BBC Business News

BBC News - Business
The latest stories from the Business section of the BBC News web site.

• US economic growth slows to 2.4%
  US economic growth slowed between April and June, with GDP growing by an annualised rate of 2.4%, the US Commerce Department says.
• Strikes and ash extend BA losses
  BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud.
• Immigrant worker limit criticised
  Government plans to limit the number of skilled foreign workers allowed into the UK are criticised by the Lord Mayor of London.
• Airbus firm EADS lifts output aim
  Airbus parent firm EADS says it is confident about future orders, despite reporting a fall in second-quarter earnings.
• Royal Mail pension plan in doubt
  The Pensions Regulator is challenging a crucial plan to pay off the £10bn deficit in the Royal Mail pension scheme.
• Deadline for tax credits renewal
  Families face missing out on financial assistance if they miss Saturday's deadline to renew tax credits.
• Disney sells Miramax film studios
  Walt Disney announces the sale of its Miramax film division for about $660m to a group of private equity investors.
• Sale of EDF's UK networks agreed
  A consortium headed by Hong Kong billionaire Li Ka-Shing agrees to buy the UK networks of French power group EDF for £5.8bn ($9.1bn).
• Benefits face 'radical' shake-up
  Merging all tax credits and benefits into a single payment is one option being considered by Iain Duncan Smith in a "radical" welfare shake-up.
• Fugitive Nadir will stand trial
  Fugitive Polly Peck tycoon Asil Nadir, who fled to northern Cyprus in 1993, confirms he will come back to the UK to stand trail on theft charges.