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...bank balance, then, stifling the strike was key. In applying for the High Court injunction, the carrier argued that the union's ballot wrongly included hundreds of BA staff who had already agreed to take voluntary redundancy before any industrial action would have started. Unite insisted that it had tried to find out which of BA's 13,000 cabin crew were planning to quit but that the airline offered little help. Discounting them would have done little to change the result, though: 92% of voters were in favor of a strike. (See the top 10 worst business deals...

Author: /time Magazine | Title: Brits Get Some Holiday Cheer: No British Air Strike | 12/17/2009 | See Source »

...Columbia make some bank? Personal experience suggests nixing hot breakfast, or developing a nifty line of golf-course-friendly clothing...

Author: By Michelle B. Timmerman, CRIMSON STAFF WRITER | Title: Bummer in the City | 12/17/2009 | See Source »

...head of the world's most profitable bank is oddly pedestrian. Lloyd Blankfein, Goldman Sachs' chief executive, is a movie buff and a bad dresser. He loves gambling in Vegas. He grew up poor and used to be an overweight two-packs-a-day smoker. So when his firm's rapid return to megaprofits this year ignited claims that Goldman Sachs had engineered the financial crisis so it could profit from it, Blankfein seemed the perfect man to explain why his firm - and indeed all of Wall Street - was not a band of élitist capitalist vampires but instead...

Author: /time Magazine | Title: TIME's People Who Mattered 2009 | 12/17/2009 | See Source »

...That means when there are losses anywhere you are going to get hit." Things were booming there back in 2008 when Citi sent Verme to the gulf state - from 2004 through 2008 Citi's revenues from the region grew at a 30% average annual rate. He had run the bank's Latin American operations before being promoted to co-head of investment banking. In 2006, trade publication the Banker named Verme one of the top 10 movers and shakers in the Latin American business. It was big news in banking circles when Citi tapped Verme for Dubai. (See the best...

Author: /time Magazine | Title: Citi's Dubai Mistake: A Sign of More Bad Things to Come? | 12/15/2009 | See Source »

...original version of this story has been updated to reflect Citi's contention that Verme's job change was not a demotion, but a promotion, that Dubai was not a 'financial house of cards,' and that the bank is 'comfortable with [its] investment across all of the UAE.' When TIME originally asked about its operations in Dubai, Citi declined to discuss the situation in detail, or for publication...

Author: /time Magazine | Title: Citi's Dubai Mistake: A Sign of More Bad Things to Come? | 12/15/2009 | See Source »

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