UK news archive from 2012-01-05

News archive from 5 January 2012

Kodak prepares for Chapter 11 filing: report

The Chapter 11 filing could come as soon as this month or early February, the newspaper said. Kodak shares fell about 28 percent to 47 cents on the New York Stock Exchange following the online report, which dampened investors' hopes that the company...

Reuters, 21:59 in Science &Technology

Comcast, Disney ink 10-year carriage deal for TV, Web

The deal gives a big boost to the cable TV industry's push for programmers and distributors to reach agreements that will enable paying subscribers to watch their favorite shows anytime. Distributors have pushed back over whether they should pay extra...

Reuters, 22:07 in Science &Technology

Verizon mobile margins to fall on iPhone sales

Verizon Communications Chief Financial Officer Fran Shammo said during a webcast of an investor conference that the wireless company had sold 4.2 million iPhones in the fourth quarter, bringing it "extremely close" to its target for 11...

Reuters, 22:30 in Science &Technology

MAGPIES SLAY UNITED

Newcastle striker Demba Ba signed off in style as Manchester United's hopes of retaining their Barclays Premier League title were dealt a fresh blow with a 3-0 defeat. Ba plundered his 15th goal of the season in what seems certain to be his final...

Daily Star, 22:51 in Sport

RBS hires Lazard on investment bank options - source

The sale could result in as many as 10,000 job cuts, according to a report on the FT's website on Wednesday. RBS and Lazard declined to comment on the situation. RBS, 83 percent owned by Britain after a government bailout during the 2008 credit...

Reuters, 22:52 in Business

Yahoo names PayPal's Thompson as CEO

Thompson, credited with driving growth at eBay's online payments division PayPal, joins Yahoo during a period of turmoil, as the company plows ahead with a strategic review in which discussions have included the possibility of being sold, taken...

Reuters, 22:52 in Business

ICANN to expand top level domains despite critics

This has infuriated and worried corporations, which already troll the web looking for trademark violations and sometimes buy web addresses they don't plan to use to prevent them from falling into the hands of cybersquatters. In a letter Tuesday,...

Reuters, 23:16 in Science &Technology

Seagate forecasts strong Q2, Q3; shares jump

The company, along with rival Western Digital, was hit hard by widespread flooding in Thailand in July that disrupted production at its manufacturing facilities. Thailand produces around half of global hard drives by housing top-ranked Western...

Reuters, 23:21 in Science &Technology

Greek prime minister warns of March default

Greek Prime Minister Lucas Papademos has said Greece may default on its debts in March unless unions accept further cuts to salaries. Mr Papademos said more cuts were needed to avoid exiting the eurozone. Analysts say the warning is to prepare Greece...

BBC, 23:32 in Business

STUART LANCASTER SHOWS DANNY CARE WHO'S BOSS

DANNY CARE has done Stuart Lancaster an unintended favour by allowing the interim England coach to crack the disciplinary whip just when memories may finally have been fading of the World Cup shambles. Lancaster is already intent on dispensing with...