Galaxy Visions Group

Airlines may apply for U.S. and EU immunity

NEW YORK (Reuters) - American Airlines, British Airways and Iberia are set to announce on Thursday they are applying for antitrust immunity from competition authorities in the United States and Europe in order to form a trans-Atlantic joint venture, the Financial Times reported in its online edition.

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Airlines may apply for U.S. and EU immunity

Online ad spend overtakes mainstream TV

LONDON (Reuters) - Spending on online ads overtook advertising on mainstream TV in Britain last year, growing 40 percent to 2.8 billion pounds and accounting for 19 percent of all advertising, regulator Ofcom said.

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Online ad spend overtakes mainstream TV

HBOS may cut 425 jobs

LONDON (Reuters) - HBOS is to cut 425 jobs and shut down one of its five mortgage brands to new business in a cost-saving exercise, the Financial Times reported on Thursday.

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HBOS may cut 425 jobs

Oil rises as global stocks slip

NEW YORK (Reuters) - Oil prices rose on Wednesday on data showing an unexpected drop in U.S. fuel inventories, further undermining equity markets already reeling from signs of a slowing economy and persistent credit concerns.

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Oil rises as global stocks slip

UK online ad spend overtakes mainstream TV

LONDON (Reuters) - Spending on online ads overtook advertising on mainstream TV in Britain last year, growing 40 percent to 2.8 billion pounds and accounting for 19 percent of all advertising, regulator Ofcom said.

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UK online ad spend overtakes mainstream TV

Virgin Mobile USA 2nd-quarter profit halves

NEW YORK (Reuters) - Virgin Mobile USA Inc said on Wednesday its second-quarter profit fell 50 percent and revenue declined on slower customer growth and weaker cell phone usage by existing users amid the anaemic U.S. economy.

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Virgin Mobile USA 2nd-quarter profit halves

FTSE falls 1.6 percent on banks

LONDON (Reuters) - Britain’s FTSE 100 fell 1.55 percent on Wednesday as fears over more writedowns weighed on banks while firmer crude prices rekindled inflation worries, though miners offered some support.

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FTSE falls 1.6 percent on banks

Jobless claims posts biggest rise since 1992

LONDON (Reuters) - The number of people claiming jobless benefits rose in July by the largest amount since 1992 and unemployment looks set to climb further in the coming months as the economy grinds to a standstill.

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Jobless claims posts biggest rise since 1992

Bid target Lonmin has mine life of over 100 years

LONDON (Reuters) - South Africa-focused platinum producer Lonmin said its prospects were strong with a mine life of over 100 years and reiterated it would vigorously contest a $10 billion (5.3 billion pound) bid approach from miner Xstrata .

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Bid target Lonmin has mine life of over 100 years

Bank leaves door open for rate cut

LONDON (Reuters) - The Bank of England raised expectations on Wednesday of an interest rate cut possibly before the year-end as it forecast inflation falling below target in two years as the economy grinds to a standstill.

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Bank leaves door open for rate cut