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Times Online August 8, 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.

Also you can now download our series of free podcasts exploring the business ideas that are changing the world at www.timesonline.co.uk/businessideas

Today's top stories

House prices back to 2006 and still falling

Drop in house prices has wiped £22,000 off the value of the average home, erasing two years of financial gains for owners

Citigroup in $7.6bn bond settlement

The US financial services group will pay a $100 million civil fine to settle charges that it mis-sold bonds to customers

BA four charged with criminal price-fixing

Office of Fair Trading breaks new ground in prosecution over alleged conspiracy to set fuel surcharges on long-haul flights

Iranian tycoon raises his stake in Woolworths

Targetfollow Group boss buys seven million shares, taking his holding in the high street retailer to more than ten per cent
OTHER HEADLINES
Analysis chevrons

Is Tom McKillop to resign from RBS?

The bank's loss will be as much as £1.7 billion and you can already write the script of excuses by those running the show
Markets chevrons

Tempus: Friends ... Smith & Nephew ... Cobham

Friends Provident takes a slide with wrong priorities ... S&N recovers some of its poise ... Cobham demonstrates economic resilience

Boots partnership ... Ladbrokes falls ... Cains for sale

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