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first_img Tags: NULL Show Comments ▼ DEEPWATER Horizon-owner Transocean changed a locking mechanism on the blow out preventer, resulting in a severe delay in responding after the Gulf Oil rig exploded, according to a BP vice president. Harry Thierens, executive vice president for drilling and completions at the oil major, told a panel of federal investigators that crucial hours after the 20 April explosion were wasted after it became apparent that Transocean had made the changes.The Texas-based panel heard from Thierens, who had a personal role in trying to stop the leak, yesterday that it took between 12 and 24 hours to locate drawings of the changes.His testimony is part of a joint investigation by the US Coast Guard and the Interior Department into the causes of the Deepwater Horizon explosion, which killed 11 people and led to one of the worst oil spills in history. Thierens testified alongside Billy Stringfellow a subsea superintendent for Transocean and Halliburton’s Vincent Tabler.On Tuesday, Jesse Gagliano, a Halliburton technical adviser told the panel that BP had ignored his concerns that a cement seal inside its Macondo well might fail. He also alleged that the oil major had argued with him when he suggested that more devices used to plug the well were needed.However, BP’s lawyers disputed his allegations after producing email evidence that Gagliano had said that he was happy with the procedure.BP hired Halliburton to perform and design the cement jobs on the Macondo well.The oil giant is currently attempting to retrieve the damaged blow out preventer from the floor of the Gulf.Meanwhile, BP confirmed yesterday that it has withdrawn its application for an exploration licence in Greenland, currently the centre of a new oil rush. Wednesday 25 August 2010 8:04 pm More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com KCS-content center_img whatsapp Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndo Crucial time wasted after rig explosion whatsapplast_img read more

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first_img More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPuffer fish snaps a selfie with lucky divernypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Tags: NULL John Dunne whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Thursday 9 September 2010 3:22 am Sharecenter_img Music, books and games retailer HMV Group reported a 10.6 per cent fall in sales for the first quarter as the World Cup distracted customers from DVDs and books.The group, which is trying to widen its product mix with live music and ticketing, said it was pinning its hopes on a successful Christmas period.“These initiatives, combined with a stronger product line-up, particularly in games, are key to the delivery of a successful Christmas,” Chief Executive Simon Fox said in a statement.HMV added it was making progress in turning around its Waterstone’s bookstores, with improved market share performance and an improving trend in sales growth.However, consumer confidence in the UK remains fragile.Earlier this week department stores group Debenhams said it was cutting prices earlier this week in a bid to attract wary shoppers. HMV also announced the departure of Finance Director Neil Bright, who will take up the role at leisure and travel group Holidaybreak. HMV sales plunge by 10pc in World Cup blow whatsapp Show Comments ▼ last_img read more

