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The founder and chief executive of the discount website Groupon, Andrew Mason, has been ousted by the board, following a profits warning.

In preparation for its initial public offering, social media giant Facebook has been valued at between $85 and $95 billion.

New York - It was announced on the New York stock exchange today that shares in the computing and technology giant Apple hit $500 for the first time.

Facebook, the social networking site, has announced plans for a major stock market flotation, seeking to raise $5 billion. This valuation is less than business commentators had previously estimated.

An exposé of the ongoing rip off of the British public by the high street banks with particular reference to a BBC Television "Panorama" programme.

Anchorage - A major oil pipeline in Alaska carrying around 10 to 12 percent of all American output was shut down by BP over the weekend after discovery of a leak and the move is expected to cause already escalating gasoline prices to surge even higher.

Sydney - The Qantas engine drama continues. On Thursday an engine failed, beginning two days of emergency landings for Qantas planes in Singapore. Monday morning in Australia -- minutes ago -- Qantas announced three more engines needing deeper inspection.

Monsanto is under the gun on a number of different issues, and the company has no magic elixir or engineered fix to halt the corporation's plummet from its recent position as Forbe's Company of the Year.

Bishkek - Centerra Gold has confirmed it will continue its mining operations in Kyrgyzstan despite the political chaos engulfing the nation. Its shares also fell 12 per cent on Wednesday.

In a plan being compared to the privatizations that took place in the 1980s the British Conservative Party has announced that it intends to offer the public discounted shares in banks bailed-out by the taxpayer.