The Times - Business News

The latest business news from The Times and Sunday Times

News Corp reaches for the Sky with takeover offer
News Corporation, the media group headed by Rupert Murdoch, confirmed this morning that it had made an offer to take full control of BSkyB, the satellite broadcaster in which it has a 39 per cent stake.
Economy may never recover from banking crisis, warns OBR
The economy, more damaged by the banking crisis than previously admitted, will grow more weakly and may never fully recover, the new Office for Budget Responsibility (OBR) said yesterday.
China primes house tax to halt runaway prices
China is considering a wealth tax on homeowners as it grasps at new weapons to halt a frantic rise in property prices that many fear poses the biggest threat to the Chinese economy.
Dana Petroleum acquires PetroCanada Netherlands
Dana Petroleum paid £270 million for PetroCanada Netherlands yesterday, it’s biggest-ever acquisition.
FSA calls Sir Fred Goodwin to account over RBS unravelling
Sir Fred Goodwin has been summoned by the Financial Services Authority to answer questions about Royal Bank of Scotland’s management in the run up to its near-collapse in October 2008.