Apple President Steve Jobs reiterated his commitment to charging the same price for iTunes downloads across Europe as his lawyers defended the company on Wednesday against allegations its prices are not uniform.
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British insurer Standard Life said on Wednesday it was considering the possibility of making a cash and shares offer for rival Resolution, which has already agreed to merge with Friends Provident.
The Fed's "emergency" interest rate cut has reignited concerns that offering cheaper money as a solution to problems rooted in excessive lending and mispriced assets merely stores up problems for the future.
Shares in embattled British bank Northern Rock tumbled 20 percent to an all-time low on Wednesday as speculation of a cut-price takeover bid combined with stake sales from two investors stoked concerns over its future.
Banks have always lent out more than their clients have on deposit but just once in a while savers lose trust and demand all their money back, exposing one of the optical illusions at the heart of finance.
Apple Inc. will start selling its popular iPhone smart-phone in the U.K with the Spanish-owned service provider O2, bringing the firm's highly-coveted device to Europe for the first time.
Alisher Usmanov's $40 million donation to keep an art collection in Russia is an irreversible decision, he says.
Everything is being done to maintain the stability of the British economy after a bank crisis, Prime Minister Gordon Brown said on Tuesday.
Their helicopters buzz through the Baghdad sky, their patrols bristle with the latest weaponry and their armored vehicles carry the latest hi-tech gadgets.
Commerzbank is bracing itself for a higher-than-predicted loss from investments related to risky U.S. mortgages that is set to knock a hole in profits, sources familiar with the matter told Reuters.
U.S. stocks rose on Tuesday after forecast-topping earnings from Lehman Brothers Holdings Inc calmed investors' fears about the recent credit turmoil as investors anticipated an interest rate cut.
Embattled British bank Northern Rock said a majority of customer calls it had received on Tuesday were to reinvest money in accounts, and queues for cash withdrawal were considerably down from past days.
The dollar steadied above last week's record lows versus the euro on Tuesday as investors chose to hold fire ahead of a widely-expected Federal Reserve interest rate cut.
Britain will guarantee all existing deposits at embattled mortgage bank Northern Rock, finance minister Alistair Darling said on Monday.
Major handset vendors have much more to gain than to lose from the buzz Apple Inc's coveted iPhone will create when it arrives in European stores for the key shopping season ahead of Christmas.
It could be due the climate, the large number of students or the ethnic mix of the people who live there, but whatever the reason London and Toronto have the highest number of Facebook users.
Spanish-owned mobile phone operator O2 secured a deal to sell the iPhone in Britain after agreeing to give Apple 40 percent of the revenues it will make from customers using the device, the Guardian said.
Gold rose on Monday and stayed within sight of a 16-month high of $717 an ounce struck last week with expectations running high for the U.S. Federal Reserve to cut interest rates.
Stocks fell on Monday as savers demanded their money back from embattled British bank Northern Rock, adding to global credit concerns before an expected U.S. interest rate cut this week.
Dutch bank ABN AMRO NV reiterated its 2007 earnings per share target of 2.30 euros ($3.19) on Monday despite current market turmoil and said it has very limited exposure to the subprime market.
All options will be considered to save embattled bank Northern Rock, British finance minister Alistair Darling said on Monday as fears of a crisis threaten to spoil Prime Minister Gordon Brown's first year in power.
