US Jobless Drops To Lowest Rate Since 2008

The jobless rate in the United States fell to 6.3% in April, its lowest level since September 2008. A total of 288,000 new jobs were created last month, more than a third up on the figure forecast by economists. The Labor Department said job creation...

12.06 | 0 komentar | Read More

Samsung Told To Pay Apple $119m In Patent Row

Samsung has been ordered to pay $119.46m (£70m) in damages to Apple after the South Korean company was found guilty of violating two patents on smartphone features. In the latest lawsuit involving the two tech giants, a jury in a federal court in San...

12.06 | 0 komentar | Read More

Twitter Stock Down 12% As It Posts $132m Loss

Twitter shares fell 12% on opening in New York on Wednesday after the social network's latest results disappointed investors. Shareholders were looking for stronger user growth than the company reported in its first quarter statement following the market...

12.07 | 0 komentar | Read More

Co-op Bank Review Sparks Pay Clawback Demand

The Main Findings Of The Co-op Bank Review Updated: 10:38am UK, Wednesday 30 April 2014 The review by Sir Christopher Kelly into what went wrong at the Co-operative Bank is summarised below: :: THE REVIEW The independent review was commissioned in...

12.07 | 0 komentar | Read More

UK Economy Grows 0.8% In First Quarter

The UK's economic recovery continued in the first quarter of 2014, with the first estimate of GDP growth coming in at 0.8%. The figure, while weaker than the 0.9% most economists had expected, meant that output was 3.1% higher than on the same period...

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WPP Boss Nets £29m After Share Payout

By Mark Kleinman, City Editor Sir Martin Sorrell's status as one of Britain's best-paid businessmen will be cemented on Wednesday when the company he founded discloses that he earned close to £30m last year. Sky News can reveal that Sir Martin,...

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Pfizer Confirms Bid Interest For AstraZeneca

AstraZeneca: The Key Statistics Updated: 10:51am UK, Monday 28 April 2014 American pharmaceutical giant Pfizer, which makes Viagra, has until May 26 to confirm its intentions in what could be Britain's biggest ever takeover. Here are some key statistics...

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Banks To Be Tested On 35% House Price Slump

By Mark Kleinman, City Editor Britain's biggest banks and building societies could be forced to raise billions of pounds of fresh capital unless they can demonstrate their ability to withstand a house price slump of roughly 35%. Sky News has learnt...

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HS2 Rail Link: MPs Set For Heated Debate

By David Crabtree, Midlands Correspondent Legislation paving the way for the construction of the controversial HS2 rail link will be debated by MPs in the House of Commons today. The second reading of the HS2 Hybrid Bill will see MPs discuss...

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Unemployed Face Work Scheme Or Sanctions

The long-term unemployed will only receive their benefits if they sign on at a jobcentre every day or commit to a six-month stint of voluntary work under the Government's new Help to Work scheme. Prime Minister David Cameron says the scheme is designed...

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Mortgage Lending Clampdown Comes Into Force

Homebuyers will face more scrutiny by mortgage lenders under new regulations which take effect today. The industry-wide changes affect home buyers and people looking to re-mortgage and they will mean that lenders have to take a much stronger interest...

12.07 | 0 komentar | Read More

Cable Drawn Into Row Over 'Russian' Oil Bid

By By Mark Kleinman, City Editor Vince Cable, the Business Secretary, has been drawn into a row about the controversial takeover of a London-listed oil group that is reliant on funds from one of Russia's largest banks. Sky News has seen a letter...

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