Site: BBC News - Business

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). http://www.bbc.co.uk/go/rss/int/news/-/news/business-10813976 http://www.bbc.co.uk/news/business-10813976 Fri, 30 Jul 2010 09:50:38 +0000 ;"> 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.

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. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10814344 http://www.bbc.co.uk/news/business-10814344 Fri, 30 Jul 2010 10:16:58 +0000 ;"> 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).

Deadline for tax credits renewal Families face missing out on financial assistance if they miss Saturday's deadline to renew tax credits. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10815240 http://www.bbc.co.uk/news/business-10815240 Fri, 30 Jul 2010 09:35:38 +0000 ;"> 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.

Industry toasts beer sales rise Good weather and football's World Cup is thought to have given a boost to beer sales in the UK, industry figures suggest. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10808820 http://www.bbc.co.uk/news/business-10808820 Thu, 29 Jul 2010 23:05:58 +0000 ;"> Deadline for tax credits renewal
Families face missing out on financial assistance if they miss Saturday's deadline to renew tax credits.

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. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10816534 http://www.bbc.co.uk/news/business-10816534 Fri, 30 Jul 2010 11:05:34 +0000 ;"> Industry toasts beer sales rise
Good weather and football's World Cup is thought to have given a boost to beer sales in the UK, industry figures suggest.

Chip sales boost Samsung profits Samsung Electronics reports record quarterly profits thanks to higher sales of smartphones and components such as memory chips. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10813772 http://www.bbc.co.uk/news/business-10813772 Fri, 30 Jul 2010 06:25:52 +0000 ;"> 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.

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. http://www.bbc.co.uk/go/rss/int/news/-/news/uk-politics-10807098 http://www.bbc.co.uk/news/uk-politics-10807098 Fri, 30 Jul 2010 11:26:13 +0000 ;"> Chip sales boost Samsung profits
Samsung Electronics reports record quarterly profits thanks to higher sales of smartphones and components such as memory chips.

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. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10812128 http://www.bbc.co.uk/news/business-10812128 Thu, 29 Jul 2010 20:59:05 +0000 ;"> 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.

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. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10807417 http://www.bbc.co.uk/news/business-10807417 Thu, 29 Jul 2010 15:10:10 +0000 ;"> 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.

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. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10810682 http://www.bbc.co.uk/news/business-10810682 Thu, 29 Jul 2010 18:30:27 +0000 ;"> 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.

Toyota announces fresh car recall Toyota is recalling almost 430,000 vehicles in the US and Japan amid concern over steering problems. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10810112 http://www.bbc.co.uk/news/business-10810112 Thu, 29 Jul 2010 17:11:18 +0000 ;"> 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.

Fugitive tycoon Nadir seeks bail 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. http://www.bbc.co.uk/go/rss/int/news/-/news/uk-10807761 http://www.bbc.co.uk/news/uk-10807761 Fri, 30 Jul 2010 04:04:07 +0000 ;"> Toyota announces fresh car recall
Toyota is recalling almost 430,000 vehicles in the US and Japan amid concern over steering problems.

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. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10799128 http://www.bbc.co.uk/news/business-10799128 Thu, 29 Jul 2010 15:56:19 +0000 ;"> Fugitive tycoon Nadir seeks bail
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.

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. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10796718 http://www.bbc.co.uk/news/business-10796718 Thu, 29 Jul 2010 10:59:50 +0000 ;"> 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.

FSA tightens bankers' pay rules The Financial Services Authority announces plans to update its guidelines on bankers' pay, affecting 2,500 firms. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10805903 http://www.bbc.co.uk/news/business-10805903 Thu, 29 Jul 2010 15:35:13 +0000 ;"> 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.

Aldi's 'elusive' billionaire co-founder dies The billionaire co-founder of budget supermarket Aldi, Theo Albrecht dies, aged 88. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10795234 http://www.bbc.co.uk/news/business-10795234 Wed, 28 Jul 2010 17:07:01 +0000 ;"> FSA tightens bankers' pay rules
The Financial Services Authority announces plans to update its guidelines on bankers' pay, affecting 2,500 firms.

