Bernanke says QE has created 3m jobs

first_img whatsapp whatsapp Bernanke says QE has created 3m jobs KCS-content AMERICA’S programme of quantitative easing (QE) has stimulated the creation of up to three million jobs, Federal Reserve chairman Ben Bernanke defiantly claimed yesterday.Facing a barrage of questioning over the controversial scheme during a testimony at the House of Representatives, Bernanke cited “credible” simulation studies that show QE boosting the economy.Yet the outlook for America’s high levels of unemployment remains gloomy, he said. Displaying little appetite for monetary tightening, Bernanke’s dovish comments saw the dollar drop against the euro.The euro broke above a key $1.37 level versus the dollar, although euro buying by central banks to diversify their reserves also undermined the dollar.“Despite recent better-than-expected data, the chairman continues to deliver the same message of caution and patience,” noted Michael Gapen of Barclays. The ailing US labour market still risks turning cyclical unemployment into an imbedded problem, Bernanke said. “Almost half the unemployed have been out of work for over six months,” he said.“The risk is that if it goes on long enough, it will start becoming structural as people lose their skills and their connection to the labour force.”The monetary stimulus, including the latest phase (QE2), is recognised as only “a temporary measure that will be reversed,” he insisted, when pressed if he was monetising the federal government’s mammoth debts.The policy is not to blame for inflation, he said, blaming price pressures on foreign demand.“The inflation is taking place in emerging markets because that’s where the growth is, that’s where the demand is and that’s where in some cases the economies are overheating,” Bernanke said.“Inflation made in the US is very, very low,” he said, citing core inflation in the US of only 0.7 per cent. Tags: NULL Show Comments ▼ Share Wednesday 9 February 2011 7:40 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnautlast_img read more

BATM sees its profit tumble

first_imgMonday 7 March 2011 8:55 pm Israeli telecoms equipment firm BATM Advanced Communications posted a fall in its full-year profit, hurt by a decline in sales to its key customer Nokia Siemens Networks (NSN). Although the firm maintained its final dividend of 0.8p per share, it scrapped its interim dividend for 2011. For the year ended 31 December pre-tax profit was $194,000 (£119,748), compared with $19.3m last year. Revenue fell 11 per cent to $120.6m. Gross profit margin fell to 35.4 per cent from last year’s 42.6 per cent. Share 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 WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap BATM sees its profit tumble whatsapp KCS-content Tags: NULL whatsapp Show Comments ▼last_img read more

Squeeze tightens on households

first_img Household finances have plummeted at the sharpest rate for two years – and the average amount of cash Britons have available to spend dropped at a record rate in March, according to the Markit household finance index released today. The slump left households at their most pessimistic since the survey began in February 2009, Markit said. There was also worrying news for the jobs market, as the survey reported the sharpest decline in job security for eight months. Furthermore, price pressures continue to squeeze British households, with around 82 per cent of respondents reporting a monthly increase in prices paid for goods and services. Inflation expectations dipped only slightly compared to January’s record high. More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell 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.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.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.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com 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 ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Todayautooverload.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 whatsapp KCS-content Sharecenter_img Squeeze tightens on households whatsapp Sunday 20 March 2011 11:05 pm Show Comments ▼ Tags: NULLlast_img read more

BEST OF THE BROKERS

first_img whatsapp 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 ScottsdaleMoneyPailNight DailyHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeNight DailyJournalPregnant Woman Takes a Nap – You Won’t Believe What She Discovered When She WokeJournalThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropNews SharperGrab A Tissue Before You See Richard Simmons At 72News SharperBetterBe20 Stunning Female AthletesBetterBeMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople Today More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com KCS-content TAYLOR WIMPEYDeutsche Bank rates the housebuilder “buy” with a target price of 53p. The broker says in its review of the UK building sector that the firm’s recent mortgage deals with 95 per cent loan to value could pave the way for others, easing lending conditions for buyers this year.LEGAL & GENERALStandard & Poor’s rates the insurer “hold” with a target price of 126p. The broker expects cash generation to make only marginal progress in 2011, with the UK delivering flat growth at best. However, it thinks L&G’s invesment management operation has long-term growth potential. Tags: NULL center_img whatsapp BEST OF THE BROKERS Sunday 20 March 2011 10:53 pm Share Show Comments ▼last_img read more

