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BBC Plans to Cut 2,000 Jobs, Drastically Reshape Programming

Buildings are reflected in a sign at British Broadcasting Corporation offices in central London
The British Broadcasting Corp. (BBC) said it will eliminate 2,000 jobs and drastically revamp programming in an effort to reduce costs by 20 percent over the next five years. The company plans to cut its budget by £670 million ($1 billion) per year.

ECB holds rates, new liquidity help eyed

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The European Central Bank kept interest rates on hold on Thursday as broadly expected and is expected to launch a set of fresh liquidity measures to help banks to weather the euro zone's worsening debt storm.
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Siemens Enterprise CEO says orders stabilizing

Siemens Enterprise Communications Inc, a provider of communications equipment and software to corporations, is seeing demand stabilize after a severe collapse in orders earlier this year, according to the company's chief executive officer.
A huge Euro logo is pictured past the headquarters of the European Central Bank (ECB) in Frankfurt, September 29, 2011.

Services data stir euro recession worry

The euro zone's services sector shrank for the first time in two years in September as new orders dried up, stoking fears that the region's economy could be heading back into recession.
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E.Africa gas rush eyed as Anadarko ups Mozambique

U.S. explorer Anadarko Petroleum Corp has raised its estimate of the amount of natural gas it has discovered offshore Mozambique by two thirds, lifting hopes that East Africa could become a major gas exporter.
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Plunging PMIs fuel recession fears

Private sector business activity shrank in the euro zone for the first time in two years last month as new orders dried up, stoking fears that the economy could be heading back into recession, surveys showed on Wednesday.
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Speeding universe work wins Nobel

The astounding discovery that the expansion of the universe is speeding up won the Nobel physics prize on Tuesday for three astronomers whose observations of exploding stars transformed our view of the world, and of how it may end.

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