Synovus Financial Corp. settled a shareholder lawsuit over more than $200 million in bad loans to Georgia luxury resort Sea Island Co. that the investors say were approved with a “golf course handshake” between executives of the two companies.
Tim Bullivant, a retired chartered accountant from Grafham, England, votes Conservative. He says he’s worried that missteps are trashing Prime Minister David Cameron’s reputation as a competent leader.
U.K. Chancellor of the Exchequer George Osborne was accused of cowardice by a lawmaker in his own Conservative Party for sending a junior Treasury minister to defend a retreat on a planned gasoline-duty increase.
U.S. politicians may dream of one day sinking into the presidential bed aboard Air Force One. David Cameron , returning last night from his first trip to the U.S. as British prime minister, took a business-class seat on board a scheduled British Airways flight.
Chancellor of the Exchequer George Osborne gave to the rich by lowering Britain’s 50 percent top income-tax rate, provoking a backlash as he also took more than 1 billion pounds ($1.6 billion) from pensioners.
Sea Island Co., the Georgia resort that aspired to be the “Pebble Beach of the East” before the financial crisis, said it reached an agreement to sell most of its assets to a group including Avenue Capital Group and Oaktree Capital Management LP.
British Prime Minister David Cameron travels to a crisis summit today pinched by conflicting calls from allies at home to quit the European Union and the quest by euro leaders for a more integrated body politic.
David Cameron asserted his Tory credentials halfway through his term with Cabinet changes designed to appeal to his party’s core support, even at the risk of damaging coalition ties with the Liberal Democrats.
Former U.K. Energy Secretary Ed Miliband entered the contest to become leader of the opposition Labour Party , pitting him against his older brother David, the only other candidate so far to have declared.