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Excite to lay off 380 employees

01 May 2001

ISP Excite@Home is to slash its workforce for the second time this year as a result of the slowing online advertising market.

Barclaycard to sponsor Premiership football for £48m

01 May 2001

Barclaycard has paid 48m to become the new sponsor of Premier League Football, staving off competition from Vodafone and Siemens.

McDonald's branches out into coffee in US

01 May 2001

Fast food giant McDonald's is opening a line of coffee outlets across the US in a bid to cash in on the country's burgeoning 18bn ( 12.61bn) coffee shop industry.

Kirch increases Formula 1 stake

01 May 2001

German media giant Kirch is raising its stake in Formula 1 rights holder SLEC, after its co-owner in the company, EM.TV, reported a dire set of results with losses three times as bad as expectations.

Nationwide launches iTV banking service

01 May 2001

The UK bank Nationwide is launching an interactive TV banking service today, with a Wap service planned for later in the year.

Reuters wins bidding war for Bridge assets

01 May 2001 | by Louise Banbury

News and information company Reuters has bought the assets of US rival Bridge Information Systems, which has filed for bankruptcy.

MegaStar sold to Sport.com

01 May 2001 | by by Claire Billings

LONDON - United Business Media has sold one of its last remaining consumer websites, MegaStar.co.uk, to sports and data website Sports.com in a deal believed to be worth less than £100,000.

Former AOL marketing chief joins Freeserve

01 May 2001 | by Louise Banbury

Freeserve, the internet portal owned by Wanadoo, has named Keith Hawkins, AOL UK's former group marketing director, to be its new managing director of marketing.

Murdoch rekindles Direct TV bid

01 May 2001

News Corporation chairman Rupert Murdoch has attempted to rekindle his bid to merge Sky Global Networks with General Motors' DirecTV by offering to reduce his stake in the proposed company and rethink its management structure.

EMI and Bertelsmann merger talks under threat

01 May 2001 | by Claire Billings

Music giants EMI and Bertelsmann could call off merger talks this week, as they fail to allay European competition regulators' concerns that the combination would create a company with too much market power.

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