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Areva-Siemens raises claim to $4.4 billion over Finnish reactor delays →  October 25, 2014

HELSINKI (Reuters) – The French-German consortium Areva-Siemens (AREVA.PA)(SIEGn.DE), the supplier of Finland’s much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO), TVO said late on Friday. TVO and Areva have traded accusations about who is to blame for delays and extra costs, and the International Chamber of Commerce’s (ICC) arbitration […]

Fourth Man From Portsmouth Dies In Syria →  October 26, 2014

A 19-year-old has become the fourth man from the same British city to be killed after reportedly joining Islamic State (IS) fighters in Syria. Mehdi Hassan, from Portsmouth, Hampshire, travelled to the conflict-hit country with a group of four other men from the city in October last year. A photo of his body emerged on […]

Mario Balotelli is working ‘very hard’ to break Liverpool duck and score, insists manager Brendan Rodgers →  October 25, 2014

“When you come to Liverpool the one thing you have to do is make sure you play well so we are very pleased,” he said. “I thought Mario Balotelli did okay the other night against Real Madrid and he was their most effective player today. “He is the whipping boy. There is a lot written […]

Too Early to Fall for Argentina →  October 25, 2014

Emerging Markets A handful of hedge funds and private-equity investors have started to tango with Argentina’s capital markets. No one can be quite sure where the dance will end. The attraction: The prospect of an October 2015 election that could bring big changes and a boost to the markets. Left-leaning President Cristina Fernandez de Kirchner, […]

FrontFour: Buying Cheap Oil Stocks →  October 25, 2014

September Hedge Funds: Best, Worst, Biggest When the Standard Poor’s 500 was off 3% on Oct. 15, FrontFour Capital Partners jumped in to buy some of the oil and gas stocks that were leading the plunge. The $486 million-in-assets Greenwich, Conn., hedge fund is “event driven,” and the crack in equity and oil prices offered […]

No new talks in FairPoint strike →  October 25, 2014

No new talks in FairPoint strike A group of striking FairPoint workers is picketing a meeting of Colby College’s trustees in Maine, saying one of them has the power to force the telephone company to return to the bargaining table. More than two dozen workers on Friday aimed to put pressure on Michael Gordon, co-founder […]

Hedge-fund cool: Charity jam for ‘Rocktoberfest’ →  October 25, 2014

Who said Wall Street can’t be cool? Hedge fund investors and others in the financial industry traded their market terminals and BlackBerrys for guitars and sunglasses Wednesday night in New York to rock out for a good cause. Dubbed “Hedge Fund Rocktoberfest,” the 11th annual version of the charity event raised about $400,000 for A […]

Areva-Siemens raises claim to $4.4 billion over Finnish reactor delays →  October 25, 2014

HELSINKI (Reuters) – The French-German consortium Areva-Siemens (AREVA.PA)(SIEGn.DE), the supplier of Finland’s much-delayed Olkiluoto-3 nuclear reactor, has increased its claim against Finnish utility Teollisuuden Voima (TVO), TVO said late on Friday. TVO and Areva have traded accusations about who is to blame for delays and extra costs, and the International Chamber of Commerce’s (ICC) arbitration […]

Cameron: I Won’t Pay £1.7bn EU Bill On Time →  October 25, 2014

The European Commission president has defended the £1.7bn surcharge imposed on Britain after David Cameron insisted the money will not be paid by December 1. The increase would add almost a fifth to the UK’s annual contribution of £8.6bn. The Prime Minster, who has called an emergency meeting with EU finance chiefs, told a news […]

Rafael Nadal pulls out the Barclays ATP World Tour Finals in London to for appendix surgery →  October 24, 2014

“I’m not going to play Paris and London, I’m not enough competitive,” said Nadal, who also suggested that he had been forced to delay his appendix surgery until finishing a course of antibiotics. “I’m going to have the surgery the 3rd of November. I will have treatment on my back next week, that needs a […]

Rajaratnam brother barred for 5 years in SEC deal →  October 24, 2014