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HP sales fall short of forecasts
Computer firm Hewlett-Packard sees a drop in first-quarter sales, as it attempts to turn itself around under new chief executive Meg Whitman.

Peacocks sold but 3,100 jobs lost
Fashion retailer Peacocks is sold out of administration to Edinburgh Woollen Mill, saving 6,000 jobs, but 3,100 staff will be made redundant.

Peugeot boosted by alliance talks
Peugeot shares jump 12% after the carmaker confirms it is in talks about possible "co-operations and alliances".

CBI seeking 'targeted' tax cuts
The CBI calls on the government to give a £500m boost to business in the Budget through a series of "targeted and modest" tax cuts.

Bank members voted for £75bn QE
Minutes show two of the Bank of England's Monetary Policy Committee wanted more money pumped into the economy, sending sterling down on the currency markets.

Obama seeks US corporate tax cut
US President Barack Obama proposes a cut in corporate tax and an end to tax loopholes, as part of his election-year strategy on the economy.

Hotels chain to create 3,000 jobs
Intercontinental hotels, which owns the Holiday Inn and Crown Plaza hotel brands, says it will create 3,000 jobs in the UK.

Greek MPs consider bailout laws
Protests take place outside parliament in Greece, as MPs consider emergency laws after a 130bn-euro bailout deal.

Air Asia hit by high fuel costs
Malaysian budget airline Air Asia reports a 56% fall in fourth-quarter profit, hurt by higher fuel costs.

South Korea wins Navy tanker deal
The Royal Navy selects South Korean firm Daewoo for a £452m deal to build four new fuel tankers.

PPI payments 'hit £1.9bn in 2011'
Banks paid out £1.9bn in compensation in 2011 for the mis-selling of payment protection insurance, a watchdog says.

Travis Perkins profits jump 37%
Travis Perkins, the owner of Wickes, reports a jump in profits thanks to a strong performance in the building trade, but warned that the retail DIY market remains tough.

EU court to rule on Acta legality
A controversial anti-piracy agreement is to be referred to the EU's highest court due to concerns surrounding internet freedoms.

New targets for tax inspectors
Tax inspectors will target the motor trade, market stallholders and clothing sellers as they extend their campaign against tax dodgers.