The Artesian blog takes a look at the business headlines, For personalised daily news, contact Artesian
Network Rail may cut 1,800 jobs - Rail operator Network Rail said it planned to cut 1,800 maintenance jobs by April 2011, the Times newspaper reported on Friday.
"We are discussing our plans with our people and their union representatives and no final decisions have been made," The Times quoted a spokesman for the company as saying. (full story)
Hamleys is hit by £6.9m loss as parents feel an icy credit squeeze - Parents who spent less on their children in the wake of the financial crisis and the fallout from the Icelandic banking collapse resulted in Hamleys, the Regent Street toy shop, swinging to a £6.9 million loss last year.
Sales at the company fell 12 per cent between October and the end of March, flying in the face of the conventional wisdom that parents are reluctant to let their children go without during a downturn.(full story)
Independent wary over ad outlook - Newspaper group Independent News & Media has reported a loss and says advertising will not recover this year.
It made a pre-tax loss of 48.5m euros ($69.6m; £42.7m) for the first six months of 2009, compared with a 96.6m euro profit in the first half of 2008. (full story)
Fed chairman Bernanke falls victim to identity theft - Ben Bernanke, the chairman of the Federal Reserve, has become the latest victim of identity theft.
Mr Bernanke's personal bank account became entangled in an elaborate identity-theft scheme after his wife Anna's purse was stolen last August at a Starbucks coffee shop in Washington DC. According to a police report, it contained her Social Security card, cheque book, credit cards and IDs. (full story)
Facebook Set For Changes After Threat - Facebook has announced it will overhaul its privacy policies after being threatened with legal action.
In July, a report by Canada's privacy commissioner said there were serious gaps in the information given to the site's users and some of their practices may break the country's laws. (full story)
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