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Business News

Benefits face 'radical' shake-up
30/07/2010 14:46:32 BBC News - Business
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.
US economic growth slows to 2.4%
30/07/2010 14:25:58 BBC News - Business
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
30/07/2010 12:22:45 BBC News - Business
BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud.
US sees paper profit on bail-outs
30/07/2010 12:05:34 BBC News - Business
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.
Disney sells Miramax film studios
30/07/2010 11:16:58 BBC News - Business
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
30/07/2010 10:50:38 BBC News - Business
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).
Deadline for tax credits renewal
30/07/2010 10:35:38 BBC News - Business
Families face missing out on financial assistance if they miss Saturday's deadline to renew tax credits.
US GDP figures show 2.4% growth
30/07/2010 09:32:33 BBC News - Business
The US economy grew 2.4% during the second quarter, according to figures published by the US government.
Iran sanctions: Turkey's dilemma
30/07/2010 09:27:25 BBC News - Business
Turkey is facing a difficult decision after the EU approved an embargo on foreign trade with Iran this week.
IDS: Welfare system 'close to breaking'
30/07/2010 09:05:08 BBC News - Business
Work and Pensions Secretary Iain Duncan Smith says welfare reform will be "humanizing" rather than "finger wagging"
Fuel protests: 'Three days from anarchy'
30/07/2010 08:11:25 BBC News - Business
Tom Feilden investigates whether the lessons on food security from the fuel protests 10 years ago have been learned
Chip sales boost Samsung profits
30/07/2010 07:25:52 BBC News - Business
Samsung Electronics reports record quarterly profits thanks to higher sales of smartphones and components such as memory chips.
Novel take on French home shortage
30/07/2010 07:10:15 BBC News - Business
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.
Fugitive tycoon Nadir seeks bail
30/07/2010 05:04:07 BBC News - Business
Fugitive Polly Peck tycoon Asil Nadir, who fled to northern Cyprus in 1993, begins a legal bid to be granted bail ahead of a UK theft trial.
Picking up Penguins for 75 years
30/07/2010 00:14:02 BBC News - Business
A colourful history of the famous book publisher
Pensions timebomb
30/07/2010 00:13:55 BBC News - Business
Russians fear the benefits system will cease to exist
Puerto Rico struggles in the downturn
30/07/2010 00:07:59 BBC News - Business
With nearly one in five people unemployed, the economic future looks bleak in Puerto Rico.
Industry toasts beer sales rise, but pubs still in decline
30/07/2010 00:05:58 BBC News - Business
Good weather and football's World Cup is thought to have given a boost to beer sales in the UK, industry figures suggest.
Hit by sanctions
29/07/2010 23:59:29 BBC News - Business
Black market boom as Dubai curbs trade with Iran
Where to fight BP oil spill battle?
29/07/2010 23:17:01 BBC News - Business
As BP's rivals count the cost of a ban on offshore drilling, the tide of lawsuits arising from the oil spill in the Gulf of Mexico has washed up in a federal courtroom in Idaho.
Citigroup agrees $75m fraud fine
29/07/2010 21:59:05 BBC News - Business
Banking giant Citigroup agrees to pay $75m to settle civil charges that it misled investors over potential losses from subprime mortgages.
Jailed Enron boss requests bail
29/07/2010 19:30:27 BBC News - Business
The former chief executive of Enron, Jeffrey Skilling, has applied for bail. His lawyer says his conviction for fraud will be overturned.
Tehran's tactics to beat ship sanction
29/07/2010 19:25:44 BBC News - Business
A look at how Iran's shipping industry stays one step ahead to minimise the impact of international sanction.
Results boost AstraZeneca shares
29/07/2010 18:37:31 BBC News - Business
Shares in AstraZeneca rise more than 3% after the drug company reports a rise in profits after strong sales of key drugs.
Toyota announces fresh car recall
29/07/2010 18:11:18 BBC News - Business
Toyota is recalling almost 430,000 vehicles in the US and Japan amid concern over steering problems.
Landmark ruling on divorce money
29/07/2010 17:51:29 BBC News - Business
A "ground-breaking" Court of Appeal judgement removes the protection previously given to thousands of people in divorce proceedings.
Oil firms' profits almost double
29/07/2010 16:56:19 BBC News - Business
Oil giants Royal Dutch Shell and Exxon Mobil see profits almost double in the week rival BP suffered record losses.
FSA tightens bankers' pay rules
29/07/2010 16:35:13 BBC News - Business
The Financial Services Authority announces plans to update its guidelines on bankers' pay, affecting 2,500 firms.
Gambling firms reveal merger plan
29/07/2010 16:10:10 BBC News - Business
The UK's Partygaming and Austrian firm Bwin unveil plans to merge and create the world's largest online gaming business.
China allows IMF report release
29/07/2010 15:54:51 BBC News - Business
China allows the publication of an International Monetary Fund staff report on its economy for the first time since 2006.
BSkyB profits on high definition
29/07/2010 15:17:31 BBC News - Business
Satellite TV group BSkyB reports a sharp jump in profits, driven by new subscriptions, particularly for high definition services.
New face
29/07/2010 14:26:04 BBC News - Business
Can the new Metro Bank really shake up High Street banking?
House price inflation eases again
29/07/2010 14:12:47 BBC News - Business
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%.
China agrees Guinea mining deal
29/07/2010 14:02:00 BBC News - Business
Mining giant Rio Tinto completes a deal with Chinese firm Chalco to enter a joint venture in West Africa.
Review warns of 60,000 job cuts
29/07/2010 13:49:37 BBC News - Business
Up to 60,000 people working in the public sector in Scotland could lose their jobs, according to an independent review commissioned by ministers.
Fixed retirement age to be axed
29/07/2010 11:59:50 BBC News - Business
People reaching the age of 65 will no longer be forced to retire from October next year, under plans announced by the government.
California in 'fiscal emergency'
29/07/2010 11:49:33 BBC News - Business
California governor Arnold Schwarzenegger declares a fiscal state of emergency, putting pressure on lawmakers to pass a budget.
New High Street bank opens doors
29/07/2010 10:40:50 BBC News - Business
The first High Street bank to launch in the UK for more than 100 years opens its doors for the first time.
Aldi's 'elusive' billionaire co-founder dies
28/07/2010 18:07:01 BBC News - Business
The billionaire co-founder of budget supermarket Aldi, Theo Albrecht dies, aged 88.
P&G in London 2012 Olympics deal
28/07/2010 14:48:54 BBC News - Business
Consumer products giant Procter & Gamble becomes the 11th big firm to sign an Olympics sponsorship deal covering London 2012.
Extent of Barcelona debt revealed
27/07/2010 14:49:43 BBC News - Business
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.
London 2012 eyes business backing
26/07/2010 12:40:32 BBC News - Business
Small and medium-sized firms are asked to help raise funds for the British 2012 Olympic and Paralympic teams.

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