Global business: Ex-FBI head to probe BP payout claims, Cengage files...


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Financial Times
Global Business
Wednesday July 03 2013

Companies news and analysis - FT.com
 
Ex-FBI head to probe BP payout claims
Louis Freeh, who was FBI director during 1993-2001, was appointed by US district court in New Orleans that is hearing case for damages over the spill
http://link.ft.com/r/OZMCDD/9MNNN2/ZBYFC4/6ACVWZ/NRM390/JY/h?a1=2013&a2=7&a3=3
 
Cengage files for bankruptcy protection
Cengage retained substantial cash balances and could fund operations from cash flow without debtor-in-possession financing, a company statement said
http://link.ft.com/r/OZMCDD/9MNNN2/ZBYFC4/6ACVWZ/B4BK7P/JY/h?a1=2013&a2=7&a3=3
 
Investors pull $9.9bn from Pimco fund
The monthly outflows in June are the largest ever for the 26-year old fund, exceeding the $6.7bn pulled by investors in December 2010
http://link.ft.com/r/OZMCDD/9MNNN2/ZBYFC4/6ACVWZ/OF5PSZ/JY/h?a1=2013&a2=7&a3=3
 
Ex-Bank deputy to study RBS lending
Bank says reviews is intended to find ways of giving more support to SMEs while maintaining 'safe and sound' lending practices
http://link.ft.com/r/OZMCDD/9MNNN2/ZBYFC4/6ACVWZ/LSZFEZ/JY/h?a1=2013&a2=7&a3=3
 
China set to miss shale gasfield targets
Energy hungry China is keen to curb its use of imported oil, coal and gas, but failure to develop gas throw a shadow on nation's energy future
http://link.ft.com/r/OZMCDD/9MNNN2/ZBYFC4/6ACVWZ/XBQ6LD/JY/h?a1=2013&a2=7&a3=3
 
Prudential appeals stricter Fed oversight
The second-biggest US insurance group said in a regulatory filing that it had "provided notice" to the Financial Stability Oversight Council requesting a private hearing
http://link.ft.com/r/OZMCDD/9MNNN2/ZBYFC4/6ACVWZ/OF5PS2/JY/h?a1=2013&a2=7&a3=3
 
Ian Hannam has sights set on a new bank
Whichever way his fight with the UK financial regulator goes, the City financier will be busy running Strand Partners, a boutique investment bank
http://link.ft.com/r/OZMCDD/9MNNN2/ZBYFC4/6ACVWZ/9MTWA1/JY/h?a1=2013&a2=7&a3=3
 
Hathaway under fire over Aon underwriting deal
Lloyd's of London executive attacks agreement between broker and investment vehicle that sees it take an automatic share in risk and payouts
http://link.ft.com/r/OZMCDD/9MNNN2/ZBYFC4/6ACVWZ/OF5PSM/JY/h?a1=2013&a2=7&a3=3
 
Help to Buy scheme boosts Persimmon
York-based housebuilder says sales have risen 30% since the launch of a government programme that aims to stimulate the industry and economy
http://link.ft.com/r/OZMCDD/9MNNN2/ZBYFC4/6ACVWZ/GY0QXL/JY/h?a1=2013&a2=7&a3=3
 
Mitsubishi UFJ bids for Bank of Ayudhya
GE Capital agrees to sell its 25% stake in Thailand's Ayudhya bank to Mistubishi UFJ, which is taking its largest stride into another Asian market
http://link.ft.com/r/OZMCDD/9MNNN2/ZBYFC4/6ACVWZ/A5HXZR/JY/h?a1=2013&a2=7&a3=3
 
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