Iconic Films

Greenback shows those green shoots

There are some who believe the dollar has ended its downward journey in the currency markets and that the only way is up

Apartheid victims cleared to sue

United States Supreme Court rules that three class actions by South Africans can be pursued in the American legal system

Cablevision buys Newsday for $650m

The television and telecoms giant tops offers from Rupert Murdoch and Mortimer Zuckerman to buy US tabloid, Newsday

Washington counts on slide in eurozone

The United States believes that a sharp slowdown in Europe this year will come to the aid of the tumbling dollar

Retailers fighting over US rebate

They were intended as a boost to the economy, but the $150bn of tax rebates returned have succeeded in sparking a squabble

Citigroup to put $500bn of assets on the block

Vikram Pandit, the Citigroup chief executive, announced plans to shed $500bn of assets but will not break up the group

Microsoft’s battle with Europe goes on

Microsoft to appeal against a record €899m fine handed out by the EC for defying sanctions after abusing its dominant position

Californian city considers going bankrupt

Faced with spiralling tax revenues, the Mayor and council members of Vallejo have voted unanimously to file for bankruptcy

Sotheby’s keen to change luck with sizzling Bacon

The auction house is hoping a $70m sale of Francis Bacon’s Triptych will help offset 'uncertain economic times'

Citigroup poised to offload $400bn of assets

Citigroup has already announced plans to sell assets but analysts are concerned at the scale of the latest proposal

US Best Buy signs £1.1bn Carphone deal

Best Buy branded stores will soon open in Britain after the American retailer's joint venture with Carphone Warehouse

Best Buy provides model for UK retailers

It would be difficult to get further away from the business model of Argos and Currys.digital than US business Best Buy

AIG to raise $12.5bn in cash after record loss

Shares in the world’s largest insurance group fell by 7 per cent after it unveiled a record first quarter loss of $7.81bn

Business big shot: Bob Willett of Best Buy International

The British-born Mr Willett, 60, spearheaded Best Buy's expansion into China after becoming head of Best Buy International

US shoppers slash spending at end of month

Wal-Mart says ’paycheck cycle’ is more pronounced as high fuel and food costs hit Americans in the run up to pay-day

Moody's high-risk mortgage advocate retires

Credit crunch claims second scalp from the global credit rating agencies accused of fuelling the America's housing boom

Microsoft sets sights on Facebook takeover

Microsoft has sought to gauge Facebook’s level of interest about a bid after $47.5bn takeover talks with Yahoo! failed

Dr Pepper Snapple fails to make Wall St mark

Wall Street is sceptical about Cadbury's demerged American drinks business, giving it a lacklustre reception on its debut

SEC pushes US banks to hold capital protection

American banks should hold more reserves for longer to prevent a repeat of the Bear Stearns collapse, say authorities

American house sales plunge 20% on price falls

Fewer Americans signed contracts to buy previously owned homes in March but recovery is expected by the end of 2008