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first_img IT WAS the end of an activist era yesterday for broker Mirabaud Securities and oil and gas firm Regal Petroleum, which parted ways on, shall we say, less than friendly terms.Regal’s terse termination statement to the stock exchange came after Mirabaud questioned the tenure of the company’s chief executive, David Greer. That’s not a procedure which is unheard-of in the City, of course, but sources close to Regal said the company’s beef isn’t with Mirabaud’s feelings towards Greer but in the manner in which it went about expressing them.Mirabaud, for its part, is understood to have sent a letter in early August to Regal chairman Keith Henry, claiming that a significant investor had called for Greer to be replaced with ex-Burren Energy chief Atul Gupta. The broker also claimed to have elicited the support of several other shareholders concerned at the dramatic slide in the firm’s share price.But though sources close to Regal admitted that the share price performance has been less than ideal since a $1m capital raise last year, they said Mirabaud should have approached Henry much earlier and that its hesitation constituted a breach of duty, causing the contractual break.Regal declined to comment, while no one from Mirabaud was yesterday available to talk to City A.M. For now, it seems the firm is happy with its relationship with ongoing broker Bank of America Merrill Lynch, though whether or not the shareholder unrest settles down may turn out to be quite another matter.UNSUNG HEROTullett Prebon boss Terry Smith was a happy man indeed yesterday as a statue was unveiled in Waterloo Place of Air Chief Marshal Sir Keith Park, the “unsung hero” of the Battle of Britain.Smith has been campaigning for over a year for a permanent statue of Park in central London, to recognise his valiant efforts in defending southern England from the Luftwaffe as commander of 11 Group Fighter Command.“My background in studying history and my love of flying as a private pilot perhaps partly explain why I instigated the campaign,” Smith said. “Park’s central role in the Battle of Britain has not been suitably recognised – until now, that is.”SAFE AS HOUSESA robust defence of the attractiveness of fine wines as an investment play, courtesy of the Fine Wine Investment Fund.The fund – which is up 25 per cent for the year to date – took issue in its monthly update at a recent suggestion that fine wine prices were never likely to exceed residential property prices as no one would ever pay more for a case of vino than they would for a house, no matter what the vintage.Not so, the fund argues. Apparently, on a historical basis (going back to 1988) there is almost no evidence of correlation between the two markets, with fine wine hugely outperforming residential property over the past two decades.“As fine wine prices increase as a fraction of property prices, if the argument was correct then their rate of growth would slow, whereas the opposite is true,” the fund wrote, indignantly. “Nor does it make sense on a qualitative basis. Fine wine is a tightly supplied luxury consumable good purchased for pleasure whereas UK residential property is a large market with very different value drivers, not least of all interest rates, the supply of credit and affordability ratios…”Apparently, the average UK residential property in 1983 was worth 89 cases of Lafite Rothschild 1982, but is now worth a little under five. “We would not bet against them reaching parity in our lifetime,” ventures the fund, bravely.BOOKISH TYPESPing! In zooms an email from law firm Latham & Watkins, which seems disproportionately excited about a new service it’s just launched on its website and on a free iPhone app.The app in question – called the “Book of Jargon” – is an interactive glossary of capital markets and banking slang, the firm informs me, though it’s more an encyclopaedia of serious terms than a collection of humorous examples of cringeworthy “business-speak”.“We had a lot of fun putting together this glossary of Wall Street lingo,” explains Kirk Davenport, co-chairman of the firm’s capital markets practice group. “The Book of Jargon is definitely one of the most useful things we have ever published and the new iPhone app is by far the coolest thing we have ever done…”Someone get that man to a boozy business lunch, and pronto.ACTION MANFinally, a note of congratulations to Hugh-Guy Lorriman, leisure research guru over at Seymour Pierce.Lorriman at the weekend completed a gruelling 140 mile coast-to-coast endurance event, biking, kayaking and running his way from North to South Devon in aid of Trinity Hospice, and all despite recent Achilles tendon and knee injuries.Our action man – so-called because he sometimes wears combats into the office, a little bird tells me – is fundraising at www.justgiving.com/Hugh-Guy-Lorriman, if you want to chuck him some cash. REGAL DITCHES BROKER MIRABAUD AFTER TUSSLE OVER LEADERSHIP KCS-content whatsapp Share whatsapp Wednesday 15 September 2010 8:28 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comSenior Living | Search AdsNew Senior Apartments Coming to Scottsdale (Take A Look at The Prices)Senior Living | Search Ads Show Comments ▼ Tags: NULLlast_img read more

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first_img Tags: NULL Monday 27 September 2010 3:05 am Unilever in £2.3bn deal for US hair care group Consumer goods giant Unilever has agreed to buy United States based hair care group Alberto Culver Co for $3.7bn (£2.3bn) in cash.The Anglo Dutch group’s acquisition will add brands such as V05, TRESemme and Nexxus, and make Unilever the world’s leading company in hair conditioning, the second largest in shampoo, and the third largest in styling.“Personal care is a strategic category for Unilever and growing rapidly. Ten years ago it represented 20 percent of our turnover; strong organic growth has driven it to now reach over 30 percent, with strong positions in many of the emerging markets,” said Unilever Chief Executive Paul Polman in a statement. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comcenter_img whatsapp Share Show Comments ▼ John Dunne last_img read more

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first_imgThursday 7 October 2010 7:54 pm Tags: NULL KCS-content whatsapp More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comWhy people are finding dryer sheets in their mailboxesnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com whatsappcenter_img Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Show Comments ▼ CITY VIEWS: WAS THE BANK OF ENGLAND RIGHT TO KEEP INTEREST RATES ON HOLD? ALEX WINSTANLEY | AVIVA“I am happy the Bank is keeping interest rates at the current level. We’re in a challenging period at the moment. I am confident with what the government is doing but we need to take stock and possibly look at what Europe is doing.”LAWRENCE CHIR | BLACKROCK“At the moment I think the Bank is doing the right thing. There is sufficient reason to keep rates low and it would be far too risky to raise them. But I do think the rates will have to go up sometime soon.”ALEJANDRO WORTHINGTON | KENNEDYS“It’s good for home owners, but bad for people with savings. The fact that the Bank doesn’t feel it can raise interest rates is a cause for concern.” last_img read more

