American Apparel in audit spat

first_imgTuesday 17 August 2010 8:24 pm Show Comments ▼ American Apparel in audit spat Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Share Tags: NULL whatsapp KCS-content whatsapp Retail group American Apparel said yesterday its operating losses may result in its breach of its debt covenant, and that it has received a subpoena from the US attorney’s office over changing accounting firms. Shares dropped by more than 25 per cent following the announcement, which revealed that previous auditor Deloitte told the firm its 2009 financial statements may not be reliable when it severed ties. The company said it may have to delist from the New York Stock Exchange if it cannot file its financial reports with a new auditor in time. last_img read more

WHAT THE OTHER PAPERS SAY THIS MORNING

first_img whatsapp 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 TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitioninvesting.comCanceled TV Shows Announced: Full Updated Listinvesting.comthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comHero WarsBig Boss of internet games!Hero Wars FINANCIAL TIMES LENDERS SHUNNED ON STRESS TESTS DOUBTSLeading UK and continental European companies are increasingly shunning banks from Spain, Italy and even Germany because they do not believe the Europe-wide stress testing of banks gave a true picture of their financial health. Corporate treasurers from groups with revenues of more than $240bn told the Financial Times they were conducting their own tests to gauge for themselves banks’ robustness.SHINHAN BANK IN COMPLAINT ON PARENT’S HEADShinhan Bank has filed a complaint with Seoul authorities against the chief executive of Shinhan Financial Group, its parent and South Korea’s largest financial company by market value, alleging embezzlement and breach of trust.COULSON AFFAIR ESCALATES MEDIA WARWhen senior aides to the royal family noticed strange things happening to their mobile telephones in late 2005, they could not know their suspicions would trigger a scandal that would involve the country’s best-selling newspaper, its biggest police force and the prime minister himself. Their hunch that their mobiles, as well as those of princes William and Harry, were being hacked into by reporters proved correct, and Clive Goodman, a journalist, and Glenn Mulcaire, a private investigator, were both jailed for the offences.FEARS GROW OVER GLOBAL FOOD SUPPLYRussia announced a 12-month extension of its grain export ban, raising fears about a return to the food shortages and riots of 2007-08 which spread through developing countries dependent on imports.THE TIMESSECOND LOOK AT FLOTATION FOR SCOTTISH RESOURCESScottish Resources is considering returning to the City after a lack of investor support forced it to shelve a flotation in the summer. The miner, which owns the remnants of Scotland’s coal industry, is understood to be keen to try its luck again. If it does so, its original target of £250 million might well have to be trimmed.STAMP DEALERS SELL UP TO STANLEY GIBBONSA husband-and-wife team of specialist stamp dealers was £300,000 better off yesterday after their business was bought by Stanley Gibbons, the collectibles company. Stanley Gibbons bought the business, which traded as M&N Haworth, for cash — comprising a payment of £150,000 on completion, plus £150,000 next April.The Daily TelegraphRUPERT MURDOCH TAKES HOME $17M AFTER 6PC PAY CUTRupert Murdoch, the media mogul owner of The Times, The Sun and the News of The World, took a 6pc pay cut to $16.8m (£10.9m) last year, his smallest pay packet since 2003. Although his salary was unchanged at $8.1m, his bonus dropped 20pc to $4.4m. The 79-year-old billionaire chairman and chief executive of News Corporation was also granted $4.1m of stock and share options.‘WORK WITH US CHINA, NOT AGAINST US’, URGE EUROPEAN BUSINESSES0pc European business leaders have issued a cri de coeur for greater market access to China, calling on the world’s largest emerging economy to level the playing field for foreign investors. Jacques de Boisseson made his plea for a fairer deal from China as he launched a 650-page report.WALL STREET JOURNALABBOTT SCRAPS AUCTION OF VACCINES BUSINESSAbbott Laboratories pulled the plug on the sale of its European flu-vaccine business when initial bids came in below the company’s expectations.The auction, which Abbott started in June, drew interest from four or five bidders, but the offers, which came in at less than €500m ($640n), proved too low for the company’s liking.VIMPELCOM IN DEAL TALKS AS PROFIT DROPSRussian telecommunications operator Vimpel Communications Ltd. said it is in talks to buy Egyptian and Italian telecommunications assets, as it reported a 52% decline in net profit. Chief Executive Alexander Izosimov said VimpelCom is in talks to buy Italian mobile operator Wind Telecomunicazioni and a stake in Egypt’s Orascom Telecom Holding. Share Tags: NULL Thursday 2 September 2010 8:48 pmcenter_img whatsapp Show Comments ▼ WHAT THE OTHER PAPERS SAY THIS MORNING KCS-content More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orglast_img read more

