And in the real world... GM, Argos, Royal Mail and more
By Matt Williams, campaignlive.co.uk, Friday, 03 July 2009 09:35AM
LONDON - Today's round-up of the biggest business stories.
A new General Motors could emerge from bankruptcy next week providing a federal judge approves a restructuring plan.
Source: Financial Times
Home Retail Group, the owner of Argos and Homebase, has come under fire from angry investors after it approved a scheme to pay some management staff bonuses amounting to up to 150 per cent of their salaries.
The Government has come under increased pressure to guarantee the pensions of 450,000 Royal Mail workers, after trustees said that they were very disappointed by a recent ministerial U-turn.
Source: The Times
ESPN is teaming up to launch a joint bid with BSkyB for the rights to screen the Scottish Premier League from next season. The rights are available following the collapse of Setanta, which had agreed a £125 million four-year deal last year.
Game Group, the computer games retailer that has 1,367 stores, concessions and franchises worldwide, has reported a 15.4 per cent year on year fall in sales.
This article was first published on campaignlive.co.uk
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