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BBC News - Business The latest stories from the Business section of the BBC News web site. 1. US economic growth slows to 2.4% US economic growth slowed between April and June, with GDP growing by an annualised rate of 2.4%, the US Commerce Department says. http://www.bbc.co.uk/news/business-10818058 Fri, 30 Jul 2010 14:48:09 +0000 2. Strikes and ash extend BA losses BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud. http://www.bbc.co.uk/news/business-10813680 Fri, 30 Jul 2010 11:22:45 +0000 3. Northwest agrees to pay $38m fine Northwest Airlines will plead guilty and pay a $38m fine for fixing air-cargo prices, the US justice department says. http://www.bbc.co.uk/news/business-10824257 Fri, 30 Jul 2010 19:45:44 +0000 4. Immigrant worker limit criticised Government plans to limit the number of skilled foreign workers allowed into the UK are criticised by the Lord Mayor of London. http://www.bbc.co.uk/news/business-10818245 Fri, 30 Jul 2010 17:31:13 +0000 5. Airbus firm EADS lifts output aim Airbus parent firm EADS says it is confident about future orders, despite reporting a fall in second-quarter earnings. http://www.bbc.co.uk/news/business-10820742 Fri, 30 Jul 2010 15:31:18 +0000 6. Royal Mail pension plan in doubt The Pensions Regulator is challenging a crucial plan to pay off the £10bn deficit in the Royal Mail pension scheme. http://www.bbc.co.uk/news/business-10819577 Fri, 30 Jul 2010 14:31:24 +0000 7. Fraud charges over £115m inquiry A businessman investigated by City of London police is facing 30 charges of fraud http://www.bbc.co.uk/news/business-10821820 Fri, 30 Jul 2010 16:28:54 +0000 8. Deadline for tax credits renewal Families face missing out on financial assistance if they miss Saturday's deadline to renew tax credits. http://www.bbc.co.uk/news/business-10815240 Fri, 30 Jul 2010 09:35:38 +0000 9. Disney sells Miramax film studios Walt Disney announces the sale of its Miramax film division for about $660m to a group of private equity investors. http://www.bbc.co.uk/news/business-10814344 Fri, 30 Jul 2010 10:16:58 +0000 10. Sale of EDF's UK networks agreed A consortium headed by Hong Kong billionaire Li Ka-Shing agrees to buy the UK networks of French power group EDF for £5.8bn ($9.1bn). http://www.bbc.co.uk/news/business-10813976 Fri, 30 Jul 2010 09:50:38 +0000 View Results alone

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</item> <item> <title>Fraud charges over £115m inquiry</title> <description>A businessman investigated by City of London police is facing 30 charges of fraud</description> <link>http://www.bbc.co.uk/news/business-10821820</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/business-10821820</guid> <pubDate>Fri, 30 Jul 2010 16:28:54 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48553000/jpg/_48553507_money_getty126.jpg"/> </item> <item> <title>Deadline for tax credits renewal</title> <description>Families face missing out on financial assistance if they miss Saturday's deadline to renew tax credits.</description> <link>http://www.bbc.co.uk/news/business-10815240</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/business-10815240</guid> <pubDate>Fri, 30 Jul 2010 09:35:38 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48542000/jpg/_48542912_007653739-1.jpg"/> </item> <item> <title>Disney sells Miramax film studios</title> <description>Walt Disney announces the sale of its Miramax film division for about $660m to a group of private equity investors.</description> <link>http://www.bbc.co.uk/news/business-10814344</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/business-10814344</guid> <pubDate>Fri, 30 Jul 2010 10:16:58 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48543000/jpg/_48543380_005199367-1.jpg"/> </item> <item> <title>Sale of EDF's UK networks agreed</title> <description>A consortium headed by Hong Kong billionaire Li Ka-Shing agrees to buy the UK networks of French power group EDF for £5.8bn ($9.1bn).</description> <link>http://www.bbc.co.uk/news/business-10813976</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/business-10813976</guid> <pubDate>Fri, 30 Jul 2010 09:50:38 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48541000/jpg/_48541884_003000972-1.jpg"/> </item> <item> <title>Benefits face 'radical' shake-up</title> <description>Merging all tax credits and benefits into a single payment is one option being considered by Iain Duncan Smith in a "radical" welfare shake-up.</description> <link>http://www.bbc.co.uk/news/uk-politics-10807098</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/uk-politics-10807098</guid> <pubDate>Fri, 30 Jul 2010 14:17:53 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48536000/jpg/_48536120_009798060-1.jpg"/> </item> <item> <title>Fugitive Nadir will stand trial</title> <description>Fugitive Polly Peck tycoon Asil Nadir, who fled to northern Cyprus in 1993, confirms he will come back to the UK to stand trail on theft charges.</description> <link>http://www.bbc.co.uk/news/uk-10819293</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/uk-10819293</guid> 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</title> <description>The billionaire co-founder of budget supermarket Aldi, Theo Albrecht dies, aged 88.