BP to recover some of cash from clean-up

first_img KCS-content whatsapp BP to recover some of cash from clean-up BP believes compensation claims related to its Gulf of Mexico oil spill will be less than the $20bn (£12.9bn) the oil giant has put into an independent claims fund, Citigroup said, following a meeting with incoming chief executive Bob Dudley.“He added that given current estimates of claims the $20bn Independent Claim Fund (ICF) that BP established probably exceeds calls,” said Citigroup. He also said the $32bn provision BP made for the total cost of the disaster remained a reasonable indicator of eventual cost.Dudley also told the analysts that claims by Gulf states for lost tax revenue related to the spill “should not be too high” as any tax drops due to lower economic activity following the spill would be offset by the economic stimulus of the response effort.Citigroup said that, following the meeting with Dudley, it had growing confidence BP would reinstate its dividend early next year. “Dudley pointed out the company was not ordered to cut the dividend by the US government – it was a choice by the corporation to preserve liquidity … we believe the company can re-instate a dividend with the fourth quarter results,” Citigroup said. whatsapp Show Comments ▼ Monday 13 September 2010 8:49 pmcenter_img More From Our Partners Native 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.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.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.comKiller drone ‘hunted down a human target’ without being told tonypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal 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 TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldDrivepedia20 Of The Most Underrated Vintage CarsDrivepedia Share Tags: NULLlast_img read more

US economy loses 95,000 jobs

first_img whatsapp US economy loses 95,000 jobs 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 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 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 TimesZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald Share John Dunne Friday 8 October 2010 10:13 amcenter_img whatsapp Show Comments ▼ Tags: NULL The US economy lost another 95,000 jobs in September, the fourth in a row that jobs have been lost, according to official figures.The fall was almost double August’s 54,000 job loss number.Government payrolls fell and private hiring was less than expected, the Labor Department said.Meanwhile private employment increased by 64,000, well below August’s pay roll rise of 93,000.The overall unemployment rate remains at 9.6 per cent.And revisions to data for July and August showed 15,000 more jobs lost than previously reported.This employment report is the last before mid-term elections in early November. last_img read more

Miners get City Freedom

first_img KCS-content CHILEAN president Sebastian Pinera and the 33 miners rescued last week after over two months trapped underground in a collapsed mine are set to be awarded the Freedom of the City of London.Pinera will today attend a lunch at the Mansion House hosted by Lloyd’s of London chairman Lord Levene, standing in for absent Lord Mayor Nick Anstee, as part of the UK leg of a European tour. At the lunch, Levene will make a speech proposing the president and the miners for the Freedom of the City award, in recognition of their bravery before and during the rescue, during which the men were hoisted over half a mile to safety from the depths of a Chilean mine.Levene and Pinera will also discuss infrastructure and renewable energy resources at the lunch.Pinera is also due to meet the Queen and Prime Minister David Cameron today. Share Miners get City Freedom 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 Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe 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 Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryNoteabley25 Funny Notes Written By StrangersNoteableyTotal 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 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 Timescenter_img Tags: NULL whatsapp Show Comments ▼ Sunday 17 October 2010 11:44 pm whatsapplast_img read more

Brit set to announce takeover

first_img whatsapp whatsapp Brit set to announce takeover Show Comments ▼ Brit Insurance is expected to announce its £870m sale to private equity pair Apollo and CVC Capital today, at the same time as its third-quarter results. The Lloyd’s of London insurer and sponsor of the England cricket team agreed a deal in principle in September, with the joint buyers paying £10.45 a share. Tags: NULL Sharecenter_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 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.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm 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 Monday 25 October 2010 8:35 pm KCS-content last_img read more

