The Financial Conduct Authority has begun a new probe looking at banks and asset managers' activities that help pension funds make significant changes to their investment portfolios. Sainsbury Chief Executive Justin King has asked the government to "think hard" on the lack of a level playing field on tax between international internet retailers and high street stores. and Europe with new business from countries like Saudi Arabia. Federal Energy Regulatory Commission "intends to recommend" an enforcement action against the bank and "certain firm personnel."Ĭoca-Cola will adopt clearer calorie-count labels, promote diet drinks and back a pledge not to market to children under 12 in an attempt to help fight obesity.īAE forecast modest growth as it attempts to offset shrinking defence spending in the U.S. * Samsung's Galaxy S4 smartphone takes advantage of the South Korean electronics company's chip and display manufacturing prowess to get its materials costs close to Apple's iPhone 5.įormer Enron CEO Jeffrey Skilling could see his sentence shortened by 10 years as part of a deal with the U.S. But the service, which typically uses Earth-based antennas, is often too slow for today's data-guzzling Web apps. airlines have been rolling out internet service on flights for several years. * In-flight Internet speeds could rival those on the ground under a proposal expected to move forward on Thursday. * Enron's former president and CEO Jeffrey Skilling and the Justice Department have reached an agreement that would cut his federal prison sentence to as little as 14 years from 24 years. * Across the U.S., earnings season came and went with few signs that companies are taking advantage of the SEC's green light to tweet or post market moving information. * The nation's biggest banks are going on the offensive to fend off growing efforts in Washington to rein them in.
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