Beer giant loses fight for Budweiser name Global brewing giant Anheuser-Busch InBev suffers a defeat in a long-running battle over the rights to the Budweiser beer brand. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10809473 http://www.bbc.co.uk/news/business-10809473 Thu, 29 Jul 2010 16:40:02 +0000 ;"> Aldi's 'elusive' billionaire co-founder dies
The billionaire co-founder of budget supermarket Aldi, Theo Albrecht dies, aged 88.

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%. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10794461 http://www.bbc.co.uk/news/business-10794461 Thu, 29 Jul 2010 13:12:47 +0000 ;"> Beer giant loses fight for Budweiser name
Global brewing giant Anheuser-Busch InBev suffers a defeat in a long-running battle over the rights to the Budweiser beer brand.

Landmark ruling on divorce money A "ground-breaking" Court of Appeal judgement removes the protection previously given to thousands of people in divorce proceedings. http://www.bbc.co.uk/go/rss/int/news/-/news/uk-10799640 http://www.bbc.co.uk/news/uk-10799640 Thu, 29 Jul 2010 16:51:29 +0000 ;"> 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%.

New High Street bank opens doors The first High Street bank to launch in the UK for more than 100 years opens its doors for the first time. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10790996 http://www.bbc.co.uk/news/business-10790996 Thu, 29 Jul 2010 09:40:50 +0000 ;"> Landmark ruling on divorce money
A "ground-breaking" Court of Appeal judgement removes the protection previously given to thousands of people in divorce proceedings.

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. http://www.bbc.co.uk/go/rss/int/news/-/news/uk-scotland-scotland-politics-10794298 http://www.bbc.co.uk/news/uk-scotland-scotland-politics-10794298 Thu, 29 Jul 2010 12:49:37 +0000 ;"> New High Street bank opens doors
The first High Street bank to launch in the UK for more than 100 years opens its doors for the first time.

California in 'fiscal emergency' California governor Arnold Schwarzenegger declares a fiscal state of emergency, putting pressure on lawmakers to pass a budget. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10802119 http://www.bbc.co.uk/news/business-10802119 Thu, 29 Jul 2010 10:49:33 +0000 ;"> 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.

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. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10805608 http://www.bbc.co.uk/news/business-10805608 Thu, 29 Jul 2010 14:54:51 +0000 ;"> California in 'fiscal emergency'
California governor Arnold Schwarzenegger declares a fiscal state of emergency, putting pressure on lawmakers to pass a budget.

BSkyB profits on high definition Satellite TV group BSkyB reports a sharp jump in profits, driven by new subscriptions, particularly for high definition services. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10799069 http://www.bbc.co.uk/news/business-10799069 Thu, 29 Jul 2010 14:17:31 +0000 ;"> 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.

Results boost AstraZeneca shares Shares in AstraZeneca rise more than 3% after the drug company reports a rise in profits after strong sales of key drugs. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10801436 http://www.bbc.co.uk/news/business-10801436 Thu, 29 Jul 2010 17:37:31 +0000 ;"> BSkyB profits on high definition
Satellite TV group BSkyB reports a sharp jump in profits, driven by new subscriptions, particularly for high definition services.

China agrees Guinea mining deal Mining giant Rio Tinto completes a deal with Chinese firm Chalco to enter a joint venture in West Africa. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10803814 http://www.bbc.co.uk/news/business-10803814 Thu, 29 Jul 2010 13:02:00 +0000 ;"> Results boost AstraZeneca shares
Shares in AstraZeneca rise more than 3% after the drug company reports a rise in profits after strong sales of key drugs.

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. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10789998 http://www.bbc.co.uk/news/business-10789998 Wed, 28 Jul 2010 13:48:54 +0000 ;"> China agrees Guinea mining deal
Mining giant Rio Tinto completes a deal with Chinese firm Chalco to enter a joint venture in West Africa.

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. http://news.bbc.co.uk/go/rss/int/news/-/sport1/hi/football/europe/8859257.stm http://news.bbc.co.uk/sport1/hi/football/europe/8859257.stm Tue, 27 Jul 2010 13:49:43 +0000 ;"> 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.

London 2012 eyes business backing Small and medium-sized firms are asked to help raise funds for the British 2012 Olympic and Paralympic teams. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10762329 http://www.bbc.co.uk/news/business-10762329 Mon, 26 Jul 2010 11:40:32 +0000 ;"> 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.

