News Column


August 5, 2014

World Bank$200m to fight Ebola The World Bank pledged up to $200m in emergency funding to help fight the Ebola virus in west Africa, as the death toll in Liberia, Sierra Leone and Guinea mounts. Jim Yong Kim, president of the World Bank, said the funds would provide "critically needed support for the response to stop further transmission of Ebola".

US landlord Gables eyes $3bn sale Gables Residential, the landlord of almost 40,000 family homes, has been put up for sale by its private equity owners in a deal that would mark one of the largest sales of US residential property since the financial crisis. The Floridabased company, which also owns a small portfolio of retail property, has hired bankers and is expecting to receive initial bids in the next few weeks, according to people familiar with the matter.

Pledge of 250m extra funds to NHS Action to clear hospital waiting lists was announced yesterday by the UK health secretary, Jeremy Hunt, in the latest sign of the government's determination to avoid damaging headlines about the NHS before the general election. Data last month showed that the number of patients waiting for treatment had risen to more than 3m, the highest for six years. Hunt said in "the next few months" the NHS would carry out more than 100,000 treatments on patients who had waited more than 18 weeks.

GE leads US into Africa with $2bn The boss of General Electric issued a clarion call to American businesses to take advantage of the great opportunities that exist in Africa. Speaking at the start of the first US-Africa Leaders Summit in Washington, Jeffrey Immelt warned that American companies risked losing out to European and Chinese operations on the continent. He said GE would invest $2bn in Africa by 2018.

BT spurned in 5bn battle of airwaves BT has been shunned by the government for a lucrative deal to upgrade the way the emergency services communicate during a major incident.

Ultra Electronics hit by US delays British defence and engineering group Ultra Electronics' first-half results have taken a hit as a consequence of US politicians' long-running arguments as they hammered out a deal on military spending levels.

Salmond needs convincing victory Alex Salmond needs to deliver a convincing victory in his first televised debate with Alistair Darling tonight to stand a chance of winning the Scottish independence referendum, it was claimed as the pressure on the First Minister intensified. The claims came from the pro-UK Better Together campaign.

GM unit gets subpoena over loans General Motors must turn over documents related to its subprime auto-lending under a subpoena issued by the US Justice Department, the Detroit auto maker disclosed in a regulatory filing yesterday. GM's car-financing unit said it received the subpoena on July 28 in connection with a federal investigation of subprime auto loans dating to 2007.

LinkedIn settles wage violations LinkedIn said it paid nearly $6m in back wages and damages to 359 employees that the US Department of Labor says worked overtime without proper payment.

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Source: City A.M. (UK)

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