BBC Business Headlines

US economic growth slows to 2.4%
US economic growth slowed between April and June, with GDP growing by an annualised rate of 2.4%, the US Commerce Department says.


Strikes and ash extend BA losses
BA reveals a steep quarterly loss of £164m after being hit by cabin crew strikes and disruption caused by the volcanic ash cloud.


Disney sells Miramax film studios
Walt Disney announces the sale of its Miramax film division for about $660m to a group of private equity investors.


Sale of EDF's UK networks agreed
A consortium headed by Hong Kong billionaire Li Ka-Shing agrees to buy the UK networks of French power group EDF for £5.8bn ($9.1bn).


Deadline for tax credits renewal
Families face missing out on financial assistance if they miss Saturday's deadline to renew tax credits.



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Business Blogs

NY Times Economix

Are We a Nation of Property Owners?
Whatever people's political beliefs about the role of government, they are likely to continue to rely on the government for retirement benefits and health care, an economist writes.

America's Laziest States
A ranking based on how each state's residents report spending their time each day.

A Fed Member Warns of Deflation
In a new paper, James Bullard of the St. Louis Fed says the central bank's stated policy of maintaining interest rates "exceptionally low" for "an extended period" could lead to one of two steady states.

The New New Deal: Public Money for Private Jobs
Call it W.P.A. Lite: a stimulus program that uses taxpayer funds to put 247,000 unemployed people directly into jobs.


Paul Krugman
Inflationistas And Deflationistas
Everything changes when you're in the liquidity trap.Read more...


Green Business & Technology

Who Turned Out the Lights?: Your Guided Tour to the Energy Crisis Who Turned Out the Lights?: Your Guided Tour to the Energy Crisis
by Scott Bittle and Jean Johnson

We are on the verge of a crippling energy crisis that could undermine our economy and change our way of life. In Who Turned Out the Lights?, Scott Bittle and Jean Johnson, editors of the award-winning nonpartisan Web site PublicAgenda.org, offer a much-needed reality check.



Green to Gold: How Smart Companies Use Environmental Strategy to Innovate, Create Value, and Build Competitive Advantage Green to Gold: How Smart Companies Use Environmental Strategy to Innovate, Create Value, and Build Competitive Advantage
by Daniel Esty and Andrew Winston

The Leading Guide to Driving Growth and Profits Through Green Strategy -- Now Revised and Updated



The Myth of the Oil Crisis: Overcoming the Challenges of Depletion, Geopolitics, and Global Warming The Myth of the Oil Crisis: Overcoming the Challenges of Depletion, Geopolitics, and Global Warming
by Robin M. Mills

With oil around $100 a barrel, drivers wince whenever they pull into the gas station and businesses watch their bottom lines shrink. "Watch out," say doomsayers, "it will only get worse as oil dries up."



A Declaration of Energy Independence: How Freedom from Foreign Oil Can Improve National Security, Our Economy, and the Environment A Declaration of Energy Independence: How Freedom from Foreign Oil Can Improve National Security, Our Economy, and the Environment
by Jay Hakes

A former national energy official offers a viable plan for American energy independence. A Declaration of Energy Independence takes a nonpartisan, honest approach to these fundamental questions and obliterates the political and economic myths of both conservatives and liberals. Jay E. Hakes combines real facts and solid science with historical context to ask the right questions and propose the best answers. After educating readers on the facts, A Declaration of Energy Independence goes on to offer an seven-point plan for breaking free from the costly energy trap and enhancing American influence abroad.



Go Green: How to Build an Earth-Friendly Community Go Green: How to Build an Earth-Friendly Community
by Nancy H. Taylor

GO GREEN is an indispendable resource for the grown-up greenies who have accepted the philosophy and are ready to spread it. There is a huge movement already underway toward going green, living sustainably, and creating a smaller carbon footprint.



Global Warning: The Last Chance for Change Global Warning: The Last Chance for Change
by Paul Brown and Gerd Leipold

Scientists may still be discussing what caused the disappearance of the once-dominant dinosaurs, but there is no doubt among any of them what is causing the current round of mass extinctions. It is mankind.



Untapped: The Scramble for Africa's Oil Untapped: The Scramble for Africa's Oil
by John Ghazvinian

Although Africa has long been known to be rich in oil, extracting it hadn't seemed worth the effort and risk until recently. But with the price of Middle Eastern crude oil skyrocketing and advancing technology making reserves easier to tap, the region has become the scene of a competition between major powers.



Black Gold: The New Frontier in Oil for Investors Black Gold: The New Frontier in Oil for Investors
by George Orwel

Modern living is driven by oil, from the gasoline that propels our cars to the electricity that powers our homes to the military that protects our freedom. Throughout the twentieth century, a relatively uninterrupted supply of oil has fueled our nation's unparalleled growth.



Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy Twilight in the Desert: The Coming Saudi Oil Shock and the World Economy
by Matthew R. Simmons

Without question, Saudi Arabian oil fields provide the rest of the world with its most plentiful, low-cost oil resource. The question is how long can they continue to keep these critical pipelines open. Twilight in the Desert answers that question with keen examination instead of unsubstantiated posturing.