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FINANCIALS

Saturday, 05 July 2008

Banks pledge £220m to Bradford Bingley

Banks pledge £220m to Bradford & Bingley

Six high street banks have agreed to guarantee up to £220m of the £400m Bradford & Bingley fundraising that was thrown into disarray on Thursday night when private equity house TPG pulled its investment in the buy-to-let lender.

Source: guardian.co.uk

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Thursday, 28 August 2008

Starbucks executives wont get raises in next fiscal year

Starbucks executives wont get raises in next fiscal year

Coffee giant Starbucks Corp. said Chief Executive Howard Schultz and other top managers wont get a raise in the next fiscal year as the company tries to boost profit.

(Source: Los Angeles Times)    read more...

Thursday, 28 August 2008

Drug trial halted; Cell Genesys shares plummet

Drug trial halted; Cell Genesys shares plummet

(08-27) 12:17 PDT SAN FRANCISCO -- Shares in Cell Genesys, once a high-flying biotech startup whose shares traded above $50 back in 2000, plunged 72 percent Wednesday to close at...

(Source: San Francisco Chronicle)    read more...

Thursday, 28 August 2008

Big Shift in Accounting Rules Nears

Big Shift in Accounting Rules Nears

US execs welcome the clarity of the SECs new timetable for switching from GAAP to international standards. But adopting new ways wont be easy or inexpensive by Nanette Byrnes and...

(Source: BusinessWeek)    read more...

Thursday, 28 August 2008

Canon Shares Fall After Ricoh Buys US Copier Distributor Ikon

Canon Shares Fall After Ricoh Buys US Copier Distributor Ikon

By Stuart Biggs Aug. 28 (Bloomberg) -- Canon Inc., Japans biggest office- equipment maker, fell the most in five months in Tokyo trading after Ricoh Co.

(Source: Bloomberg)    read more...

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