Osborne Denies 'Fiddling' Mini-Budget Figures

Autumn Statement's Important Bits Updated: 3:48pm UK, Wednesday 05 December 2012 By Ed Conway, Economics Editor The Autumn Statement is what the Treasury likes to call a "fiscal event", the rough translation of which is that although this isn't...

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Apple To Peel Mac Production Away From China

One of Apple's existing Mac lines will be built exclusively in the US next year, CEO Tim Cook has announced. He made the revelation in an interview with Rock Center's Brian Williams, who asked him: "Why can't you be a made in America company?"...

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IFS: Spending Cuts Warning After Mini-Budget

By Ed Conway, Economics Editor The Government's austerity plans involve slashing the majority of Government department budgets by a third, a leading think tank has warned. The Institute for Fiscal Studies said that in order to fulfil the plans...

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West Coast Rail Debacle 'Cost Taxpayers £50m'

Taxpayers face a "significant" bill over the botched West Coast rail franchise process, a report from a government spending watchdog has said. The Department for Transport's running of the West Coast bidding process lacked management oversight, with...

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Samsung And Apple Urged To Settle Disputes

Apple and Samsung have returned to court, as the iPhone maker defended the $1.05bn (£654m) awarded to it after Samsung was found to have infringed its patents. US district judge Lucy Koh said it was time for the rivals to settle their numerous disputes,...

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FSA Warns Banks On Bonus Culture

The City regulator has warned Britain's biggest banks that they need to demonstrate "a change in culture" when they unveil their bonus pots for 2012 in the new year, paving the way for one of the steepest reductions in payouts on record. I have learnt...

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Aston Martin Sells Stake To Investindustrial

Investindustrial has become a major shareholder in Aston Martin after buying a 37.5% stake of the business. The Italian private equity fund will inject £150m into the luxury carmaker, which is hoping to expand its model range and strengthen the dealership...

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Bank Staff 'Under Pressure To Sell', Which? Says

Staff at Britain's largest banks remain under pressure to sell products to customers, often regardless of whether they are appropriate, an investigation claims. Two thirds of bank staff with a sales role said there is now "more pressure than ever" to...

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Moon Trips: Ex-Nasa Team Sells $1.5bn Tickets

Former Nasa executives are launching a private firm to send people to the Moon - if they can afford the astronomical price. For $1.5bn (£933m), the Golden Spike Company is offering trips for two people, either to individuals or to countries, for research...

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Starbucks Tax Protest: Stores 'Shut Down'

Campaigners claim to have shut down a number of Starbucks' UK stores during protests over the coffee chain's tax arrangements. Activisit group UK Uncut had planned more than 40 demonstrations across the country, "transforming" shops into refuges, creches...

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