"If Crossrail does get the go-ahead he would be lobbying for it to be pushed through as quickly as possible in time for the Olympics, " she said.

BBC: NEWS | UK | England | London | On track for Olympic bid?

Penney in October 2010, it figured to be only a matter of time before the activist hedge fund pushed for change at the retailer.

FORBES: J.C. Penney Adds Vornado's Roth, Pershing's Ackman To Board

For a limited time, the software upgrade will be pushed out in phases over Wi-Fi only.

ENGADGET: Verizon Galaxy Nexus finally lands Jelly Bean update

What is less clear is whether the new prime minister can convince the markets to give him time for his reforms, or will he be pushed towards needing a bail-out.

BBC: Spanish elections: Dangerous days ahead for Rajoy