PRESS DIGEST - Financial Times - Nov 7

Wed Nov 7, 2012 7:34am IST

Stocks

   

Financial Times

Headlines

AMERICA'S REAL TEST COMES AFTER POLLS

MYNERS TAKES AIM AT M&S PERFORMANCE

BHP BEGINS HUNT FOR NEW CHIEF

BLACK CHRISTMAS AS LONDON RUNS OUT OF CABS

AN END TO THE GOOD NEWS IN BRITAIN

FRANCE OFFERS BUSINESSES 20 BLN EURO TAX BREAK

PELTZ GIVES FRENCH FOOD FOR THOUGHT ON DANONE

JPMORGAN IN TALKS WITH THE SEC OVER MISCONDUCT CLAIMS

MORE CULLS EXPECTED AS INVESTMENT BANKS CUT COSTS

Overview

AMERICA'S REAL TEST COMES AFTER POLLS

The victor in the 2012 election faces an immediate test of leadership - to overcome the divisions between Democrats and Republicans and rekindle a spirit of optimism in a nation beaten down by the global financial crisis.

MYNERS TAKES AIM AT M&S PERFORMANCE

The performance of Marks and Spencer under current chief executive Marc Bolland has come under attack in a rare intervention by Lord Myners, the retailer's former chairman.

BHP BEGINS HUNT FOR NEW CHIEF

BHP Billiton has quietly started looking for a successor to Marius Kloppers, chief executive, in what could herald a further shake-up in the leadership of the global mining industry following a five-year period of stability.

BLACK CHRISTMAS AS LONDON RUNS OUT OF CABS

Taxi drivers and hire companies are warning of a worsening shortage of London black cabs that will coincide with the run-up to Christmas, traditionally the busiest time of year for the trade.

AN END TO THE GOOD NEWS IN BRITAIN

Recent surveys of Britain's manufacturing, construction and service sectors have pointed to worsening business conditions, industrial production has taken a tumble and the retailers' trade association has said September was a "false dawn" for the country's high streets.

FRANCE OFFERS BUSINESSES 20 BLN EURO TAX BREAK

Fran├žois Hollande's Socialist government finally responded to months of pressure for urgent action to address France's sliding industrial competitiveness by announcing a 20 billion euro ($25 billion) tax break for companies.

PELTZ GIVES FRENCH FOOD FOR THOUGHT ON DANONE

Activist investor Nelson Peltz has for the first time taken his fight to France after acquiring a stake in Danone, one of the country's best-known companies.

JPMORGAN IN TALKS WITH THE SEC OVER MISCONDUCT CLAIMS

JPMorgan Chase is in advanced settlement talks with the Securities and Exchange Commission over allegations of misconduct in the handling of mortgage-backed securities, according to people familiar with the matter.

MORE CULLS EXPECTED AS INVESTMENT BANKS CUT COSTS

European investment banks will cut staff costs by at least a fifth and shed tens of thousands of jobs in the next few years, consultants and recruitment experts estimate, as much tighter regulation and a weak economy prompts them to rethink their business models.

Politics

REUTERS SHOWCASE

Fund Raising

Fund Raising

Flipkart raises $700 million in fresh funding.   Full Article 

Reforms Push

Reforms Push

Modi may order insurance, coal reforms if vote delayed - officials.  Full Article 

Reuters Exclusive

Reuters Exclusive

India looks to sway Americans with nuclear power insurance plan  Full Article 

To Boost Growth

To Boost Growth

Crank up public spending to revive growth - chief economic adviser.   Full Article 

Bold Steps

Bold Steps

SpiceJet rescue plan marks bold bet on Indian aviation recovery.   Full Article 

New Airline

New Airline

Tata, Singapore Air venture Vistara to take off on Jan 9.  Full Article 

Online Sales

Online Sales

Knock knock. Who's there? Amazon's best-selling holiday author.  Full Article 

Chinese Economy

Chinese Economy

China revises up size of 2013 economy, sees no effect on 2014 growth.  Full Article 

Reuters Poll

Reuters Poll

BSE Sensex to hit 32,980 by December 2015  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device  Full Coverage