Diageo turns to tequila for its next buy

first_img Share Show Comments ▼ More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.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.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com DRINKS group Diageo is considering a bid for tequila firm Jose Cuervo, people with knowledge of the company confirmed yesterday, as part of chief executive Paul Walsh’s multi-billion pound acquisition spree. Diageo, which already distributes Cuervo on behalf of the Beckmann family that owns the brand, is said to be considering a $2bn (£1.2bn) takeover offer. The move comes just a week after the company was linked to Polish spirits group Stock, as it attempts to broaden its reach in emerging markets to offset flagging domestic sales.Diageo, the maker of Johnnie Walker whisky and Smirnoff vodka, last month also agreed to buy Turkish spirits firm Mey Icki for £1.3bn. Walsh halted Diageo’s share buyback programme in 2009 to help fund the company’s war chest. Cuervo has been tightly held by the Beckmann dynasty for six generations, but is now said to be in talks to appoint Barclays Capital to help it sell off the company. BarCap declined to comment yesterday. Cuervo and Diageo signed a joint venture in 2003, with the former paying $100m for a 50 per cent stake in Diageo’s Don Julio tequila brand.Drinks firms have undertaken a spate of takeovers and consolidation in recent months as companies look to shelter from faltering sales.The spirits arms of consumer goods group Fortune Brands is expected to be put on the block later this year, while France’s Rémy Cointreau told the market last month it was in exclusive talks to sell its champagne business to EPI. Diageo declined to comment yesterday, while Jose Cuervo’s head office was not available for comment. Tags: NULL whatsapp KCS-content Sunday 20 March 2011 11:46 pm whatsapp Diageo turns to tequila for its next buy last_img read more

AssetCo chief ousted after court defeat

first_img AssetCo chief ousted after court defeat Show Comments ▼ Thursday 24 March 2011 8:59 pm 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 PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBePeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald whatsappcenter_img whatsapp KCS-content More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comConnecticut man dies after crashing Harley into live bearnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com THE CHIEF executive of troubled fire engine provider AssetCo resigned with immediate effect yesterday at the request of the boardJohn Shannon’s ousting is the latest twist in a rescue saga that saw AssetCo’s investors force through a £16m emergency share placement on Wednesday.Shannon, AssetCo’s largest shareholder after leading a management buyout in 2005, had clashed with investors after blocking the fundraising on Monday, plunging the company’s future into doubt and causing its shares to be suspended. In a hastily-arranged court hearing the evening after the company’s general meeting, shareholders were granted an injunction to force Shannon to comply with the rescue plan’s terms. It included a pledge from three key investors to supply £10m if they could appoint a new executive chairman.“Following the request of the board John Shannon has today resigned with immediate effect,” AssetCo said in a statement.Tudor Davies is now leading the company as executive chairman. Tim Wightman has stepped down as chairman and Christopher Mills has joined the board as a non-executive director.Shareholders were said to have grown frustrated with Shannon since AssetCo admitted in February it was struggling to raise £4m in short-term debt while it refinanced a £50m long-term loan facility. The problems quickly grew, leading to a proposed £8m and then £16m share placement. AssetCo now believes it requires an extra £3-4m of working capital in addition to the £16m just raised. AssetCo’s shares closed 3.6 per cent down at 13.5p on the news. Tags: NULLlast_img read more

