General Motors won't tackle pension talks with UAW until 2015: Vice chairman

NEW YORK: General Motors Co will wait until its next round of labor talks in 2015 before negotiating with the United Auto Workers about the automaker's U.S. blue-collar pension obligation, GM's vice chairman said on Friday.

Pay up or dry up - Egyptian gas at a crossroads

LONDON (Reuters) - An offshore gas find in the Nile Delta is strong new evidence that Egypt has the resources to end power cuts and get export income flowing again. Its challenge is to persuade wary international oil companies to develop them.

Blackberry reports $965m second quarter loss

Blackberry has reported a second quarter net loss of $965m (£600m) following a slump in sales. The company warned investors last week that it would report a loss of up to a billion dollars, due to poor sales of its new smartphones.

Nokia defends former chief Stephen Elop's golden handshake

Nokia chairman Risto Siilasmaa on Thursday defended an 18.8 million euro ($25.4 million) payoff to former chief executive Stephen Elop as part of Microsoft's takeover of its mobile phone unit.

PPI: firms failing on complaints

An investigation by the City regulator has uncovered "serious problems" with the handling of payment protection insurance complaints at two-thirds of the firms it looked at.

The Economist: “The Fed's have-it-both-ways policy”

R.A., regarding Bernanke’s Jackson Hole speech, your column notes that you “found the tone on monetary policy to be confusing and timid.” Expectations now turn to what President Obama will say next week and what the Fed will do (or not do) when they next meet. Uncertainty again prevails.

Alexander Mirtchev

China lifts Facebook ban ... a bit - report

After years of being locked out of China, Facebook and several media companies have been given the green light in the country -- sort of.