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Yahoo

World - Ex-JP Morgan banker fined $1.1bn over `London Whale` scandal


Britain`s financial watchdog on Tuesday fined a former JP Morgan executive for failing to disclose concerns about the so-called `London Whale` affair that cost the bank $6.2 billion. Achilles Macris, ex-boss of the bank`s international chief investment office in London, was fined £792,900 ($1.1 million, 1.0 million euros), the Financial Conduct Authority (FCA) said in a statement. Macris `was responsible for a number of portfolios, including the Synthetic Credit Portfolio, at the time of what became known as the London Whale trades,` the FCA said.


Tuesday, February 09, 2016  17:08

Yahoo

World - Sliding oil prices sends UK deficit to record high


Britain`s trade deficit reached a record high last year as the value of North Sea oil exports tumbled. Total exports fell 2.8 percent, as sliding oil prices hit income earned from sales abroad of North Sea crude. Meanwhile exports of goods to the rest of the European Union fell by £11.6 billion, owing to a `fall in oil exports of £9.8 billion`, the ONS said.


Tuesday, February 09, 2016  15:06

Yahoo

World - Drugs giant GSK fined £37m over `pay-for-delay` deals


Britain`s competition watchdog on Friday fined drugmaker GlaxoSmithKline £37.6 million ($54.5, 48.1 million euros) for entering into deals which delayed generic cheaper versions of its anti-depressant Seroxat. The Competition and Markets Authority (CMA) said in a statement that GSK colluded from 2001 to 2004 with potential suppliers of a generic version of Seroxat, paying them a total of £50 million to delay production of cheaper versions. The watchdog added that GSK`s so-called `pay for delay` deals had resulted in higher costs for the state-run National Health Service.


Friday, February 12, 2016  14:48

Yahoo

World - Liverpool owners scrap ticket hike, apologise to fans


Liverpool`s owners on Wednesday apologised and scrapped controversial plans to hike Anfield ticket prices after 10,000 fans walked out of the ground in protest at the weekend. Principal owner John W Henry and chairman Tom Werner acted after legions of angry Reds fans stormed out of the ground in the 77th minute of Saturday`s home game against Sunderland. The timing reflected the £77 ($112, 99 euros) being asked for the most expensive ticket at Anfield next season.


Wednesday, February 10, 2016  19:53

Yahoo

World - Premier League fans `plot mass walkout over ticket prices`


Football fans in England are considering a mass walkout in protest at rising Premier League ticket prices, the Daily Telegraph reported on Tuesday. An estimated 10,000 Liverpool supporters left Anfield in the 77th minute of Saturday`s 2-2 draw with Sunderland in protest over plans to introduce a most expensive match ticket of £77 ($112, 99 euros). The Football Supporters Federation (FSF), which represents fans in England and Wales, said it would convene a meeting to discuss coordinated action, including a simultaneous fan walkout at top-flight fixtures.


Tuesday, February 09, 2016  13:37

Yahoo

World - Manchester United set £500 million revenue target


London (AFP) - Manchester United expect to make more than £500 million ($719.5 million, 635.2 million euros) in the 2016 financial year, the club announced on Thursday, despite continued underperformance on the pitch.


Thursday, February 11, 2016  13:59

Yahoo

World - Juve grabs late winner to beat Napoli 1-0 for Serie A lead


Substitute Simone Zaza scored two minutes from time and Juventus beat visiting Napoli 1-0 on Saturday to take the Serie A lead from the southern club.


Saturday, February 13, 2016  22:24

Yahoo

World - Juventus beats Napoli 1-0 to take Serie A lead


Substitute Simone Zaza scored two minutes from time and Juventus beat visiting Napoli 1-0 on Saturday to take the Serie A lead from the southern club.


Saturday, February 13, 2016  22:07

USATODAY

Top Stories - 10 perfect Valentine`s Day movies for singles


Let Melissa McCarthy, Nicolas Cage and some dinosaurs keep you from feeling blue.


Saturday, February 13, 2016  12:36

USATODAY

Top Stories - 10 perfect Valentine`s Day movies for singles (pint of ice cream not included)


Let Melissa McCarthy, Nicolas Cage and some dinosaurs keep you from feeling blue.


Saturday, February 13, 2016  01:48

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