US New Jobs At Lowest Level For Nine Months

US Jobs Figures Are Deeply Worrying Updated: 4:04pm UK, Friday 05 April 2013 By Ed Conway, Economics Editor Americans are dropping out of the jobs market, and fast. That's the depressing takeaway from today's non-farm payroll report. The overall...

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HMV Rescue Saves 141 Stores And 2,500 Jobs

By Mark Kleinman, City Editor HMV's future as a high street retailer has been salvaged in a £50m deal that secures 2,500 jobs on Britain's beleaguered high streets. Hilco, a restructuring firm, confirmed on Friday morning that it had struck an...

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Food Prices Set To Soar After Big Freeze

By Emma Birchley, East of England Correspondent Months of heavy rain followed by extreme cold are set to hit harvests and push the price of the weekly shop up ever higher. More than a quarter of winter wheat could not be planted last autumn because...

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HBOS Bank Bosses Life-Ban Call In Report

Exclusive: Ex-HBOS Banker Gets Ban Updated: 8:00pm UK, Wednesday 12 September 2012 By Mark Kleinman, City Editor One of the former executives who led HBOS to the brink of collapse in 2008 is to be hit with a massive fine and a lifetime ban from...

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HMV Rescue: Hilco Deal To Save Jobs And Shops

By Mark Kleinman, City Editor HMV, Britain's last remaining independent music retail chain, is on the verge of being rescued in a £50m deal that will preserve 2,500 jobs. Hilco, the specialist restructuring firm, is poised to sign a binding agreement...

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HP Chairman Raymond Lane Resigns Amid Woes

The chairman of Hewlett-Packard is to resign amid a shakeup of the board of directors at the struggling US computer giant. Non-executive chairman Raymond Lane was re-elected to the board last month with less than 60% of shareholder votes. He will be...

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Boeing's Dreamliner: IAG Orders More Planes

Boeing 787 Dreamliner Timeline Updated: 8:24am UK, Thursday 04 April 2013 The turbulent history of the Boeing 787 Dreamliner: Apr 3, 2013: Company says it has completed more than half of its battery tests Mar 25, 2013: Boeing says its first test...

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Triple-Dip Fears Ease With Upbeat PMI Survey

Britain's services sector recorded its strongest expansion in seven months in March, helping to ease fears of a pending triple-dip recession. The main Markit/CIPS Purchasing Managers' Index (PMI) for the dominant service sector climbed to 52.4 in March...

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Rogue Trader Admits $8.3bn Goldman Sachs Fraud

A rogue trader has pleaded guilty to defrauding Wall Street giant Goldman Sachs with unauthorised trades totalling $8.3bn (£5.5bn). Ex-Goldman trader Matthew Taylor admitted that he exceeded internal risk limits and lied to supervisors to cover up his...

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Vodafone Shares Open Down As Deal Denied

Verizon Communications has denied speculation that it was preparing to bid for Vodafone - either alone or with others. It comes after speculation that the US telecommunications company would pair-up with its biggest rival AT&T to buy out the British...

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Barclays 'Must Learn' From Culture Review

Barclays has revealed that an internal review of its former business practices makes for "uncomfortable reading in parts". ...

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SSE Fined £10.5m By Ofgem Over Mis-Selling

Energy provider SSE has been fined £10.5m by industry watchdog Ofgem for repeated mis-selling to householders. The regulator said the proposed penalty is the largest it has made against an energy firm. It relates to failures at "every stage" of the...

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Bank Of England Powers Increase Amid Overhaul

The Bank of England is to become one of the world's most powerful central banks as the biggest overhaul of financial regulation for 16 years takes effect. Sweeping changes are undoing the system set up by former Prime Minister Gordon Brown when he was...

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Apple Says Sorry Over China Customer Service

Apple's chief executive has been forced to apologise for its after-sales service in China following weeks of criticism in the country's media. Government-controlled media across the country had attacked the technology giant's "arrogance" and accused...

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PRA Covers Cypriot Deposits In UK Accounts

Britain's new banking watchdog has said that local deposits in an ailing Cypriot bank would be transferred and given protection for up to £85,000. The Bank of England's new Prudential Regulation Authority (PRA) said UK deposits in the Cyprus Popular...

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Cyprus Bank Deposits 'To Lose 60% Of Value'

Savers with more than 100,000 euros in the Bank of Cyprus could lose up to 60% of their deposits, two senior officials have warned. The Central Bank official and the Finance Ministry technocrat said sums held at the country's largest lender will ...

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Cyber Currency Surge Amid Eurozone Crisis

By Siobhan Robbins, Sky News Reporter As the eurozone is rocked by the crisis in Cyprus, a cyber currency called Bitcoin has seen a surge in popularity from people looking for an alternative place to invest their money. Bitcoins are basically virtual...

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Bank Of England Powers Increase Amid Overhaul

The Bank of England is to become one of the world's most powerful central banks as the biggest overhaul of financial regulation for 16 years takes effect. Sweeping changes are undoing the system set up by former Prime Minister Gordon Brown when he was...

16.01 | 0 komentar | Read More

Post Office Staff On Strike Over Closures

Thousands of staff in the country's biggest post offices are striking in a row over jobs, pay and closures. Members of the Communication Workers Union (CWU) in around 370 so-called Crown offices were mounting picket lines in protest at plans to close...

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Cyprus Bank Deposits 'To Lose 60% Of Value'

Savers with more than 100,000 euros in the Bank of Cyprus could lose up to 60% of their deposits, two senior officials have warned. The Central Bank official and the Finance Ministry technocrat said sums held at the country's largest lender will ...

16.01 | 0 komentar | Read More

Cyber Currency Surge Amid Eurozone Crisis

By Siobhan Robbins, Sky News Reporter As the eurozone is rocked by the crisis in Cyprus, a cyber currency called Bitcoin has seen a surge in popularity from people looking for an alternative place to invest their money. Bitcoins are basically virtual...

16.01 | 0 komentar | Read More