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Burberry Wins Counterfeit War; Awarded £63 Million in Damages

Burberry Shares Drop as Investment Set to Hit Profits

Burberry reported full-year profits of £366m - a 24 percent rise - but said a new investment of around £200m could hit future profitability.

Facebook IPO: Regulators review disclosure procedures

It was the most hotly anticipated stock debut in years, raising $16bn, and valuing the social networking sensation, Facebook at $104bn. But now - just days after the fanfare - itâ€™s in another media storm.

UK Retail sales for April: down 2.3%

We all spent much less last month and itâ€™s a record drop. According to figures released by the Office of National Statistics today, retail sales volumes fell by 2.3% last month, all because of a sizeable fall in petrol sales.

Spacex: The Future of Galactic Travel [VIDEO]

A new chapter in spaceflight was opened today as Spacex became the first private firm to launch a vessel to the International Space Station.

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UK Financial Watchdog Slaps £1.3 million Fine on Two Former UBS Traders

UK's Financial Services Authority fines Sachin Karpe and Laila Karan for unauthorised trading scheme in the foreign exchange markets.

Google and Motorola deal given green-light

Googleâ€™s planned Â£7.9bn takeover of Motorola Mobility has been approved by Chinese authorities, granting the internet giant access to Motorolaâ€™s 17,000 patents.

Formula One Gets Greenlight for $3 Billion Flotation

Media sources say that motor racing giant Formula One has gained approval for an initial public offering worth nearly $3bn on Singapore's stock exchange

Ryanair Shares Fall Sharply as High Fuel Costs Hit Profits

Budget airline Ryanair warns of a future decline in profits on higher fuel costs, despite beating forecasts with a 2012 profit surge.

'Mass Effect 3: Extended Cut' DLC: Admiral Hackett and EDI Will Be Back [SPOILERS & VIDEO]

Following BioWare's announcement of plans to address gamer concerns over Mass Effect 3's (ME3) ending, gamers have been anxiously waiting to get their hands on the 'Extended Cut' DLC.

Men In Black III 3-D Release: Sony Pictures in Standoff with Cinemas over 3-D Glass Payment

Sony Pictures is reportedly in confrontation with cinemas over the issue of who would bear the cost of 3D glasses of the movie, "Men In Black III."

Boeing Partner Northrop Grumman Signs Agreement with Brazilian Machining Companies

Boeing Partner Northrop Grumman Signs Pact with Brazilian Machining Companies

Northrop Grumman signs Memorandums of Agreement with two Itajubá-based companies.

Facebook share trading on Nasdaq

Facebook have begun trading shares on the Nasdaq Stock Market today, priced at $38 which makes the eight year old company, worth a staggering $104 billion.

Facebook's New Paper Billionaires to Get Richer after IPO

Facebook's founders, early executives and investors would be seeing their fortune soaring to new heights after the IPO.

Northern Rock Rescue Could Cost UK Taxpayer £2 Billion, Says NAO

Treasury committed itself before looking in detail at the possible consequences for the taxpayer, says NAO.

Facebook shares to hit the market on Friday

Facebook's Historic IPO: Wall Street Braces for One of the Biggest IPOs in History

Facebook shares priced at $38 (£24) each to start trading at Nasdaq, making it the biggest IPO in terms market capitalisation in US history.

'Mass Effect 3: Operation Resurgence' - Multiplayer Event

'Mass Effect 3: Rebellion' Multiplayer DLC Leaked on Sony Website?

Mass Effect 3's (ME3) upcoming multiplayer DLC - 'Rebellion' - details have been reportedly leaked by Sony Hong Kong's official site.

Boeing Dreamliner Honored with 2012 Hermes Awards for Innovation

Boeing Dreamliner Honoured with 2012 Hermes Awards for Innovation

Award, given by European Institute for Creative Strategies and Innovation, honours companies or organisations whose innovative ideas and products help advance society.

General Motors save Vauxhall factory

A vote in favour of a new pay and conditions deal has paved the way for investment at Vauxhallâ€™s leading car plant in Ellesmere Port.

HTC’s One X and Evo 4G LTE Held by US Customs over Patent Dispute

HTC faces import bans on two of its premium smartphones - the One X and Evo 4G LTE - following an ITC directive, amid ensuing patent dispute against Apple.

John Lewis Increases Sales Despite Economy Limping

The UK's biggest department store group shows increased sales but other retailers are not so upbeat.

'Max Payne 3' Features Roundup: Gameplay, Release Dates, Plot and Storyline [TRAILERS]

Max Payne 3: Features Round-up, Gameplay, Release Dates, Plot and Storyline [SPOILERS & VIDEOS]

We round-up all the details surrounding Max Payne 3, which launches this week including gameplay, plot, release dates and videos.

JPMorgan Faces FBI Investigation over 'London Whale's' Trading Loss

FBI and the US Justice Department are launching a criminal inquiry into trading practices of JPMorgan following its revelation of $2bn (£1.2bn) loss.

Facebook Issues 50M Extra Shares, Increases Price As Investor Demand Soars

Facebook will issue 50 million extra shares to cope with investor demand ahead of its IPO and has confirmed a share price increase.

Facebook to close IPO order early

Facebookâ€™s is set to close the books on its IPO, initial public offering, as early as Tuesday due to exceptionally high demand.

JPMorgan's Ina Drew Retires After Disastrous $2bn Trading Loss

Ina Drew, JPMorgan's chief investment officer who was responsible for overseeing a huge trading loss at the bank, is to retire.

JPMorgan $2bn Trading Loss: Executives Involved 'to Resign'

Ina Drew, Achilles Macris, and Javier Martin-Artajo, three of JPMorgan's top bankers, will resign over a huge $2bn trading loss, according to Reuters.

Richard Branson’s Virgin Atlantic to Offer First In-Flight Mobile Service in UK

Mobile access for passengers Virgin's new Airbus A330 flights from London to New York.

Fitch Downgrades JPMorgan, S&P Lowers Outlook

Moody's is also reviewing JPMorgan for a possible downgrade.

'Mass Effect 3: Operation Silencer' Multiplayer Bounty Weekend

‘Mass Effect 3’ Multiplayer Roundup: BioWare Gives PS3 Players All Previous N7 Event Awards Free

PS3 players were deprived of both the multiplayer challenges as well as the irresistible in-game reward packages associated with them over the last few weeks.

Serco Group Maintains Robust Order Book, Sees Good Revenue Visibility and Tough US Market Ahead

Serco's order book stood at almost £18 billion at the end of the year 2011, providing revenue visibility of 92 percent for 2012, 80 percent for 2013 and 70 percent for 2014.

IAG Losses Soar to €249 Million as Spain Recession and High Oil Prices Hurt

International Airlines Group, the parent company of British Airways and Iberia, has posted a first quarter loss of €249m.

JP Morgan bank reveals shock trading losses of £1.2bn

Something's gone horribly wrong at America's biggest bank, JP Morgan. It seemed to emerge from the big financial crash of 2008 pretty much unscathed, but now it's announced massive trading losses of £1.2bn.

JPMorgan Suffers $2bn Loss In Hedging Due To Bad Judgment

JP Morgan CEO Jamie Dimon admits that bad investment strategies in the firm's hedging arm caused a huge trading loss.

Shale Gas Explorer Caudrilla to Start Fracking in UK

Shale gas explorer Cuadrilla has found more natural gas in the UK shale rocks than in Iraq.

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