Hate To Spoil A Weekend, But .... I don?t see how you can avoid a certain amount of gloom given the week we?ve just had ? and its implications for the future of the U.S. economy.... Read Full Article Cameras That Swim With The Fishes Sanyo, Olympus and Pentax have introduced waterproof camera/camcorders that come surf-ready.... Read Full Article Questions Are Raised About Firing Of Soprano In the ego-driven arena of opera, ?indisposed? is the main euphemism used when a singer is replaced, whatever the real reason.... Read Full Article Powerhouses In Your Lap Notebook computers are surging in popularity and will soon leap ahead in performance and style, writes David Flynn.... Read Full Article Data Bank: Mortgage Crisis Drives Stocks Down Sharply The stock market fell sharply last week as the subprime mortgage crisis spilled over into the broad financial markets.... Read Full Article |
Director NewsCarlyle defies gloom with $2.5bn Booz Allen deal$Carlyle Group has agreed its biggest buyout since the credit crunch took hold after directors of Booz Allen Hamilton, the consultancy group, recommended a $2.54 billion sale of its US government business to the private equity firm.$Read Full Article Tempus: Open planBarclays is wise, given the vascillating that has embarrassed its rivals, to refuse to rule out some kind of capital raising. The bank this morning admitted that its core equity Tier 1 capital ratio, which was already below the bank’s 5.25 per cent target at December, would fall even further, possibly to as low as 4.9 per cent according to analysts, by the half-year. Finance director Chris Lucas says that Barclays is "prepared to run ahead of targets or below, depending on circumstances". But with financial regulators pushing banks to beef up their capital buffer, and Barclays’ competitors’ aiming for targets of 6 per cent at the very least, the bank is going to look increasingly out of step. Questions about its balance sheet are likely to to continue to drag the stock. A further downturn in the financial markets could worsen the problem. It was tricky to tell how parts of the bank are faring. Barclays Capital has been profitable in the year to date despite the turmoil. But, although it wrote back up £500 million worth of its own debt, Barclays did not mention similar improvements in its credit investments. It has also been sparing in writing down its leveraged finance exposure. There is much that could still turn sour for banks this year. No wonder Barclays wants to leave all its options open.Read Full Article Farepak liquidators to sue former directorsThe liquidators of Farepak are suing the company’s former directors over the high-profile collapse of the Christmas savings club two years ago.Read Full Article British Airways counts cost of T5 fiasco as passenger numbers fallThe chaotic opening of Heathrow’s Terminal 5 last month led to British Airways’ worst April since the start of the Iraq war. Yesterday the airline said that passenger numbers had fallen by 7.9 per cent, or 221,000 people, to 2.5 million after the problematic opening of the £4.3 billion terminal. The British flag carrier was forced to cancel more than 430 flights and lost about 20,000 pieces of luggage as it moved into its new home at T5. The negative publicity and cancelled flights are thought to have contributed substantially to the fall in passenger numbers during the month. This particularly affected BA’s UK and European operations, which were the first to move into T5. Short-haul passenger numbers fell 8.5 per cent last month and BA’s aircraft were operating at only 70 per cent of capacity. Worldwide, the carrier’s aircraft were 71.6 per cent full during the month, the lowest April load factor since the Iraq war began in March 2003. Load factors are seasonal and typically in April traffic rises before the summer. The decline in passenger numbers last month was worst in the economy cabins, with an8.8 per cent fall compared with last year. Premium passenger numbers rebounded by 3.4 per cent after a 5 per cent fall in the previous month. Of particular concern to BA will be the sudden drop in transatlantic travel, which is where the carrier makes the bulk of its money. Passenger numbers to and from the Americas fell 7.9 per cent and the load factor fell to 72.2 per cent, from 78.5 per cent in the same month last year. Nick van den Brul, aviation analyst for Exane BNP Paribas, said: “T5 has clearly been a big problem and it will have an impact on profits. April is usually a good month, when things start to pick up after the winter, but this has not happened.” Analysts are concerned that BA’s passenger numbers are falling just as costs rise and the economy slows. Oil prices have hit record levels and this has caused a number of airlines to go into bankruptcy. BA put up its fuel surcharge last week