And in the real world... Carphone Warehouse, Tesco, Adidas, Kraft and more

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

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

Carphone Warehouse is close to finalising a deal to buy Tiscali's UK assets this week. The purchase would make Carphone Warehouse the second biggest broadband operator in Britain. 
Source: The Times

Tesco has cut its prices and imported cheaper stock in its Irish stores to halt cross-border shoppers, who have taken advantage of the pound’s weakness against the euro by buying in Northern Ireland.
Source: The Guardian

Adidas has blamed the recession for a 97 per cent fall in quarterly pre-tax profits to €5 million (£4.43 million).
Source: The Times

Kraft has seen sales of its macaroni cheese dinners in the US increase by more than 10 per cent in the first quarter of 2009 as people turn to budget food.  It also saw an increase in ready-to-eat frozen DiGiorno and Jack’s pizzas, powdered drinks and desserts.
Source: The Financial Times

The scientific publisher Elsevier has said it failed to meet its own standards for accuracy and transparency when it falsely presented a publication sponsored by the pharmaceutical company Merck as an independent academic journal.
Source: The Financial Times

BAA, the UK airports operator, has seen a sharp fall in passenger traffic at Gatwick and Stansted, leading to a substantial increase in losses at its three London airports in the first quarter of 2009.  Separately, the Competition Commission has ordered BAA to sell Stansted and either Glasgow or Edinburgh airport to improve competition in the UK.
Source: The Financial Times

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