Japan may nationalise Tepco

first_img whatsapp 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.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com Share Tokyo Electric Power, the owner of the crippled Fukushima Daiichi power plant, may be temporarily nationalised by the Japanese government in order to resolve the crisis in the reactors.Responding to a Japanese newspaper report saying a plan to temporarily nationalise the company had been floated by some government members, national strategy minister Koichiro Gemba said a discussion about bailing out Tokyo Electric was possible.“Naturally it is possible that there will be various debates about the state of Tokyo Electric,” Gemba was quoted by Kyodo news agency as saying. The discussion came as nuclear waste from the stricken plant was detected in soil in the Fukushima complex and critics urged Japan’s prime minister Naoto Kan to widen the exclusion zone around the plant to move out a further 130,000 people.Tepco said low-risk levels of plutonium had been found in five places in the complex, which must come from spent fuel rods or damage to reactor No. 3, the only one that uses plutonium in its fuel mix.Japan’s Nuclear and Industrial Safety Agency said while the plutonium levels were not harmful to human health, the discovery could mean the reactor’s containment mechanism had been breached.“Plutonium is a substance that’s emitted when the temperature is high, and it’s also heavy and so does not leak out easily,” agency deputy director Hidehiko Nishiyama told a news conference.“So if plutonium has emerged from the reactor, that tells us something about the damage to the fuel. And if it has breached the original containment system, it underlines the gravity and seriousness of this accident.”Radiation from the plant is now being picked up in the air as far away as Florida and a mile out to sea around the plant in what is now being termed the world’s worst atomic crisis in 25 years. alison.lock center_img Tuesday 29 March 2011 3:50 am 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}MoneyPailUndoSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search AdsUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndoDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaUndoHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusUndoPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayUndo Tags: NULL whatsapp Japan may nationalise Tepco last_img read more

WHAT THE OTHER PAPERS SAY THIS MORNING

first_img whatsapp Thursday 31 March 2011 8:40 pm Tags: NULL whatsapp KCS-content center_img Share WHAT THE OTHER PAPERS SAY THIS MORNING Show Comments ▼ FINANCIAL TIMESTOPAZ POSTPONES $1.7BN FLOTATIONTopaz Energy & Marine, one of the biggest oilfield service companies in the Middle East, has pulled its $1.7bn flotation in London less than a month after announcing its intention to list, becoming the latest corporate victim of the civil unrest sweeping the region. Oman’s Renaissance Services blamed the “increasingly uncertain investment climate for new issues caused by international events” for the decision.ALL3MEDIA LINES UP POSSIBLE SALEAll3Media, the UK’s largest independent television producer, has appointed UBS to conduct a strategic review that is likely to result in a sale of the business with a price range of between £600m and £750m. The maker of Skins, Undercover Boss and Shameless has had informal conversations about a sale in the past year.CHIEF EXECUTIVE OF ACER RESIGNSGianfranco Lanci, Acer’s chief executive and global president, has resigned from the Taiwanese computer maker, the latest top executive to fall because of a failure to react quickly enough to the rapid changes sweeping through the consumer electronics industry. Lanci’s resignation came after the Asia’s biggest PC group by sales said last week that first-quarter results would be worse than expected, the second straight quarter that it would miss guidance.M&S STARTS TALKS ON NEW PAY STRUCTUREMarks and Spencer has begun consulting shareholders on a new executive pay plan that could see remuneration linked more closely to the strategic plans set out by chief executive Marc Bolland. One big shareholder described the talks on the new pay plan as “constructive” in terms of its parameters, structure and scale.THE TIMESTENPIN BOWLER TAKES AIM AT LOSS-MAKING SITESBritain’s second-biggest tenpin bowling operator has hired advisers to renegotiate leases on up to a third of its estate in an effort to return the venues to profit. Essenden, which runs 37 centres under the Tenpin brand, said that it had appointed Ernst & Young to “look at the full range of options” for restructuring the loss-making sites. HSBC ON COLLISION COURSE OVER PAYOUTSHSBC has clashed with shareholders over a controversial plan to change its bonus arrangements for senior management, which critics believe could lead to over-generous payouts. Britain’s biggest bank has suggested a radical approach to long-term incentive plans. The plan would be the first of its kind.The Daily TelegraphCURRENCY DEALER INTERCHANGE ORGANIZATION ON BRINK OF COLLAPSEThousands more holidaymakers have seen their savings put at risk because of problems at an unregulated foreign exchange company. Interchange Organization, the owner of Interchangefx, was teetering on the verge of collapse yesterday with accountants Moore Stephens trying to put together a company voluntary arrangement (CVA) to deal with its mounting debts. ARM IN DEMAND AFTER IPAD 2With the recently-launched iPad 2 high on gadget geeks’ wish lists, investors were also piling into the company behind the “brains” of Apple’s tablet computer – ARM Holdings. The source of their optimism was a bullish note from Bank of America-Merrill Lynch.THE WALL STREET JOURNALTURKISH BANKER QUITS One of Turkey’s top bankers resigned amid growing tension between commercial banks and the government over pressures to cut lending. Ersin Ozince, general manager of Turkiye Is Bankasi and head of the Turkish Bankers Association said at a news conference yesterday that he was stepping down from both posts to establish a goat farm.HIGH GRAIN PRICES HERE TO STAY There will be little respite from high global grain prices next year if the US Department of Agriculture’s predictions are accurate. US corn prices soared to their daily limit in Chicago, and wheat and soybean prices also rose as the first forecast for US grain plantings this year pointed to tight supplies well into the 2011-12 crop season. Acreage devoted to corn will expand by four million acres this year. last_img read more

