Global business: Chat apps undermine text revenues, JPMorgan promotes...
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Global Business
Monday April 29 2013
Companies news and analysis - FT.com
Chat apps undermine text revenues
More instant messages were being sent daily by the end of last year than there were text messages, according to data collected for the Financial Times
http://link.ft.com/r/NA70KK/A5S8NM/WLXS67/L9D95H/LSC2ZY/T3/h?a1=2013&a2=4&a3=29
JPMorgan promotes Zames in shake-up
Zames, who has been named COO, has risen quickly at the bank and is now seen as a solid contender to succeed Jamie Dimon as chief executive
http://link.ft.com/r/NA70KK/A5S8NM/WLXS67/L9D95H/EKHGO4/T3/h?a1=2013&a2=4&a3=29
Hedge funds' Ark gala is put on ice
Dinner that earned notoriety for scaling the heights in outrageous ostentation, has been mothballed by Ark's trustees, say people familiar with the charity
http://link.ft.com/r/NA70KK/A5S8NM/WLXS67/L9D95H/4VJFPN/T3/h?a1=2013&a2=4&a3=29
High-frequency traders face speed limits
EBS is proposing scrapping the principle of 'first in, first out' trading, which it says gives an unfair advantage to the fastest computers
http://link.ft.com/r/NA70KK/A5S8NM/WLXS67/L9D95H/XBDI9Y/T3/h?a1=2013&a2=4&a3=29
Common ground for global properties
Trade groups representing millions of landlords and investors will iron out national differences this week under the auspices of the World Bank
http://link.ft.com/r/NA70KK/A5S8NM/WLXS67/L9D95H/9MP1HW/T3/h?a1=2013&a2=4&a3=29
Dog days for hedge funds forced to cut fees
Some investors now hope that the industry's totemic 'two and 20' fee structure may finally be beginning to crack under the pressure of lower returns
http://link.ft.com/r/NA70KK/A5S8NM/WLXS67/L9D95H/T14XY0/T3/h?a1=2013&a2=4&a3=29
ICG-Lloyds talks spur CLO revival hopes
Region's largest collateralised loan obligation since the financial crisis sparks hopes that fundraising source's rapid US growth will be mirrored
http://link.ft.com/r/NA70KK/A5S8NM/WLXS67/L9D95H/MJVAMS/T3/h?a1=2013&a2=4&a3=29
Retailers struggle to account for sales
Store groups are coming under pressure from investors and analysts to be clearer about the contribution online sales make to underlying sales performances
http://link.ft.com/r/NA70KK/A5S8NM/WLXS67/L9D95H/Q375WW/T3/h?a1=2013&a2=4&a3=29
China's bosses criticised over high pay
Public anger about inequality and corruption has made executive pay a lightning rod for media attacks, even from official outlets
http://link.ft.com/r/NA70KK/A5S8NM/WLXS67/L9D95H/VTXDE7/T3/h?a1=2013&a2=4&a3=29
Macau tycoon bets on luxury hotel
Stephen Hung, a former Hong Kong banker, has begun building what he claims will be the world's most luxurious and extravagant hotel and casino
http://link.ft.com/r/NA70KK/A5S8NM/WLXS67/L9D95H/52RNU5/T3/h?a1=2013&a2=4&a3=29
In depth - FT.com
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