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.
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Rozanne Duncan: Ukip expels councillor for 'jaw-dropping' comments made in BBC TV interview
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
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