</description> <link>http://www.bbc.co.uk/news/business-10795234</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/business-10795234</guid> <pubDate>Wed, 28 Jul 2010 17:07:01 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48524000/jpg/_48524635_009876252-1.jpg"/> </item> <item> <title>Fixed retirement age to be axed</title> <description>People reaching the age of 65 will no longer be forced to retire from October next year, under plans announced by the government. </description> <link>http://www.bbc.co.uk/news/business-10796718</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/business-10796718</guid> <pubDate>Thu, 29 Jul 2010 10:59:50 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48187000/jpg/_48187553_009664100-1.jpg"/> </item> <item> <title>House price inflation eases again</title> <description>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%.</description> <link>http://www.bbc.co.uk/news/business-10794461</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/business-10794461</guid> <pubDate>Thu, 29 Jul 2010 13:12:47 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48523000/jpg/_48523207_estateagent4getty.jpg"/> </item> <item> <title>Landmark ruling on divorce money</title> <description>A "ground-breaking" Court of Appeal judgement removes the protection previously given to thousands of people in divorce proceedings. </description> <link>http://www.bbc.co.uk/news/uk-10799640</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/uk-10799640</guid> <pubDate>Thu, 29 Jul 2010 16:51:29 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48517000/jpg/_48517716_000238850-1.jpg"/> </item> <item> <title>California in 'fiscal emergency'</title> <description>California governor Arnold Schwarzenegger declares a fiscal state of emergency, putting pressure on lawmakers to pass a budget.</description> <link>http://www.bbc.co.uk/news/business-10802119</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/business-10802119</guid> <pubDate>Thu, 29 Jul 2010 10:49:33 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48531000/jpg/_48531325_009769115-1.jpg"/> </item> <item> <title>Review warns of 60,000 job cuts</title> <description>Up to 60,000 people working in the public sector in Scotland could lose their jobs, according to an independent review commissioned by ministers.</description> <link>http://www.bbc.co.uk/news/uk-scotland-scotland-politics-10794298</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/uk-scotland-scotland-politics-10794298</guid> <pubDate>Thu, 29 Jul 2010 12:49:37 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48529000/jpg/_48529624_007520043-1.jpg"/> </item> <item> <title>China allows IMF report release</title> <description>China allows the publication of an International Monetary Fund staff report on its economy for the first time since 2006.</description> <link>http://www.bbc.co.uk/news/business-10805608</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/business-10805608</guid> <pubDate>Thu, 29 Jul 2010 14:54:51 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48193000/jpg/_48193763_009587586-1.jpg"/> </item> <item> <title>BP boss scaling back oil effort</title> <description>The incoming BP chief executive has said it is time to scale back some parts of the oil spill clean-up in the Gulf of Mexico. </description> <link>http://www.bbc.co.uk/news/world-us-canada-10822509</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/world-us-canada-10822509</guid> <pubDate>Fri, 30 Jul 2010 18:07:23 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48553000/jpg/_48553513_009837331-1.jpg"/> </item> <item> <title>Gambling firms reveal merger plan</title> <description>The UK's Partygaming and Austrian firm Bwin unveil plans to merge and create the world's largest online gaming business.</description> <link>http://www.bbc.co.uk/news/business-10807417</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/business-10807417</guid> <pubDate>Thu, 29 Jul 2010 15:10:10 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48536000/jpg/_48536720_bwin.jpg"/> </item> <item> <title>Citigroup agrees $75m fraud fine</title> <description>Banking giant Citigroup agrees to pay $75m to settle civil charges that it misled investors over potential losses from subprime mortgages.</description> <link>http://www.bbc.co.uk/news/business-10812128</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/business-10812128</guid> <pubDate>Thu, 29 Jul 2010 20:59:05 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48540000/jpg/_48540083_009886915-1.jpg"/> </item> <item> <title>ITV wins Rugby World Cup rights</title> <description>ITV successfully holds onto the UK TV rights for the next two Rugby World Cups, it is announced.</description> <link>http://www.bbc.co.uk/news/entertainment-arts-10793015</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/entertainment-arts-10793015</guid> <pubDate>Wed, 28 Jul 2010 16:45:26 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48521000/jpg/_48521029_48521031.jpg"/> </item> <item> <title>P&amp;G in London 2012 Olympics deal</title> <description>Consumer products giant Procter &amp; Gamble becomes the 11th big firm to sign an Olympics sponsorship deal covering London 2012.