And in the real world... GM, Argos, Royal Mail and more

by Matt Williams, campaignlive.co.uk 03-Jul-09, 09:35

LONDON - Today's round-up of the biggest business stories.

A new General Motors could emerge from bankruptcy next week providing a federal judge approves a restructuring plan.
Source: Financial Times

Home Retail Group, the owner of Argos and Homebase, has come under fire from angry investors after it approved a scheme to pay some management staff bonuses amounting to up to 150 per cent of their salaries.
Source: Guardian

The Government has come under increased pressure to guarantee the pensions of 450,000 Royal Mail workers, after trustees said that they were very disappointed by a recent ministerial U-turn.
Source: The Times

ESPN is teaming up to launch a joint bid with BSkyB for the rights to screen the Scottish Premier League from next season. The rights are available following the collapse of Setanta, which had agreed a £125 million four-year deal last year.
Source: Independent

Game Group, the computer games retailer that has 1,367 stores, concessions and franchises worldwide, has reported a 15.4 per cent year on year fall in sales.
Source: Guardian