Shares Slide On Federal Reserve Warning

Global shares have fallen sharply after the Federal Reserve gave a stark warning about the state of the US economy and announced limited measures designed to boost growth.

Netflix Split's Services

Netflix has decided to split its DVD-by-post business from its movie streaming service.

Customers Desert Netflix over Revamped Pricing

Some of Netflix’s popularity lies in its simplicity — in its ability to serve up films and TV shows and renew subscriptions automatically, without any thinking on the part of the customer.

Until now, that is.

Spilling The Blame on BP 18months on.

A 16-month federal investigation has concluded that BP’s efforts to limit costs on its mile-deep Macondo well in the Gulf of Mexico contributed to the blowout last year that killed 11 workers, sank the Deepwater Horizon drilling rig and created the largest oil spill in U.S. history.

Groupon Back On Track For Its IPO

Groupon is planning to put its initial public offering back on track even as markets remain rocky.
After postponing presentations to potential investors early this month, the online coupon giant is now aiming to go public in late October or early November, according to people briefed on the matter. That would mean that Groupon could embark on its investor roadshow by the middle of next month, these people said.

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Ford Shows The Evos Concept & A Europe Only Baby Engine

The Ford Evos design study, formally introduced here Monday on the eve of the 2011 Frankfurt auto show, is the “new face of Ford” and is expected to influence styling on all its coming cars, said J Mays, the company’s chief designer.

BP North Sea Oil Field Investment

BP has announced a £700 million investment on their North Sea project, this seals up to 1,000 potential jobs.

Online betting growth sees Paddy Power profits rise

Paddy Power has reported a 15% rise in half-year profits, helped by the rise in online and mobile phone betting.

Land Rover confirms new version of its Defender model

Land Rover will release an all-new version of its Defender model in 2015, it has confirmed.

Consumer confidence lowest since April

Confidence among consumers fell to its lowest level in four months in August, a survey showed on Wednesday, a sign they will keep a tight rein on spending, and hampering a fragile economic recovery.