</description> <link>http://www.bbc.co.uk/news/business-10789998</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/business-10789998</guid> <pubDate>Wed, 28 Jul 2010 13:48:54 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48485000/jpg/_48485059_wenlock_getty66.jpg"/> </item> <item> <title>Extent of Barcelona debt revealed</title> <description>A new audit into Barcelona's finances reveals the club's debt is 442m euros (£369.5m) after a loss of more than 77m euros (£64.36m) last season.</description> <link>http://news.bbc.co.uk/sport1/hi/football/europe/8859257.stm</link> <guid isPermaLink="false">http://news.bbc.co.uk/sport1/hi/football/europe/8859257.stm</guid> <pubDate>Tue, 27 Jul 2010 13:49:43 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48504000/jpg/_48504891_barca2.jpg"/> </item> <item> <title>Iran trade sanctions hit Dubai port</title> <description>In Dubai's port area, the renewed clampdown by the US on trade with Iran is hurting many legitimate, local businesses.</description> <link>http://www.bbc.co.uk/news/business-10822296</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/business-10822296</guid> <pubDate>Fri, 30 Jul 2010 18:36:07 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48554000/jpg/_48554341_jex_767024_de27-1.jpg"/> </item> <item> <title>BP boss scaling back oil effort</title> <description>Incoming BP chief executive Bob Dudley has said it is time to scale back some parts of the oil spill clean-up in the Gulf of Mexico. </description> <link>http://www.bbc.co.uk/news/world-us-canada-10823929</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/world-us-canada-10823929</guid> <pubDate>Fri, 30 Jul 2010 18:46:21 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48555000/jpg/_48555239_jex_767065_de27-1.jpg"/> </item> <item> <title>Fuel protests: 'Three days from anarchy'</title> <description>Tom Feilden investigates whether the lessons on food security from the fuel protests 10 years ago have been learned</description> <link>http://news.bbc.co.uk/today/hi/today/newsid_8870000/8870066.stm</link> <guid isPermaLink="false">http://news.bbc.co.uk/today/hi/today/newsid_8870000/8870066.stm</guid> <pubDate>Fri, 30 Jul 2010 07:11:25 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48542000/jpg/_48542023_000152499-1.jpg"/> </item> <item> <title>Novel take on French home shortage</title> <description>Young French people having difficulty finding affordable housing are being given the chance to help older members of society and put a roof over their own heads.</description> <link>http://www.bbc.co.uk/news/world-europe-10813243</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/world-europe-10813243</guid> <pubDate>Fri, 30 Jul 2010 06:10:15 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48541000/jpg/_48541415_jex_766102_de28-1.jpg"/> </item> <item> <title>IDS: Welfare system 'close to breaking'</title> <description>Work and Pensions Secretary Iain Duncan Smith says welfare reform will be "humanizing" rather than "finger wagging"</description> <link>http://news.bbc.co.uk/today/hi/today/newsid_8870000/8870230.stm</link> <guid isPermaLink="false">http://news.bbc.co.uk/today/hi/today/newsid_8870000/8870230.stm</guid> <pubDate>Fri, 30 Jul 2010 08:05:08 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48542000/jpg/_48542445_009798053-1.jpg"/> </item> <item> <title>Iran sanctions: Turkey's dilemma</title> <description>Turkey is facing a difficult decision after the EU approved an embargo on foreign trade with Iran this week.</description> <link>http://www.bbc.co.uk/news/world-middle-east-10813337</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/world-middle-east-10813337</guid> <pubDate>Fri, 30 Jul 2010 08:27:25 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48541000/jpg/_48541726_jex_766130_de27-1.jpg"/> </item> <item> <title>US GDP figures show 2.4% growth</title> <description>The US economy grew 2.4% during the second quarter, according to figures published by the US government.</description> <link>http://www.bbc.co.uk/news/business-10814332</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/business-10814332</guid> <pubDate>Fri, 30 Jul 2010 08:32:33 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48541000/jpg/_48541903_jex_766147_de01-1.jpg"/> </item> <item> <title>Puerto Rico struggles in the downturn</title> <description>With nearly one in five people unemployed, the economic future looks bleak in Puerto Rico. </description> <link>http://news.bbc.co.uk/1/hi/programmes/world_news_america/8869592.stm</link> <guid isPermaLink="false">http://news.bbc.co.uk/1/hi/programmes/world_news_america/8869592.stm</guid> <pubDate>Thu, 29 Jul 2010 23:07:59 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48543000/jpg/_48543627_riotpolicepr.jpg"/> </item> <item> <title>Picking up Penguins for 75 years</title> <description>A colourful history of the famous book publisher</description> <link>http://www.bbc.co.uk/news/business-10794227</link> <guid isPermaLink="false">http://www.bbc.co.uk/news/business-10794227</guid> <pubDate>Fri, 30 Jul 2010 17:42:49 +0000</pubDate> <media:thumbnail width="66" height="49" url="http://news.bbcimg.co.uk/media/images/48539000/jpg/_48539578_farewelltoarms.jpg"/> </item> <item> <title>Hit by sanctions</title> <description>Black 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