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Times Online April 2, 2008

BUSINESS BULLETIN


Dear Reader

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Today's top stories

US sub-prime losses spiral to $37bn

Marc Ospel quits and 9,000 London staff brace for job cuts as UBS's new losses make it the biggest credit crunch victim

Lehman Brothers gets $4bn confidence vote

The group was dogged by rumours it would follow Bear Stears, but support for a cash call saw shares rise 8.5 per cent

Virgin talks to Dubai over expansion plans

Branson's Virgin wants £12bn backing from DIC to expand its airline, mobile phones and gyms in new markets such as India

Regulator starts action against EADS managers

Resignations thought inevitable after 17 past and present executives accused of trading unlawfully in company's shares

OTHER HEADLINES

Analysis chevrons

Too Swiss or not Swiss enough?

It beggars belief that of all banks, UBS should be the one to emerge as the biggest casualty of the sub-prime meltdown

Markets chevrons

Tempus: Invensys chance at second bite

Invensys has been partly protected from sector downturn: worth buying on weakness. Whitbread: solid buy. AG Barr: hold

Virgin Radio bid... Toyzone job cuts... Royal mail strike

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