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    Lebedev paid to take it away

    Now we have a financial measure of the mayhem in the newspaper industry: the Russian billionaire Alexander Lebedev is being paid 9.25m to take the Independent off the hands of the existing replica cartier love diamond ring owners, the Irish newspaper group, Independent News Media.

    My reaction has been melancholy.

    The Indie was the first national title to give me a job: I joined it as a City reporter in 1986, a couple of months before it was launched as a fierce competitor into a self satisfied, semi cartelised British newspaper industry; and I retain a strong affection for it.

    But after 24 years that can be characterised as sparkling debut followed by crises so regular that they became business as usual, its current valuation is considerably less than zero.

    The Indie is a licence to lose money: 12.4m of losses in the past year.

    In fact the vendor, INM, swaggered today that its earning per share will be boosted by this deal which sees it parting with cash.

    Here is the sum that makes it a good deal for INM: the cost of closing the Indie, in respect of payments to staff and to the paper's printers and distributor notably Trinity Mirror would have been 30m; so getting shot of it at a cost of 9.25m is a bargain.

    In fact it's probable that the Indie's 12.4m loss made it one of the more successful (in a profit and loss sense) of all the quality papers last year.

    The shocking truth is that most broadsheets are run to provide a living for hacks like me and to massage the egos of the proprietors.

    Over many years and with the exception of the FT, which is in a special market, and the Telegraph quality papers cartier wedding ring replica have found it close to impossible to bring revenues and costs into equilibrium, let alone generate a sustainable profit margin.

    And that challenge of living within their means has been made considerably harder since the internet started providing free on demand news and Google began to gobble up the advertising market.

    So what hope for any of the broadsheets?

    Well Lebedev has in effect taken over a clean new business: there are substantial overheads in the form of wages, printing costs and distribution expenses, but no debt.

    His wheeze may be to challenge the internet at its own game, by giving the Indie away (as he has already done with the Evening Standard in London)

    He would maximise "eyeballs" on paper to stimulate advertising revenues.

    But in taking the road to free subscription he would be sacrificing annual circulation revenue of 30m, so this would represent a very expensive investment in a new business model.

    It will fake Cartier gold rings be fascinating to see whether this former KGB operative has the stomach for it.

    Comment number 2. At 17:25 25th Mar 2010, plamski wrote: 1. At 4:46pm on 25 Mar 2010, GDM wrote:

    Just hope the Indie continues. At 18:13 25th Mar 2010, Jacques Cartier wrote: The wages were too high, down in London. It was very Londoncentric, as most of the "broadsheets" are. Only the Telegraph prints for all of us. And it was up against the Guardian and the BBC.

    I'd go and buy it now (it's only 40p at the University) but it's just London, London, London. Forget it.

    Complain about this comment (Comment number 3)

    Comment number 4.

    But in Cheap fake Trinity de Cartier Ring taking the road to free subscription he would be sacrificing annual circulation revenue of 30m, so this would represent a very expensive investment in a new business model.
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    Investcorp appoints four new Corporate Investment Advisory Directors in Europe

    Hazem Ben Gacem, Head of Investcorp European Corporate Investment team, said: are delighted to welcome such an esteemed group of new Advisory Directors. Joan has been a Managing Partner at S Partners since 2006 and is a Board Member for several companies as well as CEO for Parkare. Prior to this, Guy served as CEO of De Beers Diamond Jewellers imitation ring cartier and Cartier International. He also serves as a Director of Georg Jensen. (PRNewsFoto/Investcorp)Philip Walters MBE is currently Chairman of the GL Education Group and Chair of the independent educational publisher, Rising Stars. He is also a non executive Director of Encyclopedia Britannica (London), of Nelson Croom, the leading supplier of online training and assessment for UK professional bodies, Scottish Book Source, the leading book distributor for Scottish publishers, and CABI, a not for profit international organization that improves lives by solving problems in agriculture and the environment. (PRNewsFoto/Investcorp)

    NEW YORK, July 7, 2014 /PRNewswire/ Investcorp, a global provider and manager of alternative investment products, today announced the appointment of four new Corporate Investment Advisory Directors. Investcorp's Advisory Directors in Europe provide senior external counsel to Investcorp, helping to assess potential investment opportunities and supporting portfolio company management, and are comprised of distinguished corporate executives who are highly successful in their respective fields.

