Samsung Boss Wins Sibling Inheritance Battle

The boss of Samsung has won a bitter battle with his siblings over inheritance of South Korea's tech giant. Samsung Electronics chairman Lee Kun-Hee won a court ruling on Friday against demands from his siblings to hand over billions of dollars in shares...

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HMV Staff Use Twitter To Reveal Redundancies

HMV staff have used the company's Twitter account to reveal workers at the head office and other non-shop employees are being fired. The staff used the social media service to inform followers that 190 people were being made redundant. One staff member...

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Horse DNA: Burger King Dumps Irish Supplier

Burger King has issued full page newspaper apologies after discovering horse DNA in beefburgers from its supplier in Ireland. The fast food chain said sorry to customers as it confirmed it was cutting ties with Silvercrest, the food processing plant...

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FTSE 100 Has Best January Rise Since 1989

The FTSE 100 has had its strongest January for 24 years, with more than 6% of value added to Britain's top firms. The UK's blue chip companies have grown £96bn in the first month of trading - climbing at more than £3bn per day on the index. The growth...

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Barclays Boss Drops Bonus To 'Avoid Debate'

By Mark Kleinman, City Editor The new chief executive of Barclays is to waive his annual bonus amid continuing pressure on the bank over its involvement in a series of scandals. Antony Jenkins, who took over from Bob Diamond in August, said he...

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Taxi! Chinese Firm Saves British Icon

A Chinese company has rescued the maker of Britain's iconic black taxi and intends to sell them around the world. Privately-owned Chinese carmaker Geely has bought Coventry-based Manganese Bronze in a deal worth £11m. Geely previously owned a 20% stake...

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City Figures To Back New Tamara Mellon Brand

By Mark Kleinman, City Editor Tamara Mellon, the businesswoman who built Jimmy Choo into a globally-prominent fashion brand, is plotting a $25m comeback that will see her name adorning stores in leading cities around the world. Sky News can exclusively...

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Red Tape 'Strangling Youth Jobs Drive'

Attempts to get more than a million young people into work are being hampered by excessive bureaucracy and central government control, council leaders have claimed. The Local Government Association (LGA) says a new, more local approach to tackling youth...

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Twitter Hacked: Up To 250,000 Passwords Taken

Around 250,000 Twitter users may have had their accounts compromised by computer hackers. The social networking site said usernames, email addresses and encrypted passwords may have been taken during an "extremely sophisticated" attack on its systems....

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RBS Told To Pay Libor Fine From Bonus Pot

Chancellor George Osborne wants any fine paid by the Royal Bank of Scotland over the Libor scandal to come out of its bankers' bonuses. RBS, which is majority-owned by the taxpayer, is expected to agree a fine of £400-500m next week with US and British...

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