UK news archive from 2012-02-08

News archive from 8 February 2012

Hezbollah says gets support, not orders, from Iran

Nasrallah said Hezbollah previously only confirmed Iranian political and moral backing because it did not want "to embarrass our brothers in Iran," but had changed policy because Iran's leadership had announced its support in public....

Reuters, 22:09 in World News

Yahoo board shake-up as chairman and others leave

Yahoo's chairman and three other board members are leaving as the tumult at the US web portal continues. Chairman Roy Bostock - who was in charge when Yahoo rejected a $47.5bn (£31bn) takeover offer in 2008 - will step aside in this latest shake-up...

BBC, 22:23 in Business

Moroccan army promised better deal after protests

A cabinet meeting chaired by the king adopted a draft law "defining, clarifying and strengthening basic guarantees for the military" and covering soldiers' legal, material and social rights, a statement carried by the official MAP news...

Reuters, 22:39 in World News

Renesas, Fujitsu, Panasonic to merge system chip ops: report

The move is aimed at creating a globally competitive chip maker, which will play an essential role in the survival of the chip industry, leaving Toshiba Corp as the only other Japanese player, the paper said. The new company will develop system chips,...

Reuters, 22:40 in Science &Technology

BHP Billiton profits fall on lower iron ore prices

Falling commodity prices have pushed down profits at the world's biggest mining company, BHP Billiton. The Anglo-Australian company reported a 5.5% annual drop in first-half net profit to $9.9bn (£6.2bn). It also warned of a volatile outlook due to...

BBC, 23:01 in Business

U.S. eyes cuts to Iraq embassy after troops exit

The New York Times reported Tuesday that the U.S. government was preparing to slash its diplomatic presence, which includes consulate operations in Basra, Arbil and Kirkuk, by as much as one half. State Department spokeswoman Victoria Nuland said...

Reuters, 23:01 in World News

AMD's head of sales leaves company

AMD did not give a reason for Ghilardi's departure. Read has promised to get AMD ready to fight in a quick-changing computer industry. The company has long struggled to keep up with bigger rival Intel Corp in the market for powerful PC processors....

Reuters, 23:06 in Science &Technology

ADRIAN NEWEY NOT FOR MOVING

ADRIAN NEWEY, the most successful car designer in F1 history, has told Ferrari he is staying at Red Bull. Newey, behind eight constructors championships, the last two with Red Bull, said: To be honest, I cant see myself going anywhere else.