SRM Global, the hedge fund that was Northern Rock’s largest shareholder, ‘will be seeking permission to appeal to the House of Lords’ The Appeal Court dismissed the case by private shareholders and two hedge funds for a judicial review of the compensation scheme, which will pay them next to [ Read More → ]

Question: We are at odds with the company over what exactly constitutes a day off. If we work from 4 p.m. on Saturday to 1 a.m. on Sunday, the company considers Sunday our day off. We disagree because we would have worked part of the day. But the company expects [ Read More → ]

BOSTON - I used to think wisdom was wasted on the aged. Then I came to believe youth is wasted on the young. Now I realize it doesn’t have to be that way. Consider Tom Watson and Lance Armstrong: Two grizzled veterans in their respective fields who showed the world [ Read More → ]

Students of the fine art of pointing fingers know that the key thing is to not make yourself look like an idiot in the process. By that standard, the California Public Employees’ Retirement System just flunked. In a lawsuit filed this month in state court, CalPERS blamed the three major credit [ Read More → ]

Warren Buffett, whose market acumen spurred countless Americans to take their first steps as investors, is taking his insights to the online playground. The billionaire will tutor tots about finance in an Internet cartoon series scheduled to start this year or early next year, producers A Squared Entertainment and [ Read More → ]

As announced in March’s Budget, a “New Disclosure Opportunity” (NDO) run by HM Revenue & Customs (HMRC) will offer reduced penalties to businesses and iniduals who hand over details of their offshore holdings. HMRC is currently contacting 260 offshore financial institutions requesting details of their British [ Read More → ]

John Murphy does not want a roommate; he needs one. The former advertising executive, who bought his Milton home when he was earning a six-figure salary, has been unemployed for nearly a year and a half and hopes a boarder will help him make mortgage payments. Murphy, 51, is looking for [ Read More → ]

We show you five ways to cut the costs of travelling by road. 1. Join a car club If you only need to use a car occasionally, consider joining a car club. “If you live in a town or city and don’t use your car that much this may be the [ Read More → ]

Con artist is sent packing On Thursday I had a call from Ali. He told me I had won £50,000 from a lottery in Spain. I found this rather surprising because I have never gambled. The cheque was already made out and ready to send to me. All I had to [ Read More → ]

The Court of Appeal in London dismissed an appeal by inidual shareholders – including current and retired employees of the Newcastle-based bank – and two hedge funds that also stand to lose out, who had attacked the scheme as “unlawful, unfair and manifestly disproportionate”. They claimed the compensation scheme was deliberately [ Read More → ]