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    A new contestant is about to enter Orange County's designer derby. Inc., one of the premier names in designer luggage and handbags, plans to open a South Coast Plaza store in November just a year after rival Gucci Shops Inc. opened its doors at the same mall.

    The addition of the upscale store signals that South Coast Plaza developer Henry Segerstrom is continuing his drive to turn a wing of the center into a sort of Rodeo Drive South. Not only will Gucci and Vuitton two of the sexiest names in designer leather and vinyl goods soon be under the same retail roof, they will be sharing it with the likes of Mark Cross, Cartier, Polo/Ralph Lauren and Saint Laurent Rive Gauche. And retail executives insist that yet more big name designers are on the way to Orange County. Fashion Island in Newport Beach, for example, has four shops that also have Rodeo Drive addresses, and more are expected to be drawn to the center's newly renovated Atrium Court collection of upscale replica cartier love rose K gold necklace Ring shops.

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    Bank bosses allowed me to take as a perk

    A secretary who is accused of stealing 4 million from her bosses at Goldman Sachs, the American investment bank, was motivated by "honest greed, not theft or deception", a court heard yesterday.

    Joyti De Laurey, 35, said that she had been given permission by two of her bosses, Ron Beller and Scott Mead, gold plated cartier love bracelet to help herself to as much money as she wanted from their bank accounts.

    Jeremy Dein QC, for De Laurey, said: "It will be her evidence that, having been given the chance to lead the life of a millionaire, she snapped it up. And who wouldn't?"

    He told the jury that De Laurey was allowed to take several million pounds, which her bosses would have regarded as "little more than pocket money".

    Over the 14 month period that she is accused of taking money, she forged cheques and transferred money to bank accounts in Cyprus held in her maiden name.

    "Yes, she came into a lot of money, amounts beyond the wildest dreams of most of us," said Mr Dein. "But Joyti De Laurey was employed by a faux cartier love bracelet world famous and all powerful financial institution.

    "Moreover, her direct bosses were wealthy to the point that is really the stuff of fairy tales."

    De Laurey told the court that it was her impression that her bosses at Goldman Sachs were extraordinarily rich, with money to own white gold love bracelet cartier several homes around the world and to live a very comfortable lifestyle helped by several staff.

    She is accused of using the money, which all three bosses deny giving her permission to take, to create an equally lavish lifestyle for herself, including a 750,000 villa in Cyprus and about 300,000 of Cartier jewellery.

    Mr Dein continued: "Mrs De Laurey stood between Mr Mead and the potential collapse of his marriage, his reputation, his job, even perhaps his millions.

    "When she was a PA, he was a man, as she will describe, who outwardly portrayed himself as little short of a brilliant saint. Behind the scenes, though, she, his principal stage hand, knew different. She lied to his wife all the time, but on his instruction, for his benefit, with his encouragement. He lauded her for it; he thanked her for it and he rewarded her for it."

    De Laurey said that Mr Beller told her to take money whenever she wanted from his account. She is accused of taking a total of 1.1 million from Mr Beller and his wife, Jennifer Moses, another Goldman Sachs executive.

    Asked by Mr Dein what Mr Beller had said, she told the court: "That he would always look after me financially; what was his was mine; that I never had to worry about money concerns whilst I worked for him."

    De Laurey said that she regularly forged Mr Beller's signature, both for money transfers and cheques that were paid into her bank accounts, and also for his own benefit, including cheques for his children's piano lessons and shopping trips in New York.

    It was part of her close involvement in the executive couple's busy working life. She organised everything from three day 40th birthday party celebrations in Rome to holidays for the children. But Mr Beller has repeatedly denied ever allowing his wife's secretary to forge his signature.

    When Mr Beller and Miss Moses left Goldman Sachs in 2001, De Laurey started to work for Mr Mead, one of the bank's most senior executives, who De Laurey insisted yesterday took the same unusually generous attitude towards his secretary.

