The Big Apple

Philip Morris sees 23 per cent profits jump

Sales go up 15 per cent in Europe despite indoor public smoking restrictions in Britain, France, Germany and Portugal

Smokers give Philip Morris 23% profit jump

The widening of smoking restrictions fail to stop march of cigarette brand as sales jump for second quarter

Lion Capital snaps up FoodVest in £1.1bn deal

Private equity firm adds to its range of iconic brands with acquisition of Findus and Young’s, the frozen food businesses

Supermarket fuel price war brings drivers relief

Asda and Morrisons have joined Tesco and Sainsbury's in cutting the cost of unleaded and diesel fuel

Unilever lets Bertolli oil slip off

The £500m that Unilever is receiving is almost twice Bertolli's annual sales, which is pretty tasty for a commodity food business

Unilever sells Bertolli to Spanish Grupo SOS

One of the world's bestselling olive oils has been sold by Unilever to Spain's second-largest quoted food group for €630m

Domino's Pizza delivers large rise in profits

The UK's biggest pizza delivery company has benefited from the middle-classes trading down from restaurants to takeaways

Indy and Transformers are heroes for Hasbro

America's second-largest toy company said second-quarter profits rose to $37.5 million from $4.8 million a year earlier

Thousands hurt by 'toxic gas from Chinese sofas'

The British cases have been linked to an estimated 100,000 sofas sold by Argos, World of Leather and Walmsley Furnishing

Unilever sells Bertolli olive oil for €630m

Marmite-to-Magnums maker has sold its olive oil and vinegar business to Grupo SOS as part of €2 billion asset disposal

Amazon conflict with Hachette will run and run

Over the past 15 years publishers have retreated before the mighty negotiating power of the bookselling chains

Online bookseller wages price war

Amazon is in conflict with the Hachette Group over terms and discounts and is refusing to sell its titles

Cut-hroat business lies behind gentle facades

Bookselling is necessarily tough because there are no significant own-brand books or exclusive products

Nike withdraws Air Stab shoe

The pledge to discontinue range comes after two security guards at the Niketown store in London were attacked with knives

Barack Obama, the budding protectionist

Mr Obama was looking pretty foolish when the board of Anheuser-Busch recommended the $52 billion offer from Belgium’s InBev