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Jon Rees, Mail on Sunday14 January 2007 Britain's premier music company, EMI, is being stalked by private equity firms after its share price plunged following a profits warning. WANT TO KNOW MORE? REPORT: EMI swings axe as sales dive READER SERVICE: Company reports TIPS & TACTICS: Share tips OTHER STORIES Betting merger mania on cards Market report: Friday close Yester ...

The 58-year-old was due to remain in charge of the troubled firm until the end of next year but will be replaced by Tony Hayward, BP head of exploration and production, on August 1.Lord Browne has regularly been feted as the leading businessman of his generation but has come under pressure in recent months over a catalogue of problems at BP, including deaths in a fire at a US refinery and a major  ...

PARIS (AFX) - Share prices closed slightly higher as Wall Street stocks held on to last night's record closing levels, and as gains at Axa offset a plunge from Carrefour, dealers said. The CAC-40 index closed up 7.82 points or 0.14 pct at 5,617.62, on volume of 5.8 bln eur. 21 CAC-40 stocks were up, 16 were down and three were unchanged. On the Matif, January CAC-40 futures were trading up 7.5  ...

(Updates with full report) AMSTERDAM (AFX) - Shares in Amsterdam closed a quiet session slightly higher, with the main index supported by heavyweight Unilever after its chairman said he will resign, dealers said. The AEX closed up 2.68 points or 0.54 pct at 502.84, after opening at 499.44. Government bonds traded flat to lower while the euro stood at 1.2929 usd versus 1.2898 usd late yesterday. ...

FRANKFURT (AFX) - Share prices closed at their highest level in nearly six years, though gains were limited by heavy losses in shares of business software giant SAP. At the close, the DAX 30 index was 17.87 points or 0.27 pct higher at 6,705.17, its highest level since February 2001. The MDAX climbed 32.21 points or 0.34 pct to 9,523.74, while the TecDAX was up 0.26 points or 0.03 pct at 771.36. ...

NEW YORK (AFX) - Ford Motor Co.'s plan to return to profitability by slashing thousands of jobs and closing plants is ahead of schedule, Chief Executive Alan Mulally said Friday. Faced with increasing competition from overseas rivals such as Toyota Motor Corp., Mulally said Ford's restructuring plan, which includes a 29 percent reduction of its total North American work force by 2008, was "a ...

WASHINGTON (AFX) - Perhaps no other medical specialty feels as threatened by the prospect of Medicare reform as cardiologists. They worry that in an effort to lower costs Congress will make it more difficult for doctors to get reimbursed for common yet expensive heart treatments, potentially decreasing the quality of care. Yet while cardiologists fret about the medical and financial implications  ...

NEW YORK (AFX) - Oil prices seesawed around the $52 a barrel mark Friday as traders vacillated between the sentiment that supplies are high and winter demand is low, and new worries that OPEC will cut production. Many traders were seeing crude oil's 15 percent drop since the beginning of the year as a good opportunity to buy back into the market, especially given that OPEC producers might dec ...

(Adds detail, background) LONDON (AFX) - UK oil giant BP PLC said chief executive Lord Browne is to retire at the the end of June this year, and will be replaced by Tony Hayward, currently head of the group's exploration and production arm. In a statement, BP chairman Peter Sutherland said Browne had agreed to step down earlier than his previously flagged departure date of late 2008. "(Bro ...

PARIS (AFX) - Share prices were lower in afternoon trading, turning back from early gains as investors took their cue from a subdued opening on Wall Street, after stronger than expected retail sales reduced hopes of a cut in US interest rates. At 4.18 pm the CAC-40 index stood at 5,607.96, down 1.84 points on volume of 4.2 bln eur. On the Matif, January CAC-40 futures were trading down 0.5 point ...