Business Diary: 04/07/2009
Saturday 04 July 2009
More sickening news for Citigroup
An internal memo from Citigroup HQ in New York reaches our desk. Apparently, a member of staff has contracted swine flu and the bank's staff have been instructed to watch out for any symptoms they may develop themselves. As if the credit crisis-hit bank doesn't have enough to worry about.
Above Cellan-Jones's pay grade
Rory Cellan-Jones, the BBC's technology correspondent, told his Twitter followers yesterday that there was "general bemusement in our office". The reason? "We've just noticed that a man none of us have heard of is second highest earner in BBC News on £280,000." Who could Cellan-Jones mean? The only exec whose pay has been made public and who earns around that sum is Richard Sambrook, who runs Global News. Even the Beeb's technology geeks must have heard of him.
Polish factory hits the big time
We enjoy the Polish Information and Foreign Investment Agency's regular updates on what is going on in the economy of the Eastern European country. Sadly, not a lot, it seems. The poor chaps have been reduced to announcing this: "LG Display factory in Dolny Slask produced its 10 millionth LCD display several days ago."
Brewin advises selling on a lethal cocktail
How's this for insensitivity? Broker Brewin Dolphin has published a note warning investors about its concerns for Southern Cross Healthcare, the nursing home operator. It says the mix of swine flu and this week's heatwave could have a deadly effect on Southern Cross's clientele – and its earnings. We're waiting for the note from Brewins tipping Dignity, the funeral services provider.
G8 leaders head for the danger zone
We applaud the motives of Silvio Berlusconi, left, in deciding to host next week's G8 summit in quake-stricken L'Aquila. But do you think world leaders are getting nervous about their trip to Italy? Reuters reports that more strong tremors – measuring 4.1 on the Richter scale – sent locals into a panic yesterday.
Number of the day
Revenues earned by the City law firm Linklaters last year, making it Britain's highest-grossing solicitor.
- 1 What happens to your body when you give up sugar?
- 2 Ed Miliband less influential than One Direction's Louis Tomlinson in official Doncaster power list
- 3 Japanese island overrun with cats after population explodes
- 4 Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
- 5 Have sex with your iPad thanks to the new sex toy no-one asked for
California teacher appears to have hanged herself in her classroom
The City of the Monkey God: Archaeologists claim to have found city lost for 1,000 years in remote Honduran jungle
Japanese island overrun with cats after population explodes
Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
Bubonic plague-carrying fleas found on New York City rats
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
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