Business week in review

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The Independent Online

In profit ...

"Canada's Warren Buffett", Prem Watsa, could soon find a friend in Barack Obama as the investment guru signed a letter of intent to rescue the president's favourite device, the BlackBerry.

Having announced 4,500 job cuts the previous week, BlackBerry seemed in big trouble but Watsa's Fairfax Financial Holdings emerged with a $4.7bn (£2.9bn) offer to take it private on Monday.

Airbus chief operating officer John Leahy said on Tuesday worldwide aircraft would double by 2032, which amounts to orders worth about $4.4 trillion.

On Wednesday it emerged that former BHP Billiton boss Marius Kloppers received nearly $16m in his last year in charge.

... at a loss

British Gas owner Centrica laid into the Government on Monday, blaming the Coalition for a £240m writedown on its decision to shelve gas storage plans in East Yorkshire and the North Sea. Centrica said the Government's decision not to subsidise the market and weak economics meant that chief executive Sam Laidlaw had to abandon the projects.

ICAP became the fourth institution to be fined in the Libor interest rate-rigging scandal on Wednesday, as regulators on both side of the Atlantic rounded on the interdealer broker. The City giant received more than £50m in fines, leaving boss Michael Spencer grim-faced.

Also on Wednesday, Doug Oakervee quit as chairman of HS2.