07.29.2012]blodic.us

Telegraph|blodic.us

HSBC to cut use of tax havens as chairman Douglas Flint says they have 'bad name'

HSBC will "significantly reduce" its use of tax havens, after the bank's chairman, Douglas Flint, says the use of these financial centres had got a "bad name".

Yahoo! 'makes bid for Hulu'

Just days after Yahoo! sealed its $1,1bn for Tumblr, the technology company has reportedly made a bid for Hulu, the online video site partly owned by News Corporation.

Oil majors face class action lawsuit over alleged price rigging

BP, Shell and Statoil have been named in a proposed class action lawsuit over alleged oil price rigging, following the launch of a European Commission investigation into the oil giants.

IEA warns Germany on soaring green dream costs

Germany's push for wind and solar and its retreat from nuclear power is driving electricity costs to untenable levels and destroying support for the green agenda, the International Energy Agency (IEA) has warned.

Maplin profits slump by a third

The electronics and gadgets retailer Maplin has seen profits fall by a third as the company battles challenging market conditions and invests in modernising its stores.

Fresh IT failure for RBS mobile app

Royal Bank of Scotland customers were unable to access their accounts through its mobile banking app on Friday morning following another IT failure.

Procter & Gamble brings back former CEO AG Lafley to revive growth

Fairy Liquid and Gillette razor maker Procter & Gamble (P&G) is bringing back former chief executive AG Lafley to run the company, as the world's largest consumer products maker tries to spur global growth.

Billionaire investor: 'Breastfeeding is reason why few women will make great traders'

Billionaire hedge funder Paul Tudor Jones has said women traders become "overwhelmed" by breastfeeding, which causes them to lose interest in careers.

Southern Europe slides back to 'analogue dark age'

A lack of digital investment and the shrinking number of local subsidiaries owned by large firms is sending Southern European states on a "backwards slide" to an analogue age, a new study has revealed.

Mortgage lending falls for unprecedented fourth month

Mortgage lending fell for an unprecedented fourth month running in April and companies repaid £2bn, as Britain's ongoing credit squeeze showed little sign of abating, figures from the BBA revealed.