Jul 31

Credit rating firms could be banned or prosecuted under draft EU law aimed at making them more accountable.

Jul 31

The mobile phone giant surprises investors by increasing its sale of handsets in the second quarter of the year.

Jul 31

Oil giant Exxon Mobil breaks its own record for the highest ever quarterly profit by a US company but its shares fall.

Jul 31

Employers are to be banned from using tips to "top up" pay to minimum wage levels, under government plans.

Jul 31

Motorola, the biggest mobile phone maker in the United States, returned to profit in the second quarter, selling more handsets than expected and narrowly retaining its place as the world's third-ranked mobile maker, ahead of LG Electronics.

Jul 31

US GDP grew at a slower rate than expected in the second quarter as the worst housing market since the Great Depression, combined with rising unemployment, undercut the impact of more than $100 billion of government tax rebates to US consumers.$

Jul 31

BP suffered another blow today in its battle with a quartet of billionaires for control of the Anglo-Russian oil company TNK-BP when a court in Siberia ruled that a list of nominees to the board of TNK-BP's main operating unit, TNK-BP Holding, was illegal.

Jul 31

Starbucks, the global coffee giant, has announced its first loss since 1992 after the cost of closing 600 store closures pushed it $6.7 million ($£3.36 million) into the red during the third quarter.

Jul 31

Deutsche Bank, Germany's biggest lender, today reported a 64 per cent fall in net profit after writing down €2.3 billion (£1.8 billion) during the second quarter.

Jul 31

Inflation in the euro area rose to 4.1% in July but rising unemployment may mean interest rates are kept on hold.

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