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| BBC News - Business |
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The latest stories from the Business section of the
BBC News web site.
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| US economic growth slows to 2.4% |
| US economic growth slowed between April and June, with GDP growing by an annualised rate of 2.4%, the US Commerce Department says. |
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| Strikes and ash extend BA losses |
| BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud. |
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| Royal Mail pension plan opposed |
| The Pensions Regulator is opposing a crucial plan to pay off the £10bn deficit in the Royal Mail pension scheme. |
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| Disney sells Miramax film studios |
| Walt Disney announces the sale of its Miramax film division for about $660m to a group of private equity investors. |
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| Airbus firm EADS lifts output aim |
| Airbus parent firm EADS says it is confident about future orders, despite reporting a fall in second-quarter earnings. |
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| Deadline for tax credits renewal |
| Families face missing out on financial assistance if they miss Saturday's deadline to renew tax credits. |
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| Immigrant worker limit criticised |
| Government plans to limit the number of skilled foreign workers allowed into the UK are criticised by the Lord Mayor of London. |
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| Sale of EDF's UK networks agreed |
| 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). |
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| Fugitive Nadir will stand trial |
| 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. |
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| US sees paper profit on bail-outs |
| 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. |
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| Chip sales boost Samsung profits |
| Samsung Electronics reports record quarterly profits thanks to higher sales of smartphones and components such as memory chips. |
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| Benefits face 'radical' shake-up |
| 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. |
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| Citigroup agrees $75m fraud fine |
| Banking giant Citigroup agrees to pay $75m to settle civil charges that it misled investors over potential losses from subprime mortgages. |
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| Jailed Enron boss requests bail |
| The former chief executive of Enron, Jeffrey Skilling, has applied for bail. His lawyer says his conviction for fraud will be overturned. |
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| Toyota announces fresh car recall |
| Toyota is recalling almost 430,000 vehicles in the US and Japan amid concern over steering problems. |
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| Industry toasts rise in beer sales, but pubs miss out |
| Good weather and football's World Cup is thought to have given a boost to beer sales in the UK, industry figures suggest. |
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| Aldi's 'elusive' billionaire co-founder dies |
| The billionaire co-founder of budget supermarket Aldi, Theo Albrecht dies, aged 88. |
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| Fixed retirement age to be axed |
| People reaching the age of 65 will no longer be forced to retire from October next year, under plans announced by the government. |
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| House price inflation eases again |
| 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%. |
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| Landmark ruling on divorce money |
| A "ground-breaking" Court of Appeal judgement removes the protection previously given to thousands of people in divorce proceedings. |
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| California in 'fiscal emergency' |
| California governor Arnold Schwarzenegger declares a fiscal state of emergency, putting pressure on lawmakers to pass a budget. |
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| Review warns of 60,000 job cuts |
| Up to 60,000 people working in the public sector in Scotland could lose their jobs, according to an independent review commissioned by ministers. |
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| China allows IMF report release |
| China allows the publication of an International Monetary Fund staff report on its economy for the first time since 2006. |
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| Gambling firms reveal merger plan |
| The UK's Partygaming and Austrian firm Bwin unveil plans to merge and create the world's largest online gaming business. |
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| Oil firms' profits almost double |
| Oil giants Royal Dutch Shell and Exxon Mobil see profits almost double in the week rival BP suffered record losses. |
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| FSA tightens bankers' pay rules |
| The Financial Services Authority announces plans to update its guidelines on bankers' pay, affecting 2,500 firms. |
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| ITV wins Rugby World Cup rights |
| ITV successfully holds onto the UK TV rights for the next two Rugby World Cups, it is announced. |
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| P&G in London 2012 Olympics deal |
| Consumer products giant Procter & Gamble becomes the 11th big firm to sign an Olympics sponsorship deal covering London 2012. |
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| Extent of Barcelona debt revealed |
| 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. |
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| Fuel protests: 'Three days from anarchy' |
| Tom Feilden investigates whether the lessons on food security from the fuel protests 10 years ago have been learned |
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| Novel take on French home shortage |
| 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. |
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| IDS: Welfare system 'close to breaking' |
| Work and Pensions Secretary Iain Duncan Smith says welfare reform will be "humanizing" rather than "finger wagging" |
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| Iran sanctions: Turkey's dilemma |
| Turkey is facing a difficult decision after the EU approved an embargo on foreign trade with Iran this week. |
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| US GDP figures show 2.4% growth |
| The US economy grew 2.4% during the second quarter, according to figures published by the US government. |
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| Puerto Rico struggles in the downturn |
| With nearly one in five people unemployed, the economic future looks bleak in Puerto Rico. |
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| Tehran's tactics to beat ship sanction |
| A look at how Iran's shipping industry stays one step ahead to minimise the impact of international sanction. |
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| Where to fight BP oil spill battle? |
| 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. |
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| Picking up Penguins for 75 years |
| A colourful history of the famous book publisher |
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| Hit by sanctions |
| Black market boom as Dubai curbs trade with Iran |
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| Pensions timebomb |
| Russians fear the benefits system will cease to exist |
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| New face |
| Can the new Metro Bank really shake up High Street banking? |
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