Search results for "business"


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20 March 2010 1:27 PM | Tagged: child sex abuse business
Pope Benedict apologised on Saturday to victims of child sex abuse by Irish clergy, saying he felt “shame and remorse.“You have suffered grievously and I am truly sorry, he said in an unprecedented letter which addressed the abuse of minors in Ireland.

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20 March 2010 1:27 PM | Tagged: senate banking committee business
Chris Dodd, chairman of the Senate banking committee, has called on the Department of Justice to investigate alleged accounting wrongdoing at Lehman Brothers and prosecute any employees at the bank – or “other companies – who might have broken the law.In a letter to Eric Holder, attorney-general, Mr Dodd asked that the DoJ form a task force to investigate Lehman.A report from the court-appointed

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20 March 2010 1:27 PM | Tagged: sean mcmanus business
When reports surfaced that Tiger Woods would be making his return to professional golf at next month’s Masters, Sean McManus, the president of CBS News and CBS Sports, was asked how significant a story it would be.“I think the first tournament Tiger Woods plays again, wherever it is, will be the biggest media event other than the Obama inauguration in the past 10 or 15 years, he said.Mr McManus,

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20 March 2010 6:17 AM | Tagged: royal grammar school business
Grammar schools are ceding ground to private schools and comprehensives in the battle for England’s best exam performance, according to the Financial Times’ 2009 school league tables, published on Saturday.There is only one grammar in the top 20, compared with three in each of the previous two years.Colchester Royal Grammar School is in seventh place, beaten by top-ranked Westminster and five oth

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20 March 2010 3:17 AM | Tagged: british airways passengers business
Thousands of British Airways passengers will on Saturday find themselves boarding unfamiliar aircraft from carriers including no-frills Ryanair and Air Finland as British Airways mounts a huge operation to cope with its first strike in 13 years.The Unite union representing more than 12,000 BA cabin crew on Friday night defied calls from Gordon Brown to halt the strike and was due to press ahead w

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20 March 2010 2:37 AM | Tagged: royal dutch shell business
Royal Dutch Shell has announced a “significant new oil discovery in the deepwater Gulf of Mexico that has the potential to be a hub.The discovery, located in the Appomattox prospect in 2,200 metres of water, follows three notable discoveries by Shell in the Gulf last year.

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20 March 2010 12:57 AM | Tagged: alistair darling business
Alistair Darling will next week endorse plans for a global tax on investment banks and other institutions that pose a “systemic risk, but will rule out using the proceeds to create an insurance fund against future bank failures.The chancellor will use his Budget to give detailed backing to a global bank levy, but will insist the revenue should go to national governments and not be part of an insu

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20 March 2010 12:57 AM | Tagged: european union summit business
Greece is poised to settle a four-year dispute about an allegedly unseaworthy German-built submarine in a move that appears to be intended to curry favour with Berlin in advance of next week’s European Union summit.The Greek navy refused in 2006 to take delivery of the Papanikolis, a diesel-electric powered submarine constructed at the Kiel shipyard ofThyssenKrupp, on the grounds that it listed h