Word: london
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...tried to squeeze out competition by paying PC makers and retailers not to use rival chips. The Commission's 542-page ruling also contained a cease-and-desist order, requiring the Santa Clara-based company to change its business practices in Europe. (See pictures of the financial crisis in London...
...pool; $942 to fit a chandelier. The extravagance of many of the expense claims filed by British MPs in recent years, deliciously catalogued this past week by the country's Daily Telegraph newspaper, which obtained leaked details, have British voters fuming. In a poll taken by the Times of London, more than four fifths of Britons thought all the country's legislators were as bad as each other for milking their allowance system, if not illegally, then far beyond its spirit. A majority said the furor was proof of "how self-serving and out of touch most [politicians...
...worse time for the Prime Minister. The country's economy - Brown's ticket into Downing Street two years ago after a largely successful decade as finance minister - has slid into reverse. Success confronting problems on the global stage, most recently at April's productive G-20 summit in London, has sharpened criticism that he's lacking an agenda at home. (When an e-mail discussing smears against senior Conservatives, written by one of Brown's close aides, surfaced days after the summit, even that goodwill evaporated.) (Watch a TIME video from outside the G-20 summit in London...
...blow to a market that was one of the world's most dynamic in recent years. Offering businesses a dip into London's deep investor pool, but with a light regulatory burden, AIM had lured 1,700 companies from more than 30 countries at its peak in late 2007. That figure now stands at 1,500 and shrinking. Among firms valued at less than $7.5 million - almost 40% of all companies listed on AIM - "there's quite a strong feeling that if things aren't going to improve in the near future, they're minded to look at coming...
...rebound? Its owner, the London Stock Exchange (LSE), is currently lobbying the government against rules that forbid Venture Capital Trusts (VCTs) from investing in AIM firms above a certain size. The limits have virtually wiped out funding from that source. The Exchange also wants VCTs to be able to pick up shares in the secondary market - something they're currently prevented from doing - not solely through new listings. The LSE also recently launched a service providing research on AIM companies which lack the kind of independent analysis wavering investors are after. (See pictures of the global financial crisis...