Pearson PLC, the owner of the Financial Times, has agreed to sell FT Group to Nikkei Inc. for £844 million (€1.2 billion).

JÉRÔME KERVIEL, the man behind the biggest alleged fraud in banking history, is the first rogue trader to be exposed in the age of online social networking.

A damaging seven-line e-mail from Merrill Lynch, the investment bank, on stoked fears of financial difficulties at Commerzbank, one of the largest banks in Europe, the Financial Times reported on its web site.

Consignia has reportedly struck a deal with trades unions over job losses - avoiding compulsory redundancies and making strike action less likely.

The president of News Corp says the US advertising market is improving.