PRESS DIGEST – Financial Times – Sept 9

GOLDMAN SACHS FACES LARGE FINE IN UK

Goldman Sachs (GS.N: ) is facing a 20 million pound fine by
the UK’s City watchdog following a five-month investigation into
the U.S. investment banks international business.
http://www.ft.com/cms/s/0/59277120-bb74-11df-a136-00144feab49a.html

VODAFONE LOSES $2BLN INDIA TAX BATTLE

Vodafone (VOD.L: ) has lost a legal battle against Indian tax
authorities following a three-year dispute, setting a precedent
for international merger and acquisition deals in India.
http://www.ft.com/cms/s/0/770fd878-bb2c-11df-b3f4-00144feab49a.html

GOOGLE UNVEILS KEY SEARCH UPDATES

Google (GOOG.O: ) has unveiled changes to its search results
in a significant update that is expected to speed up the average
search by two to five seconds.
http://www.ft.com/cms/s/2/ecde8468-bba0-11df-89b6-00144feab49a.html

BP INTERNAL REPORT PROVES BACKLASH

An intrnal inquiry by BP (BP.L: ) into the causes of the Gulf
of Mexico oil spill which has identified “a sequence of
failures” that led to the accident has provoked backlash from
its contractors and US politicians.
http://www.ft.com/cms/s/0/e76e6e68-bb36-11df-b3f4-00144feab49a.html

LLOYDS TO SELL CREST NICHOLSON STAKE

Lloyds (LLOY.L: ) is set to sell its stake in bank-owned
housebuilder Crest Nicholson [CRTNC.UL] to Varde, the U.S.
investment fund, for about $232 million.
http://www.ft.com/cms/s/0/4887a718-bb7e-11df-a136-00144feab49a.html

(Summary compiled by Reuters)

PRESS DIGEST – Financial Times – Sept 9