Amazon.com said Thursday it will buy Audible, a digital audio books provider, for $11.50 a share as in move to expand the online retailer's audio downloads available to users.
The Financial Services Authority (FSA) has warned that more incidents of financial crime may come to light in 2008 and that resources could be diverted away from fighting financial crime, thanks to tighter economic conditions.
The United States, Sweden and Japan topped a new ranking that measures how well countries use telecommunications technologies - networks, cell phones and computers - to boost their social and economic prosperity.
Current Media Inc., a TV network and web site founded by U.S. Vice President Al Gore, filed papers for an initial public offering on the Nasdaq stock market worth as much as $100 million.
European and Asian stock markets fell on Monday as worries continue about a possible U.S. recession that could affect other leading markets. Asia's losses were led by China's Shanghai composite Index which plummeted to close down more than 7 percent, while the U.K.'s FTSE 100 was off 2 percent in early afternoon trading. U.S. stocks were set to open lower.
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Carlsberg and Heineken on Friday finally agreed a cash bid of 7.8 billion pounds ($15.3 billion) to buy and break up Scottish and Newcastle (S&N) to boost the Danish brewer's position in Russia and the Dutch group's presence in western Europe.
The Office of National Statistics (ONS) has released figures showing that UK GDP went up by 0.6 per cent in the last quarter of 2007.
European shares slipped 1.5 percent by midday on Wednesday as the afterglow of a hefty U.S. rate cut faded rapidly, replaced by concerns over bank writedowns and earnings downgrades.
Hedge funds with geared wrong-way bets in hot areas such as commodities and emerging markets are feeling the squeeze from market falls, but some top managers are using this opportunity to pick up stocks they like on the cheap.
According to a newspaper report, Sir Richard Branson's Virgin Group is in the process of making an improved offer for the ailing Northern Rock bank.
The U.K. government said on Monday it would assist in the sale of troubled mortgage lender Northern Rock to private buyers by guaranteeing bonds issued by the firm.
BHP Billiton has brought in more banks to help it find the $70 billion it needs to fund its planned takeover of Rio Tinto, Britain's Sunday Times newspaper reported.
An explosion killed a soldier from the NATO-led International Security Assistance Force (ISAF) in southern Afghanistan and wounded five others, the force said on Monday.
Churches across the world are able to sing the Lord's praises online after the launch of the first major digital hymn book on Thursday.
Debenhams Plc, the department stores group, has reported that total sales for the Christmas period rose 4.4 per cent more than the previous year.
Apple on Wednesday announced its move to reduce prices for music on its U.K. iTunes store so as to match the pricing in other European countries after an inquiry by a European Union on a pricing complaint from a British consumer group.
British music fans will pay less for downloads from Apple's online iTunes store after Apple Chief Executive Steve Jobs reached a deal with the European Commission.
President Mwai Kibaki's government accused rival Raila Odinga's party of unleashing genocide in Kenya on Wednesday as the death toll from tribal violence over a disputed election passed 300.
A mob torched a Kenyan church on Tuesday, killing villagers cowering inside, as the death toll from ethnic riots triggered by President Mwai Kibaki's disputed re-election soared to nearly 200.
Nokia has again pushed back the launch of its gaming service N-gage due to delays in software testing, a spokesman said on Thursday, in the latest blow to the Internet services ambitions of the world's top cell phone maker.
Oil rose to a one-month high above $96 a barrel on Wednesday ahead of a U.S. government report expected to show crude inventories in the world's top consumer fell for a sixth straight week.
