And in the real world... Sony Ericsson, Ryanair, Volkswagen and more

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

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

Sony Ericsson, the troubled mobile phone manufacturer, has appointed Bert Nordberg as its new president. Nordberg will take on the role in October, replacing the outgoing Dick Komiyama.
Source: Financial Times

Ryanair is moving all but one of its ten routes from Manchester Airport to "lower-cost competitor airports" such as Leeds Bradford and Liverpool, in a bid to cut costs. The changes will result in Manchester Airport Group losing 44 flights per week, and around 600,000 passengers a year.
Source: Daily Mail

A record number of Volkswagen cars were sold in China last month as the car-maker continues to take advantage of the government stimulus packages from around the world.
Source: The Guardian

The recent stock market recovery appears to have come to a halt after shares across the world tumbled yesterday.
Source: The Daily Telegraph

Top directors at the 100 largest UK-listed companies have taken home £312.5 million in the past year, despite seeing the value of their companies fall by more than £420 billion in the same period.
Source: The Wall Street Journal

The Association of British Insurers is proposing a new scheme that would banish guaranteed bonuses, one of the most controversial aspects of bankers' pay.
Source: The Guardian

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