General Motors Fined $35m For Recall Delay

The US government has fined General Motors the maximum $35m (£21m) for delayed recalls of vehicles with faulty ignition switches. Thirteen people died in crashes linked to the problem, the company says, but lawsuits put the actual death toll at...

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Co-Op Vote On 'Slimmed-Down' Restructure

The future of the struggling Co-op group is to be decided today as radical reforms are voted on at its annual general meeting. Former City minister Lord Myners has proposed a major shake-up of the 150-year-old business which reported losses of...

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Dixons And Carphone Warehouse Merger Agreed

Dixons Carphone Eyes The World Of Future Tech Updated: 11:53am UK, Thursday 15 May 2014 By Tom Cheshire, Technology Correspondent It all sounds pretty retro. The new company to be formed by the merger of Dixons and Carphone Warehouse will be...

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Dixons Carphone Merger Is Boardroom Challenge

Dixons Carphone Eyes The World Of Future Tech Updated: 11:53am UK, Thursday 15 May 2014 By Tom Cheshire, Technology Correspondent It all sounds pretty retro. The new company to be formed by the merger of Dixons and Carphone Warehouse will be...

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Banks Warn Regulator On 'Illegal' Bonus Rules

By Mark Kleinman, City Editor New rules that would force bankers to wait more than a decade to get their hands on bonuses would breach "the principle of natural justice" and leave lenders exposed to costly legal challenges, a trade body has warned....

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Interest Rate To Remain Low For 'Some Time'

Affordability Gap: Figures In Detail Updated: 11:45pm UK, Tuesday 13 May 2014 The 10 most affordable and least affordable areas to buy a property in England and Wales. They are listed by their affordability gap - the ratio between average house prices...

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Property Boom Leaves Many Unable To Buy

By Ed Conway, Economics Editor The proportion of English and Welsh homes selling for over £1m has more than doubled during the Great Recession, in the latest evidence of the property market boom. In London a record 7% of all home sales listed by...

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British GSK Executive Accused Of China Bribery

A British executive of GlaxoSmithKline's China unit has been accused of bribery. Chinese investigators claim Mark Reilly ordered his salespeople to bribe doctors and hospital officials to use the company's products. A statement released by police...

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City Star Woodford To Meet Pfizer Boss Read

By Mark Kleinman, City Editor The City's most prominent fund manager will meet the boss of Pfizer this week for talks about the US pharmaceuticals giant's proposed £63bn takeover of AstraZeneca. Sky News has learnt that Neil Woodford, an influential...

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Pfizer Chief Questioned Over AstraZeneca Jobs

Pfizer's chief executive is to be questioned by MPs later about the US drugs company's commitments to UK jobs as part of its £63bn takeover plan for AstraZeneca. Ian Read has questioned the British drugmaker's ability to stand alone for much longer...

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'Zombie Bank Accounts Cost Savers £4bn A Year'

Savers are losing more than £4bn a year by having their money in poor-paying accounts, according to consumer group Which? The group found more than a third of accounts closed to new customers, dubbed 'zombie accounts', paid 0.5% interest or less. This...

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Billionaire Britain: New Nation Of Super-Rich

Top 25 Billionaires In Britain Updated: 12:54am UK, Sunday 11 May 2014 The top 25 names on the 2014 Sunday Times Rich List, including their total fortune and the change from last year. 1. Sri and Gopi Hinduja, £11.9bn, up £1.3bn 2. Alisher Usmanov,...

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'Zombie Bank Accounts Cost Savers £4bn A Year'

Savers are losing more than £4bn pounds a year by having their money in poor-paying accounts, according to consumer group Which? The group found more than a third of accounts closed to new customers, dubbed 'zombie accounts', paid 0.5% interest or less....

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Billionaire Britain: Rise Of The Super-Rich

Top 25 Billionaires In Britain Updated: 12:54am UK, Sunday 11 May 2014 The top 25 names on the 2014 Sunday Times Rich List, including their total fortune and the change from last year. 1. Sri and Gopi Hinduja, £11.9bn, up £1.3bn 2. Alisher Usmanov,...

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