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March 18, 2010

Deutsche Bahn confirms Arriva bid

Deutsche Bahn, the German national rail company, has confirmed that it has tabled a bid for Arriva, the UK transport group.


No joke

How China dominates the quirky gift industry


Drugs giant Teva buys Ratiopharm

Israeli generic drugs giant Teva buys German firm Ratiopharm for 3.6bn euros (£3.2bn, $4.9bn).


M&S boss Rose to take 25% pay cut

Marks and Spencer's chief executive and chairman Sir Stuart Rose will give up his executive role in July and take a 25% pay cut.


Cartel Client Review closed down

One of the biggest claims management companies, Cartel Client Review, has been shut down by the Ministry of Justice.


US consumer prices show no rise

US consumer prices showed no increase between January and February, according to Labor Department figures.


MBNA to stop credit card cheques

The biggest issuer of credit card cheques in the UK - MBNA - is to stop issuing them to customers from 31 March.


Barclaycard confirms job losses

Barclaycard confirms its decision to relocate its loan centre in Glasgow, which employs about 350 staff, to other UK sites.


Motor ahead

What to consider when buying a secondhand car


UK borrowing less than expected

UK borrowing could be less than forecast this financial year after better-than-expected February figures and revised January data.


BA talks continue into the night

Talks between British Airways and the Unite union aimed at averting strike action have continued into the night.


Lending to business drops sharply

UK business lending weakened in January, giving a record annual fall of 9.3%, according to the latest Bank of England survey.


Loan survivor

Survival of the last independent savings bank


Ex-boss of Irish bank arrested

The former chairman of Anglo Irish Bank is being questioned by Irish police about alleged financial irregularities.


Siemens announces 4,200 job cuts

The industrial giant Siemens says it is cutting more than 10% of its IT workforce, but also promises extra investment.


Judge rejects 'toxic sofa' claims

More than 300 customers who suffered chemical burns from leather sofas lose their High Court battle for compensation.


UK to produce Nissan electric car

Nissan is to build its new electric car, the Leaf, in Sunderland, safeguarding hundreds of jobs, the Japanese firm announces.


UK to produce Nissan electric car

Nissan is to build its new electric car, the Leaf, in Sunderland, safeguarding hundreds of jobs, the Japanese firm announces.


Erotic filmgoers must pay full tax, EU court rules

A Belgian sex shop owner attempting to cut the VAT bill for his film screenings under cultural exemptions is told by the European Court of Justice that solo viewings are excluded.


Mortgage lending 'up in February'

UK mortgage lending increased in February as the fluctuation in the housing market continues, lenders say.


Vow to stop phone 'slamming'

New rules come into force aimed at stopping phone companies stealing custom by mis-selling landline deals.


UK car production rises sharply

UK car production jumped sharply in February, up 62.7% from a year ago, the Society of Motor Manufacturers and Traders says.


Co-op boosted by acquisitions

The Co-operative Group reports "record sales and profits" in 2009, after buying Somerfield and merging with Britannia.


Secondhand motor dealers shamed

A damning verdict on the UK's £24bn secondhand car market is published by the fair trading watchdog.


Australia warns China on Rio case

Australia's prime minister tells China the world will be watching the trial of Rio Tinto employees, which begins next week.


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