Finance set to surpass tech as most-profitable U.S. industry

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July 16, 2013 by apicomely

Barclays poaches JP Morgan’s Morzaria as new finance chief

And while the U.S economy keeps growing at a slow-but-steady pace, prolonged recessions in Europe and slowing growth elsewhere have turned hardware and software exports once a strength of the tech industry into a relative weakness. “Technology has a lot more exposure to international markets, and the economic picture overseas isn’t as strong as it is here right now,” says Sheraz Mian, director of research at Zacks Investment Research. According to Mian’s analysis, U.S. financial services companies in the S&P 500 index are expected to report that they earned aggregate profits of $49 billion in the second quarter. That’s almost 20% of the $247 billion in quarterly earnings expected from the S&P 500 companies as a whole.

AstraZeneca finance chief Lowth to quit for BG Group

Hollywood execs include CAA literary agent Stuart Manashil, Alexis Garcia of WME Ent., and IM Globals SVP of international sales Tatyana Joffe. The Euro contingent will be led by Xavier Parache of Gate Media/Natixis Coficine. Digital Latin America CEO Antonio Barreto, a pioneer in the digital delivery space for Latin American content, will deliver the keynote address Monetizing on Latin American Content through Digital Delivery to kick off the one-day event. The forum comes as production expands across most of the region. For years now Latin America has been a hotbed for emerging talent, and many of its countries have produced a steady output of successful local films, said Garcia.


bank and became CFO of its investment bank in 2010. Before JP Morgan he worked at SG Warburg (UBSN.VX) and Coopers & Lybrand Deloitte. Lucas has been finance director for a tough six years and last year was particularly difficult. He is one of four current and former employees being investigated by UK authorities regarding a capital injection by Qatar in 2008.

Film Finance Forum Latin America Lines Up Panelists

Cine-Sud Boards ‘Circus,’ ‘Parable’

acquisition, PacificCorp. “He’s a very intense, driven man – a technical strategy type I would say,” said a former colleague. AstraZeneca said the search for a replacement for Lowth was underway. Lowth will forfeit his AstraZeneca bonus for 2013 but BG, which will pay him a base salary of 725,000 pounds ($1.10 million), will compensate him for it. He was paid a cash bonus of 1.034 million pounds last year.


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