last month, raising fears that consumer spending is slowing even before the austerity measures really begin to bite. Headline retail sales fell by 0.2 per cent for a second consecutive month in September after a downwardly-revised drop of 0.7 per cent in August. Economists had expected a rise of 0.3 per cent. 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 PastUndoSerendipity 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.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndothedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comUndo whatsapp Tags: NULL Share Show Comments ▼ Shock fall in September retail sales KCS-content whatsapp On a quarterly basis, sales grew by one per cent in the third quarter but this was less than the 1.5 per cent growth seen in the three months to August. This slowing underlying trend has primarily been driven by weaker food sales with quarterly food store sales volume contracting by -1.1 per cent in September.In annualised terms retail sales growth was a pedestrian 0.5 per cent, although if you strip out auto fuel it was 1.8 per cent. “That is pretty slow – not surprising when earnings growth is not keeping pace with inflation and a double-dip in the housing market has probably sapped confidence,” said BNP Paribas’ Alan Clarke. The largest fall in core sales last month was in textiles and clothing, which dropped by 0.8 per cent on the month following a 0.7 per cent fall in August.Andrew Goodwin, senior economic adviser to the Ernst & Young ITEM Club, said: “It is a picture of consumer demand stagnating through the middle of this year. In fact sales levels are barely higher than this time last year and that comes as little surprise given how weak the fundamentals are right now.”“The outlook remains pretty bleak for consumers. The final few months of the year might look artificially good if January’s VAT rise encourages consumers to bring forward their purchases of big-ticket items. But after that consumer demand is likely to remain soft with numerous headwinds buffeting households,” Goodwin added. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA 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.orgKiller drone ‘hunted down a human target’ without being told tonypost.com Thursday 21 October 2010 9:05 pmlast_img read more

Robbie and pumpkins: clearly we’re not broke

first_img More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com Robbie and pumpkins: clearly we’re not broke KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe 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.com Sunday 31 October 2010 11:01 pm Sharecenter_img Show Comments ▼ whatsapp THANK God it’s Monday. It’s nice to get back to the doom and gloom of untradeable equity markets, the melting dollar and on-going sovereign debt disasters. So much better than the nonsense of the past couple of days, which included spending a load of money on Halloween rubbish for the kids and phoning up Ticketmaster forlornly for hours on end trying to buy Take That tickets I didn’t really want.Still, those twin weekend miseries were vaguely reassuring in that they clearly showed any doom-mongering over the impending collapse of the UK consumer, weighed down by the coalition’s enforced austerity, to be utter nonsense. Any country that has spare cash to throw at buying millions of pumpkins that will never get eaten (don’t give the bull about you making pumpkin soup afterwards) and hundreds of millions on tickets for a group more middle of the road than cats-eyes, clearly has more money than sense. On this evidence alone, George should have gone for 22.5 per cent VAT next year (perhaps).So whilst there is a big, fat question mark over just how much money the UK consumer still has to spend on luxuries (yes, it’s come to this when Robbie Williams and plastic witches cauldrons are deemed luxuries), what isn’t in doubt is that we are in for a long haul getting the government out of its fiscal mess.In fact, my guest host on Squawk Box Europe this morning, Sean Corrigan of Diapason Commodities, thinks we haven’t gone anywhere near far enough in cutting away at the country’s indebtedness.“Despite all the hoopla, a great opportunity has been missed to shrink other undesirable aspects of the state… Red tape should have been slashed, bureaucratic meddling abjured, and taxes simplified so that many of the added costs of doing business can be crushed,” says Corrigan.He’s got a nice line in Big Society, too, this morning, pointing out that more public consultation over where the axe falls – the public spending axe that is, not the plastic Halloween one – didn’t go nearly far enough.Corrigan notes: “What the new team should have said was “You – the private sector worker – you pay for all of our services, so which ones could you do without, or would you rather buy for yourself on the free market? If we give you back the money we have been confiscating from you to provide them, that is.”Nice contentious stuff then this morning from Corrigan but I fear he is wrong, as is David Cameron, to heap too many decisions upon the UK electorate and hence consumer. Given the choice between paying for having the bins collected weekly and being squeezed into the back of Wembley Stadium with 100,000 other poor souls to see someone who might just be Robbie Williams belting out iffy pop songs, I fear over-flowing refuse may just become a more common sight.Steve Sedgwick is a presenter on Squawk Box Europe each weekday morning on CNBC. http://europe.cnbc.com whatsapp Tags: NULLlast_img read more

