Business week in review
Sunday 29 September 2013
In profit ...
"Canada's Warren Buffett", Prem Watsa, could soon find a friend in Barack Obama as the investment guru signed a letter of intent to rescue the president's favourite device, the BlackBerry.
Having announced 4,500 job cuts the previous week, BlackBerry seemed in big trouble but Watsa's Fairfax Financial Holdings emerged with a $4.7bn (£2.9bn) offer to take it private on Monday.
Airbus chief operating officer John Leahy said on Tuesday worldwide aircraft would double by 2032, which amounts to orders worth about $4.4 trillion.
On Wednesday it emerged that former BHP Billiton boss Marius Kloppers received nearly $16m in his last year in charge.
... at a loss
British Gas owner Centrica laid into the Government on Monday, blaming the Coalition for a £240m writedown on its decision to shelve gas storage plans in East Yorkshire and the North Sea. Centrica said the Government's decision not to subsidise the market and weak economics meant that chief executive Sam Laidlaw had to abandon the projects.
ICAP became the fourth institution to be fined in the Libor interest rate-rigging scandal on Wednesday, as regulators on both side of the Atlantic rounded on the interdealer broker. The City giant received more than £50m in fines, leaving boss Michael Spencer grim-faced.
Also on Wednesday, Doug Oakervee quit as chairman of HS2.
tvSteven Moffat reveals the actor was dying to take on the role of the Time Lord and says he is excited to see what he will do with the character
Nelson Mandela memorial sign language interpreter was a 'fake'
The ten coldest places on Earth
Sir Ian McKellen hits back at Damian Lewis' 'fruity actor' claims
Kenyan politician Mike Sonko left red-faced after photoshopping himself next to Nelson Mandela
Nelson Mandela memorial: Cheers, jeers and a masterclass from Barack Obama that stole the show
- 1 Nelson Mandela memorial sign language interpreter was a 'fake'
- 2 It’s shameful that our universities have accepted gender segregation under pressure from the most oppressive religious fanatics
- 3 Sir Ian McKellen hits back at Damian Lewis' 'fruity actor' claims
- 4 Kenyan politician Mike Sonko left red-faced after photoshopping himself next to Nelson Mandela
- 5 Selfie at funeral: Cameron squeezes in on Obama snap at Mandela memorial
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