Today's Companies Headlines

Zoom Airlines suspend all flights
Transatlantic budget carrier Zoom Airlines suspends all operations after applying to go into administration.

Dell pricing policy hits profits
Dell says that a "strategic" effort to cut the prices of its computers, had dented its earnings.

Diageo expects 'challenges' ahead
Diageo, owner of Guinness and Johnnie Walker, says it faces a "challenging" market after seeing little change in annual profits.

EU concern over phone bill trend
Some mobile phone operators across Europe have been rounding up call durations to leave customers with higher bills, the European Commission says.

Hovis maker sees debt level rise
Hovis-maker Premier Foods has seen its profits fall and debt level rise in the first half of the year, on higher raw material prices.

Profits tumble at retailer Sears
US retail group Sears reports a 62% drop in second-quarter profits after struggling to attract customers.

Czech firm plans giant wind farm
Czech power firm CEZ is to build what it says will be Europe's largest onshore wind farm, in a£1.1bn-euro project.

Management shake-up at Fannie Mae
The US mortgage giant announces a shake-up of top executives in an attempt to restore confidence.

Henderson to leave UK tax regime
UK investment fund Henderson Group says it is setting up a new Irish parent firm to cut its tax bill.

Toyota cuts car sales forecasts
Japanese carmaker Toyota cuts its vehicle sales forecast for next year by nearly 7% as Western demand softens.