Company and Industry News from the Financial Times - FT.com

Highlights

FINANCIALS 10:55pm

Report portrays loss of control at JPMorgan

NY Attorney General Files Lawsuit Against JP Morgan Chase Over Bear Stearns Fraud

Allegedly misleading disclosures around the ‘London Whale’ affair

JPMorgan costly comic theatre
Drew blames underlings for JPM losses
As it happened JPMorgan Senate hearing
JPMorgan accused of lying over $6bn loss

FINANCIALS 11:16pm

SAC tops list of insider trading pacts

Hedge fund finds itself in position it never expected to be in

ENERGY 10:48pm

BP fights ‘fictitious’ compensation claims

Group says businesses far from gulf coast have been awarded millions

FINANCIALS 8:04pm

Man Group drops executive bonuses

Former chief executive to receive no pay-off

FINANCIALS 2:17pm

Empire State Building strives towards IPO

Float must overcome investor block to reach 80% approval

Week in review: John Watson in Australia

John Watson, chief executive officer of Chevron

Chevron boss steps on gas down under; UBS reveals Orcel terms; and Ocado lifted by Morrison talks

The Top line: Find a better use for debt

Sarah Gordon

Borrowing should fund investment, not line shareholders’ pockets, writes Sarah Gordon

vw badges

©AFP INDUSTRIALS 6:54pm

US fund sells $1.2bn Volkswagen stake

Waddell & Reed offloads 90% of holding in carmaker

Tom Albanese has stepped down as chief executive of Rio Tinto

©Bloomberg ENERGY 6:20pm

Ex-Rio chief gets pay rise despite loss

Albanese misses out on bonus payments

John A. Paulson.

©Bloomberg FINANCIALS 5:54pm

Paulson dismisses move to Puerto Rico

Billionaire considered relocating from New York

Russel and Juliette Joffe

RETAIL & CONSUMER 7:24pm

Giraffe tears shed over Tesco deal

Owner of chain taken aback by reaction from some customers

Democratic Republic of Congo soccer fans gesture ahead of their African Nations Cup Group B soccer match against Ghana in Port Elizabeth

©Reuters INDUSTRIALS 5:01pm

West plays catch-up on Africa contracts

US groups wake up to opportunities

Ghana rice venture points new way ahead
FT series Africa Inc

Multimedia

beyondbrics

Customer wait to be helped at an America Movil SAB Telcel store in Mexico City, Mexico,

©Bloomberg América Móvil’s road will will doubtless be bumpy but not always downward

Tech blog

This February 25, 2013 photo taken in Washington, DC, shows the splash page for the Internet social media giant Facebook

©AFP Facebook may be working on its own Twitter-esque hashtag system

material world

Online shopper checking Net-a-Porter

©Alamy Etail wars: Net-a-porter‘s move into beauty is significant

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EDITOR’S CHOICE

serious money

Jonathan Eley

Jonathan Eley asks: Is Esure worth its premium?

analysis

François Hollande image as skype screen grab

Pressure on big internet groups

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