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Microsoft contests $1.4bn EU fine
Microsoft appeals against a $1.4bn fine given for defying sanctions imposed on it for anti-competitive behaviour.

Citigroup to shed $400bn assets
US bank giant Citigroup aims to sell $400bn of assets over the next three years to bolster its financial position.

Burma cyclone raises rice prices
Rice prices rise for a sixth straight day as supplies continue to be stretched after cyclone damage in Burma.

Weak dollar narrows US trade gap
The US trade deficit shrinks by more than expected as the weak dollar leads to a surge in exports, figures show.

Supply fears push oil beyond $126
Crude oil has hit yet another all-time high in Friday trading, as strong demand and supply fears continue.

Big fall in French factory output
French industrial output falls four times more sharply than expected in March, raising concerns about the economy.

BA confirms June move for flights
British Airways will begin to move its long-haul flights to Heathrow's Terminal 5 from June, the firm confirms.

Centrica warns over wind farms
Centrica warns that the prospect of making money from wind farms is looking "marginal" due to high costs.

UK interest rates stable at 5%
UK interest rates are held at 5% by the Bank of England's Monetary Policy Committee, as inflation concerns persist.


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