AP - GlaxoSmithKline PLC voiced some optimism over its new product development this year, while reporting a return to profit in the fourth quarter when it reaped the benefits of lower restructuring costs and reduced overheads.
Reuters - Music stars from every decade of Queen Elizabeth's 60-year reign, ranging from Shirley Bassey to Jessie J, will perform at a concert outside Buckingham Palace in June to celebrate the British monarch's diamond jubilee.
AP - Anglo-Swiss mining group Xstrata PLC announced plans Tuesday to merge with commodities trading giant Glencore International PLC in a deal that will create the world's fourth largest natural resources group.
AP - MOTHER LODE: Anglo-Swiss mining group Xstrata PLC announced plans Tuesday to merge with commodities trading giant Glencore International PLC in a deal that will create the world's fourth largest natural resources group.
AP - PAYING DIVIDENDS: BP PLC raised its quarterly dividend by 14 percent after posting double-digit gains in profit and revenue in the last three months of 2011.
AP - British lawmakers from across the political spectrum voiced anger Tuesday at a court decision to release an imprisoned extremist cleric, saying the man described as one of Europe's leading al-Qaida figures could be free during the London Olympics.
Reuters - Thousands of Britons were swapping the office for the comforts of working from home this week as government and businesses tested ways of avoiding transport gridlock during this summer's Olympics in London.
AP - BP PLC has raised its quarterly dividend by 14 percent after posting double-digit gains in profit and revenue in the last three months of 2011 despite further big payments to compensate for the disastrous oil spill in the Gulf of Mexico.