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Barclays said its finance director Chris Lucas and its top legal expert are to retire, adding to change at the top of the British bank as it struggles to put a series of scandals behind it.
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Feb 3- Centrica Plc, owner of British Gas, is set to scrap plans to build nuclear power stations in Britain, the Financial Times reported on Sunday, citing one person familiar with the company's plans.
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Barclays said its finance director Chris Lucas and its top legal expert are to retire, adding to change at the top of the British bank as it struggles to put a series of scandals behind it.
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*Lucas under investigation for 2008 Qatar fundraising. LONDON, Feb 3- Barclays said its finance director Chris Lucas and its top legal expert are to retire, adding to change at the top of the British bank as it struggles to put a series of scandals behind it.
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LONDON, Feb 3- Central banking is in a state of flux as policymakers from Tokyo to Washington ditch prevailing orthodoxies to try to grab a bigger share of a slow-growing global economic pie.
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LONDON, Feb 3- Barclays Plc's Finance Director Chris Lucas will step down, likely as soon as Monday, Sky News reported on Sunday, citing sources close to the company. Lucas is the only member of Barclays' top management still in his post after the bank was implicated in a rate fixing scandal last year.
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London hedge funds Odey Asset Management and Egerton Capital are among those upping their bets against Monte dei Paschi di Siena in recent days, after revelations the troubled Italian bank faces heavy losses.
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LONDON, Feb 3- Big-name London hedge funds Odey Asset Management and Egerton Capital are among those upping their bets against Monte dei Paschi di Siena in recent days, after revelations the troubled Italian bank faces heavy losses.
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The game may soon be up for banks that have made themselves look healthier by understating how risky their businesses are, which should help pension funds, savers and companies to decide which institutions to invest in.
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*Initiative promises greater transparency on capital ratios. LONDON, Feb 3- The game may soon be up for banks that have made themselves look healthier by understating how risky their businesses are, which should help pension funds, savers and companies to decide which institutions to invest in.
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*Pressure on Communist Party chief Xi to check oil companies' power. BEIJING, Feb 3- The search for culprits behind the rancid haze enveloping China's capital has turned a spotlight on the country's two largest oil companies and their resistance to tougher fuel standards.
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*Navy official wants to check company's quality practices. WASHINGTON, Feb 1- The Pentagon is inspecting other components of the F-35 fighter jet in addition to the faulty fuel lines blamed for the grounding of the Marine Corps version of the warplane, two sources familiar with the program said on Friday.
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WASHINGTON, Feb 1- U.S. officials on Friday said they are making progress in their investigation of a battery fire on a Boeing Co 787 Dreamliner in Boston this month, as the grounding of Boeing's entire fleet Of 787 s stretched into a third week.
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NEW YORK/ LONDON, Feb 1- Raw sugar futures on ICE rose to 19 cents for the first time in two weeks on Friday on short-covering and improving sentiment, although prices pared gains after hitting technical resistance.
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Feb 1- Soon-to-be publishing company News Corp named William Lewis, one of the executives who dealt with the aftermath of the phone hacking scandal, as chief creative officer. News Corp is preparing later this year to split into a separate company that will operate such properties as the Wall Street Journal, The Times of London, and book publisher HarperCollins.
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SALEM, N.H.-- Standex International Corp. posted a profit for its fiscal fourth quarter, despite mixed sales results around the globe. However, increasing demand for its automotive program mold texturizing work in Europe and China offset weakness in North America during the quarter.
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NEW YORK-- Insurance brokerage Aon PLC said Friday that its net income rose 10 percent in the fourth quarter as its revenue grew and savings from its restructuring increased. The company said the restructuring of its Aon Hewitt human resources consulting business saved it about $67 million during the fourth quarter, up from $43 million a year ago.
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LONDON, Feb 1- European shares inched up on Friday, as investors took advantage of the past two sessions' losses to snap up equities more cheaply, reassured by a run of solid data from China, Europe and the United States.
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CINCINNATI-- Construction began Thursday on a consumer-data company's new $122 million headquarters in the heart of downtown Cincinnati, a development being touted for deepening the city's ongoing transformation from a declining Rust Belt dinosaur to a region pulsing with new development and revitalization.
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JPMorgan's Global Manufacturing PMI, produced with research and supply management organisations, rose to 51.5 in January from December's 50.1, above the 50- mark that divides growth from contraction for the second straight month.
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*China's official PMI eases to 50.4, HSBC reading at two-year high. NEW YORK/ LONDON, Feb 1- U.S. manufacturing growth quickened in January and hiring across the economy increased in late 2012, but Chinese factories only managed a slight rebound as the new year began, suggesting that world economic growth remains sluggish.