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first_imgSunday 10 October 2010 10:33 pm whatsapp Share whatsapp Why Gatwick Airport’s new chief has Heathrow lined up in his sights SOME people need to have a lot on their plates if they are to thrive – and Stewart Wingate, Gatwick’s newish boss, is clearly one of these. The 39-year-old took up his post last December when the airport was bought by US investment fund Global Infrastructure Partners (GIP) for £1.5bn from Ferrovial-owned airports operator BAA, which was forced to sell up for competition reasons.Wingate has £1bn to spend over five years to upgrade an airport that was opened by the Queen in 1958. His role is to quickly attract new airlines and passengers to prove to the Competition Commission, and more importantly to his US owners, that he can open up a market between London’s three major airports – Heathrow, Stansted and Gatwick – which have been publicly- or monopoly-owned for the last four decades.Gatwick, the busiest single strip airport in the world, is projected to carry 32.5m passengers this year, similar to 2009. But this is still below its pre-slump 2007 peak when it carried 35m. And this is all a far cry from the target GIP has set for the airport, to carry 45m passengers by 2018.“We are here to compete,” says Wingate, a heavy-set ebullient Geordie, who previously worked at BAA for seven years, including stints as head of Budapest and Stansted airports. “Gatwick has suffered from being the second child in BAA’s family after Heathrow,” says Wingate. “But it was never treated half as well in terms of management time and resources. But for us Gatwick is our jewel in the crown, and we have big plans for it.”Wingate is speaking in a small meeting room in the firm’s on-site corporate block, which has floor-to-ceiling windows on three sides and offers magnificent views of the airstrip, its estate and the west Sussex countryside beyond.The Gatwick boss plans to boost passengers by a variety of methods.First, he believes the air traffic control technology he uses, which currently permits 52 aircraft take-offs or landings per hour at peak, can be upgraded “to slightly increase our numbers here.”Wingate also wants to improve the consistency of take-offs and landings throughout the day. Currently Gatwick has three peak periods: between 5am and 6am, between 10.30am and lunchtime, and between 3.30pm and 6pm.He wants to attract long haul carriers from the Middle East, the Far East and the Americas because “the times they are likely to fly into London will be in our quieter periods.” Currently only around 20 per cent of the airport’s flights are long haul. Also, the firm has just spent £45m on new stands to accommodate the Airbus A380 superjumbo that will carry more passengers. And Wingate adds many of the airlines that use his airport are testing new configurations that fit more seats into the plane.This is important for Gatwick because half of its revenues come from plane charges – for things like landing, parking and the number of passengers each aircraft carries. Most of the rest of the airport’s income comes from retailing and car park charging, with a small amount coming from rents from its property portfolio.In the year to March the airport posted £475m in sales and made an underlying profit of £169m. The Gatwick boss will not make forecasts for next year, but says the airline industry in beginning to pick up after a crippling slump and thinks passenger numbers at the airport will grow three per cent next year. But before Wingate can really begin to add passengers he knows he has to boost the airport’s reputation for customer service, which like Heathrow, has flagged in recent years.When the new Gatwick boss took up his post last December he inherited a £35m upgrade of the train shuttle service between its North and South Terminals, which was due to be completed in September.He says: “That was after the school holidays had finished, missing our busiest period of the year. We got the contractors together and convinced them to finish the job 10 weeks early in July.”Wingate adds: “In the past Gatwick has usually paid penalties to its airlines because of various customer service failures. But this year we were paid a bonus by our airlines because we did what we said we were going to do.”The airport is working on a number of new infrastructure projects such as building new stands and a baggage system worth £156m in the South Terminal and a £76m extension to the North Terminal, the first phase of which is due to open next summer.Some airlines that use the airport are impressed by the start Wingate’s team have made. British Airways’ general manager at Gatwick Alan Peever said: “We are encouraged by the improvements the new team has made on customer service areas at the airport, and we have started a strong working relationship with them.”But another airline general manager says Wingate’s plans for 45m passengers by 2018 are “overly ambitious” partly because of the “unique” status of Gatwick.No other major airport in the UK has the mix of airlines Gatwick has. Its largest customer is budget carrier easyJet, which carries 10m passengers, but it also is used by full service airlines like British Airways and Virgin Atlantic, as well as a range of charter airlines like Thomas Cook and TUI. By contrast, Heathrow has no budget airlines, while low cost carrier Ryanair provides Stansted with the majority of its passengers. “The different types of airlines at Gatwick require very different levels of service,” said the airline manager. “To satisfy all of them may prove difficult as well as costly.”So far only three airlines, including budget carrier Norwegian Air Shuttle, have left their old bases for Gatwick, but the airport says more will come once its customer service changes and infrastructure improvements begin to show through.Currently, 80 per cent of Gatwick’s passengers travel for leisure, leaving only a fifth as business flyers. But GIP’s other airport in the capital, London City Airport, is by contrast dominated by business travellers. Wingate says he and his opposite number Richard Gooding at London City do not have a particularly close working relationship.The Gatwick boss says: “We don’t operate as a group. We are two competing airports, although Richard has a unique business market and quick check-in offering.”But Wingate adds: “There is a lot of attention to detail employed at London City, which we are now using here.”So much so that Wingate poached Scott Stanley from the smaller airport and made him his chief operating officer.GIP has been busy clawing back some of its investment since it bought Gatwick last year. It sold a 15 per cent stake to Abu Dhabi Investment Authority, for around £125m and a 12 per cent stake to South Korea’s National Pension Service’s for about £100m in February. More recently in June it sold a further 12 per cent stake to California Public Employees’ Retirement System for £100m.And the US fund is reportedly in new talks to sell another stake in the business.But Wingate says: “GIP have said they will keep at least a 51 per cent stake in the business and that means they will retain control, which will allow them to push ahead with their plans.”When Wingate took over Gatwick he pledged to honour an existing agreement not to push for a second runway until 2019. But after this all bets are off. “We are capacity constrained at Gatwick. And we will never rule out the option of a second runway,” Wingate says.The coalition government has torn up the previous government’s aviation commitment to build a third runway at Heathrow and a second at Stansted. This suits Wingate because when the coalition government begins to draw up a new aviation policy in 12 to 18 months time he believes he will be on a level playing field to lobby for growth.But in the meantime Wingate is knee-deep in the everyday struggle to build customers back up to their 2007 levels, let alone the 10m-plus passengers the airport wants to put on in just eight short years. Long-suffering air travellers, meanwhile, will be hoping that Wingate’s welcome extra investment – and the first real competition ever in London airports – will soon start to make their lives a little easier.CV | STEWART WINGATEAge: 39Work: Began his career as a graduate apprentice in 1988 at Black & Decker, where he worked in a variety of posts in the UK, Germany and the Czech Republic. Joined BAA in 2004 and was chief executive of Budapest Airport and managing director of Stansted Airport. Recruited by GIP in 2009 to become chief executive of Gatwick Airport.Education: University of Northumbria and University of Newcastle upon Tyne, degree in electrical and electronic engineering and an MBAFamily: Married, two daughtersHobbies: Mountain biking, skiing and golf center_img Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.com by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’Definitionthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com KCS-content Tags: NULLlast_img read more

