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1754: Golf was formalised at St Andrews with the foundation of the St Andrews Society of Golfers. Twenty-two ‘Noblemen and Gentlemen’ contributed to a silver club to be played for annually over the Links of St Andrews. The first winner was Baillie William Landale, a St Andrews merchant, who became Captain for the year.

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BBC Business - News Items

Second negative month for sales
Tuesday, May 13, 2008 - 12:00 AM - 4 hours, 33 minutes ago - Business - BBC Business
UK retail sales fall for the second month in April, according to the British Retail Consortium.

HP confirms in talks to buy EDS
Monday, May 12, 2008 - 10:20 PM - 6 hours, 14 minutes ago - Business - BBC Business
Hewlett-Packard confirms that it is in talks to buy the IT services provider Electronic Data Systems.

EDS shares up on HP buyout report
Monday, May 12, 2008 - 09:49 PM - 6 hours, 45 minutes ago - Business - BBC Business
Shares in EDS rise by 28% on reports that it is close to being taken over by Hewlett-Packard.

Venezuela takes over steel firm
Monday, May 12, 2008 - 08:59 PM - 7 hours, 35 minutes ago - Business - BBC Business
Venezuela's President Hugo Chavez nationalises the country's biggest steelmaker, Ternium-Sidor.

Oil price resumes its record run
Monday, May 12, 2008 - 06:05 PM - 10 hours, 29 minutes ago - Business - BBC Business
The oil price rises to a record high, picking up from last week when it set new records every day.

US court allows apartheid claims
Monday, May 12, 2008 - 05:01 PM - 11 hours, 33 minutes ago - Business - BBC Business
The US Supreme Court says it cannot consider a lawsuit brought by victims of apartheid against a number of firms.

Rebound in pension fund finances
Monday, May 12, 2008 - 04:55 PM - 11 hours, 39 minutes ago - Business - BBC Business
Final salary pension schemes offered by private employers have bounced back into the black in April, says the PPF.

More credit woe for bond insurer
Monday, May 12, 2008 - 04:33 PM - 12 hours, 1 minute ago - Business - BBC Business
US bond insurer MBIA posts a net loss of $2.4bn for the past three month period reflecting the credit market slump.

Supermarkets lead brand chart
Monday, May 12, 2008 - 03:51 PM - 12 hours, 42 minutes ago - Business - BBC Business
Supermarkets take four of the top five places in a chart of the most valuable brands on the UK High Street.

Retail boss fined over PPI sales
Monday, May 12, 2008 - 03:17 PM - 13 hours, 16 minutes ago - Business - BBC Business
Land of Leather and its chief executive have been fined over a lack of training for staff selling payment insurance.