The Times Online
The latest business news from The Times and Sunday Times
Updated: 26 min 20 sec ago
Silver State joins the banking casualties in the US
Silver State, the Nevada-based bank that had John McCain's son on its board
until July, has become the eleventh bank in the United States to fail this
year after losses from souring house loans and land forced regulators to
shut it down.
Categories: Business and financial news
News Corp reaches for the Sky with takeover offer
News Corporation, the media group headed by Rupert Murdoch, confirmed this morning that it had made an offer to take full control of BSkyB, the satellite broadcaster in which it has a 39 per cent stake.
Categories: Business and financial news
China primes house tax to halt runaway prices
China is considering a wealth tax on homeowners as it grasps at new weapons to halt a frantic rise in property prices that many fear poses the biggest threat to the Chinese economy.
Categories: Business and financial news
Business big shot: Steve Wiener
It is a dilemma familiar to anyone still clinging to analogue radios or cathode-ray televisions: pay to go digital or wait until prices drop?
Categories: Business and financial news
Business briefing: old guard pin hopes on new media
Traditional media, from television to newspapers, is pinning its hopes for a recovery in advertising on mobile devices such as the iPad and on the spread of high-speed broadband.
Categories: Business and financial news
Row over bank card and credit card charges
Banks are making hundreds of millions of pounds a year and pushing up prices on the high street by levying “unjustifiably high” fees on credit and debit card sales, retailers will say today.
Categories: Business and financial news
Dana Petroleum acquires PetroCanada Netherlands
Dana Petroleum paid £270 million for PetroCanada Netherlands yesterday, it’s biggest-ever acquisition.
Categories: Business and financial news
Virgin ready for shoot-out with internet gaming giants
With titles such as Command and Conquer and Resident Evil, Virgin was regarded as one of the cooler geeks in computer games during the 1990s.
Categories: Business and financial news
Economy may never recover from banking crisis, warns OBR
The economy, more damaged by the banking crisis than previously admitted, will grow more weakly and may never fully recover, the new Office for Budget Responsibility (OBR) said yesterday.
Categories: Business and financial news
Cowdery goes it alone to cut banks’ fees
Clive Cowdery’s Resolution is close to securing a ground-breaking deal to slash investment bank underwriting fees on a rights issue to fund a £2.75 billion acquisition of Axa’s UK life business.
Categories: Business and financial news
FSA calls Sir Fred Goodwin to account over RBS unravelling
Sir Fred Goodwin has been summoned by the Financial Services Authority to answer questions about Royal Bank of Scotland’s management in the run up to its near-collapse in October 2008.
Categories: Business and financial news
‘A disloyal, dishonest, criminal cheat’ – bank boss denounces rogue trader
Jérôme Kerviel, the rogue trader accused of losing almost €5 billion, was denounced by a former boss as criminal, dishonest, disloyal and a cheat at his trial in Paris yesterday.
Categories: Business and financial news
Vantis shares suspended amid survival fears
The crisis surrounding Vantis, the AIM-listed accountancy firm, deepened today as the group asked for trading in its shares to be suspended amid doubts over its ability to survive.
Categories: Business and financial news
BP shares dive amid US senators’ £20bn escrow plan
Read how BP managers face years in jail and how America snubbed British offer of help with spill at The Times's new website
Categories: Business and financial news
TfL cashes in and checks out of Shard
Transport for London will abandon its plans to move into the Shard at London Bridge after a deal that allows the skyscraper’s owners to find tenants willing to pay a much higher rent.
Categories: Business and financial news
Shareholders plug into Grid fundraiser
Investors have given the thumbs up to the biggest rights issue by a British utility.
Categories: Business and financial news
Resolution in talks with AXA for life unit
Resolution, the insurance buyout vehicle, detailed its plans today to acquire the majority of AXA's £2.75 billion life assurance division.
Categories: Business and financial news
Vince Cable backs break-up of big banks
Vince Cable, the Business Secretary, has given official backing to recommendations that call for investment banks to be broken up.
Categories: Business and financial news
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