The economic slowdown in Britain gathered pace in the second quarter of the year, with GDP growth of just 0.2 percent as the impact of the global credit crunch on the housing market and consumer spending deepened.
DETROIT (Reuters) - Ford Motor Co posted a record $8.7 billion quarterly loss on Thursday as it wrote down the value of slumping truck and SUV operations and revamped plans in a bid to break its reliance on the gas-guzzlers that have been its franchise vehicles for a decade.
Jul 25 - An attack on the Russian company Mechel's pricing policy by Prime Minister Vladimir Putin erased almost a third of its value early on Friday (25 July).
The chief executive of BP's Russian arm says a campaign of harassment has forced him to quit the country amid an increasingly bitter fight for control of the firm.
REDMOND, Washington (Reuters) - Chief Executive Steve Ballmer on Thursday defended Microsoft Corp's need to make heavy investments in its Internet businesses but said the company was "done," for now, with pursuing Yahoo Inc.
