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| BBC News - Business |
| Vauxhall car plant 'saved by GM' Thu, 17 May 2012 07:46:38 GMT Workers at Vauxhall vote in favour of a new pay deal, clearing the way for owner General Motors to invest in the company's Ellesmere Port plant, securing 2,100 jobs. |
| UK housing market 'needs fixing' Thu, 17 May 2012 07:15:14 GMT Housing groups warn that problems in Britain's housing market are not being fixed, on the day that figures on new house building are due. |
| Some work schemes 'of no benefit' Wed, 16 May 2012 23:02:49 GMT A parliamentary committee questions the length and quality of some apprenticeships, saying six month programmes are of no real benefit. |
| French Connection in profit alert Thu, 17 May 2012 08:07:55 GMT Shares in French Connection fall as the fashion retailer issues a profits warning following a continued fall in sales. |
| PM: UK my priority in euro crisis Thu, 17 May 2012 08:18:58 GMT David Cameron is expected to say it is his job to keep the UK safe whatever the fate of the eurozone. |
| Spain set to pay more on bonds Thu, 17 May 2012 04:39:52 GMT Spain's borrowing costs look set to spike in a bond auction on Thursday, as the Greek crisis saps confidence in other indebted economies. |
| Rebuilding spurs Japan economy Thu, 17 May 2012 06:51:16 GMT Japan's economy grows by 1.0% between January and March compared with the previous three months, official figures show. |
| Chinese gold demand hits record Thu, 17 May 2012 06:40:55 GMT Chinese demand for gold hit a record in the first quarter of 2012 and it remains the world's biggest market for gold, the World Gold Council says. |
| Toshiba halts Japan TV production Thu, 17 May 2012 06:44:10 GMT Toshiba halts production of LCD televisions in Japan as demand drops, a spokesman confirms to the BBC. |
| Clinton Cards to close 350 stores Wed, 16 May 2012 16:57:59 GMT Retailer Clinton Cards, which is in administration, is to close almost half its stores across the UK, leading to the loss of almost 2,800 jobs. |
| Bank warns of euro crisis 'storm' Wed, 16 May 2012 16:09:44 GMT The Bank of England warns that the eurozone is "tearing itself apart" with the "storm" threatening the UK recovery, as it cuts its forecast for growth this year. |
| UK unemployment falls by 45,000 Wed, 16 May 2012 14:29:22 GMT UK unemployment fell by 45,000 to 2.63 million in the three months to March, according to the Office for National Statistics. |
| Facebook to sell 25% more shares Wed, 16 May 2012 16:23:57 GMT Facebook says it will sell 25% more shares than first planned in its forthcoming flotation in response to strong demand. |
| Flight delay payments move closer Wed, 16 May 2012 13:02:13 GMT Airlines are likely to be told they must pay compensation to passengers whose flights are delayed by three hours or more. |
| Fed wary of any US spending cuts Wed, 16 May 2012 19:07:08 GMT The Federal Reserve is worried about the impact on the US economy if government spending is cut sharply, minutes of its April meeting show. |
| Results delay hits Bankia shares Wed, 16 May 2012 16:10:26 GMT Shares in Bankia, the part-nationalised Spanish bank, fall more than 10% after it delays the release of its first quarter results. |
| Mortgage lending 'jumps in March' Wed, 16 May 2012 09:39:58 GMT There was a big rise in mortgage lending in March, as the stamp duty holiday for first-time buyers came to an end, lenders say. |
| Work days lost to sickness down Tue, 15 May 2012 10:05:44 GMT The number of working days lost to sickness fell again in 2011, the Office for National Statistics has said. |
| Child benefit changes 'flawed' Tue, 15 May 2012 08:39:31 GMT The government's planned changes to child benefit are "seriously flawed" and undermine the principle of individual taxation, accountants say. |
| Manufacturers 'need more support' Tue, 15 May 2012 23:00:24 GMT UK manufacturers want the government to offer more support rather than "empty rhetoric", a new survey by business advisers BDO says. |
| Greece pays bond swap hold-outs Tue, 15 May 2012 15:48:41 GMT Greece agrees to pay off some of the investors who rejected its bond swap earlier this year. |
| Eurozone economy avoids recession Tue, 15 May 2012 14:37:03 GMT The eurozone avoids returning to recession after recording zero economic growth in the first three months of the year, figures show. |
| Downturn hits Lola race car maker Wed, 16 May 2012 11:46:52 GMT Racing car maker Lola Cars applies for administration, blaming the economic downturn for a drop in trade. |
| Greggs renews 'pasty tax' fight Wed, 16 May 2012 09:27:25 GMT Greggs, the UK's largest bakery chain, blames wet weather for a drop in underlying sales and warns that the "pasty tax" could hit sales and profits. |
