BSkyB has pulled out of talks with Google about showing its TV shows for free on YouTube. Talks ended because Sky was not willing to make its shows available for free.
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Emap has admitted that failure to renegotiate its loan covenants could throw its survival prospects into doubt. The media company owes £148 million to Eden Bidco.
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Kraft Foods claimed that targets outlined by Cadbury are unrealistic. Cadbury outlined the targets in response to Kraft’s hostile bid for the chocolate manufacturer.
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British Airways could post annual losses of £1 billion with this month’s proposed strike costing the carrier around £360 million. More than a million passengers are set to be hit by the strike, planned for the Christmas period.
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The Euro tumbled as debt worries spread from Greeces economic crisis. The currency fell to its lowest level since early October.
Source: Wall Street Journal
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