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first_img More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org Show Comments ▼ Portugal’s government will cut 2011 spending further to ensure it meets its budget deficit target after a deal with the opposition to pass an austere 2011 budget, Prime Minister Jose Socrates said yesterday.The deal hammered out last Friday included concessions by both the minority government and the main opposition Social Democrats (PSD). This created a gap of €500m (£438m) in the budget bill, which must be closed to meet next year’s deficit target of 4.6 per cent of GDP.“This will be achieved via a generic reduction in various sectors of public spending and an increase in non-tax revenues,” Socrates said during the presentation of the bill in parliament.PSD leader Pedro Passos Coelho said earlier the government “has committed itself to presenting measures that reduce primary public spending to counterbalance the €500m”.Socrates would not say what part of the sum will be saved via spending cuts, but his remarks suggested non-tax revenue will account for a small share, as proposed measures on that front include a tender of mini-power plant concessions and better management of state property. KCS-content Share Tuesday 2 November 2010 7:35 pm whatsapp whatsapp Portugal to cut spending further after budget deal Tags: NULLlast_img read more

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first_imgTuesday 9 November 2010 7:26 pm Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was Famous, Now She Works In {State}MoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndo Activision Blizzard’s new installment of its Call of Duty franchise sold an estimated 5m units during its first 24 hours on sale.Call of Duty: Black Ops, released yesterday, is widely tipped to have outsold last year’s Modern Warfare 2, which shifted 4.7m copies in its first day on sale.Shares in the firm surged more than five per cent on Monday ahead of the release, although analysts doubt Black Ops can top the overall performance of its predecessor.Modern Warfare 2 has had more than $1bn (£620m) worth of sales since its release. The Call of Duty series is a first-person shooter set in various historical and fictional warzones including Berlin during WWII and guerilla warfare against modern terrorists. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comColin Kaepernick to publish book on abolishing the policethegrio.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com KCS-content Sharecenter_img whatsapp Show Comments ▼ Black Ops sells 5m copies on first day whatsapp Tags: NULLlast_img read more

