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Computer Sciences settles lawsuit over accounting for $97.5 mln
Reuters* Accounting issues raised over UK contract, Nordic region * Company reserved for settlement in last fiscal year May 16 (Reuters) - Computer Sciences Corp agreed to pay $97.5 million to settle a lawsuit accusing it of defrauding shareholders by hiding a...Tags: Economy, Business and Finance, Alexandria (Alexandria, Virginia), NYSE Euronext, Inc., Science, Crime, Law and Justice
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UK economic underperformance, new BoE chief could hit pound
Reuters* Sterling's recovery versus dollar losing steam * UK seen lagging U.S., significant BoE easing could weigh * Options betting on sterling at $1.4620 by mid-August By Anirban Nag LONDON, May 16 (Reuters) - Sterling is likely to fall sharply against the...Tags: Government, Economy, Business and Finance, Central Bank, Regional Authority, Money and Monetary Policy
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Prospects improve for UK sale of Lloyds bank stake
ReutersEDINBURGH (Reuters) - Britain's largest retail bank Lloyds expects to return to profit this year, increasing the government's chances of selling its stake before the next general election in 2015. Prime Minister David Cameron is keen to show that...Tags: CEO Pay, Lehman Brothers Holdings Inc., David Cameron, Government, Economy, Business and Finance
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Vaught's Views: John Calipari is 'not hearing' UK title talk, but he knows it's probably out there
larry@amnews.comLEXINGTON — Even though Kentucky coach John Calipari insisted Wednesday that he was “not hearing” the talk about his team being a lock to win next year’s national championship, he said he could “imagine” the talk is out...Tags: John Calipari, North Carolina State University, National Invitation Tournament, Kentucky Wildcats
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INTERVIEW-Liechtenstein open to bank data exchange talks with EU
Reuters* Secrecy helped create big Liechtenstein banking industry * Financial sector in crisis over global clampdown on tax evasion * Hope EU would accept British-style amnesty deal * Budget cuts raise questions over prized political stability By Emma...Tags: Financial and Business Services, Government, Economy, Business and Finance, Liechtenstein, Finance
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Liechtenstein open to bank data exchange talks with EU
ReutersVADUZ (Reuters) - Liechtenstein is reluctantly prepared to discuss exchanging data on bank clients in response to a new European Union push for more transparency from the secretive principality and other tax havens, its prime minister said. "We have...Tags: Government, Financial and Business Services, Economy, Business and Finance, Liechtenstein, International Organizations
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Global accountants stick to plan for leases on balance sheets
ReutersLONDON/NEW YORK (Reuters) - Company balance sheets could swell by trillions of dollars under an international plan issued on Thursday by two accounting bodies to show more clearly the cost of leasing everything from photocopiers to property. If the...Tags: Economy, Business and Finance, Credit Ratings, Finance, U.S. Securities and Exchange Commission, Ernst & Young
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Britain's Cameron tells EU rebels to back referendum law
Reuters* Cameron's Conservatives divided over Britain's EU future * Parliament to debate new law on EU withdrawal referendum * Coalition partner's opposition means slim hope of success By Peter Griffiths LONDON, May 16 (Reuters) - Prime Minister David...Tags: David Cameron, Referenda, Crime, Law and Justice, Elections, Margaret Thatcher
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Berlin, Paris not 'bosom' buddies but get on fine, Merkel says
ReutersBERLIN (Reuters) - German Chancellor Angela Merkel may not have a "bosom friendship" with her French counterpart, she said on Thursday, but her working relationship with Francois Hollande was strong and crucial for Europe. With her foreign minister...Tags: David Cameron, Government, Francois Hollande, Angela Merkel, Jean-Claude Juncker
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Asda shuns vouchers as sales rise
ReutersLONDON (Reuters) - Asda, Britain's second-biggest grocer, said it would not take part in profit-squeezing promotions sweeping the industry, as it reported a pick-up in first-quarter sales. "We're not being distracted by gimmicks happening around the...Tags: Economy, Business and Finance, Groceries, Finance, Earnings Forecasts, Tesco plc
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Prudential pay plans prompt shareholder dissent
ReutersLONDON (Reuters) - A significant minority of investors at Insurer Prudential voted against Chief Executive Tidjane Thiam's 2012 pay deal on Thursday, delivering a rebuke to leadership already under fire for their handling of a failed Asian takeover....Tags: CEO Pay, Economy, Business and Finance, Companies and Corporations, Insurance, Elections
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Saudi princes lose battle to keep UK lawsuit secret
ReutersBy Estelle Shirbon LONDON, May 16 (Reuters) - Two Saudi princes will not be able to keep details of an international commercial dispute a secret, a British court ruled on Thursday, despite lawyers arguing that the case could damage Saudi relations with...Tags: Abdullah II of Jordan, Imperial and Royal Matters, Saudi Arabia
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