Wikio - Business

Bush drops opposition to housing bill (Financial Time)

Wed, 23 Jul 2008 13:21:00 GMT

President George W. Bush has dropped his opposition to legislation that aims to calm the chaotic housing market despite his opposition to a $3.9bn provision, the White House said

Source : Financial Time (subscribe)

Explore : George W. Bush, USA, US President

Manufacturing sector may lose 36,000 jobs (Times Online)

Wed, 23 Jul 2008 13:58:23 GMT

The manufacturing sector could lose 36,000 jobs over the rest of the year, the CBI predicted today, after its latest survey showed industrial companies’ confidence was plunging in the face of soaring costs and weakening orders.

Source : Times Online (subscribe)

Explore : Confederation of British Industry

Tiscali accuses BT of defamation (Times Online)

Wed, 23 Jul 2008 13:42:49 GMT

Tiscali, the Italian broadband operator currently up for sale, is suing BT for “defamation and malicious falsehood” after the telecommunications group wrote to Tiscali’s customers trying to persuade them to switch to BT’s broadband service.

Source : Times Online (subscribe)

Explore : BT Group, Telecommunication Companies

Bush drops veto to housing bill (BBC News)

Wed, 23 Jul 2008 16:48:21 GMT

The White House says President George W Bush has dropped opposition to a housing bill that could boost the US economy.

Source : BBC News (subscribe)

Explore : George W. Bush, USA, US President

Shares boost for Moneysupermarket (Manchester Evening News)

Wed, 23 Jul 2008 16:40:32 GMT

SHARES in Moneysupermarket.com leapt more than 40 per cent today after the price comparison website said its chief executive Simon Nixon had reeceived a bid approach.

Source : Manchester Evening News (subscribe)

George W Bush: Wall Street 'got drunk' and now has a hangover (The Telegraph)

Wed, 23 Jul 2008 16:19:35 GMT

US President George W. Bush has claimed that Wall Street "got drunk" in the run-up to the credit crisis and now has "got a hangover."

Source : The Telegraph (subscribe)

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Smokers give Philip Morris 23% profit jump (Times Online)

Wed, 23 Jul 2008 15:36:06 GMT

Philip Morris International, the former non-American unit of Altria, the group behind Marlboro cigarettes, reported a better-than-expected 23 per cent jump in second-quarter profits.

Source : Times Online (subscribe)

GSK signs alliance with low-cost drugs group (Times Online)

Wed, 23 Jul 2008 15:27:25 GMT

GlaxoSmithKline (GSK), Europe’s largest drugmaker, moved into the branded generics market today through an alliance with Aspen Pharmacare Holdings, the South African group.

Source : Times Online (subscribe)

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Audio slideshow: Antique roadshow (Financial Time)

Wed, 23 Jul 2008 15:24:00 GMT

Ford is putting its troubles to one side this week to celebrate the centenary of a product that, one can safely say, changed the world – the Model-T Ford. Bernard Simon visits the Model-T birthday party in Richmond, Indiana and looks back at the history of an American classic.

Source : Financial Time (subscribe)

Glaxo unveils plan to diversify (BBC News)

Wed, 23 Jul 2008 15:15:41 GMT

Global drugs giant GlaxoSmithKline wants to broaden its product base as it grapples with tough competition from generic drug makers

Source : BBC News (subscribe)

Suntrust dumps Coke shares but keeps recipe (Times Online)

Wed, 23 Jul 2008 15:12:29 GMT

The bank that holds the top secret recipe for Coca-Cola in its vault in Atlanta, Georgia has been forced to sell its stake in the US soft drinks bottler to bolster its balance sheet.

Source : Times Online (subscribe)

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Downturn and Europe boost McDonald's profit (Times Online)

Wed, 23 Jul 2008 15:06:53 GMT

McDonald’s, the world's largest restaurant chain, announced better-than-expected profits for the second quarter, thanks to the economic downturn and the growing appetite of Europeans.

Source : Times Online (subscribe)

Explore : iPod, McDonald's, Restaurants and Bars

Credit union rules to be reformed (BBC News)

Wed, 23 Jul 2008 14:57:26 GMT

Measures to strengthen the finances of credit unions are set to be brought into force by the government next year

Source : BBC News (subscribe)

Moneysupermarket rejects bid approach (Times Online)

Wed, 23 Jul 2008 14:31:24 GMT

Shares in moneysupermarket.com, the price comparison website, today soared by 45 per cent after it admitted it had received, and subsequently rejected a takeover approach.

Source : Times Online (subscribe)

Explore : iPod

Oil price is reaching tipping point, says Lehman (The Telegraph)

Wed, 23 Jul 2008 14:28:55 GMT

The price of crude oil is approaching a tipping point, investment bank Lehman Brothers warned today, as it slashed its forecasts for demand growth next year.

Source : The Telegraph (subscribe)

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Abu Hamza loses US extradition bid (Financial Time)

Wed, 23 Jul 2008 13:13:00 GMT

Radical Muslim cleric Abu Hamza al-Masri lost a legal bid to block his extradition from Britain to the United States where he is accused of trying to set up an al Qaeda camp and faces other terrorism charges

Source : Financial Time (subscribe)

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HBOS shares climb on BBVA takeover talk (The Telegraph)

Wed, 23 Jul 2008 13:04:06 GMT

HBOS, which owns Halifax and Bank of Scotland, has seen its shares jump on the back of takeover rumours and hopes of a broad recovery across the financial sector.

Source : The Telegraph (subscribe)

New Northern Rock boss appointed (BBC News)

Wed, 23 Jul 2008 12:41:13 GMT

Northern Rock appoints Barclays vice chairman Gary Hoffman as its new chief executive as the final member of the original board leaves.

Source : BBC News (subscribe)

HSBC may extend deadline to secure Korean deal (Times Online)

Wed, 23 Jul 2008 12:25:34 GMT

HSBC is poised to extend the deadline on its £3 billion bid for Korea Exchange Bank (KEB) before the deal falters and fails to plug a gap in its Asian business portfolio.

Source : Times Online (subscribe)

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HBOS shares jump on bid rumours (BBC News)

Wed, 23 Jul 2008 11:08:18 GMT

HBOS shares rise 10% on rumours the UK's biggest mortgage lender may be a takeover target for Spain's BBVA.

Source : BBC News (subscribe)