IBM reported second quarter net income up 8% after strong growth in sales of both its computers and software.

The price of gold jumps above $1,600 an ounce for the first time as debt worries in the US and Europe escalate.

More than a fifth of all households in the UK were affected by fuel poverty in 2009, government figures show.

Cisco, the world's largest computer networking manufacturer, will cut its workforce by as much as 9%, trimming 6,500 jobs.

Airport operator BAA must sell Stansted and either Glasgow or Edinburgh airports, the Competition Commission says in its final ruling.

Swiss pharmaceuticals giant Novartis has reported a rise in quarterly profits thanks to a jump in sales of recently-launched drugs.

Greene King is to buy Capital Pub Company for £70m, beating rival brewing and pub chain Fullers, whose offer was rejected last month.

Chinese search engine Baidu signs a deal with leading music labels, ending years of legal wrangling over rights.