Yahoo! Ditching Chinese Email Service

Yahoo's Chinese arm is shutting down its email service later this year, highlighting the brand's diminishing profile in the country. China Yahoo! said it would close its email service by August 19, a move that will leave it with just its web portal...

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New Look Seeks Deal To Tackle £1bn Debt Pile

By Mark Kleinman, City Editor New Look, the fashion retailer, has proposed a deal to tackle its £1.1bn debt pile as it seeks to exploit the flagging fortunes of high street rivals such as Marks & Spencer. I have learnt that the company has...

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GSK Hit By 'Abuse' Claim By Consumer Watchdog

GlaxoSmithKline has been accused by the competition watchdog of paying off firms to delay the launch of cheap versions of its antidepressant treatment - in a move that denied the NHS "significant" cost savings. The Office of Fair Trading (OFT) has alleged...

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New Round Of Fuel Price Cuts For Motorists

Petrol: The Pump Price Conundrum Updated: 10:35pm UK, Wednesday 30 January 2013 By Ursula Errington, Business Correspondent So, the OFT says motorists aren't being ripped off, that the price of petrol on our forecourts is fair and isn't the result...

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Church Plans To Use Clout Over City Bonuses

The Church of England plans to use its £3bn voting clout to tackle excessive City bonuses as it seeks to reignite last year's "shareholder spring". The Church, which holds a significant amount of its £8bn assets as shares in companies, said it will...

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Osborne Issues Legal Challenge To EU Bank Tax

By Ed Conway, Economics Editor George Osborne has launched an unprecedented legal challenge against European plans for a financial transactions tax. The move, which will be seen as a further sign of fraying relations between the UK and the rest...

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Virgin Active Eyes £2bn David Lloyd Merger

By Mark Kleinman, City Editor Virgin Active is mulling a takeover bid for David Lloyd Leisure that would create a £2bn health and fitness empire, and entrench Sir Richard Branson as the industry's most important British stakeholder. I have learnt...

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Fitch Strips UK Of AAA Rating On Debt Outlook

Ratings agency Fitch has stripped the UK of its AAA rating, citing a "weaker economic and fiscal outlook". The agency placed the UK on an AA+ rating, following Moody's downgrade of UK debt in February. A Fitch statement said: "The downgrade of the...

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Google And Microsoft Report Soaring Revenues

Tech firms Google and Microsoft have reported strong quarterly growth amid shifting strategies for both. Google's core internet business net revenue grew 23% in the first quarter as profit climbed to $3.35bn (£2.2bn), despite a trend toward cheaper...

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George Osborne Urged To Rethink Economic Plan

Lagarde's Support For Osborne Updated: 4:29pm UK, Saturday 20 April 2013 By Ed Conway, Economics Editor A few weeks ago, eagle-eyed Twitter users would have noticed a rather unusual tweet from one household name to another. "Welcome to Twitter...

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