Fed split as QE2 set to continue

first_img DIVISIONS within the US Federal Reserve were exposed last night, with the news that senior officials clashed over the controversial second phase of quantitative easing – dubbed QE2.“A few participants indicated that economic conditions might warrant a move toward less-accommodative monetary policy this year,” the March minutes of the Federal Open Market Committee (FOMC) said.The minutes said that “a few” members warned that the size of the Fed’s balance sheet could lead to public doubt over its tightening credibility, and risk upward pressure on inflation expectations.Those unnamed members’ hawkish views contrasted with those of “a few” other members, who argued that exceptionally loose policy could even continue beyond 2011. Yet despite signs of a split, “almost all” participants felt that there was no case for the Fed’s asset-purchasing programme to be curtailed.“The minutes suggest that the majority of officials want to see QE2 through to the end,” said Paul Dales of Capital Economics.Positive words on the US recovery, plus the apparent commitment to continue with QE2, saw US treasuries fall.Meanwhile, growth in the US service sector slowed in March, according to the ISM non-manufacturing survey released earlier in the day. whatsapp KCS-content Fed split as QE2 set to continue More From Our Partners Native 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.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.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.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com Sharecenter_img Tags: NULL by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was Famous, Now She Works In {State}MoneyPailNews SharperGrab A Tissue Before You See Richard Simmons At 72News SharperThe Sports DropForgotten College Basketball Stars: Where Are They Now?The Sports DropNight DailyHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeNight DailyUpbeat NewsThese 25 Celebrities Ruined Their Career in a Matter of MinutesUpbeat NewsMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia whatsapp Tuesday 5 April 2011 9:03 pm Show Comments ▼last_img read more

Murdoch looks to F1 takeover

first_imgWednesday 20 April 2011 8:31 pm KCS-content Share whatsapp whatsapp Murdoch looks to F1 takeover center_img 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 TimesMoneyPailShe Was An Actress, Now She Works In ScottsdaleMoneyPailLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search Ads News Corp could have the financial clout to force through a deal for Formula One, despite its boss Bernie Ecclestone saying the owners will not sell, sources sais yesterday..Rupert Murdoch is understood to be in talks with Mexican telecoms billionaire Carlos Slim to launch an audacious bid for one of the most prized assets in sport. The F1 chief executive poured cold water on a possible bid, saying the sport’s owners, CVC Capital Partners, are not looking to sell the sport.“CVC are not in the slightest bit interested in selling,” Ecclestone told Bloomberg. “A lot of people approach them but they are there for the long term.“If they [News Corp] were interested for sure they would have called me and they haven’t.”However, he admitted CVC would be forced to consider a high enough bid, adding: “If someone was to come along with an enormous offer, a lot more than it were worth, then they have to look at it. They have never talked about selling though.”One person with knowledge of the matter told City A.M. he believes talks are at a very preliminary stage but agreed CVC would be forced to listen if News Corp were willing to pay enough.He said: “Never say never, CVC is a business and if they were given an offer they couldn’t refuse then you never know.“But there are a lot of advisers who would love to see this deal go through so it should be treated with a pinch of salt until something solid is on the table.”Ecclestone says a sale to a media company would be problematic in terms of negotiating rights. However, F1 was almost sold to the German media firm Kirch Group before CVC snapped it up in 2006 for $1.8bn (£1.1bn). Show Comments ▼ More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comColin 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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org Tags: NULLlast_img read more

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