Business

June 21, 2011

Greece: Government to face vote of confidence

The Greek government is due to face a vote of confidence, a crucial first step towards gaining…

June 17, 2011

Capital One to buy ING online bank

Capital One says it plans to buy the US internet banking arm of ING in a move that will make…

June 17, 2011

Fashion firm Prada earns $2.1bn in Hong Kong share sale

Fashion house Prada has raised $2.1bn (£1.3bn) via its initial public offering on the Hong Kong stock exchange, the BBC has learned. But the shares were priced at the lower end of a target range, raising less than the maximum $2.6bn wanted. Prada…

June 17, 2011

Greece debt crisis sends financial markets falling

Financial markets have fallen on investors' concerns about the impact of Greece's economic crisis. London, Paris and Frankfurt's key share indexes were initially down more than 1%, although they recovered somewhat later in the day. The sell-off…

June 17, 2011

US current account deficit widens as oil imports rise

The US current account deficit rose 6.3% to $119.3bn (£74bn) in the first three months of the year, the Commerce Department has said. Strong exports of cars, computers and machinery were offset by imports, particularly of more expensive oil. The…

June 17, 2011

Blackberry firm misses its lowered forecasts

Research in Motion (RIM), which makes Blackberry phones, has missed even its lowered profit forecasts and lowered its predictions for the full year. RIM made a net profit of $695m (£430m) in the three months to 28 May, down from $769m in the same…

June 16, 2011

Digicel clarifies revenue performance

Digicel Group Limited, a provider of mobile and data storage services, has clarified its…

June 16, 2011

Hewlett Packard settles Oracle case over Hurd job

Computer maker Hewlett-Packard (HP) has settled a lawsuit brought against former boss Mark Hurd as it tried to stop him joining rival Oracle. Under the deal, Mr Hurd will give up about $30m (£19.3m) in HP shares he was given in his severance…

June 16, 2011

Online radio firm Pandora floats for $2.6bn in New York

The US internet radio service Pandora Media rose sharply on its debut on the New York Stock Exchange, before falling back. The firm, which has yet to make a profit, had an offering price of $16 (£9.76) a share. It rose as high as $26 a share on…

June 16, 2011

China’s property rating downgraded on tightening credit

Rating agency Standard & Poor's has downgraded its outlook for China's property market from stable to negative due to the country's tightening credit policy. The agency said as credit becomes more restricted there was a possibility of a downturn…