Norway excludes tobacco investments from oil fund
Norway’s government pension fund can no longer be invested in tobacco companies under new guidelines introduced by the country’s Ministry of Finance.
“Production of tobacco has been introduced as a new criterion for exclusion, and we have already followed up the Council on Ethics’ recommendations to sell our holdings in tobacco producing companies,” said finance minister [...]
[ Published on :
Fri, 05 Mar 2010 02:42 ]
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BA shares up on American Airlines alliance
Shares in British Airways (BA) were up more than 4% this morning after US regulators have given the go-ahead to permit American Airlines and BA to coordinate schedules and share costs.
Preliminary approval of the alliance was approved by the Department of Transportation (DOT) over the weekend.
A combined firm would create the world’s third largest airline [...]
[ Published on :
Tue, 16 Feb 2010 09:39 ]
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American Indian reservation reaping oil benefits
(AP)
 AP - An oil boom on American Indian land has brought jobs, millions of dollars and hope to long-impoverished tribal members who have struggled for more than a century on the million-acre Fort Berthold Indian Reservation.
[ Published on :
Wed, 24 Feb 2010 11:16 ]
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American Equity execs to pay $1M in SEC probe deal
(AP)
AP - American Equity Investment Life Holding Co. on Wednesday said two top executives will pay more than $1 million in penalties as part of a settlement of a Securities and Exchange Commission inquiry into disclosures on a company proxy statement.
[ Published on :
Fri, 05 Mar 2010 02:43 ]
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SEC: Miami couple defrauded Cuban-American elderly
(AP)
AP - The Securities and Exchange Commission charged a prominent Miami couple Wednesday with operating a $135 million Ponzi scheme through a real estate investment scam that defrauded hundreds of people, mostly elderly Cuban-Americans.
[ Published on :
Fri, 05 Mar 2010 09:28 ]
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British Airways leads 100 higher
European markets were up Tuesday, pushed higher by banks and miners.
The FTSE 100 added 1.45 percent to 5,484.06 in London, while the FTSE 250 gained 1.25 percent to 9,598.65.
British Airways (LSE: BAY) led the 100 as it added 6.17 percent, while the best performances in London came over on the 250 as plastics group Filtrona [...]
[ Published on :
Wed, 03 Mar 2010 10:49 ]
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British Gas profits surge record 58%
Operating profits at British Gas soared by 58% last year to £595 million, compared with £379 million in 2008.
Its parent company Centrica said the figures beat the previous high of £573 million in 2007.
While British Gas announced earlier this month it was reducing its gas prices by 7%, the results will no doubt anger [...]
[ Published on :
Thu, 25 Feb 2010 11:37 ]
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Manifesto aims to make social enterprise vital to British economy
The Social Enterprise Coalition (SEC) this week said it aims to treble the contribution of social enterprises to the UK economy by 2020.
SEC said if it is to achieve the goal, announced in its official manifesto published on Tuesday, it needs the full support of the British government.
The manifesto, “No More Business as Usual”, was [...]
[ Published on :
Fri, 19 Feb 2010 09:55 ]
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