    De Laurey, who is accused of taking about 3.3 million from Mr Mead, said he regarded her as a superb secretary. "He would often come out of his office and say, 'I love you, Jot. What did I do before you replica cartier bracelet new got here?' " she said.

    She told the court that when she informed Mr Mead about her generous arrangement with Mr Beller, he agreed to do the same and also bought her a lot of presents, such as Tiffany jewellery and Hermes scarves. De Laurey said that he appreciated her willingness to lie repeatedly to his wife, Suling, and his colleagues at Goldman Sachs about his whereabouts when he was meeting his mistress.

    She said that Mr Mead and his mistress, who worked in a nearby office in London, would often meet during the day, and she would tell anybody who telephoned that he was busy at a meeting or on a conference call. The affair has since ended.

    De Laurey, from Cheam, Surrey, denies 20 counts of obtaining a money transfer by deception and using false instruments. Her husband, Anthony, 50, and her mother, Devi Schahhou, 67, also deny a total of 13 counts of assisting in the retention of the proceeds of criminal conduct.
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    First arrest made after

    A 50 year old man has been arrested in connection with the 40 million armed robbery at a Mayfair jewellers Britain's biggest ever jewel heist.

    The man was arrested at an address in Illford, east London, on Monday, four days after the robbery, which took place at the Graff Diamond jewellers on New Bond Street at 4.40pm on Thursday.

    The man, who has since been released on bail, is not one of the two men in the CCTV footage released by the Metropolitan Police. A police source described him as a "minor player".

    His arrest was announced this afternoon at the same time police revealed they had searched " replica new cartier bracelet a number of addresses" in relation to the inquiry. A statement said that police are not prepared to discuss what officers found or where the searches had taken place.

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    In the video the two suited suspects are clearly seen leaving the store. A man's voice shouts "call the police" before a gunshot is fired and screams are heard.

    The footage then distorts and re starts with a woman talking. a man reassures her: "They are gone, they are gone.

    Their haul included a pair of white, round, diamond double hoop earrings, a yellow diamond flower necklace, a platinum white Marquise diamond ring and a Chronograph men's 45mm watch.

    Once outside, they fired a warning shot into the ground before fleeing in a blue BMW. Police say they then drove to Old Bond Street before abandoning their car in Dover Street when it collided with a taxi.

    They changed cars, firing another gunshot into the ground as they were chased by members of the public, getting into a silver Mercedes which they drove through Berkeley Square, before changing vehicles again in Farm Street this time into a Ford Galaxy or Volkswagen Sharan.

    Yesterday, the Metropolitan Police issued a CCTV image of the pair arriving at the store and warned that they were "extremely dangerous".

    Detectives from the Flying Squad believe they are looking for at least five men, including a motorbike rider who was given a package by the two men when they were in the BMW, and two other men who were getaway drivers. Detective Chief Inspector Pam Mace said: "This was a well planned robbery with a number of vehicles used to help the robbers escape.

    "These men are extremely dangerous and fired at least two shots in busy London streets as they made their getaway. Someone knows who these men are, they would undoubtedly have spoken about it beforehand or boasted about it afterwards. I would urge anyone who recognises them, knows the whereabouts of the jewellery or has any other information to contact us."

    The 40m haul beats the previous record of 30m of goods taken from a Cartier workshop in 1997. Graff in Mayfair also fell victim to a 23m heist in 2003 and the Graff store in Sloane Square was robbed in 2007, when two armed robbers arrived in a chauffer driven Bentley and threatened staff.

    In last week's raid, detectives believe the men targeted the most expensive items. One officer said: "They knew exactly what they were looking for and we suspect they already have a market for the jewels. "

    The suspects' details have been circulated to all ports cartier love braclet replica and airports but police believe they would have organised an escape route and may have already left the country.

    The first suspect is described as white, about 30 years old, with a slim build, dark hair, light stubble and between 5ft10in and 6ft tall. His accomplice is yellow gold cartier love bracelet black, cartier gold plated love bracelet in his 30s, 6ft tall, more well built and with short Afro hair. It is believed they spoke with London accents. A spokeswoman for Graff refused to comment on the robbery.

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