Former Cadbury Chair Warns Over Pfizer Deal

By Mark Kleinman, City Editor The businessman who oversaw the sale of Cadbury in 2010 has warned against formal state intervention in the £63bn takeover bid for AstraZeneca, the British pharmaceuticals giant. Speaking to Sky News, Sir Roger Carr,...

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US Jobless Drops To Lowest Rate Since 2008

The jobless rate in the United States fell to 6.3% in April, its lowest level since September 2008. A total of 288,000 new jobs were created last month, more than a third up on the figure forecast by economists. The Labor Department said job creation...

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The Week's Big Business Stories

Sky's Naomi Kerbel offers a round-up of what's been and what is coming up in the week's business news. :: Monday, May 5 - financial markets closed :: Tuesday, May 6  Barclays will announce its first-quarter results for 2014 on Tuesday and Just...

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Carlyle Steers RAC Group Towards £1.5bn Exit

By Mark Kleinman, City Editor The private equity firm which owns the RAC breakdown recovery service is mapping out a £1.5bn sale or stock market listing. Sky News has learnt that The Carlyle Group has appointed Lazard, the investment bank, to provide...

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The True Cost Of London's £140m Apartment

It's tempting to see the story of the £140m London apartment that just sold to a Ukrainian buyer as yet more evidence of the madness in the UK housing market. But while there is now little doubt that the London property market is in the midst of a bubble,...

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Samsung Told To Pay Apple $119m In Patent Row

Samsung has been ordered to pay $119.46m (£70m) in damages to Apple after the South Korean company was found guilty of violating two patents on smartphone features. In the latest lawsuit involving the two tech giants, a jury in a federal court in San...

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Miliband Urges Caution On Pfizer Takeover Bid

AstraZeneca: The Key Statistics Updated: 11:23am UK, Friday 02 May 2014 American pharmaceutical giant Pfizer, which makes Viagra, has until May 26 to confirm its intentions in what could be Britain's biggest ever takeover. Here are some key statistics...

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Royal Mail Plots Bond Issue As Row Rages On

By Mark Kleinman, City Editor Royal Mail is weighing a move into the bond markets to raise hundreds of millions of pounds even as the row over the postal operator's privatisation looks set to continue. Sky News understands that the company has...

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Twitter Rant Executive Checks Out Of PayPal

A newly appointed senior executive at PayPal has left the company after a late-night Twitter rant at his colleagues. In a poorly spelled outburst on the social networking site, Rakesh Agrawal turned his fire on Christina Smedley, the company's communications...

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Animal Testing Campaign Causing Industry Crisis

By Joe Tidy, Sky News Reporter An international campaign to get airlines to stop transporting monkeys for drugs testing is causing a crisis in the research industry. Every year more than 2,000 monkeys are flown to Britain to be tested on in over...

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