Tablet Boom Leaves Intel Out In The Cold

Intel, the world's largest computer chip-maker, has announced a plunge in profits and predicted weak sales ahead, partly as a result of its failure to break into the tablet market. The company said a weak global economy also combined to curb corporate...

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Energy Bills: Cameron Promises New Laws

Energy firms will be forced to give customers the cheapest available tariff under new laws, David Cameron has announced. Amid mounting concern about the soaring cost of power, the Prime Minister vowed to legislate to tackle the often-confusing array...

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BP Poised To Take 10% Of Russia's Rosneft

By Mark Kleinman, City Editor BP is poised to acquire a stake of more than 10% in Rosneft, the Russian state-owned oil giant, as part of a restructuring of its interests in the country. I understand that BP expects to receive a cash-and-shares...

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Benefits: Changes 'To Hit Disabled People'

Up to half a million disabled people and their families could be worse off under the new system of Universal Credit once it is fully implemented, according to a report. It suggested some people might even be forced out of their homes as a result of...

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RBS Quits Treasury's Asset Protection Scheme

RBS has said it will withdraw from a Government insurance scheme set up during the banking crisis to cover its riskiest loans. The bank said the Treasury had given it permission to opt out of the Asset Protection Scheme (APS) because its payments...

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Apple Supplier Foxconn Employs 14-Year-Olds

A company which makes products for tech giants Apple and Sony has admitted hiring children as young as 14 to work on its assembly lines in China. Foxconn, which builds gadgets including the iPhone and iPad, said it employed the underage workers as part...

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Part-Time Work Drives Britain To Record Employment

Official figures show employment has reached a new record high with the UK jobless rate falling to 7.9% despite the country being mired in recession. Upbeat figures of recent months, which came as something of a surprise, have led economists to question...

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Gatwick Airport Planning Second Runway

Gatwick Airport bosses have started to draw up detailed options for a new runway which could help resolve the UK's air capacity crisis. But Gatwick said it would honour a 1979 legal agreement that states no runway can be built at the West Sussex airport...

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Paul Tucker Warns Worst 'Might Not Be Over'

The Bank of England's (BoE) deputy governor has warned "the worst may still be ahead" for the UK's finance industry, as he urged banks to boost their capital defences. Paul Tucker - who is a front-runner for the job as BoE governor when Sir Mervyn King...

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Nike Cancels Lance Armstrong Contract

Nike has terminated its contract with former champion cyclist Lance Armstrong as he prepares to step down as chairman of his Livestrong cancer-fighting charity. Last week the US Anti-Doping Agency (Usada) released a massive report detailing allegations...

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