BBC Business News

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

• EU 'wants Greece in the eurozone'
  EU leaders want Greece to stay in the eurozone but it must continue economic reforms, the European Council president says at a Brussels summit.
• Hewlett-Packard cuts 27,000 jobs
  Hewlett-Packard, the world's largest computer maker, is to cut 27,000 jobs by the end of 2014 as part of a drive to "simplify" the business.
• Free banking 'a dangerous myth'
  Free banking is a "dangerous myth", according to Andrew Bailey, who is due to become the chief regulator of the financial services industry.
• Weak UK business hits Mothercare
  Babywear retailer Mothercare reports a hefty annual loss as it seeks to tackle the poor performance of its UK business.
• Tax effort 'stunted by job cuts'
  Impressive efforts have been made by the UK tax authority to collect outstanding tax but more could have been done without job cuts, MPs say.
• Facebook and banks face lawsuit
  Facebook, its founder Mark Zuckerberg, and the banks leading its flotation are sued over claims that financial information was not disclosed.
• China seeks economic growth boost
  China says it will take measures to boost demand and sustain growth amid fears of a slowdown in its economy.
• Chinese manufacturing 'declines'
  China's manufacturing activity contracted in May, a survey shows, indicating that the rate of growth in the economy is continuing to slow.
• Jury backs Google in Oracle fight
  Internet giant Google did not infringe patents belonging to software developer Oracle, a court in California has ruled.
• Bank eyed case for more stimulus
  Bank of England policymakers voted by 8-1 this month against pumping more money into the economy, but the decision was "finely balanced" for some.