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BBC News - Business

US economic growth slows to 2.4%

Friday, July 30, 2010
US economic growth slowed between April and June, with GDP growing by an annualised rate of 2.4%, the US Commerce Department says.

Strikes and ash extend BA losses

Friday, July 30, 2010
BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud.

Northwest agrees to pay $38m fine

Friday, July 30, 2010
Northwest Airlines will plead guilty and pay a $38m fine for fixing air-cargo prices, the US justice department says.

Immigrant worker limit criticised

Friday, July 30, 2010
Government plans to limit the number of skilled foreign workers allowed into the UK are criticised by the Lord Mayor of London.

Airbus firm EADS lifts output aim

Friday, July 30, 2010
Airbus parent firm EADS says it is confident about future orders, despite reporting a fall in second-quarter earnings.

Royal Mail pension plan in doubt

Friday, July 30, 2010
The Pensions Regulator is challenging a crucial plan to pay off the £10bn deficit in the Royal Mail pension scheme.

Fraud charges over £115m inquiry

Friday, July 30, 2010
A businessman investigated by City of London police is facing 30 charges of fraud

Deadline for tax credits renewal

Friday, July 30, 2010
Families face missing out on financial assistance if they miss Saturday's deadline to renew tax credits.

Disney sells Miramax film studios

Friday, July 30, 2010
Walt Disney announces the sale of its Miramax film division for about $660m to a group of private equity investors.

Sale of EDF's UK networks agreed

Friday, July 30, 2010
A consortium headed by Hong Kong billionaire Li Ka-Shing agrees to buy the UK networks of French power group EDF for £5.8bn ($9.1bn).

Benefits face 'radical' shake-up

Friday, July 30, 2010
Merging all tax credits and benefits into a single payment is one option being considered by Iain Duncan Smith in a "radical" welfare shake-up.

Fugitive Nadir will stand trial

Friday, July 30, 2010
Fugitive Polly Peck tycoon Asil Nadir, who fled to northern Cyprus in 1993, confirms he will come back to the UK to stand trail on theft charges.

US sees paper profit on bail-outs

Friday, July 30, 2010
Assets bought by the US to bail out AIG and Bear Stearns are showing a paper profit, the Federal Reserve Bank of New York says.

Chip sales boost Samsung profits

Friday, July 30, 2010
Samsung Electronics reports record quarterly profits thanks to higher sales of smartphones and components such as memory chips.

Jailed Enron boss requests bail

Thursday, July 29, 2010
The former chief executive of Enron, Jeffrey Skilling, has applied for bail. His lawyer says his conviction for fraud will be overturned.

Industry toasts rise in beer sales, but pubs miss out

Thursday, July 29, 2010
Good weather and football's World Cup is thought to have given a boost to beer sales in the UK, industry figures suggest.

Aldi's 'elusive' billionaire co-founder dies

Wednesday, July 28, 2010
The billionaire co-founder of budget supermarket Aldi, Theo Albrecht dies, aged 88.

Fixed retirement age to be axed

Thursday, July 29, 2010
People reaching the age of 65 will no longer be forced to retire from October next year, under plans announced by the government.

House price inflation eases again

Thursday, July 29, 2010
UK house prices fell 0.5% in July, the Nationwide says, cutting the annual rate of house price inflation to 6.6% from 8.7%.

Landmark ruling on divorce money

Thursday, July 29, 2010
A "ground-breaking" Court of Appeal judgement removes the protection previously given to thousands of people in divorce proceedings.

California in 'fiscal emergency'

Thursday, July 29, 2010
California governor Arnold Schwarzenegger declares a fiscal state of emergency, putting pressure on lawmakers to pass a budget.

Review warns of 60,000 job cuts

Thursday, July 29, 2010
Up to 60,000 people working in the public sector in Scotland could lose their jobs, according to an independent review commissioned by ministers.

China allows IMF report release

Thursday, July 29, 2010
China allows the publication of an International Monetary Fund staff report on its economy for the first time since 2006.

BP boss scaling back oil effort

Friday, July 30, 2010
The incoming BP chief executive has said it is time to scale back some parts of the oil spill clean-up in the Gulf of Mexico.

Gambling firms reveal merger plan

Thursday, July 29, 2010
The UK's Partygaming and Austrian firm Bwin unveil plans to merge and create the world's largest online gaming business.

Citigroup agrees $75m fraud fine

Thursday, July 29, 2010
Banking giant Citigroup agrees to pay $75m to settle civil charges that it misled investors over potential losses from subprime mortgages.

ITV wins Rugby World Cup rights

Wednesday, July 28, 2010
ITV successfully holds onto the UK TV rights for the next two Rugby World Cups, it is announced.

P&G in London 2012 Olympics deal

Wednesday, July 28, 2010
Consumer products giant Procter & Gamble becomes the 11th big firm to sign an Olympics sponsorship deal covering London 2012.

Extent of Barcelona debt revealed

Tuesday, July 27, 2010
A new audit into Barcelona's finances reveals the club's debt is 442m euros (£369.5m) after a loss of more than 77m euros (£64.36m) last season.

Iran trade sanctions hit Dubai port

Friday, July 30, 2010
In Dubai's port area, the renewed clampdown by the US on trade with Iran is hurting many legitimate, local businesses.

BP boss scaling back oil effort

Friday, July 30, 2010
Incoming BP chief executive Bob Dudley has said it is time to scale back some parts of the oil spill clean-up in the Gulf of Mexico.

Fuel protests: 'Three days from anarchy'

Friday, July 30, 2010
Tom Feilden investigates whether the lessons on food security from the fuel protests 10 years ago have been learned

Novel take on French home shortage

Friday, July 30, 2010
Young French people having difficulty finding affordable housing are being given the chance to help older members of society and put a roof over their own heads.

IDS: Welfare system 'close to breaking'

Friday, July 30, 2010
Work and Pensions Secretary Iain Duncan Smith says welfare reform will be "humanizing" rather than "finger wagging"

Iran sanctions: Turkey's dilemma

Friday, July 30, 2010
Turkey is facing a difficult decision after the EU approved an embargo on foreign trade with Iran this week.

US GDP figures show 2.4% growth

Friday, July 30, 2010
The US economy grew 2.4% during the second quarter, according to figures published by the US government.

Puerto Rico struggles in the downturn

Thursday, July 29, 2010
With nearly one in five people unemployed, the economic future looks bleak in Puerto Rico.

Picking up Penguins for 75 years

Friday, July 30, 2010
A colourful history of the famous book publisher

Hit by sanctions

Thursday, July 29, 2010
Black market boom as Dubai curbs trade with Iran

Pensions timebomb

Thursday, July 29, 2010
Russians fear the benefits system will cease to exist

New face

Thursday, July 29, 2010
Can the new Metro Bank really shake up High Street banking?

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