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  MTN bids double value of BEE deal

FindNews: Business - 5/12/2008 11:41:13 PM

As yet another suitor joins the ranks of bidders for MTN, black economic empowerment (BEE) investors who bought into Africa's largest cellular network operator at a 20 percent discount last


  Firm seeks leniency in price-fixing probe of tyre makers

FindNews: Business - 5/12/2008 11:40:40 PM

The competition commission has received an application for corporate leniency from a company that helped the commission with information in its investigation of price-fixing in the tyre industry.


  Analysts see benefits in Hewlett-Packard's bid for EDS

FindNews: Business - 5/12/2008 11:25:00 PM


  Clouds of doubt hang over Vought

FindNews: Business - 5/12/2008 11:19:00 PM


  Japan's Pioneer plans to cut 5 percent of workforce: media

FindNews: Business - 5/12/2008 9:23:42 PM

TOKYO (Reuters) - Pioneer Corp plans to slash nearly 5 percent of its workforce, or about 2,000 jobs, Japans Nikkei business daily reported on Tuesday, as the electronics maker restructures its


  Finmeccanica to buy DRS for $5.2 billion

FindNews: Business - 5/12/2008 9:06:34 PM

ROME (Reuters) - Italys Finmeccanica SpA reached a $5.2 billion deal to buy DRS Technologies Inc. securing itself a bigger presence in the growing U.S. defense market which accounts for half the


  AIG sees no need to honor ex-CEO request to delay AGM

FindNews: Business - 5/12/2008 8:56:54 PM

NEW YORK (Reuters) - Maurice Hank Greenberg, former chief executive of American International Group, has said the insurer is in crisis and urged a delay in its annual general


  U.S. victims of attacks in Israel sue Swiss bank

FindNews: Business - 5/12/2008 8:43:37 PM

NEW YORK (Reuters) - American victims of bombings and rocket attacks in Israel have sued Swiss bank UBS AG for more than $500 million, accusing the bank of helping fund the militants behind the


  Australia's Westpac bids $17.6 billion for St George

FindNews: Business - 5/12/2008 8:25:39 PM

SYDNEY (Reuters) - Westpac Banking Corp Ltd agreed to pay A$18.6 billion ($17.6 billion) in shares for smaller rival St George Bank Ltd in a tie-up that will create Australias largest bank by


  Finmeccanica confirms to bid $5.2 billion for DRS

FindNews: Business - 5/12/2008 8:08:33 PM

ROME (Reuters) - Italian aerospace company Finmeccanica Spa confirmed it is to make a friendly takeover bid worth $5.2 billion for DRS Technologies Inc of the United


  Eurozone finance ministers gang up on our champions

FindNews: Business - 5/12/2008 8:01:00 PM

WITHOUT financial services, epitomised in this country by the City of London, the UK economy would have been a deeply pedestrian place over the past decade. Love it or hate it, the industry has


  Knight Vinke tells HSBC to shed US loan arm

FindNews: Business - 5/12/2008 8:01:00 PM

HSBCS rebel shareholder Knight Vinke has renewed calls for the banking giant to sell its US consumer finance business, which specialises in sub-prime lending, after it incurred another $3.2bn


  Vodafone faces tough call in bid to expand

FindNews: Business - 5/12/2008 8:01:00 PM

The African market presents both opportunities and dangers for the mobiles group, says Dominic White.


  EU to launch assault on bankers' bonuses

FindNews: Business - 5/12/2008 8:01:00 PM

A group of key EU finance ministers will today launch an assault on the rewards earned by bankers and top managers in a move that poses a potential threat to the City of London.


  Bad news for Centrica consumers, but good news for investors

FindNews: Business - 5/12/2008 8:01:00 PM

Centrica was at pains yesterday to point out that its interim management statement was not a profits warning.


  Vodafone lines up Ghana stake

FindNews: Business - 5/12/2008 8:01:00 PM

Vodafone is in talks with the Ghanaian government about acquiring a majority stake in the countrys leading telecoms group as the UK group seeks to boost is presence in Africa.


  Treasury sidestep to avoid Uefa own goal

FindNews: Business - 5/12/2008 8:01:00 PM

Accountants and athletics bodies fears that attempts to tax foreign sports stars on their global income would prevent Britain being chosen to host top events prompted a Treasury about-turn.


  Largest care home provider's £8m loss

FindNews: Business - 5/12/2008 8:01:00 PM

Southern Cross, the UKs biggest private care home provider, made a loss before tax of £8.6m in the first half of the year despite seeing average fees rise 6pc.


  White Stuff dances to happier high street tune

FindNews: Business - 5/12/2008 8:01:00 PM

White Stuff, the casual clothing retailer, bucked the slowdown on the high street by unveiling strong sales growth as it looks for a minority investor to fuel its expansion plans.


  Centrica hit by gas price rise

FindNews: Business - 5/12/2008 8:01:00 PM

By Angela Monaghan


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