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BBC secretly banked 106k of Children in Need money
The BBC was today forced to admit to another phone-in scandal in which 106,000 that should have gone to charity was in fact secretly banked by the corporation. Viewers who called to take part in fundraising phone-ins but whose calls were made just after
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Trade Deficit Narrowed Sharply in March
WASHINGTON (AP) -- The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending. The Commerce Department reported Friday that the deficit totaled $58.2 billion, down 5.6 percent
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Google keen on greater Yahoo ties
Google and Yahoo shared advertising space last monthGoogle has expressed interest in extending an advertising partnership with fellow search engine Yahoo. The comments from Google co-founder Sergey Brin and chief executive Eric Schmidt were made before
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British Energy bid deadline looms
British Energy has suffered from rising costs in recent yearsBidders interested in buying the government's 35% stake in nuclear power firm British Energy have until the end of Friday to table an offer. Electricite de France (EDF) and RWE of Germany are
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Air Travelers Need to Pack More Money
Air travel these days is an adventure with many surprises, some of them unpleasant. That also describes the process of simply buying a ticket. Airlines have raised fares or increased surcharges, partly to cover the rising cost of jet fuel, at least 10
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Google execs hope for long-term deal with Yahoo
Google Inc.'s top executives expressed hope Thursday that the Internet search leader will be able to form a potentially lucrative advertising partnership with Yahoo Inc. -- a deal that would lower the odds of Microsoft Corp. renewing its attempts to buy
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AIG plunges to record loss
The crisis at American International Group deepened on Thursday after $15bn in credit-related writedowns plunged the US insurer into a record quarterly loss, and prompted it to raise $12.5bn to bolster its weakened balance sheet.AIG's poor first quarter
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Wachovia splits two top jobs
Wachovia, the fourth largest US bank by assets, has stripped the chairmanship from Ken Thompson but left him as chief executive following big loan losses and regulatory problems.The move to install Lanty Smith as non-executive chairman of the board came
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Repossession orders at a record high
Home repossession orders are at an all-time high, according to figures to be released by the Ministry of Justice today. The Times understands that the court figures for the first quarter of this year will show that such orders have soared with the credit
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Questions of Rent Tactics by Private Equity
Tenants of an apartment building in Washington Heights, N.Y. gather in their lobby to discuss alleged harassment by the building's owner. Private investment firms have been amassing what may seem like unusual stakes in New York real estate: they have
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Coming soon: Citigroup's grand plan
and thank heavens it's finally arrived. For months, analysts and reporters trying to understand what CEO Vikram Pandit and crew are strategizing to do with this monster financial institution have been told to wait for Investor Day on May 9th, when all
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RealNetworks to spin off casual games business
RealNetworks Inc. said Thursday that it plans to spin off its casual games business into a separate company and distribute its shares to RealNetworks stockholders. Shares of RealNetworks, which also operates the Rhapsody online music service and provides
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Thin times for lean car production
the world's most profitable carmaker also briefed investors on some new wrinkles in its much-studied manufacturing process. Alongside its financial results and market-share statistics, Toyota outlined measures it was taking to reduce the thickness of
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Carphone and Best Buy hail shake-up
Best Buy of the US and the UK's Carphone Warehouse on Thursday promised to unleash a far-reaching shake-up of the European consumer electronics landscape with a new joint venture. Carphone also underlined its ambition to become the UK's largest broadband
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Cablevision plans wireless broadband network
Cable TV provider Cablevision Systems Corp. disclosed plans Thursday to offer high-speed wireless Internet service across its coverage area in the New York region. The company also reported a wider deficit for its first quarter on losses from derivative
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Will Google and Cable Firms Rejuvenate WiMAX?
The participation of Google, Intel and three cable leaders in a $14.5 billion deal to deploy a high capacity wireless network in the U.S. will rejuvenate a technology that seemed to be losing steam, experts say. The network which is based on WiMAX, a
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Unilever upbeat after brand price rises
Unilever has raised its full-year financial guidance for the first time in more than five years after the company increased prices on brands such as Hellmann's mayonnaise, helping it deliver sales growth of 7.2 per cent in the first quarter.The
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A Change in Tone for Ford Shareholders
Extract not available.
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Toyota's so-called tumble
NEW YORK (Fortune) -- Flag-waving American loyalists were heartened to see the announcement that Toyota's January-to-March profit sank 28%. It provided evidence that even mighty Toyota can't escape the Four Horsemen of the Apocalypse - the deadly
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Stocks fluctuate on retail sales reports
Wall Street wavered Thursday as investors sifted through sales figures from retailers that were generally not as gloomy as anticipated, but that still suggested that rising costs are causing consumers to alter their spending. Wal-Mart Stores Inc., for
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European Banks Stand Pat on Rates
PARIS ? The Bank of England and the European Central Bank left their interest rates unchanged on Thursday, as they sought to balance slowing growth with inflationary pressures. The British central bank kept its benchmark rate at 5 percent, having cut
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Warner Music quarterly loss widens
Warner Music Group on Thursday posted a wider-than-expected net loss in its fiscal second quarter and suspended a quarterly dividend in order to raise cash and cut its debt. The world's third largest music company, home to recording artists such
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Stocks head for higher open on sales reports
Wall Street headed for a modestly higher open Thursday as investors sifted through the first of retailers' April sales figures, trying to get a sense of how consumers are faring in a climate of economic weakness and rising costs. Wal-Mart Stores Inc.,
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Toyota Feels Slowdown in U.S.
TOKYO ? Toyota Motor said Thursday that the slowdown in the United States economy would likely cause its first annual profit drop in nine years, accelerating a shift by it and other Asian car manufacturers into emerging markets like China, Latin
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Gangmaster is stripped of licence
By Martin Shankleman Employment correspondent, BBC NewsThe workers were said to have been paid pennies per bunch of flowersA gangmaster has been stripped of his licence after investigators uncovered a 'disgraceful story of forced labour' amongst migrant
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Wal-Mart tops monthly sales forecast
NEW YORK (CNNMoney.com) -- Wal-Mart Stores on Thursday reported monthly sales at its stores that topped its own forecast. The No. 1 retailer said sales at its stores open at least a year, a key measure of retail performance known as same-store sales,
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Toyota profit tumbles on weak U.S. sales
TOKYO (AP) -- Toyota's profit for the January-March quarter dropped 28% from the previous year as a strengthening yen and lagging North American sales chipped away at the Japanese automaker's earnings. Toyota, the world's second biggest automaker after
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Taco Bell's not-so-green grilling machine
(Fortune) -- You knew you could help save the earth by installing energy-efficient light bulbs or swapping your gas guzzler for a hybrid. But have you heard that drinking Fiji Water and dining out at Taco Bell are supposed to be good for the planet, too?
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Sage's profits exceeds forecasts
Sage, the UK's largest listed software company, beat expectations with a 9 per cent rise in half-year sales, despite a poor performance at its US healthcare business. The company, which provides accounting and other business software for small companies,
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Carphone in 1.1bn US partnership
Carphone is not alone in experiencing tough High Street conditionsCarphone Warehouse is selling a half share in its retailing business to US firm Best Buy for 1.1bn. The deal is intended to create a powerful new force in UK and European electronics and
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