The European Central Bank threw a lifeline to Irish banks on Thursday by suspending collateral requirements for loans to them, but it stepped back from a more ambitious plan to create a new funding facility for the banks.
Ireland’s government revealed on Thursday that its stricken banks would require a further €24bn in capital, pushing the total cost of the sector’s bailout to about €70bn
David Sokol defends his decision to buy stock in Lubrizol following his surprise resignation from Berkshire Hathaway and the launch of a SEC probe into his actions
Vodafone is to pay $5bn to buy the Essar conglomerate out of the UK mobile phone group’s Indian business
659,000 households struggling with mortgage payments
Recently a CEO friend of mine asked to see a research paper I had written for a leading management journal. I warned him that, as it was an academic paper, it was not the easiest of reads. Some time later he offered me feedback. He complained that the paper only really “got going” at page 15 and objected to my use of words he did not understand, such as “epistemology.”
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