Around the Web
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Eurozone heads for second recession 23 Feb 2012
Euro zone countries will slip into a double dip recession this year as it contracts 0.3 percent, the European Commission forecast in a report on Thursday.
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Obama and Romney unveil rival tax plans 23 Feb 2012
President Barack Obama and Mitt Romney, his most likely Republican rival in this year’s election, battled for the mantle of tax reformer as they released competing visions for...
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BAT boosts share buyback on growth prospects 23 Feb 2012
British American Tobacco increased its share buyback programme on Thursday to £1.25 billion following the completion of a £750 million buyback last year after strong growth in emerging markets.
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RBS posts Q4 loss, but pays out almost £1bn in bonuses 23 Feb 2012
Royal Bank of Scotland posted a £1.8 billion loss for the fourth quarter despite paying bonuses of £390 million to bankers in its investment division in 2011, the bank reported on Thursday.
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Advent targets €7bn fund 23 Feb 2012
Setting a target higher than a previous fund is something many of Advent’s rivals have avoided in the current fundraising environment
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Data wars: Return of the performance debate 23 Feb 2012
Information provider Thomson Reuters has described fresh claims from academics that its database of private equity fund performance is out of date as neither 'substantiated' nor 'valid'
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What do private equity firms do? 23 Feb 2012
Mitt Romney’s presidential campaign has propelled private equity into the spotlight, leading US radio show Planet Money to probe one of Bain Capital’s acquisitions
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Ex-Morgan Stanley bankers start new firm 23 Feb 2012
Dean Bradley Osborne is named after three of the five founding partners
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Apple carbon footprint exploded in 2011 22 Feb 2012
Apple has published an overview of its carbon footprint for 2011, breaking down how factors such as manufacturing, transportation, product use, recycling, and its facilities influence its effect on the environment.
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Rogue trader foiled in the City 22 Feb 2012
Asset manager Threadneedle, based in the City of London, has said its systems successfully caught a junior rogue employee who attempted to make a suspected $150 million (£95 million) rogue trade.