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09/02/2010 04:26 PM

Dell walks away from 3Par bidding battle

Hewlett-Packard appeared to have won the bidding battle for data storage technology company 3Par after Dell said on Thursday it would not raise its offer and was ending talks

09/02/2010 06:09 PM

Oil rig explodes in Gulf of Mexico

An oil platform 80 miles offshore in the Gulf of Mexico exploded on Thursday, sparking a rapid search and rescue helicopter response that recovered 13 people, the US Coast Guard said

09/02/2010 05:24 PM

Bernanke regrets reticence on Lehman

Ben Bernanke, Federal Reserve chairman, expressed regret for not being “more straightforward” with Congress in 2008 when he avoided saying that the central bank had no means to save Lehman Brothers.

09/02/2010 06:50 PM

Trichet raises eurozone growth forecast

The European Central Bank said eurozone growth this year would be much stronger than previously expected, but betrayed worries about the outlook by warning that its forecasts could prove over-optimistic and extending into 2011 the supply of emergency liquidity to the region’s banks

09/02/2010 01:24 PM

Foreign companies ‘losing out’ in China

Foreign companies are losing market share in China across a broad range of industries because of discriminatory treatment by the government and regulators, according to the European Chamber of Commerce in China

09/02/2010 05:41 PM

Rally resumes after supportive US data

Traders are again adding to risky bets following a batch of supportive US data, though the mood is less ebullient than witnessed in Wednesday’s session

09/02/2010 05:56 PM

Petraeus backs Karzai over corruption

General David Petraeus, the head of US and Nato forces in Afghanistan, defended Hamid Karzai, the country’s president, after controversy over Kabul’s stance on corruption

09/02/2010 04:34 PM

US jobless data underscore weakness

New claims for jobless benefits in the US fell last week but still remain above the level economists say is necessary to create jobs

09/02/2010 03:21 PM

Burger King agrees $4bn sale to 3G Capital

Burger King has agreed to be acquired by 3G, an investment fund backed by three of Brazil’s foremost businessmen, in a deal valued at $4bn including debt

09/02/2010 01:15 PM

Flaming Ferraris force recall of 458 Italia

A division of Italy’s Fiat group is recalling all 1,248 cars of the 458 Italia model after reports that five of the supercars caught fire because of glue in the wheel-arch leaking on to the exhaust

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