Asian stocks at 4 month high

May 18, 2008 on 10:27 pm | In Business News | No Comments

HONG KONG (Reuters) - Asian shares hit a new four-month high on Monday as a relentless rise in oil prices bolstered resource shares, but wariness about inflation and doubts about the U.S. economy kept gains in check.

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Asian stocks at 4 month high

Microsoft proposes alternative deal to Yahoo

May 18, 2008 on 9:34 pm | In Business News | No Comments

SEATTLE (Reuters) - Microsoft Corp said on Sunday it has proposed an alternative deal to Yahoo, rather than a full acquisition, in a move that could save the web pioneer from fighting a proxy battle with financier Carl Icahn.

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Microsoft proposes alternative deal to Yahoo

Record high property asking prices in May

May 18, 2008 on 7:15 pm | In Business News | No Comments

LONDON (Reuters) - Asking prices for property in England and Wales rose to a record high in May, a survey showed on Monday, with house price inflation accelerating despite expectations for a much weaker housing market this year.

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Record high property asking prices in May

Accountants survey says business confidence tumbles

May 18, 2008 on 7:09 pm | In Business News | No Comments

LONDON (Reuters) - Business confidence has fallen sharply across all sectors of British industry in recent months but a recession is still viewed as unlikely, according to the Institute of Chartered Accountants in England and Wales.

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Accountants survey says business confidence tumbles

EU licenses first pre-pandemic bird flu vaccine

May 18, 2008 on 7:05 pm | In Business News | No Comments

LONDON (Reuters) - European authorities have approved the first pre-pandemic bird flu vaccine, Prepandrix, from GlaxoSmithKline , its maker said on Monday.

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EU licenses first pre-pandemic bird flu vaccine

BAE says U.S. serves subpoenas on executives

May 18, 2008 on 9:16 am | In Business News | No Comments

LONDON (Reuters) - U.S. officials investigating arms deals by defence firm BAE Systems served subpoenas on several of its executives last week, the firm said on Sunday.

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BAE says U.S. serves subpoenas on executives

Garmin seen as mystery bidder for Raymarine

May 18, 2008 on 8:17 am | In Business News | No Comments

LONDON (Reuters) - Mobile navigation device company Garmin is the mystery bidder behind a takeover approach for Raymarine , the Sunday Telegraph reported, citing sources close to the deal.

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Garmin seen as mystery bidder for Raymarine

Cadbury, Thales plan to sell Camelot stakes

May 18, 2008 on 7:52 am | In Business News | No Comments

LONDON (Reuters) - Cadbury and Thales , two of the five shareholders in the National Lottery operator Camelot, plan to divest their stakes in the group, the Sunday Telegraph newspaper reported.

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Cadbury, Thales plan to sell Camelot stakes

Company developing nasal gel MRSA drug

May 18, 2008 on 7:27 am | In Business News | No Comments

LONDON (Reuters) - Researchers are working on a new drug, which is placed as a gel in the nose, that may offer new hope in the fight against the hospital superbug MRSA.

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Company developing nasal gel MRSA drug

British Land in talks to sell building to KIA-report

May 18, 2008 on 6:59 am | In Business News | No Comments

LONDON (Reuters) - British Land Co Plc is in talks to sell the Willis Building in London to the Kuwait Investment Authority (KIA) for as much as 400 million pounds ($780 million), the Financial Times reported at the weekend.

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British Land in talks to sell building to KIA-report

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