| SSE energy firm sees profits rise Wed, 16 May 2012 07:26:22 GMT Gas and electricity supplier SSE sees underlying profits rise 2% despite upheaval in the global energy market and economic uncertainty. |
| Tribunal rejects Rangers appeal Wed, 16 May 2012 21:56:34 GMT Rangers have their appeal against a year-long transfer embargo and a £160,000 fine rejected by a Scottish FA tribunal. |
| Olympic VIP tickets still to sell Wed, 16 May 2012 07:29:59 GMT Some 20% of hospitality tickets for the Olympic Games, which could set people back £4,500, are yet to be sold. |
| IPL suspends 'corrupt' players Tue, 15 May 2012 16:09:53 GMT India's cricket authorities suspend five IPL players who are being investigated for corruption after a sting by undercover TV reporters. |
| VIDEO: Greeks withdraw millions from banks Thu, 17 May 2012 05:47:01 GMT Savers in Greece have been withdrawing hundreds of millions of euros from Greek banks, amid fears the country may have to withdraw from the single currency. |
| VIDEO: Ad boss on Facebook's power Thu, 17 May 2012 01:36:12 GMT Sir Martin Sorrell explains to Rory Cellan-Jones the strengths and weaknesses of Facebook when it comes to advertising, as the company prepares to float on the stock exchange. |
| VIDEO: ECB's 1-trillion-euro bank rescue Thu, 17 May 2012 00:36:08 GMT Benoit Coueure, from the European Central Bank, has been speaking about their decision to provide a loan of more than a trillion euros to hundreds of banks. |
| VIDEO: 'It's taken a long time to find a job' Wed, 16 May 2012 11:15:03 GMT UK unemployment has fallen for the second month in a row. However, figures also show a record number of people working part-time who would rather be doing full-time jobs. |
| VIDEO: Eurozone 'storm' could threaten UK Wed, 16 May 2012 22:15:58 GMT The Bank of England has cut its growth forecast for this year to 0.8% from 1.2%, saying the eurozone "storm" is still the main threat to UK recovery. |
| AUDIO: Why do people invest in gilts? Wed, 16 May 2012 09:36:15 GMT David Miller, partner at Cheviot Asset Management and Ian Williams, Chairman of Charteris Treasury Portfolio Managers, discuss the pros and cons of bond yields. |
| VIDEO: Mervyn King has 'misjudged' eurozone Wed, 16 May 2012 21:24:39 GMT Steffen Kampeter, the German deputy Finance Minister has told Newsnight that the governor of the Bank of England Mervyn King has 'misjudged' the activities of the eurozone. |
| VIDEO: Life as a shoemaker is revealed Wed, 16 May 2012 05:15:25 GMT Newsbeat talks to a shoemaker's apprentice about an often overlooked career path. |
| The euro's survival 'requires political union' Thu, 17 May 2012 00:36:26 GMT The day the ECB saved the Eurozone's banks |
| How a Greek euro exit could affect you Wed, 16 May 2012 23:09:31 GMT How a Greek euro exit could affect you |
| How to ask for a pay rise Wed, 16 May 2012 23:10:03 GMT How to ask your boss for a pay rise |
| China's ageing economic time bomb Wed, 16 May 2012 23:31:58 GMT How an ageing population threatens China's economy |
| Swiss Army knife adapts to remain a cutting-edge tool Wed, 16 May 2012 23:26:03 GMT The Swiss Army knife had to adapt after the events of 9/11 |
| Dual identities of a princeling Wed, 16 May 2012 17:00:07 GMT The dual identities behind China's biggest political scandal in decades |
| Brazil's business labyrinth of bureaucracy Wed, 16 May 2012 23:09:15 GMT The red tape mountain facing new businesses |
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| Word of the day |
Merriam-Webster's Word of the Day for May 17, 2012 is:
maffick • \MAF-ik\ • verb
: to celebrate with boisterous rejoicing and hilarious behavior
Examples:
Fans mafficked for hours outside the stadium, celebrating the team's dramatic victory in the division championship.
"In half an hour, after the mildest of mafficking, the last visitors of the exhibition's last day had gone out of the gates and the staff began their final acts of closing up shop." — From an article in The Guardian (London), October 1, 2011
Did you know?
"Maffick" is an alteration of Mafeking Night, the British celebration of the lifting of the siege of a British military outpost during the South African War at the town of Mafikeng (also spelled Mafeking) on May 17, 1900. The South African War was fought between the British and the Afrikaners, who were Dutch and Huguenot settlers originally called Boers, over the right to govern frontier territories. Though the war did not end until 1902, the lifting of the siege of Mafikeng was a significant victory for the British because they held out against a larger Afrikaner force for 217 days until reinforcements could arrive. The rejoicing in British cities on news of the rescue produced "maffick," a word that was popular for a while, especially in journalistic writing, but is now relatively uncommon.