Hints and tips:
...The Speechwriter: A Brief Education in Politics, by Barton Swaim, Simon & Schuster, RRP$25, 224 pages Edward Luce is the FT’s chief US commentator Photograph: Davis Turner/Getty Images...
...Mr Armour was a close ally of Sir Crispin Davis, Reed’s former chief executive, and he is the longest-serving FTSE chief finance director, having held the post for 15 years....
...“I’m not sure they actually did anything wrong,” says Michael Sohn, an antitrust lawyer at Davis Polk. “They are facing an administration that prides itself on aggressively enforcing antitrust laws.”...
...Fixed-income desks may experience a 25 per cent decline in revenue and a 33 per cent cut in pre-tax margin, estimated Brad Hintz of Sanford C. Bernstein in a note to clients this week....
...Xstrata was 2.3 per cent weaker at £11.43 after chief executive Mick Davis sold £5.4m shares to pay a tax bill....
...First, he will probably continue to sell more debt to boost GE’s finances, says Steven Winoker, an analyst with Sanford C. Bernstein....
...Brad Hintz, analyst at Sanford Bernstein, is forecasting that Merrill will report further writedowns of $10bn when it releases its fourth-quarter earnings next week....
...Brad Hintz, Sanford Bernstein analyst, said a writedown of more than $20bn “would significantly increase leverage and would threaten the credit ratings of the firm”....
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