Guess which hot sector private equity is chasing The rising value of farmland and demand for organic food is wooing investors to this sector. Farmers are now adopting tech tools to be competitive.
| By: Elaine Pofeldt, special to CNBC.com
INSIGHT-In new trend, European fund firms become banks in all but name LONDON, May 27- Australian Symon Drake-Brockman is on the front line of a revolution in European finance. The former head of global debt markets at Royal Bank of Scotland now runs Pemberton Asset Management in London's genteel Belgravia, several miles from the "Square Mile" City of London financial district where bankers work. "We operate more like a lender... we are...
| By: Sinead Cruise and Simon Jessop
Air Canada to redeploy capital as pension funding gap evaporates TORONTO, May 26- Air Canada said on Tuesday it plans to redeploy capital toward share buybacks, debt repayment and increased investment in new aircraft, as its once huge pension fund deficit has now been wiped out much earlier than expected. Its pension fund deficit stood at C $4.2 billion in 2012, and Air Canada struck a deal with the government in 2013 that gave it...
| By: Euan Rocha
Oregon proposal would outlaw sneak photos up women's skirts SALEM, Ore.- Oregon lawmakers on Tuesday advanced a proposal aimed at closing a loophole in state privacy laws that recently let a man go unpunished after he took photographs up a teenager's skirt. The state Senate unanimously passed the bill, which would make it a misdemeanor to surreptitiously take photos up women's dresses without their consent.
Source: The Associated Press
| By: SHEILA V KUMAR, Associated Press
The Nicklaus empire Co-Chairman of The Nicklaus Companies Jack Nicklaus and Howard Milstein, discuss the future of golf as a sport.
Deutsche Bank paying $55M settlement on incorrect reports WASHINGTON- Germany's Deutsche Bank AG has agreed to pay $55 million to settle civil charges of filing incorrect reports during the financial crisis that downplayed risks of huge losses. The SEC said that in two quarterly reports in 2008 and 2009, Deutsche Bank inflated the value of its transactions designed to hedge against losses on securities in the...
Source: The Associated Press
Sterling near 2-1/2 month high against struggling euro LONDON, May 26- Sterling rose to a 2-1/ 2 month high against a struggling euro on Tuesday, with the single currency weighed down by Greece's debt problems and interest rate differentials moving in favour of the British pound. It was last trading at 70.87 pence, down 0.1 percent on the day, having been hit in recent days by a senior European Central Bank official who...
INTERVIEW-Zalando sees strong early Gap sales, big potential *Shoppers spend longer on Zalando, ASOS than most brand sites. BERLIN, May 26- U.S. label Gap Inc's launch on Zalando, Europe's top online fashion retailer, this month has exceeded expectations and Gap children's clothes are already one of the top-selling kids' brands on the site, the German company said. For Gap, using Zalando is a way to expand sales in continental...
| By: Emma Thomasson