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Opening day at Heathrow Airport's grand new Terminal 5 turned sour as severe baggage handling delays led to numerous flight cancellations, stranding many irate passengers.

He has rubbed shoulders with presidents and prime ministers, but the respected London-based philanthropist now faces bribery allegations, which he vows to fight

NEW YORK (Reuters) - Fannie Mae's and Freddie Mac's regulator will allow the mortgage financiers to raise as much as $20 billion in capital as part of an agreement that lets them buy more debt securities, Bloomberg News said on Friday.

NEW YORK (Reuters) - Sen. Charles Schumer on Friday called for a rethinking of the U.S. financial regulatory system, perhaps moving toward a single regulator, following the collapse this month of Bear Stearns Cos .

NEW YORK (Reuters) - bank of america Corp said it has agreed to pay $28 million to Countrywide Financial Corp Chief Operating Officer David Sambol to induce him to run the merged companies' consumer mortgage operations.

The rules of supply and demand helped boost profit to levels not seen in 35 years.

Troubled investments in short-term securities brought an auditor's warning that money could run out by May. The firm said it has plans to raise more cash.

WOLFSON Microelectronics' shares plunged close to an all-time low yesterday after the company admitted to a morale-crushing supply contract loss centred on the next genera

ARDANA shares bounced back yesterday after the Edinburgh-based biotech firm said raising the "for sale" sign had prompted a high level of interest.

Opposition, lawyers, advocacy groups overwhelmingly oppose bill and the broad powers it grants to immigration minister