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.
David Cameron stung by jellyfish: PM hurt after ignoring advice of locals while on holiday
South Korea ferry: Vice principal rescued from sinking ship found hanged
Oscar Pistorius trial: The case against Oscar Pistorius – and why the prosecution claims his story doesn't add up
Peaches Geldof funeral: Private ceremony to be held at same place as her mother Paula Yates on Easter Monday
Shropshire criminals ‘using unmanned drones and infrared cameras to find illegal cannabis farms’ – and then steal from the growers
The food poverty scandal that shames Britain: Nearly 1m people rely on handouts to eat – and benefit reforms may be to blame
US Navy christens huge $3 billion destroyer ship USS Zumwalt that appears as a fishing boat on enemy radar
Scottish independence: It is the English who should be on their knees, begging the Scots to vote ‘No’
Nigel Farage fatigue? Half of voters ‘immune’ to Ukip’s appeal
Nigel Farage on Have I Got News For You: Ukip leader ridiculed over expenses and party 'fruitcakes'
Nigel Farage: I’m taking on the status quo, and the Establishment’s fighting back
- 1 Are you turning into your dad? The top ten signs you've embraced dad-ism revealed as survey says 38 is age men turn into their father
- 2 Overheard in Waitrose: documenting the chatter in 'Britain's poshest supermarket'
- 3 Video of British Muslims dancing to Pharrell Williams's hit Happy attacked as 'sinful'
- 4 24 people applied for the 'world's toughest job', here are their interviews
- 5 Grace Dent on TV: Game of Thrones has jumped the shark
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