The BBC is to slash spending on its online services and close two radio stations in a shake-up which follows criticism of its market dominance, it announced Tuesday. Digital radio stations BBC Asian Network and BBC 6 Music will close from next year as part of a strategic review of the BBC's strategy designed to boost programme funding, said ...

BBC Director General Mark Thompson was on Tuesday to lay out plans for the biggest shakeup in the corporation's recent history, in a move expected to see it slash radio, TV and online services as well as cutting jobs. The plans, details of which were leaked to The Times last week, are likely to include reducing its number of ...

Manchester United will be punished by the English Premier League if manager Alex Ferguson keeps boycotting the British Broadcasting Corporation in the upcoming season. Ferguson — the most successful manager in British soccer history — has refused to speak to the BBC for six years since an investigation ...

Losses at Royal Bank of Scotland narrowed sharply last year, the state-rescued lender said Thursday as it prepared to dish out bonuses reportedly totalling 1.6 billion pounds. RBS suffered a net loss of 3.6 billion pounds in 2009 -- a major improvement on a record shortfall of 24.3 billion pounds suffered the previous year. While the bank said ...