Business news for Fri, 28 Mar 2008 & with word facing. 7 news.

Robert Tchenguiz, the property entrepreneur facing heavy losses on stakes in retailer J Sainsbury and pub group Mitchells & Butlers, accusing the boards of both companies of failing to maximise shareholder value from their property assets

Food producers are facing labour shortages as hard-working migrant workers are starting to turn their back on Britain and return home, union leaders warn

Italy has made satisfactory progress in controlling cases of mozzarella cheese found contaminated by cancer-causing dioxins and is not facing any EU trade ban at this stage, the European Commission said

Lehman Brothers shares fell the most in a week after options traders speculating the bank is facing funding shortages increased bearish bets on the stock. The company said the speculation is unfounded. Lehman declined 8.9 percent to $38.71. The...

Tibet remains volatile. China faces a dilemma Nearly two weeks after peaceful protests in Lhasa escalated into violent anti-Chinese riots, the situation in Tibet remains volatile. An uneasy calm prevails in Lhasa amid the arrest of hundreds of alleged rioters, but reports of further protests and a crackdown by the security services continue to emerge from other Tibetan-populated areas of south-west China, particularly in the provinces of Gansu, Qinghai and Sichuan. Although government restrictions have made the details of these reports difficult to verify, it seems clear that the Chinese authorities are facing the country's most serious episode of minority unrest since the last large-scale Tibetan protests, in 1989. As the unrest continues to simmer, the Tibet issue has become increasingly prominent internationally, posing a dilemma for China's government. The government's official assessment of the nature and causes of the unrest has focused on the violence in Lhasa against ethnic Han and Hui Chinese, which it says was deliberately instigated by the Tibetans' exiled spiritual leader, the Dalai Lama, in an effort to challenge China's sovereignty over Tibet and to sabotage the 2008 Beijing Olympic Games. This view has been advanced in combination with high-profile articles in the state-controlled media attacking the Western media's allegedly biased coverage of the protests in Lhasa. ...

Facing a cash crunch, Sacramento's Pacific Ethanol Inc. completed a badly needed $40 million stock sale Thursday.

Heather Capital, a hedge fund run by Scottish millionaire Gregory King, is to launch a ?1bn fund targeting distressed property sellers.