News archive from 21 January 2012

Former Woolworths workers 'get £67m compensation'

Former Woolworths workers 'get £67m compensation'

The shopworkers union Usdaw has said it has won compensation of up to £67m for more than 24,000 former Woolworths workers, made redundant when the retailer collapsed at the end of 2008. Usdaw went to the Employment Tribunal, claiming the...

BBC, 22:10 in Business
 

Cogent shares slide after U.S. shuts Megaupload.com

Cogent is an Internet services provider that caters to corporates, carriers, service providers and content providers in over 170 markets across North America and Europe. In the indictment seen by Reuters, the United States Department of Justice said...

 
Ex-Woolworths Workers Win £67m Compensation

Ex-Woolworths Workers Win £67m Compensation

Shopworkers union Usdaw has won £67m compensation for over 24,000 former Woolworths employees who were made redundant in 2008. The iconic high street retailer went into administration on November 27, 2008. By early January 2009, the administrators had...

 

India's highest court clears Vodafone of £1.6bn tax bill

Enlarge India"s highest court has ruled that Vodafone does not have to pay a £1.6bn tax bill, which clears the way for the UK mobile phone firm to boost investment in the sub-continent. The ruling by India"s Supreme Court brings to an end...

 
ALEX BRUMMER: China having a swig of British water

ALEX BRUMMER: China having a swig of British water

Drinking to success: The Hong Kong Chinese, in the shape of Li Ka Shing (pictured above), are already big investors in the nation"s water supplies China"s swoop on Thames Water is no more than a drop in the ocean. An 8.7pc stake in an...

 
Stress taking its toll? Sarah Ferguson looks strained amid extradition demand as she steps out for dinner

Stress taking its toll? Sarah Ferguson looks strained amid extradition demand as she steps out for dinner

And it seems her recent troubles are getting the better of her as she remains 'stuck' in Britain. Sarah has reportedly grounded herself from flying anywhere other than her native UK for fear she will be arrested if she travels abroad. She was...

 

Netflix hunts for new marketing chief

Jessie Becker, vice president of marketing, will serve as interim chief marketing officer till a permanent replacement is found, the company said in a statement on Friday. (Reporting by Edwin Chan; editing by Andre Grenon)

 

Lawyers to ask shareholders to sue Olympus: report

The lawyers will launch a website to seek shareholder plaintiffs and hold information sessions, The Nikkei said. A key figure in the legal team, which was formed on Friday, is Chohei Yonekawa, head of the team that represented Livedoor shareholders...

 

Explosions rock Nigeria's Kano, at least six killed

Smoke billowed from the police headquarters for the north in Kano after one blast blew out its windows, collapsed its roof and triggered a blaze that firefighters struggled to control. A Reuters reporter counted three bodies at the scene and three...

 

Government seeks to defuse anger over bosses' pay

Prime Minister David Cameron said a market failure during years of uncontrolled "turbo capitalism" had broken the link between risk and reward, giving some executives generous pay deals despite lacklustre performance. Politicians from all...

Reuters, 23:39 in Business
 
Top tips for selling your old mobile phone

Top tips for selling your old mobile phone

Millions of old mobile phones languish in cupboards and drawers across the UK, and there are dozens of websites that will offer you cash for old handsets - but are you getting a good deal? Radio 4's Money Box reporter Mike Wendling investigates. In...

BBC, 23:49 in Business
 
Hewlett Packard opens doors to its HP Labs UK research base

Hewlett Packard opens doors to its HP Labs UK research base

The year is 2015, and in a government-owned data centre somewhere in southern England thousands of servers are humming away, hard at work keeping the country running smoothly. In the background, security programs, acting like antibodies in a...

 
BRIGHTON MANAGER GUS POYET'S HELP FROM CHELSEA LEGENDS GIANFRANCO ZOLA AND DENNIS WISE

BRIGHTON MANAGER GUS POYET'S HELP FROM CHELSEA LEGENDS GIANFRANCO ZOLA AND DENNIS WISE

GUS POYET hopes Chelsea legends Gianfranco Zola and Dennis Wise can inspire Brighton to victory at Peterborough today. Poyet invited former Stamford Bridge pals Zola and Wise to train with the Seagulls following their FA Cup penalty shoot-out win at...

Daily Star, 00:05 in Sport
 
'ONE OF MY REASONS TO COME WAS BECAUSE OF THE TOUGH SIDE...I LOVE STRONG TACKLING,' SAYS O

'ONE OF MY REASONS TO COME WAS BECAUSE OF THE TOUGH SIDE...I LOVE STRONG TACKLING,' SAYS O

THE one and only time Oriol Romeu played with Lionel Messi he couldn’t believe his eyes. “I kept asking myself, ‘How did he do that?’” It was a young Spanish boy’s dream to be in the same Barcelona side as Messi, Xavi and Iniesta. “Messi inspired...

Daily Star, 00:05 in Sport
 
DEAL BRINGS HMV BACK FROM BRINK

DEAL BRINGS HMV BACK FROM BRINK

HMV yesterday struck a groundbreaking deal with banks and key suppliers such as Universal Music, Sony and Warner Bros to gain vital time to try to save the company. The stricken retailer said its lenders, including state-backed Royal Bank of...

 


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