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first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save ThousandsThe No Cost Solar ProgramTaco RelishKate & Meghan Are Very Different Mothers, These Photos Prove ItTaco RelishAll Around MoneyOur Jaws Dropped At Aircrew’s Shocking Find On Deserted IslandAll Around MoneyArticlesmansionPrincess Diana’s Butler Speaks Out About Harry and Meghan Markle’s MarriageArticlesmansionBrainSharperAfter 54 Years Of Marriage, Dolly Parton Makes Unexpected Announcement About HusbandBrainSharperBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For LifeThe Wallet Watcher7 Discounts Seniors Get Only If They AskThe Wallet WatcherPersonal Loans | Search AdsAmericans May Get Loans Approved Regardless of Credit: Take A LookPersonal Loans | Search AdsAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic Mirror KCS-content Thursday 2 December 2010 7:10 pm whatsapp QANTAS reserved the right to sue engine supplier Rolls-Royce yesterday for damages related to the failure of an engine on one of its Airbus A380 aircraft. But the airline stressed it was still keen to come to a commercial settlement with the engine maker.Qantas filed a claim in Australia’s Federal Court over the financial and commercial impact of the failure of a Roll-Royce Trent 900 engine on 4 November, which forced an Airbus A380 bound for Sydney to make an emergency landing in Singapore with 466 people on board.“Today’s action allows Qantas to keep all options available to the company to recover losses, as a result of the grounding of the A380 fleet and the operational constraints currently imposed on A380 services,” the airline said.“The airline has today filed a statement of claim … [to] ensure that the company can pursue legal action against Rolls-Royce … if a commercial settlement is not possible.”Qantas said the claim did not include a specific figure as it was still assessing the damage. A firm estimate on the damages may still be months away as Qantas does not yet know when it can return the aircraft to service or when Rolls-Royce can fully solve the issues. But analysts estimated the damages could be between AS$26m (£16.28m) and AS$60m – in addition to the US$70m that one insurance company has predicted it will cost to fix the plane.Earlier in the day the Australian Transport Safety Bureau (ATSB) told airlines using the Trent 900 engine – including Singapore Airlines and Lufthansa – to conduct further checks after it identified a potential manufacturing defect which it said could lead to oil fire and engine failure.“The problem relates to the potential for misaligned oil pipe counter-boring, which could lead to fatigue cracking, oil leakage and potential engine failure from an oil fire,” the ATSB said.The new checks come just days after Qantas resumed flying two of its A380s on a limited basis. The remaining four planes are still undergoing checks. Sharecenter_img Tags: NULL Qantas warns it is set to sue Rolls-Royce Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof whatsapplast_img read more

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first_imgSunday 5 December 2010 11:16 pm whatsapp Read This NextFresh Fruit Sushi: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofA Once in 17 Years Cicada Event in Princeton, New JerseyFamily Proof KCS-content Share Tags: NULL whatsapp Show Comments ▼ UK and the Netherlands close to deal over Icesave The UK and the Netherlands are reportly within days of securing a deal with Iceland over the repayment of the money given to Landsbanki Icesave account holders after the bank collapsed in October 2008.A spokesperson for the UK treasury said yesterday that negotiations are continuing.The UK and the Netherlands shelled out more than $5bn (£3.2bn) to cover the losses of over 400,000 British and Dutch account holders in the bank’s online Icesave accounts after the Icelandic Financial Supervisory authority placed Landsbanki into receivership. They have been trying ever since to recover the money from recession-hit Iceland.The main points of the deal have been agreed, with money to be paid back with an interest rate of 2.78 per cent, according to weekend reports on Icelandic television.The Icelandic government will also have a nine-month moratorium on interest payments.A previous agreement proposing a repayment rate of 5.5 per cent was rejected by a referendum in March after 90 per cent of Icelandic voters protested against the proposals angered that taxpayers would have to pay for the mistakes of the banks.“In parliament there has been discussion of an interest rate around the level of the Dutch state’s funding cost, which is lower than 5.5 per cent, but not that low,” said a spokesperson for the Dutch finance ministry, referring to the 2.78 per cent rate.The draft agreement has been presented to the Confederation of Icelandic employers and officials from Landsvirkjun – the National Energy Company.Iceland’s finance ministry announced on November 16 that it was hopeful of securing a deal in the next few weeks.Last month Dutch Finance Minister Jan Kees de Jager said a deal was close but full payment was required, news agency ANP reported.“The Netherlands does not accept anything less than the principal plus interest,” he said.At the time a spokesman at the ministry said it was still demanding “reasonable compensation” from Iceland over the length of time the loan was outstanding.Talks over the issue were last held in September. last_img read more