Thursday, May 6, 2010

Hollingsworth Daily Post



  • BP has managed to seal the smallest of the three leaks spilling oil into the Gulf of Mexico, the company says.Oil is still gushing into the sea at a rate of about 800,000 litres a day, but officials say working with only two leaks makes tackling the spill easier.Nintendo has reported a fall in annual profits for the first time in four years after demand for its Wii console slowed.

  • Japanese shares fell sharply on worries over the Greek debt crisis and whether problems would spread.

  • Cuba has announced plans to allow foreigners to develop golf courses, marinas and related land projects to boost the nation's tourism industry.

  • US mortgage giant Freddie Mac saw a loss of $8bn (£5.3bn) in the first three months of 2010 and said it would ask for a further $10.6bn in state aid.

  • The Washington Post has announced that it is exploring the possibility of selling Newsweek magazine.

  • Anheuser-Busch InBev, the world's largest brewer, has reported a fall in profits of more than a third, largely due to a one-off financing charge.

  • Carmaker BMW has reported a return to profit compared with a year earlier and given an upbeat forecast for sales in the coming year.

BBC Business News 6th April 2010

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