Business week in review
Sunday 28 October 2012
In profit ...
BP boss Bob Dudley was surely cracking open the vodka on Monday, when BP agreed to sell its half of the TNK-BP joint venture to Rosneft for $27bn (£16.8bn) in cash and shares.
On the same day, search engine Yahoo! unveiled adjusted earnings per share for the third quarter of 35 cents, up on the forecast 25 cents. Not a bad first impression for new chief exec Marissa Mayer.
And Wednesday saw British American Tobacco chief Nicandro Durante puff up 4 per cent revenue growth.
... at a loss
On Monday black-cab maker Manganese Bronze crashed into administration as a steering defect sparked a cash crisis. Boss John Russell says London's 'Icon' cabs will be saved.
Wednesday saw ex-Société Générale rogue trader Jéröme Kerviel fail in his appeal against a three-year jail term. He was ordered to repay the near €5bn (£4bn) he lost the bank; it will take him 300,000 years ...
And it was a bad Thursday for WPP head Sir Martin Sorrell as shares fell on news his ad giant had cut revenue-growth forecasts for the second time since August.
Missing Malaysia Airlines Flight MH370: Acclaim for retired Australian defence chief Angus Houston who is leading the search for the airliner
South Korea ferry: Four dead and almost 300 missing as mass rescue gets underway
Malaysia Airlines MH370 co-pilot's phone 'was on and made contact with network tower' 30 minutes after plane turned around
Oscar Pistorius trial: Reeva Steenkamp told athlete she 'loved him' for first time in Valentine's Day card
Lunar eclipse 2014: Images of the spectacular 'blood moon'
David Cameron: 'Jesus invented the Big Society – I'm just continuing God's work'
US Navy christens huge $3 billion destroyer ship USS Zumwalt that appears as a fishing boat on enemy radar
The food poverty scandal that shames Britain: Nearly 1m people rely on handouts to eat – and benefit reforms may be to blame
Nigel Farage fatigue? Half of voters ‘immune’ to Ukip’s appeal
Scottish independence: It is the English who should be on their knees, begging the Scots to vote ‘No’
Nigel Farage on Have I Got News For You: Ukip leader ridiculed over expenses and party 'fruitcakes'
- 1 Refugee facing deportation from Sweden saved by fellow passengers refusing to let plane leave
- 2 Naked yoga: the bare truth - it's already big in the US, and has now landed here
- 3 Man on a leash in Farringdon, London: Mystery of 'walkies' solved
- 4 24 people applied for the 'world's toughest job', here are their interviews
- 5 Drugs giant GlaxoSmithKline bribed doctors to boost sales, says whistleblower
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