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T-Mobile boss warns that cheaper SIM-only deals will rise

Sales of SIM card only mobile phone price plans are set to surge in the coming year as customers postpone upgrading, Jim Hyde, the UK chief executive of T-Mobile, has warned.

Citi will cut 52,000 more jobs to slash costs by 20 per cent

Citigroup, the ailing US financial giant, shocked the market yesterday by announcing that it would cut 52,000 jobs by the second half of next year.

Consortium told £950m Trillium buyout will be 'over by Christmas'

Land Securities, the FTSE 100 property giant, has told the consortium bidding for its Trillium outsourcing division that it hopes to conclude the £950m deal around Christmas.

EasyJet reports sharp fall in profits

Budget airline easyJet PLC reported a 45 per cent drop in full-year profits today as higher fuel costs offset a strong gain in revenue.

Yahoo faces up to life after Jerry

After a turnaround plan that never got off the ground, falling profits and a disastrous reaction to his rejection of Microsoft's advances, Yahoo chief executive and founder Jerry Yang has fallen on his sword after 18 months at the helm.

Biggest fall in inflation for 16 years

Inflation is now dropping at its fastest rate for 16 years thanks to falling fuel prices, official figures showed today.

Investment Column: Check out Regus at bottom of the market

Our view: Hold for now

GM workers plead for emergency bailout

A bankruptct filing by General Motors would be the beginning of the end of the US-owned car industry, the president of the United Autoworkers union has predicted.

Investment Column: Platinum demand downturn dents Lonmin

Share price:Hold

Skype sees WiMAX as business opportunity, says COO
October 27, 2008 ( www.MichiganPR.net )

During his visit to Taiwan, Skype COO Scott Durchslag noted that Skype is looking to extend its business operations from PCs to mobile communication devices, with WiMAX being one technology that afford the company potential business opportunities for Skype VoIP services.

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Car hire firm Avis to axe jobs

Car hire firm Avis Europe today said it planned to cut 315 jobs - equivalent to 5 per cent of its workforce - and close some rental locations.

The Week Ahead: Revenue erosion feared in Icap's outlook

The outlook is likely to be key when Icap posts its interim results tomorrow. The inter-dealer broker was sold last week when Morgan Stanley forecast a contraction in earnings next year and investors will no doubt be keen to hear the company's side of the story.

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