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Reuters

UK joins G20 push for levy on banks

ST ANDREWS, Scotland (Reuters) - Britain threw its weight on Saturday behind proposals to impose a global levy on banks to fund future bailouts and called on the G20 to work towards a $100 billion (60 billion pounds) deal to meet the cost of climate change.

Britain gives impetus to global tax on banks

ST ANDREWS, Scotland (Reuters) - World governments should consider urgently a levy on banks to fund future bailouts, British Prime Minister Gordon Brown said on Saturday, departing from London's longstanding resistance to a global tax.

U.S. jobless highest in more than 26 years

The U.S. jobless rate unexpectedly jumped to 10.2 percent last month, a 26-1/2-year high, adding to pressure on the Obama administration to do more to tackle unemployment even as signs of recovery mount.

Kraft in waiting game as Cadbury deadline nears

Kraft Foods <KFT.N> is persisting in its waiting game as a deadline for its acquisition of confectioner Cadbury <CBRY.L> nears, and many see a formal bid coming in close to its tight first offer.

Berkshire Hathaway's net income triples

NEW YORK (Reuters) - Warren Buffett's Berkshire Hathaway Inc <BRKa.N> <BRKb.N> on Friday said quarterly earnings tripled, as rising stock markets boosted its investment holdings and a quiet hurricane season contributed to higher insurance profit.

BA hints worst over for business travel

British Airways signalled business is stabilising, eclipsing news of a worse than expected first half loss and a prediction that revenue would slump by 1 billion pounds this year.