Press Round- up – February 21

February 21, 2012

Lloyds rivals’ executives to keep bonuses
Executives responsible for misselling loan insurance at Royal Bank of Scotland and Barclays look set to keep their past bonuses, ignoring the precedent set on Monday by Lloyds Banking Group. (FT)

‘Rookie’ bidders head for Edinburgh Airport
A shortlist of bidders was drawn up on Monday for the 500 million pounds auction of Edinburgh airport and some have been told already that they are through to the next round, having submitted indicative offers last week.

Turkcell’s owner to find $1.4 billion or lose control
The owner of Turkcell has to come up with $1.4 billion next month or lose its controlling stake in Turkey’s biggest mobile group, at least for the duration of an appeal, a court has ruled. (FT)

Apple makes legal threat over China iPad dispute
Apple levelled a new legal threat on Monday against the struggling electronics company that has claimed it owns the iPad name in China, as a court in southern China ordered a large retailer to stop sales of the gadget. (FT)

U.S. corporations shy to offer guidance
U.S. companies are more uncertain about the future than at any point since the financial crisis, with just one in five of the country’s biggest corporations making any predictions as they published fourth-quarter results. (FT)

Veolia chief faces boardroom coup
Antoine Frerot, chief executive of Veolia, the world’s biggest water utility by sales, is facing a boardroom coup orchestrated by his former mentor, Henri Proglio, the boss of EDF. (FT)

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