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Times Online June 16, 2008

BUSINESS BULLETIN


Dear Reader

Visit Times Online today for dynamic business news and views, market charts and sector analysis, plus your chance to comment.

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Today's top stories

AIG chief steps down after big losses

Martin Sullivan resigned at an emergency board meeting and will be replaced immediately by AIG chairman Robert Willumstad

HBOS property exposure under spotlight

UK Shareholders' Association said the bank should be more forthcoming about potential losses on property investments

US Air Force row threatens UK contracts

The forced resignation of the top two officials in the service will have a ripple affect across the defence industry

Saudi Arabia increases oil output

World's biggest oil exporter prepared to raise output by 200,000 barrels a day next month, says UN chief Ban Ki-Moon

OTHER HEADLINES
Analysis chevrons

Two sliding sectors do not a recession make

If there were going to be a US recession over the credit crisis, it would have started by now. But where is the evidence?

Markets chevrons

Saudi Arabia increases oil output

World's biggest oil exporter prepared to raise output by 200,000 barrels a day next month, says UN chief Ban Ki-Moon

Aker Yards deal ... Retail sales ... SP sell Stolichnaya

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