to cover these increased costs, but it risks losing passengers, particularly as the economies of Britain and the United States slow. Doug McVitie, managing director of Arran Aerospace, an aviation consult-ancy, said: “The combination of higher fares, higher costs and falling passenger numbers is very bad news and the more bad news there is, the more people will be put off the airline.” BA’s share price fell 9¾p to 239p yesterday and is trading at less than half the level of a year ago. The company said: “Market conditions are broadly unchanged with long-haul, nonpremium traffic showing significant weakness. In April some impact was felt, particularly on transfer traffic, from the move to T5 and the operational problems in the early part of the month.” Ryanair, the low-cost carrier, has also suffered from weaker demand as a result of tighter household budgets. Its traffic figures for April show that it is not increasing passenger numbers by enough to cope with the capacity it is adding. Passenger numbers rose by 15 per cent to 4.7 million, compared with the same month last year, but load factors dropped to 79 per cent from 83 per cent. Further indications of weakness in the airline sector is expected today when easyJet, another budget airline, reports its first-half figures. Analysts expect a loss of about £50 million compared with a £17 million loss in the same half last year.Read Full Article Dance: In Dublin, Seeing Irish Dance of a Different SortThe 2008 edition of the Dublin Dance Festival is the first under its new director, Laurie Uprichard.Read Full Article External News for: director"The Blind Side" director remembers coach-dad - Houston ChronicleNew York Times"The Blind Side" director remembers coach-dadHouston ChronicleTEXAS CITY, Texas — To hear Sue Hancock tell it, for years her husband asked their son, film director John Lee Hancock Jr., when he was going to make a ...The Blind Side' director says true stories make better filmsKansas City Star'The Blind Side'Los Angeles Times'The Blind Side' — A football movie too sweet to scoreSeattle TimesColumbus Dispatch -MovieWeball 899 news articles »"The Blind Side" director remembers coach-dad - Houston ChronicleNew York Times"The Blind Side" director remembers coach-dadHouston ChronicleTEXAS CITY, Texas — To hear Sue Hancock tell it, for years her husband asked their son, film director John Lee Hancock Jr., when he was going to make a ...The Blind Side' director says true stories make better filmsKansas City Star'The Blind Side'Los Angeles Times'The Blind Side' — A football movie too sweet to scoreSeattle TimesColumbus Dispatch -MovieWeball 899 news articles »3 CF director nominees elected to Terra board - ForbesGlobe and Mail3 CF director nominees elected to Terra boardForbesAP , 11.20.09, 12:47 PM EST DEERFIELD, Ill. -- CF Industries Holdings Inc. on Friday said all three of its director nominees were elected to the board of ...CF Industries Says All Its Director Nominees Elected To Terra's Board - Quick ...RTT NewsMarket Report -- In Play (TRA)MSN MoneyTerra Urges Stockholders To Re-elect Three Of Its Director Nominees To BoardRTT NewsRTT Newsall 567 news articles »"The Blind Side" director remembers coach-dad - Houston ChronicleNew York Times"The Blind Side" director remembers coach-dadHouston ChronicleTEXAS CITY, Texas — To hear Sue Hancock tell it, for years her husband asked their son, film director John Lee Hancock Jr., when he was going to make a ...The Blind Side' director says true stories make better filmsKansas City Star'The Blind Side'Los Angeles Times'The Blind Side' — A football movie too sweet to scoreSeattle TimesColumbus Dispatch -MovieWeball 899 news articles »3 CF director nominees elected to Terra board - ForbesGlobe and Mail3 CF director nominees elected to Terra boardForbesAP , 11.20.09, 12:47 PM EST DEERFIELD, Ill. -- CF Industries Holdings Inc. on Friday said all three of its director nominees were elected to the board of ...CF Industries Says All Its Director Nominees Elected To Terra's Board - Quick ...RTT NewsMarket Report -- In Play (TRA)MSN MoneyTerra Urges Stockholders To Re-elect Three Of Its Director Nominees To BoardRTT NewsRTT Newsall 567 news articles »U.S. skier Resi Stiegler out for season after training crash - Los Angeles TimesWashington PostU.S. skier Resi Stiegler out for season after training crashLos Angeles TimesUS ski team Medical Director Richard Quincy said Stiegler suffered fractures of the tibia and femur. Stiegler, who turned 24 on Nov. ...Breaking News: US Alpine ski racer Resi Stiegler out for the seasonSki ChannelStiegler done for season with broken bones in legThe Associated PressUS Ski Team's Resi Stiegler Fractures Leg, Out for the SeasonUtah Skier OnlineESPN -Jackson Hole Dailyall 104 news articles » |
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