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UK housebuilders down on weak home prices, mortgage woes

Shares in British housebuilders fell sharply on Friday, with sector leaders skidding over 8 percent, as reports of falling house prices and liquidity problems at mortgage lender Northern Rock raised concerns over reduced home demand.

British mortgage bailout worries investors

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Wall Street grew anxious on Friday after news that Britain's central bank was forced to rescue mortgage lender Northern Rock, suggesting a global credit crisis was spreading.
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Stocks set to fall as credit worries flare up

Stock futures fell on Friday, suggesting Wall Street shares could open under pressure after British mortgage lender Northern Rock became the biggest UK casualty of the current liquidity squeeze.
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Cell phone use safe in the short-term

Cellular phones do not pose short-term health risks, but it remains too soon to say whether they can cause brain cancer or whether children face greater risks than adults, British scientists said on Wednesday.
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Yahoo wins exclusive ad deal for Bebo UK, Ireland

Yahoo Inc announced on Wednesday an exclusive partnership with Bebo to manage display advertising on the social networking Web site in Britain and Ireland, giving it access to more than 11 million sought-after users.
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McDonald's August sales top view, shares rise

McDonald's Corp. on Tuesday reported an 8.1 percent rise in August same-store sales, easily beating analysts' expectations on strong breakfast and beverage sales in the United States and extended store hours in China and Australia.
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L'Oreal challenges eBay over sale of fakes

L'Oreal, the world's largest cosmetics group, has launched legal action against eBay, alleging the online auctioneer does not do enough to combat the sale of counterfeits, the company said on Monday.
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China PR machine overwhelmed by safety crisis

China has been overwhelmed by the storm of criticism and level of interest in recent product safety problems, but it will be a good learning experience, a public relations executive said on Thursday.
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BoE holds rates, keeping eye on markets

The Bank of England kept official interest rates steady for a second month running on Thursday, and said it was keeping a close eye on financial markets to see how turmoil there would hit companies and consumers.
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European stocks, sterling fall after BoE, ECB

European shares fell and sterling slipped after the Bank of England said it was too early to tell how recent market turbulence would affect companies and households, and left interest rates on hold.
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Yahoo buys behavioral ad firm for $300 million

Yahoo Inc has struck a deal to buy BlueLithium, the fifth-largest U.S. online ad network, for $300 million in cash, in the latest move to consolidate the fast-growing behavioral ad targeting market.
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European shares fall ahead of data, banks down

European shares fell on Wednesday with financial stocks lower on renewed concern about the extent of the credit crisis. This offset gains in oil stocks while investors turned cautious ahead of U.S. economic data.
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Eurostar sets Paris-London train speed record

Eurostar set a new Paris to London rail speed record of just over two hours on Tuesday with the first train to use Britain's long-awaited high speed track at around 320 kilometers (about 199 miles) per hour.
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Barclays boosts shares with charm offensive

Shares in Britain's Barclays Plc, battered over the past two months, rose more than 3 percent on Monday after a weekend charm offensive helped further ease concerns over the bank's financial health.
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European shares up, led by banks, but utilities fall

European share indexes rose on Monday as remarks by executives of Barclays and Deutsche Bank eased fears of losses from the recent credit market turmoil, but utilities fell after news of a big French merger.
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Asian Stocks cool off after rally, yen subdued

Asian stock markets took a breather on Monday with Tokyo's Nikkei slipping on fresh concerns about the economy, and the yen traded in a small range in a session likely to be dulled by the U.S. Labor Day holiday.
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Scottish & Newcastle eyes rapid growth in Asia

Brewer Scottish & Newcastle Plc expects quick growth in India, China and Vietnam, with its ventures in these markets contributing a larger share of its overall revenue, a senior company official said.
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Virgin's Branson to shun thirsty 4-engined planes

Virgin Group boss Richard Branson said on Friday he would aim to avoid buying fuel-thirsty four-engined airplanes in future to curb fuel costs and the environmental impact of his fast-growing airlines.

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