Northern Rock makes hefty losses

State-owned Northern Rock reports a loss of £724.2m in the first six months of 2009 and rising levels of mortgage arrears.

Recovery ‘not in sight’ says BMW

Carmaker BMW says there are few signs of a long-lasting recovery as it reports a 76% drop in quarterly profits.

Sit-in workers are arrested

Police have arrested 20 Thomas Cook staff who had been taking part in a sit-in at the travel agency’s offices in Dublin.

Google and Apple not off the hook

Eric Schmidt’s resignation from Apple’s board because of competing products fails to halt a government investigation.

Global car sales dive hits Toyota

Car giant Toyota reports a loss of 77.8bn yen for the April to June period as global car sales slumped.

English club finances worry Uefa

Uefa general secretary David Taylor says there is “significant concern” about the financial state of some English Premier League clubs.

Casino group is hit by downturn

Casino group MGM Mirage sees second-quarter profits fall to 2.6m, as the recession hit its US gambling empire.

Two pints of lager and my parcel please: Pubs offer post service

Local pubs are offering to take delivery of parcels - hoping punters will stay for a pint when they pop by to collect their post.

Jobless graduate sues her college for tuition fees

A New York woman who says she cannot find a job is suing the college where she obtained a bachelor’s degree.

Buoyant hopes

Smooth-sailing for Australia’s economy?