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 http://news.bbc.co.uk/go/rss/int/news/-/today/hi/today/newsid_8870000/8870066.stm http://news.bbc.co.uk/today/hi/today/newsid_8870000/8870066.stm Fri, 30 Jul 2010 07:11:25 +0000 ;"> London 2012 eyes business backing
Small and medium-sized firms are asked to help raise funds for the British 2012 Olympic and Paralympic teams.

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. http://www.bbc.co.uk/go/rss/int/news/-/news/world-europe-10813243 http://www.bbc.co.uk/news/world-europe-10813243 Fri, 30 Jul 2010 06:10:15 +0000 ;"> 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

IDS: Welfare system 'close to breaking' Work and Pensions Secretary Iain Duncan Smith says welfare reform will be "humanizing" rather than "finger wagging" http://news.bbc.co.uk/go/rss/int/news/-/today/hi/today/newsid_8870000/8870230.stm http://news.bbc.co.uk/today/hi/today/newsid_8870000/8870230.stm Fri, 30 Jul 2010 08:05:08 +0000 ;"> 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.

Iran sanctions: Turkey's dilemma Turkey is facing a difficult decision after the EU approved an embargo on foreign trade with Iran this week. http://www.bbc.co.uk/go/rss/int/news/-/news/world-middle-east-10813337 http://www.bbc.co.uk/news/world-middle-east-10813337 Fri, 30 Jul 2010 08:27:25 +0000 ;"> IDS: Welfare system 'close to breaking'
Work and Pensions Secretary Iain Duncan Smith says welfare reform will be "humanizing" rather than "finger wagging"

US to publish GDP estimates The US government will publish GDP estimates for the three months to June later http://www.bbc.co.uk/go/rss/int/news/-/news/business-10814332 http://www.bbc.co.uk/news/business-10814332 Fri, 30 Jul 2010 08:32:33 +0000 ;"> Iran sanctions: Turkey's dilemma
Turkey is facing a difficult decision after the EU approved an embargo on foreign trade with Iran this week.

Puerto Rico struggles in the downturn With nearly one in five people unemployed, the economic future looks bleak in Puerto Rico. http://news.bbc.co.uk/go/rss/int/news/-/1/hi/programmes/world_news_america/8869592.stm http://news.bbc.co.uk/1/hi/programmes/world_news_america/8869592.stm Thu, 29 Jul 2010 23:07:59 +0000 ;"> US to publish GDP estimates
The US government will publish GDP estimates for the three months to June later

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. http://www.bbc.co.uk/go/rss/int/news/-/news/business-10811512 http://www.bbc.co.uk/news/business-10811512 Thu, 29 Jul 2010 18:25:44 +0000 ;"> Puerto Rico struggles in the downturn
With nearly one in five people unemployed, the economic future looks bleak in Puerto Rico.

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. http://www.bbc.co.uk/go/rss/int/news/-/news/world-us-canada-10812730 http://www.bbc.co.uk/news/world-us-canada-10812730 Thu, 29 Jul 2010 22:17:01 +0000 ;"> 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.

Picking up Penguins for 75 years A colourful history of the famous book publisher http://www.bbc.co.uk/go/rss/int/news/-/news/business-10794227 http://www.bbc.co.uk/news/business-10794227 Thu, 29 Jul 2010 23:14:02 +0000 ;"> 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.

Hit by sanctions Black market boom as Dubai curbs trade with Iran http://www.bbc.co.uk/go/rss/int/news/-/news/business-10779331 http://www.bbc.co.uk/news/business-10779331 Thu, 29 Jul 2010 22:59:29 +0000 ;"> Picking up Penguins for 75 years
A colourful history of the famous book publisher

Pensions timebomb Russians fear the benefits system will cease to exist http://www.bbc.co.uk/go/rss/int/news/-/news/business-10803227 http://www.bbc.co.uk/news/business-10803227 Thu, 29 Jul 2010 23:13:55 +0000 ;"> Hit by sanctions
Black market boom as Dubai curbs trade with Iran

New face Can the new Metro Bank really shake up High Street banking? http://www.bbc.co.uk/go/rss/int/news/-/news/business-10793854 http://www.bbc.co.uk/news/business-10793854 Thu, 29 Jul 2010 13:26:04 +0000 ;"> Pensions timebomb
Russians fear the benefits system will cease to exist

;"> New face
Can the new Metro Bank really shake up High Street banking?