WHAT THE OTHER PAPERS SAY THIS MORNING

first_img WHAT THE OTHER PAPERS SAY THIS MORNING Show Comments ▼ Tags: NULL FINANCIAL TIMESTOYOTA STILL ON ALERT AFTER CRISISToyota remains on a “crisis” footing a year after the first of a wave of recalls of more than 12m vehicles, an executive at the Japanese carmaker has said.Shinichi Sasaki, the board member responsible for quality, told the Financial Times: “I don’t think the crisis is over. If we step down the level of our efforts at this point in time, it may mean we are sowing the seeds of crisis once again.”SAP CONSIDERS OPTIONS AFTER FINESAP said it would “consider all available options” and hinted it would seek a settlement after a US jury imposed a $1.3bn fine on the German group for illegally downloading rival Oracle’s software. The decision is a significant setback for SAP’s new management just as it had started to boost morale at the company.PORSCHE POSTS STRONG PROFITSPorsche gave a strong sign of confidence to employees and investors when the German sports car maker almost doubled its workers’ cash bonus and posted a stellar 19 per cent profit margin in the past quarter.The producer of the iconic 911 sports car said it would pay its more than 13,000 employees a performance bonus of €2,100 for the past financial year, which ended in July.TIFFANY SEES SALES SPARKLETiffany is seeing early demand during the first weeks of the holiday season exceed its expectations, according to Michael Kowalski, its chief executive, as the US jeweller raised its full-year earnings forecast.“We are now a few weeks into the all-important two-month holiday season and sales growth is exceeding our expectations, although the majority of the holiday season is certainly still ahead of us,” Mr Kowalski said on Wednesday. Wednesday 24 November 2010 9:06 pm Sharecenter_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 The Dream Girl In The 90s, This Is Her NowMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter Center whatsapp whatsapp THE TIMESINVESTORS RUSH TO JOIN FACEBOOK FUNDSAmerican investment groups that have created Facebook funds to enable retail and institutional investors to own a slice of the social networking giant have been overwhelmed by demand.The companies have been buying up shares in the secondary market, from Facebook employees or those leaving the company, to be held in limited liability companies.BANKS AIM TO APPEASE CRITICS WITH PACT TO CUT BONUSESAs political pressure grows ahead of January’s bonus round, The Times has learnt that senior executives from Barclays, HSBC, Standard Chartered and Royal Bank of Scotland held discussions last week about a possible pact to cut bonus payouts and boost lending to small firms.The Daily TelegraphGERMANY WALLOWS IN GOLDEN AUTUMNBehind the unfolding horror story of Ireland, Greece, Portugal and Spain, something is stirring in Europe which promises a rather better future than the grim, crisis-ridden headlines of the moment might suggest. Germany, the powerhouse of the European economy, is growing again, and what’s more, it is domestic demand, not net trade, which is driving the renaissance. PORTUGAL GRINDS TO A HALT IN GENERAL STRIKE PROTESTING AUSTERITY MEASURESPortugal was crippled on Wednesday as workers staged a 24-hour strike causing travel chaos and closing schools and hospitals to protest against tough austerity measures designed to tackle the debt crisis. The stoppage was the first since 1988 to involve Portugal’s two main unions.WALL STREET JOURNALSPAIN DEFENDS ITS BANKING SECTORSpanish officials are mounting an aggressive campaign to dismiss fears that Europe’s fiscal woes – which have already leapt from Greece to Ireland and may soon spread to Portugal – will reach their shores.This week, Spanish officials hastened to throw up a firewall around their country with a volley of positive comments about the progress of Spain’s fiscal reforms and the soundness of its banking sector.WITH EU DEAL, RUSSIA PAVES WAY FOR WTO MEMBERSHIP Russia and the European Union reached a deal Wednesday that could pave the way for Russia to join the World Trade Organization in 2011.“We’ve practically resolved all the issues,” deputy prime minister Igor Shuvalov said after meeting with senior EU officials. KCS-content last_img read more