Investors look to new markets

first_imgWednesday 1 December 2010 8:20 pm Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof Show Comments ▼ whatsapp whatsappcenter_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 A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”Wanderoam Share UK?retail investors have invested a record amount in emerging market funds, it was revealed yesterday.The Investment Management Association (IMA) showed net sales of £336m for October. “Appetite for global investing continues, with the global emerging markets sector reporting its highest sales on record in October,” said Richard Saunders, Chief Executive at the IMA.Total net retail sales were £2bn in October, taking the total for the year to £20bn. Net ISA sales for October totalled £44.6m, the lowest level since February last year. Investors look to new markets KCS-content last_img read more

STAGECOACH ARTS SEES PROFIT DIP

first_img Tags: NULL whatsapp whatsapp KCS-content Tuesday 18 January 2011 7:39 pm Show Comments ▼center_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 WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap STAGECOACH ARTS SEES PROFIT DIP UK THEATRE franchise Stagecoach Theatre Arts reported a fall in revenue against 2009 yesterday, with group revenue dropping to £2.9m from £3m last year. Its first-half profits were significantly down, falling to £72,000 pre-tax from £267,000 in the previous year. The group put the drop down to a planned investment in marketing material, as well as a reduction in agency brochure income and initial fees. Share 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 AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comlast_img read more

CITY MOVES | WHO’S SWITCHING JOBS

first_imgTuesday 25 January 2011 7:23 pm CITY MOVES | WHO’S SWITCHING JOBS RSM TenonThe seventh largest accountancy firm has named accountant Peter Musgrave as head of its enlarged London office. RSM Tenon has brought together teams from four offices into the central London location in Chiltern Street in the West End and created a 450 strong team covering all the Group’s services. Peter previously ran the RSM Tenon’s Wigmore Street office and now heads the largest office within the group, dedicated to the London market.Moelis & CompanyMoelis & Company has appointed Alexandra Oldroyd to the firm as a managing director based in London. She will advise clients in the consumer industry with a particular focus on the food and beverage sector, working closely alongside Benoit Renon, managing director in the firm’s European consumer practice. Oldroyd joins from Barclays Capital where she was a managing director and pan-European beverages analyst. AFMThe Association of Financial Mutuals [AFM] has hired John Reeve, chief executive of Family Investments, as its new Chairman. Reeve takes over from Mike Yardley, who stepped down as chief executive of Royal London last year. Reeve has been chief executive of Family Investments, the leading provider of the Child Trust Fund and affordable tax-exempt savings plans especially for children, since 1992. The AFM is a trade body that represents 57 mutual insurers, friendly societies and other financial mutuals in the UK and is tasked with enhancing the importance and value of mutuals within the UK’s financial service sector.World FirstSir David Clementi, former deputy governor of the Bank of England, Sir David Clementi, is to become chairman of the board of directors of foreign exchange brokers, World First. He has been senior advisor to the company since 2006. Clementi is currently chairman of Kings Cross Central and a director of The Royal Opera House. He was previously chairman of Prudential and was deputy governor of the Bank of England from 1997 to 2002. He has also been chief executive of Kleinwort Benson.Jones Lang LaSalleJones Lang LaSalle has appointed Robert Mayhew as regional director in its valuation advisory team in London. Robert is relocating from Jones Lang LaSalle Russia and CIS where he has been the head of strategic consulting and valuation since late 2006. Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adsthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com KCS-content Share whatsapp whatsapp Tags: NULLlast_img read more

