Reuters: Business News

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09/02/2010 05:37 PM

Burger King agrees to be sold for $3.26 billion

LOS ANGELES/NEW YORK (Reuters) - Burger King Holdings Inc , the No. 2 U.S. fast-food chain, agreed to sell itself to investment firm 3G Capital for about $3.26 billion (2.11 billion pounds) in a deal analysts said would give the restaurant breathing room to fix its business.

09/02/2010 05:47 PM

ECB extends banks' liquidity lifeline into early 2011

FRANKFURT (Reuters) - The European Central Bank extended its liquidity safety net for vulnerable euro zone banks into next year, delaying its exit from crisis measures for now as it urged caution about the economic recovery.

09/02/2010 05:49 PM

House prices fall, construction growth cools

LONDON (Reuters) - House prices fell much faster than expected last month and construction activity slowed, industry surveys showed on Thursday, reinforcing concerns that economic growth will fall off sharply.

09/02/2010 05:49 PM

Bernanke takes blame for muddling message on Lehman

WASHINGTON (Reuters) - U.S. Federal Reserve Chairman Ben Bernanke said he was partly to blame for leaving the wrong impression that the central bank could have saved Lehman Brothers from failure in 2008.

09/02/2010 05:35 PM

FTSE ends up slightly; U.S. jobs data awaited

LONDON (Reuters) - The top share index closed a touch higher on Thursday after a lacklustre day of trading following a powerful advance the day before, with investors keeping their powder dry ahead of U.S. jobs data on Friday.

09/02/2010 06:03 PM

UK firms' pension liabilities hit new high - Aon

LONDON (Reuters) - Pension obligations of British companies have grown to "unprecedented" levels due to falling yields on government bonds, consultancy Aon warned on Thursday.

09/02/2010 06:54 PM

Data shows Ireland not in fiscal jeopardy - minister

DUBLIN (Reuters) - Irish budget data for the first eight months of 2010 published on Thursday showed commentary suggesting Ireland was in "fiscal jeopardy" was wrong, Finance Minister Brian Lenihan said on Thursday.

09/02/2010 06:09 PM

Spice bows to Cinven's raised £250 million bid

LONDON (Reuters) - A sweetened private equity takeover proposal worth almost 250 million pounds has won over Spice Plc , Britain's biggest supplier of water meters.

09/02/2010 07:00 PM

China digs for ways to stymie BHP's Potash Corp bid

MELBOURNE/HONG KONG (Reuters) - China is stepping up attempts to hamper BHP Billiton's $39 billion (25 billion pounds) hostile offer for Potash Corp , amid worries about future supplies of fertiliser it needs to rapidly boost food production.

09/02/2010 06:32 PM

Royal Bank of Scotland to cut 3,500 jobs

LONDON (Reuters) - Royal Bank of Scotland announced thousands of new job cuts on Thursday as the part-nationalised bank continues with its drive to trim costs and improve its profitability.

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