Treasury to launch consultation into taxation of foreign profits

first_img whatsapp whatsapp 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 TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldHealthyGem”My 600-lb Life” Star Dropped 420 Pounds, See Her NowHealthyGemmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.com Share Tags: NULL Treasury to launch consultation into taxation of foreign profits center_img KCS-content 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.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.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.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comWhy people are finding dryer sheets in their mailboxesnypost.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.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com GEORGE Osborne will today launch a consultation on the much-maligned rules that govern the taxation of foreign profits, which have been blamed for the departure of several high-profile multinationals in recent years. The Treasury is expected to propose a more “territorial” approach to the so-called controlled foreign companies (CFC) rules, which would restrict the Revenue’s right to impose tax on profits earned in low-tax jurisdictions. An aide to the chancellor said he wanted to prove he was serious about his pledge to make Britain the most competitive corporate tax regime in the G20 group of industrialised nations. The Treasury must now perform a delicate balancing act, and reform the rules without foregoing significant revenues. In the past, Osborne has lowered headline rates by scrapping reliefs and allowances, a method that aides say he is keen to use again.But some firms are worried that they will get higher tax bills as a result of the reforms. One option under consideration is to abolish CFC rules but in turn limit deduction of interest costs in respect of foreign profits – a compromise that would risk alienating overseas investors. Sunday 28 November 2010 9:53 pm Show Comments ▼last_img read more

House prices down 3.9 per cent on June

first_img whatsapp whatsapp Tags: NULL HOUSE prices fell by another 0.3 per cent in November, mortgage-lender Nationwide announced yesterday.The news follows an even sharper drop in the previous month, as prices fell 0.7 per cent on September.Prices have either fallen or stagnated since June, according to Nationwide’s statistics. The average house price in the UK is now £163,398, whereas in June houses were averaging over £170,000, more than 3.9 per cent higher.The announcement echoes recent gloomy news for the housing market from other sources. On Monday the Bank of England declared that mortgage approvals sank to an eight month low in October, totalling just 47,185.And that afternoon the Office for Budget Responsibility (OBR) forecast a 3.1 per fall in prices for the coming year, despite predicting strong economic growth and a rise in employment.But these factors are unlikely to make much difference to the housing slump, according to Howard Archer of IHS Global Insight.Low real wages and continuing difficulties in securing mortgages (particularly for first time buyers) are likely to maintain the housing markets woes, he said.And this is despite low interest rates and the stamp duty holiday for first time buyers.“House prices will lose around 10 per cent of their value from peak 2010 levels by the end of 2011,” he said. “This would see average house prices fall to £153,100 as house prices have another 6 per cent to fall.”The pessimistic outlook is not equally spread throughout the UK. “London continues to outperform the rest of the country, and should be seen as a separate market in its own right,” said Peter Rollings of estate agent Marsh & Parsons.Demand from foreign buyers and cash buyers is circumventing the credit problems in the UK mortgage lending sector, he said. “And with bonus season on the way, we anticipate many City workers taking advantage of the increased choice of properties on the market,” he added. House prices down 3.9 per cent on June Sharecenter_img Wednesday 1 December 2010 8:21 pm 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 The Dream Girl In The 90s, This Is Her NowMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldUndoAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoReporter CenterBrenda Lee: What Is She Doing Now At 76 Years of Age?Reporter CenterUndo KCS-content More From Our Partners Police 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.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.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.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 Show Comments ▼last_img read more

Xstrata to shake up board

first_img whatsapp 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.comDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen Herald KCS-content Tuesday 14 December 2010 9:34 pm Show Comments ▼ Xstrata to shake up board Sharecenter_img whatsapp WILLY Strothotte, the chairman of Glencore and FTSE 100-listed miner Xstrata, is due to leave his post at Xstrata in the coming year as part of a board-room changeover.Strothotte has been at the helm of Xstrata since it floated in London in 2002, and several other non-executive directors have been on the board for eight to nine years.The company has started to look for replacements for Strothotte and several other directors, ahead of a possible Glencore flotation next year. Glencore, which owns a 34 per cent stake in Xstrata, shares several board members including Strothotte and Glencore chief executive Ivan Glasenberg, who is a non-executive on the Xstrata board.A source close to the firm told City A.M. that the changes are “part of a general look at whether the board needs refreshing.”Xstrata declined to comment. More From Our Partners Inside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comPolice 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.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comConnecticut man dies after crashing Harley into live bearnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Tags: NULLlast_img read more