And in the real world... GM, Standard Life, Apple, BAA and more

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

The World...latest business news
The World...latest business news

Concerns are mounting that General Motors is planning job cuts across its European operations if its sale of GM Europe is blocked.
Source: The Independent

Standard Life has confirmed that it is appointing the finance director, David Nish, as its new chief executive.
Source: The Daily Telegraph

BAA launched an attack on the Competition Commission, claiming that there was an "intolerable conflict of interest" in an inquiry forcing the sale of three BAA airports.
Source: Financial Times

The New York Times is to cut 100 jobs in its newsroom, about 8 per cent of its journalists, as it deals with a collapse in ad revenues.
Source: The Guardian

The Institute of Directors said the state pension age should rise to 70.
Source: Financial Times

Apple profits surged 47 per cent on iPhone and Macintosh computer sales in the latest quarter.
Source: Financial Times

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