Archive for July, 2011

James Murdoch BSkyB role clouded

Posted on July 17th, 2011 by Connor Ingle

LONDON/NEW YORK (Reuters) – James Murdoch’s future as chairman of British Sky Broadcasting was thrown into doubt on Monday after minority investors called for a corporate governance health check of its board. It is the latest action to weaken James’ position and increased the likelihood that his executive role at News Corp could be in [...]

LONDON — Firestone Diamonds PLC , said Monday that Legal & General Group PLC , is now interested in 32.61 million shares in the company, representing 10.07% voting rights. -Firestone Diamonds shares closed Monday at 29 pence, valuing the company at GBP94.35 million.

State creates fund to help under-water homeowners

Posted on July 16th, 2011 by Julian Kirby

View All of Today’s News Headlines Illinois officials on Friday announced a new agency aimed at modifying loans for homes that worth less than what owners owe on their mortgages. The Mortgage Resolution Fund will begin with $100 million in federal funds and use that money to buy delinquent loans from financial institutions. Those loans [...]

Debt worries drag down stock market

Posted on July 16th, 2011 by Julian Kirby

Europe’s banking troubles and an impasse over lifting the U.S. government’s borrowing limit helped drag down stock markets in the U.S. and Europe. The worries also sent gold prices to a record, without accounting for inflation. The Dow Jones industrial average fell 171 points, or 1.4 percent, to 12,309. The S&P 500 index dropped 18 [...]

First Hawaiian extends deadline for Aloha Initiative

Posted on July 16th, 2011 by Connor Ingle

First Hawaiian Bank First Hawaiian Bank Latest from The Business Journals PBN names its Class of 2011 Fastest 50First Hawaiian Bank: Business activity up 8% in Q2Pacific Buddhist Academy to announce fundraising plans Follow this company announced Monday that it is extending its deadline for donations to the Aloha Initiative to July 30. The bank’s [...]