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  • Computer Associates International has named Robert Davis as its new CFO after a nine-month search.
  • As it looks to keep pace with rival Banco Santander, Spanish bank BBVA is setting its growth sights on the Hispanic market in the US - at the outset Mexicans in California and Texas - rather than Europe.
  • Oil giant ExxonMobil announced record profits in its annual results yesterday ? $25.3 billion, not only the largest ever for the company but the largest for any public company ever.
  • The year ahead will offer more of the same for the European debt capital markets, according to SGCIB, with fundamentals remaining strong for credit.
  • With the help of law firm and corporate specialist Slaughter and May, UK construction company Jarvis has escaped the clutches of its creditors by offloading all private finance initiative (PFI) obligations and selling its stake in the Tube Lines project.
  • Citigroup regains top spot in our poll of polls from Deutsche Bank, which had nudged it back into second place last year. Hard data from the league tables confirm customers' votes that put Citigroup at the top in capital raising and cash management.
  • Innovation on the part of issuers and their bankers along with robust risk appetite from investors shaped the capital markets in 2004.
  • The dinosaurs that were the old US futures exchanges are extinct. CBOT's and CME's changes, in response to upstart rivals such as Eurex US, may be paving the way to consolidation.
  • The productivity gap between the US and Europe is not as wide as is commonly believed. And eurozone productivity is growing, with more of that gain accruing to investors than to workers.
  • China's cuisine is among the world's finest but its wine industry lags far behind, a fact that new Hong Kong IPO candidate Dynasty Fine Wines Group has been striving to change since it started producing wine 25 years ago. Judging by current standards, the Tianjin-based company has some way to go, despite having an illustrious equity partner in Rémy Martin.
  • The Bush administration would have it that you're either with it or against it on Social Security reform. The Democrats may have fallen for that but Henry Blodget reckons there is a middle way.