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Patricia Kane, Mail on Sunday21 January 2007 Staff at the country's biggest nursing union have voted for strike action after discovering a £51m black hole in their pension fund. WANT TO KNOW MORE? MORE: Women win pensions refund REPORT: Pensions watchdog bans trustee who lied REPORT: WHS closes final-salary pension scheme OTHER STORIES Revealed: Secret casino plan Insurers ...

Jon Rees, Mail on Sunday21 January 2007 BskyB boss James Murdoch is set to leave the satellite broadcaster in the summer to be replaced by Tom Mockridge, head of Sky Italia. WANT TO KNOW MORE? MORE: ITV to renew ITN deal REPORT: Sky faces probe into £940m ITV share raid MORE: NTL abandons ITV bid OTHER STORIES Woolies in shock call for cash Market report: Friday close Watc ...

Tom McGhie, Mail on Sunday21 January 2007 Royal Mail has 'lost' 2.bn business letters - one in eight - to private competition in the past 12 months, Financial Mail can reveal. TOUGH: Royal Mail's Allan Leighton. WANT TO KNOW MORE? MORE: BT, British Gas dump Royal Mail REPORT: Royal Mail loses £12m government deal OTHER STORIES Revealed: Secret casino plan Insurers' £2bn storm bill Market report: Friday close Tesco in £500m green drive Surprise D ...

General Electric has reported record annual earnings, boosted by strong performances at its infrastructure and healthcare businesses. Earnings rose 11% to $20.7bn (£10.5bn) at the conglomerate, the world's second biggest firm by market capitalisation. News of the rise in profits came hours after GE agreed $8.2bn deal to buy two medical testing businesses from US firm Abbott Laboratories. GE added that its TV network NBC was gaining audience share in the US. Meanwhile, group's global in ...

(Updates with full report) AMSTERDAM (AFX) - Amsterdam shares closed higher, mirroring a stronger Wall Street, while Hagemeyer rose on the solid results of a market peer, dealers said. The AEX closed 0.31 pct or 1.59 points higher at 507.12, after trading in a range of 502.75-507.19. Government bonds traded higher and the euro stood at 1.2956 usd versus 1.2946 usd late yesterday. The AEX trade ...

CHICAGO (AFX) - Motorola Inc. CEO Ed Zander said Friday the cell-phone maker will cut 3,500 jobs, or 5 percent of its work force, as it moves to improve operating costs after a disappointing fourth quarter. Zander, speaking to analysts at a meeting in New York, said the move will save the company about $400 million over two years. The cuts from Motorola's work force of about 70,000 a ...

WAKEFIELD, Mass. (AFX) - Real estate investment trust Franklin Street Properties Corp. said Friday its board declared a regular quarterly dividend of 31 cents per share. The dividend is payable Feb. 20 to stockholders of record at Jan. 31. Franklin Street Properties operates in two business segments -- real estate operations and investment banking/investment services. The majority of the company ...

ATLANTA (AFX) - Delta Air Lines Inc. on Friday applied to offer nonstop service between Atlanta and Shanghai. The route would connect Delta's biggest hub with the Chinese financial center and offer the first service to China from the U.S. Southeast, the airline said. Delta, which is operating in Chapter 11 bankruptcy protection, said it hopes to begin service on March 25, 2008 using a Boeing 777 ...

PARIS (AFX) - Share prices turned sharply higher in afternoon trade as positive news on the corporate front in France offset negative sentiment on Wall Street, dealers said. At 4.49 pm the CAC-40 index was up 63.97 points or 1.2 pct at 5,619.01 on volume of 6.3 bln eur. On the Matif, the January CAC-40 futures contract expired today at 5,584.5, up 32 points from yesterday's close. The February c ...

CHICAGO (AFX) - Motorola Inc. CEO Ed Zander said Friday the cell-phone maker will cut 3,500 jobs, or about 5 percent of its work force, as it moves to improve operating costs after a worse-than-expected fourth quarter. Zander, speaking to analysts at a meeting in New York, said the move will save the company about $400 million over two years. The job cuts are to be completed by mid-2007. Motorol ...