And in the real world... BA, Setanta, Alan Johnson, Chrysler and more

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

In the real world... today's news
In the real world... today's news

The Premier League is ramping up the pressure on Setanta as the ailing sports broadcaster braces itself for administration. In a bid to halt the ramifications on the sporting industry, the Premier League has called for a turnaround from investors who are ready to let the company fall.  Source: Financial Times

British Airways is gearing up for possible industrial action after announcing to its 14,000-strong team of cabin crew that it plans to axe 2,000 jobs. After informing staff last week, it is understood BA has begun making contingency plans for strikes during the peak holiday season.  Source: The Times

Three Indiana pension funds that hold stakes in Chrysler have caused a last-minute setback to the car manufacturer's proposed sale to a group lead by the Italian car-maker, Fiat. The stakeholders called for the US Supreme Court to delay the sale minutes before the restructuring deal was due to be ratified at 4pm yesterday.  Source: Financial Times

A report from the Royal institution for Chartered Surveyors has revealed that London's housing market is set to recover faster than the rest of the UK. The research revealed that estate agents in the capital are gearing up for a rise in house prices – the first for two years.  Source: Financial Times

A ComRes survey has revealed that if the Home Secretary, Alan Johnson, replaced Gordon Brown as Prime Minister, he could lead Labour to victory at the next General Election. The poll reported that if the party remained under Brown's leadership, the Conservative Party would win with a majority of 74.  Source: The Independent

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