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Business news from BBC

Business news from BBC

The latest stories from the Business section of the BBC News web site.

Greek parties fail to agree cuts
The Greek prime minister has failed to secure his coalition parties' agreement to fresh austerity proposals, needed to agree a new bailout package.
Chinese prices get New Year boost
China's rate of inflation accelerates to 4.5% in January as consumers raise spending around Chinese New Year.
Lenovo profits continue to soar
Lenovo, the world's second-largest maker of PCs, reports a 54% rise in profits on overseas acquisitions and a jump in sales.
Brazil oil giant Petrobras gets new chief
Meet the woman running Brazil's oil giant
CEO pay not linked to performance
Why chief executives are paid so much
Real still top football rich list
Real Madrid head the list of the richest football clubs in the world for the seventh year in a row, says a Deloitte survey.
News Corp profits swing to growth
Media giant News Corporation sees its net profits rise 65% in the three months to the end of December 2011 compared to 2010.
Groupon reports unexpected loss
In its first set of results as a public company, Groupon reports an unexpected loss of $42.7m (£27.0m), when a small profit had been expected.
Cisco sees profits rise over 43%
US technology giant Cisco says rising quarterly sales show that its cost-cutting plans are bearing fruit.
Nokia to carry out 4,000 job cuts
Finnish mobile phone maker Nokia announced the details of 4,000 job losses on Wednesday at plants in Hungary, Mexico and Finland.