Hints and tips:
...American Express Global Business Travel has agreed to buy rival CWT for $570mn in a bet on the continued recovery of business travel....
...The company said the source of the problems was a manual error involving its “Disaster Recovery configuration”, which is designed to keep the exchange running during times of crisis....
...“Given the concentrations and risks in the portfolio, it’s setting up as a disaster,” says Marc Cohodes, a short-seller who is not wagering against Ark....
...The results of experiments conducted to simulate ocean mining more than 20 years ago are still visible with little to no recovery in the local ecosystems, he said....
...That spelt disaster for Executive Life, a Drexel client and SunAmerica rival that had been among the biggest buyers of junk bonds....
...and disasters....
...That news has been welcomed by some in the Indian government, which is one of few around the world still looking to expand its nuclear power capacity following the 2011 Fukushima disaster....
...The US dollar was in retreat as tropical storm Harvey continued to batter Houston but staged a late-session recovery and was about flat at pixel time....
...Andy Warhol collected photos of car crashes, along with other disaster porn. Perhaps driven by a similar impulse, I read briefs from corporate bankruptcy filings and reports from restructuring firms....
...“But with the bad news out for now, it would be easier to aim for a V-shaped recovery.” Despite the writedown, Toshiba maintained there was no change to the potential of its nuclear business....
...An agreement with the Brazilian government over the Samarco dam disaster is expected soon....
...Analysts had long flagged the risk of a writedown in the value of goodwill for Toshiba’s 2006 acquisition of Westinghouse, especially after the Fukushima Daiichi nuclear disaster in 2011 had reduced global...
...So was declining margins, as wages started a slight recovery. Both earnings and margins tend to by cyclical, implying both could have further to fall....
...Last year SunGard, based in Wayne, Pennsylvania, spun off its disaster recovery unit to make itself more digestible to a buyer. The unit had accounted for about one-third of sales....
...Trades that rely on natural disasters are out....
...The European Association of Clearing Houses, which represents 22 regional CCPs, has called for a consistent global approach to the regulation of recovery and resolution frameworks of CCPs....
...for Privacy, Security, and Freedom in a World of Relentless Surveillance By Julia Angwin Excerpted from Dragnet Nation by Julia Angwin, published by Times Books, an imprint of Henry Holt and Company LLC...
...“The rally in 2012 was about avoiding disaster,” says Mr Farago. “What matters now is economic growth....
...The USDA has also declared droughts across 26 states as natural disasters, allowing crop farmers access to emergency loans (Bloomberg)....
...However, a solo bid for GTT would be financially difficult for a Korean shipbuilder as the industry remains in a slump with little sign of recovery....
...With new year fast approaching, it is time to return to the brilliant fund managers at Hindsight Capital LLC....
...There was plenty of talk about impending commercial real estate disaster and the effects of the financial crisis were still being felt. But the ‘recovery’ in CMBS issuance is still striking....
...the central banks Though their details deserve debate, the underlying logic of the US and European commercial bank stress tests is irrefutable, writes Keeley, senior managing principal, Sovereign Trends, LLC...
...BP lost a further 1.5 per cent to 575½p, taking its fall since the Gulf of Mexico rig disaster last week to 13 per cent....
...Work stress woes Europe’s economies are still stuttering and hopes of recovery have never looked so fragile....
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