Hamleys investor seeks protection
Icelandic group Baugur, which owns stakes in Hamleys and House of Fraser, applies for protection from its creditors.
February 4, 2009
Obama to cap executive compensation
The White House announced strict limits on executive pay for financial institutions receiving ‘exceptional assistance’ from the US government, part of its drive to tighten up the rules for bailing out Wall Street
Baugur falls into administration
Baugur, the own Hamleys and Karen Millen as well as stake holder in House of Fraser and Debenhams, has sought protection from its creditors after talks with Icelandic bank Landsbanki broke down
Investors take net 200 million from UK prop funds
LONDON (Reuters) - Investors withdrew a net 200 million pounds from unlisted UK property funds in the final quarter of 2008, data from the funds showed on Tuesday.
ABN AMRO talked to RBS about buyback of some assets
AMSTERDAM (Reuters) - Dutch state-owned bank ABN AMRO has held talks with Royal Bank of Scotland on buying back some its former operations, the Dutch Finance Ministry said on Monday.
The market has turned
A ride in an old plane reminded me to keep an eye on the horizon. Daily data aside, the market seems to have hit bottom, and it’s fighting its way back.
Dealing with that mean ol’ Mr. Market
No one can accurately predict where the market is headed, so stop worrying about financial Armageddon and focus on your strategy. The recession will end. Eventually.