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BA execs said to face price-fixing charges

LONDON (Reuters) - Four past and present British Airways executives will be charged with fixing the price of passenger fuel surcharges on transatlantic flights, the Financial Times reported on Saturday.

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BA execs said to face price-fixing charges

U.S. regulators seize two more banks

WASHINGTON (Reuters) - U.S. regulators took over two banks on Friday and sold them to Mutual of Omaha Bank, the sixth and seventh bank failures this year as financial institutions struggle with a housing bust and credit crunch.

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U.S. regulators seize two more banks

Oil hits 7-week low on faltering demand

NEW YORK (Reuters) - Oil dropped $2 to a fresh seven-week low on Friday, extending a decline that has knocked more than $23 off crude in …

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Oil hits 7-week low on faltering demand

Ryanair gives Alitalia the finger

ROME (Reuters) - Italy has accused Ryanair of employing a “vulgar and offensive” ad against rival airline Alitalia that made it look as if an Italian cabinet minister was giving passengers the finger.

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Ryanair gives Alitalia the finger

Sanofi to buy vaccine maker Acambis

LONDON (Reuters) - Sanofi-Aventis agreed on Friday to buy British vaccine maker Acambis for 276 million pounds, in a deal that underscores big drug companies’ hunger for biotech assets.

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Sanofi to buy vaccine maker Acambis

FTSE closes lower as banks and insurers weigh

LONDON (Reuters) - The blue-chip index ended 0.2 percent lower on Friday, as banking and insurance stocks fell on a gloomy economic outlook, outweighing gains in commodities and …

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FTSE closes lower as banks and insurers weigh

Acambis agrees bid from Sanofi Pasteur

LONDON (Reuters) - Vaccine maker Acambis said on Friday it had agreed to a takeover offer from Sanofi Pasteur that values the British company at around 276 million pounds.

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Acambis agrees bid from Sanofi Pasteur

Europe stocks dip as profit warnings eclipse data

PARIS (Reuters) - European stocks ended slightly lower on Friday, after a flurry of better-than-expected U.S. economic data failed to eclipse a profit warning by Munich Re that knocked insurers lower.

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Europe stocks dip as profit warnings eclipse data

Deutsche Bank economist sees bank pain

NEW YORK (Reuters) - U.S. and European bank write-downs and losses will likely stretch out over the next nine months, expanding beyond problem mortgages to other …

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Deutsche Bank economist sees bank pain

HBOS cuts mortgage rates

LONDON (Reuters) - HBOS, Britain’s biggest mortgage lender, said it is cutting rates on some of its home loans, the third time it has reduced borrowing costs this month.

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HBOS cuts mortgage rates