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  • BBC boss: Corporate culture aided abuser Savile Tuesday, 23 Oct 2012 | 9:58 AM ET

    LONDON-- The BBC has become the latest large institution to find itself accused of failing to stop sex abusers in its midst, with its chief acknowledging Tuesday that a "cultural problem" within the broadcaster had allowed the late TV host Jimmy Savile to molest children and teenagers for decades.

  • Markets subdued as focus remains on US Tuesday, 23 Oct 2012 | 6:48 AM ET

    LONDON-- Financial markets were on the defensive Tuesday ahead of another round of U.S. corporate earnings, including from Facebook, and amid uncertainty over the outcome of the U.S. presidential election. Facebook's earnings results after the market close will be key for its future.

  • BBC boss to face lawmaker committee over scandal Tuesday, 23 Oct 2012 | 4:09 AM ET

    LONDON-- The director general of the BBC is set to face a lawmaker committee to explain why the broadcaster pulled an expose unmasking one of its most popular entertainers as a pedophile. George Entwistle will face lawmakers on the Culture Media and Sport Select Committee on Tuesday.

  • Oil stocks fall as crude prices sink Tuesday, 23 Oct 2012 | 12:51 AM ET

    Weak or cautious forecasts this week from major manufacturers including 3 M Co., Korean steel maker Posco and heavy equipment manufacturer Caterpillar contributed to concern about global economic growth. Exxon Mobil Corp. fell $1.94, or 2.1 percent, to $90.25; and ConocoPhillips fell $1.12, or 2 percent, at $55.92;.

  • Manchester United to open office in United States Tuesday, 23 Oct 2012 | 12:17 AM ET

    LONDON-- Manchester United will open an office in the United States to target commercial sponsors. Vice chairman Ed Woodward said Tuesday the record 19- time English champions will open the office on the East Coast as they look to raise more cash to reduce the club's debt.

  • Markets slide after weak US earnings reports Tuesday, 23 Oct 2012 | 12:09 AM ET

    LONDON-- Stocks suffered one of their worst sessions in weeks on Tuesday following another batch of weak U.S. corporate earnings and uncertainty over the outcome of the race for the White House. Downbeat updates on Tuesday from chemical company DuPont and manufacturer 3 M added to the uncertainty.

  • London protesters bash Britain's austerity drive Saturday, 20 Oct 2012 | 9:22 AM ET

    Unions, anti-war campaigners, left-wing leaders, community groups and other activists poured down London's streets in a demonstration against reductions to public sector spending which officials are pushing through in order to rein in the Britain's debt, which stands at more than 1 trillion pounds.

  • London protest bash government's austerity drive Saturday, 20 Oct 2012 | 8:58 AM ET

    Brendan Barber, whose Trades Union Congress helped organize the march, said that the message of Saturday's protest was that "austerity is simply failing."

  • American Greetings board to consider buyout Friday, 19 Oct 2012 | 6:17 PM ET

    The deal would value American Greetings at around $581 million. American Greetings' shares fell 7 cents to close at $16.99 Friday. American Greetings' brands include Carlton Cards, Recycled Paper Greetings and Papyrus.

  • Oil falls near $90 per barrel on economic concern Friday, 19 Oct 2012 | 3:18 PM ET

    On the New York Mercantile Exchange:. _ Benchmark crude fell $2.05 to end at $90.05 per barrel. _ Heating oil fell 5.21 cents to end at $3.1345 per gallon.

  • Oil prices fall on fresh worries about economy Friday, 19 Oct 2012 | 3:16 PM ET

    Benchmark oil fell $2.05 to finish at $90.05 per barrel in New York. Brent crude, which is used to price international varieties of oil, dropped $2.28, or 2 percent, to end at $110.14 per barrel in London. Several companies delivered weaker-than-expected third-quarter results, including Microsoft and McDonald's.

  • UK police: Inquiry into BBC entertainer is growing Friday, 19 Oct 2012 | 10:48 AM ET

    LONDON-- British police said Friday that a highly publicized inquiry into a BBC entertainer believed to have molested dozens of girls has widened to include more than 200 potential victims and possibly new perpetrators.

  • English soccer promotes anti-racism T-shirts Friday, 19 Oct 2012 | 10:44 AM ET

    LONDON-- Damaged by a yearlong racism case involving John Terry, English soccer will ask Premier League players to don anti-racism T-shirts during the warm-up for matches this weekend.

  • UK court: Dead soldiers' families can sue gov't Friday, 19 Oct 2012 | 9:23 AM ET

    LONDON-- The families of several British soldiers who were killed in Iraq can sue their government for negligence, a court ruled Friday. The High Court backed the families last year, but the Ministry of Defense appealed. On Friday the Court of Appeal agreed with the previous ruling that the families can sue the government for damages on negligence grounds.

  • Oil slightly higher after Canada-US pipeline shut Friday, 19 Oct 2012 | 9:14 AM ET

    By early afternoon in Europe, benchmark crude for November delivery was up 36 cents to $92.46 a barrel in electronic trading on the New York Mercantile Exchange. Brent crude, which many U.S. refiners use to make gasoline, was up 40 cents to $112.82 a barrel on the ICE Futures exchange in London.

  • UK fines Bank of Scotland for faulty mortgage data Friday, 19 Oct 2012 | 6:28 AM ET

    LONDON-- Britain's financial regulator has imposed a fine of 4.2 million pounds on a unit of Lloyds Banking Group for having inaccurate mortgage records for 250,000 customers.

  • Euro banking deal fails to impress markets Friday, 19 Oct 2012 | 6:10 AM ET

    Microsoft also disappointed with its latest update, contributing to a broad retreat in technology stocks, as did McDonald's and General Electric. By the time markets closed in Europe, Germany's DAX was down 0.8 percent at 7,380 while the CAC-40 in France fell 0.9 percent to 3,504. The FTSE 100 index of leading British shares was 0.3 percent lower at 5,896..

  • Oil down slightly ahead of EU summit conclusion Friday, 19 Oct 2012 | 5:17 AM ET

    BANGKOK-- Oil prices fell slightly Friday as traders awaited the end of a two-day European Union summit on shoring up the region's stricken banks. Benchmark crude for November delivery was down 12 cents to $91.98 a barrel at late afternoon Bangkok time in electronic trading on the New York Mercantile Exchange.

  • World stocks lower ahead of EU summit conclusion Friday, 19 Oct 2012 | 5:09 AM ET

    Britain's FTSE 100 lost 0.1 percent to 5,910.04 in early trading. Microsoft said net income fell a worse-than-expected 22 percent to $4.47 billion in the fiscal first quarter, which ended Sept. 30. BB&T bank, Philip Morris International and Boston Scientific also reported results that fell short of forecasts.

  • Oil prices flat ahead of EU summit conclusion Friday, 19 Oct 2012 | 2:00 AM ET

    BANGKOK-- Oil prices were nearly flat Friday as traders awaited the end of a two-day European Union summit on shoring up the region's stricken banks. Benchmark crude for November delivery was down 2 cents to $92.08 a barrel at midday Bangkok time in electronic trading on the New York Mercantile Exchange.