Daily Business News Round Up 14/09

The Artesian blog takes a look at the business headlines, For personalised daily news, contact Artesian

Obama to urge financial overhaul - US President Barack Obama is poised to call on Congress to approve an overhaul of the US regulatory regime.

In a speech to mark one year since the collapse of Lehman Brothers bank, he will also mount a vigorous defence of his administration's economic policies. (full story)

ITV product placement 'is worth millions' - Troubled ITV stands to reap tens of millions of pounds in new revenue under Government plans to allow US-style product placement on television.

In a watershed week for the struggling broadcaster, the Competition Commission is also poised to publish its provisional findings into the contract rights renewal (CRR) system that dictates how much the company can charge advertisers, while Tony Ball , the former chief executive of BSkyB, is likely to be confirmed as ITV chief. (full story)

Cadbury seeks to bolster investors against Kraft - Cadbury will this week bolster its defences against a £10.2 billion takeover offer from America's Kraft Foods as management prepare to urge shareholders on Wednesday to reject the deal.

In a robust letter published in full today, Roger Carr, chairman of the Dairy Milk-maker, tells Irene Rosenfeld, chairman and chief executive of Kraft, the proposal is “unappealing” and a threat to Cadbury's plan of becoming the world's preeminent pure play confectionery and chewing gum company. (full story)

Union Boss: Hands Off Public Sector Jobs - A union leader is expected to tell colleagues that a true economic recovery will only be evident when public services are safe from cuts.

A key battleground has opened up ahead of the next General Election - and all sides seem to agree it is public spending that will decide the winner. (full story)

London retail sales tumble to cast doubt on the sector's recovery curve - London's retailers will today create shockwaves by posting their worst monthly sales for four years, ahead of results this week from some of the UK's biggest store groups that will provide a health check for the high street leading up to the critical Christmas trading period.

The department stores Debenhams and John Lewis, the fashion retailers Next and French Connection, the DIY group Kingfisher, and the furnishings chain Dunelm will all update the market this week. Further August sales data will be unveiled by the Office for National Statistics on Thursday. (full story)