BBC News - Business
The latest stories from the Business section of the
BBC News web site.
Interns are 'entitled to be paid'
Fri, 30 Jul 2010 23:00:34 +0000
Many young people working free as interns may legally be entitled to pay, a report says.
BP boss scaling back oil effort
Fri, 30 Jul 2010 18:46:21 +0000
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.
Fugitive Nadir will stand trial
Fri, 30 Jul 2010 15:59:17 +0000
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.
P&G in London 2012 Olympics deal
Wed, 28 Jul 2010 13:48:54 +0000
Consumer products giant Procter & Gamble becomes the 11th big firm to sign an Olympics sponsorship deal covering London 2012.
IDS: Welfare system 'close to breaking'
Fri, 30 Jul 2010 08:05:08 +0000
Work and Pensions Secretary Iain Duncan Smith says welfare reform will be "humanizing" rather than "finger wagging"
Sale of EDF's UK networks agreed
Fri, 30 Jul 2010 09:50:38 +0000
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).
Citigroup agrees $75m fraud fine
Thu, 29 Jul 2010 20:59:05 +0000
Banking giant Citigroup agrees to pay $75m to settle civil charges that it misled investors over potential losses from subprime mortgages.
Strikes and ash extend BA losses
Fri, 30 Jul 2010 11:22:45 +0000
BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud.
US economic growth slows to 2.4%
Fri, 30 Jul 2010 14:48:09 +0000
US economic growth slowed between April and June, with GDP growing by an annualised rate of 2.4%, the US Commerce Department says.
US sees paper profit on bail-outs
Fri, 30 Jul 2010 11:05:34 +0000
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.
Immigrant worker limit criticised
Fri, 30 Jul 2010 17:31:13 +0000
Government plans to limit the number of skilled foreign workers allowed into the UK are criticised by the Lord Mayor of London.
Gambling firms reveal merger plan
Thu, 29 Jul 2010 15:10:10 +0000
The UK's Partygaming and Austrian firm Bwin unveil plans to merge and create the world's largest online gaming business.
Extent of Barcelona debt revealed
Tue, 27 Jul 2010 13:49:43 +0000
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.
Addresses set to lose county name
Sat, 31 Jul 2010 02:58:54 +0000
Counties appear set to be dropped from postal addresses in future years after complaints about out-of-date names.
Fuel protests: 'Three days from anarchy'
Fri, 30 Jul 2010 07:11:25 +0000
Tom Feilden investigates whether the lessons on food security from the fuel protests 10 years ago have been learned
California in 'fiscal emergency'
Thu, 29 Jul 2010 10:49:33 +0000
California governor Arnold Schwarzenegger declares a fiscal state of emergency, putting pressure on lawmakers to pass a budget.
Iran sanctions: Turkey's dilemma
Fri, 30 Jul 2010 08:27:25 +0000
Turkey is facing a difficult decision after the EU approved an embargo on foreign trade with Iran this week.
Landmark ruling on divorce money
Thu, 29 Jul 2010 16:51:29 +0000
A "ground-breaking" Court of Appeal judgement removes the protection previously given to thousands of people in divorce proceedings.
Benefits face 'radical' shake-up
Fri, 30 Jul 2010 14:17:53 +0000
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.
Airbus firm EADS lifts output aim
Fri, 30 Jul 2010 15:31:18 +0000
Airbus parent firm EADS says it is confident about future orders, despite reporting a fall in second-quarter earnings.
Iran trade sanctions hit Dubai port
Fri, 30 Jul 2010 18:36:07 +0000
In Dubai's port area, the renewed clampdown by the US on trade with Iran is hurting many legitimate, local businesses.
US GDP figures show 2.4% growth
Fri, 30 Jul 2010 08:32:33 +0000
The US economy grew 2.4% during the second quarter, according to figures published by the US government.
Chip sales boost Samsung profits
Fri, 30 Jul 2010 06:25:52 +0000
Samsung Electronics reports record quarterly profits thanks to higher sales of smartphones and components such as memory chips.
Aldi's 'elusive' billionaire co-founder dies
Wed, 28 Jul 2010 17:07:01 +0000
The billionaire co-founder of budget supermarket Aldi, Theo Albrecht dies, aged 88.
Northwest agrees to pay $38m fine
Fri, 30 Jul 2010 19:45:44 +0000
Northwest Airlines will plead guilty and pay a $38m fine for fixing air-cargo prices, the US justice department says.
Disney sells Miramax film studios
Fri, 30 Jul 2010 10:16:58 +0000
Walt Disney announces the sale of its Miramax film division for about $660m to a group of private equity investors.
Royal Mail pension plan in doubt
Fri, 30 Jul 2010 14:31:24 +0000
The Pensions Regulator is challenging a crucial plan to pay off the £10bn deficit in the Royal Mail pension scheme.
New face
Thu, 29 Jul 2010 13:26:04 +0000
Can the new Metro Bank really shake up High Street banking?
Fraud charges over £115m inquiry
Fri, 30 Jul 2010 16:28:54 +0000
A businessman investigated by City of London police is facing 30 charges of fraud
Deadline for tax credits renewal
Fri, 30 Jul 2010 09:35:38 +0000
Families face missing out on financial assistance if they miss Saturday's deadline to renew tax credits.
BP boss scaling back oil effort
Fri, 30 Jul 2010 18:07:23 +0000
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.
House price inflation eases again
Thu, 29 Jul 2010 13:12:47 +0000
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 allows IMF report release
Thu, 29 Jul 2010 14:54:51 +0000
China allows the publication of an International Monetary Fund staff report on its economy for the first time since 2006.
Sale of EDF's UK networks agreed
Fri, 30 Jul 2010 22:21:50 +0000
A consortium headed by Hong Kong billionaire Li Ka-Shing has agreed a deal to buy the UK networks of French power group EDF for £5.8bn ($9.1bn).
Novel take on French home shortage
Fri, 30 Jul 2010 06:10:15 +0000
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.
Industry toasts rise in beer sales, but pubs miss out
Thu, 29 Jul 2010 23:05:58 +0000
Good weather and football's World Cup is thought to have given a boost to beer sales in the UK, industry figures suggest.
ITV wins Rugby World Cup rights
Wed, 28 Jul 2010 16:45:26 +0000
ITV successfully holds onto the UK TV rights for the next two Rugby World Cups, it is announced.
Hit by sanctions
Thu, 29 Jul 2010 22:59:29 +0000
Black market boom as Dubai curbs trade with Iran
Review warns of 60,000 job cuts
Thu, 29 Jul 2010 12:49:37 +0000
Up to 60,000 people working in the public sector in Scotland could lose their jobs, according to an independent review commissioned by ministers.
Picking up Penguins for 75 years
Fri, 30 Jul 2010 17:42:49 +0000
A colourful history of the famous book publisher
Tax credit overpayments 'to soar'
Fri, 30 Jul 2010 23:00:09 +0000
Many more people will face having to pay back some of the money paid to them as tax credits because of Budget changes, experts say.
Pensions timebomb
Thu, 29 Jul 2010 23:13:55 +0000
Russians fear the benefits system will cease to exist
Fixed retirement age to be axed
Thu, 29 Jul 2010 10:59:50 +0000
People reaching the age of 65 will no longer be forced to retire from October next year, under plans announced by the government.