News

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Business News from the BBC

BBC News - Business
The latest stories from the Business section of the BBC News web site.

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.

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.

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.

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.

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.

Toyota announces fresh car recall
     Toyota is recalling almost 430,000 vehicles in the US and Japan amid concern over steering problems.

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%.

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.

FSA tightens bankers' pay rules
     The Financial Services Authority announces plans to update its guidelines on bankers' pay, affecting 2,500 firms.

BSkyB profits on high definition
     Satellite TV group BSkyB reports a sharp jump in profits, driven by new subscriptions, particularly for high definition services.

California in 'fiscal emergency'
     California governor Arnold Schwarzenegger declares a fiscal state of emergency, putting pressure on lawmakers to pass a budget.

Scottish review warns of 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.

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.

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.

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.

Legal news from Clickdocs

Top Stories
News - Top Stories

Libel
     Easyjet founder wins damages

Equal rights
     Court rules on gay asylum seekers

Consumer protection
     Doorstep selling

Data protection
     Public authorities to face tougher sanctions

Property
     Commercial lease terms ruled on by court

Finance
     Budget hits universities

Equal rights
     Redevelopment comes under scrutiny

Personal injury
     Petting farm to be sued for e-coli infection

Data protection
     Kent police must take action

Retail figures
     High street sales fall again

Higher Education
     Fee rise will affect student numbers

Equal pay
     Scottish workers win case

Consumer credit
     Credit firms warned over jurisdiction

Children's hearings
     Scottish bill passes first stage

Data protection
     Action taken against IPCC

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