Microsoft names Amy Hood as its new chief financial officer, the first woman to hold the post at the technology giant.
Go here to see the original: Microsoft names new finance chief
Category : Business, World News
Category : Business, World News
The new head of the World Trade Organisation will be Roberto Azevedo from Brazil, the first Latin American to hold the post, officials say.
More here: Brazilian Azevedo to head up WTO
Category : Stocks
Investors may see a bounce back after ‘sell in May’ sentiment took hold on Wednesday but earnings will again hold sway.
Here is the original post: Stocks: Earnings back in focus
Category : Business, World News
Civil servants will hold a second strike over pay and pensions after an initial Budget day walkout, the Public and Commercial Services union confirms.
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Investors head into the week looking to hold onto momentum in the market, as reports on manufacturing and consumer behavior are due out throughout the week.
Link: Stocks: Manufacturing and consumers in play
Will Tim Cook say anything newsworthy or material? Don’t hold your breath.
More: What not to expect at Apple shareholders meeting
Category : World News
The French consumer, agriculture and food ministers are to hold emergency talks with key players in the meat industry as the horsemeat scandal widens.
See the original post here: Horsemeat scandal widens across EU
The recent swings in Apple stock prove that a few simple rules of investing always hold true.
Here is the original post: 3 lessons for Apple’s shareholders
Category : World News
International financial regulators ease the first-ever rules on minimum quantities of cash and assets all banks must hold, set to take effect in 2015.
Read the rest here: Regulators ease bank asset rules
Uncertainty over former European commissioner’s plans for elections, which are expected in February
The Italian prime minister, Mario Monti, tendered his resignation to the president on Friday after 13 months in office, opening the way for a highly uncertain national election in February.
The former European commissioner, appointed to lead an unelected government to save Italy from financial crisis a year ago, has kept his own political plans a closely guarded secret but he has faced growing pressure to seek a second term.
President Giorgio Napolitano is expected to dissolve parliament in the next few days and has indicated that the most likely date for the election is 24 February.
In an unexpected move, Napolitano said he would hold consultations with political leaders from all the main parties to discuss the next steps. In the meantime, Monti will continue in a caretaker capacity.
European leaders including German chancellor Angela Merkel and European commission president José Manuel Barroso have called for Monti’s economic reform agenda to continue, but Italy’s two main parties have said he should stay out of the race.
Ordinary Italians are weary of repeated tax hikes and spending cuts and opinion polls offer little evidence that they are ready to give Monti a second term. A survey this week showed 61% saying he should not stand.
Monti, who handed in his resignation during a brief meeting at the presidential palace shortly after parliament approved his government’s 2013 budget, will hold a news conference on Sunday at which he is expected clarify his intentions. He has not said clearly whether he intends to run, but he has dropped heavy hints that he will continue to push a reform agenda that has the backing of Italy’s business community and its European partners.
Former prime minister Silvio Berlusconi’s return to the political arena has added to the already considerable uncertainty about the centre-right’s intentions and increased the likelihood of a messy and potentially bitter election campaign.
The billionaire media tycoon has fluctuated between attacking the government’s “Germano-centric” austerity policies and promising to stand aside if Monti agrees to lead the centre-right, but now appears to have settled on an anti-Monti line.