Apple Sued By Greenlight To Unlock Cash Pile

An influential investor in Apple has filed a law suit against the company in an attempt to unlock some of its $137bn (£87bn) cash pile. David Einhorn, the head of hedge fund Greenlight Capital, demanded Apple hand investors more of its cash, which makes...

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Chinese Data Boosts Economic Recovery Hopes

China's first official data of the year has shown signs of economic recovery, as exports, imports and new lending soared. Exports in January were up by 25% compared to a year earlier at $187bn (£119bn), and imports surged by over 28% to $158bn (£100bn)....

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British Albums Enjoy Record-Breaking US Sales

UK musicians had a record-breaking year in the American charts in 2012, according to figures from the British Phonographic Industry (BPI). British acts took a 13.7% share of stateside album sales, up from 11.7% the year before, recording four of the...

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Dreamliner: Airlines Warned Of Delay Risk

Boeing 787 Dreamliner Timeline Updated: 2:01pm UK, Friday 08 February 2013 The turbulent history of the Boeing 787 Dreamliner: Feb 8, 2013: Boeing confirms it has sent letters to airlines expecting imminent deliveries of possible delays. Feb 7, 2013:...

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HMV's Boss Made Redundant: Sky Sources

HMV: The Stores To Close Updated: 10:42am UK, Thursday 07 February 2013 The 66 stores identified for closure are: Ashton-under-Lyne, Ballymena, Barnsley, Bayswater, Belfast Boucher Road, Belfast Forestside, Bexleyheath, Birkenhead, Birmingham Fort,...

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McDonald's Global Sales Fall Again

Sales in January at established McDonald's restaurants around the world fell 1.9%, which was more than analysts expected. A rise of almost 1% in the US failed to compensate for sliding sales elsewhere. In Europe, sales fell by 2.1%, as the eurozone's...

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Lloyds Eyes Branches Float Amid Co-op Doubts

By Mark Kleinman, City Editor Millions of high street bank customers face further uncertainty amid growing concern that a takeover of more than 630 branches by the Co-operative Group will be abandoned. I have learnt that Lloyds Banking Group, which...

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EU Leaders Agree Historic Budget Deal

EU Budget: A Classic Compromise Updated: 6:21pm UK, Friday 08 February 2013 Accounting sleight of hand has been used to secure the approval of member states, while the EU institutions grumble on the sidelines. Germany hailed a "good and important"...

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Horsemeat: Schools And Hospitals To Be Tested

Meals in schools and hospitals will be tested for horsemeat as part of a nationwide probe into processed beef products, the Environment Secretary has told Sky News. Speaking ahead of an emergency summit with food producers, supermarkets and health officials,...

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Google's Eric Schmidt In Big Share Sell-Off

Google's Executive Chairman Eric Schmidt plans to sell roughly 42% of his stake in the internet company over the next year. The 57-year-old will get rid of 3.2 million shares which - if sold at current prices - would mean a $2.5bn (£1.58bn) windfall....

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