And in the real world... Apple iPhone, Aviva, GM, beer and more

LONDON - Today's round-up of the biggest business stories.

World news... round up
World news... round up

General Motors has revealed a dramatic restructuring proposal that would see US taxpayers take a majority shareholding in the car giant, in an attempt to avoid bankruptcy. As part of the proposals, GM also plans to shut 13 of its 47 plants, losing 7,000 staff and taking its total staff losses to more than 20,000 by 2010.
Source: Financial Times

Aviva's shares jumped 5 per cent after market concerns over a rights issue were resolved following better-than-expected first quarter results. The news came shortly after Nic Nicandrou, the finance director of its UK life assurance business, announced he was moving to rival Prudential.
Source: Financial Times

Verizon Communications, the majority owner of the Verizon Wireless US mobile phone operator, is in discussions with Apple over the sale of a version of the iPhone. Sources close to the talks suggest that Verizon hopes to sell an iPhone that utilises CDMA wireless technology.
Source: Financial Times

Harriet Harman, the Equalities Mnister, has announced plans to introduce laws that would force companies to meet quotas on the number of woman or ethic minority workers it employs.
Source: The Daily Telegraph

The Takeover Panel has raised concerns over the acquisition of a 13 per cent share of Media Square by Anthony Gill, a Yorkshire entrepreneur.
Source: The Daily Telegraph

Supermarket and off-licence beer sales have plummeted 11 per cent year on year in the first quarter of 2009, marking the biggest decline since 1997. The figures, compiled by the British Beer & Pub Association, are in stark comparison to the same quarter last year when off-trade beer sales rose 13.2 per cent.
Source: Financial Times

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