Markets lifted by bullish US economy

first_img Share whatsapp Show Comments ▼ whatsapp US stocks rose yesterday on strong earnings and signs of a strengthening economy, even as a surge in the price of oil highlighted the potential for increased political risk in the Middle East to upset markets. Egyptian Vice President Omar Suleiman said on Monday that President Hosni Mubarak has asked him to start a dialogue with all political forces, while Egypt’s armed forces pledged not to fire on peaceful demonstrators.The latest news calmed markets after stocks suffered their biggest fall in nearly six months on Friday. The improved sentiment helped the Market Vectors Egypt Index rise 7.9 per cent, indicating investors’ appetite for risk in the region had recovered somewhat.“It’s creating a great opportunity to step up and increase exposure to emerging markets and other areas of the international markets,” said Robert Lutts, president and chief investment officer at Cabot Money Management in Salem, Massachusetts. “I’m optimistic that this will be resolved and blow over.”Relief that the turmoil appeared not to be escalating allowed investors to focus on data showing stronger US personal spending and regional manufacturing, while better-than-expected earnings from Exxon Mobil sent the company’s shares up more than 2 per cent.Exxon Mobil gained 2.1 per cent to $80.68 after the world’s largest publicly traded oil company reported a 53 per cent increase in quarterly profit. Its shares closed up at $80.68 after earlier in the day hitting a two-year high of $80.82. M&A activity also helped lift stocks. Massey Energy rose 9.8 per cent to $62.86 after Alpha Natural Resources agreed to a $7.1bn deal to create the second largest US coal miner by market value. On the economic front, the Commerce Department said US consumer spending rose in December for a sixth straight month, while a separate report showed business activity in the US Midwest grew more than expected in January. In other M&A action, CNOOC will pay $1.3bn in its second shale deal with America’s Chesapeake Energy, the latest move by China’s top offshore oil producer in its aggressive drive for overseas acquisitions. Chesapeake advanced 8 per cent to $29.53.The Dow Jones industrial average gained 68.23 points, or 0.58 per cent, to 11,891.93. The Standard & Poor’s 500 Index rose 9.78 points, or 0.77 per cent, to 1,286.12. The Nasdaq Composite Index added 13.19 points, or 0.49 per cent, to 2,700.08. Monday 31 January 2011 7:50 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal 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 AthletesBetterBeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adsautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia Markets lifted by bullish US economy Tags: NULL KCS-content last_img read more

US lawmakers oppose bank dividend plans

first_imgTuesday 15 February 2011 3:31 pm More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com alison.lock Seven US Democratic lawmakers have expressed concern that big banks, some of which are still benefiting from government financial support, plan to boost their dividends and reduce capital.“It seems hard to justify reducing the capital of banks without considering the continued government support that banks with outstanding guarantees enjoy,” the House of Representatives members said in a letter to Federal Reserve chairman Ben Bernanke.The lawmakers praised the Fed for organising a second round of “stress tests” on the capitalisation of big banks.“We are concerned, however, that the result of the new stress tests may be that some of the 19 banks will be permitted to increase dividends or repurchase stocks as early as the second quarter of this year,” they said.The letter was signed by Brad Miller, Maxine Waters, George Miller and four other House Democrats, most of them members of the House Financial Services Committee, which oversees banks and Wall Street.US regulators did a first round of stress tests in early 2009 on the adequacy of capital reserves at big banks while the devastating banking crisis of late 2008 and the massive bailouts that followed were still fresh.Another round of stress tests is being organised by the Fed. The largest US banks slashed their dividends at the height of the crisis in the autumn of 2008 after getting billions of dollars in government bailouts.Investors have been pushing for a return of the quarterly payouts now that many of the largest banks have repaid the aid and are posting consistent profits.Bank of America, the largest US bank by assets, plans to raise its dividend, now at one cent per share, in the second half of 2011, if it receives Fed approval.In their letter to Bernanke, the lawmakers said some of the largest banks, including Bank of America, JPMorgan Chase, Citigroup Morgan Stanley and Goldman Sachs still benefit from the government’s Temporary Liquidity Guarantee Program set up in the crisis.Fed Governor Daniel Tarullo last month said the central bank wants lenders to be careful about raising dividends during the modest economic recovery.Lower capital at banks that still have TLGP guarantees “may put the FDIC at greater risk,” the lawmakers said in the letter, also sent to Treasury secretary Timothy Geithner. Tags: NULL whatsapp Share whatsapp Show Comments ▼ US lawmakers oppose bank dividend plans last_img read more