And in the real world... ID cards, T-Mobile, Lloyds Banking Group and more

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

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

In his first major announcement as Home Secretary, Alan Johnson has confirmed that British citizens will never be forced to sign up to the Government's controversial identity card scheme.
Source: Independent

O2, the largest mobile phone company in the UK, is said to be interested in looking at the books of T-Mobile, the Deutsche Telekom-owned operation that has also been in talks with Vodafone regarding a possible sale.
Source: Guardian

Lloyds Banking Group is preparing to cut another 2,100 staff, taking the total number of job losses at the group to more than 7,000.
Source: Independent

Sir Win Bischoff, the former chairman of Citigroup, has been tipped to take on the role as the new chairman of Lloyds Banking Group.
Source: Financial Times

Pirc, the influential shareholder advisory body, has recommended that Marks & Spencer shareholders vote to re-elect Sir Stuart Rose as executive chairman, providing the company agrees to take all reasonable and practical steps to bring forward the appointment of an independent chairman by 2010.
Source: Independent

The UNI Tesco Global Union Alliance has criticised Tesco's treatment of staff in a number of foreign countries, stating that the retailer "forces" employees to work up to 20 hours a week of unpaid overtime.
Source: Independent

The entertainment retailer HMV has reported that its pre-tax profits have risen from £52 million to £61.3 million in the year ending 25 April, thanks to the collapse of a number of its high-street rivals and an aggressive push into the computer gaming market.
Source: Financial Times