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FT News
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Citi crisis deepens as shares fall further
Citigroup's board was locked in talks in an attempt to halt a crisis of confidence in the troubled financial services group that has seen it lose more than half its market value in three days
Duke to replace Scott as Wal-Mart chief
Wal-Mart, the world's largest retailer, surprised investors with the announcement that Lee Scott, chief executive since 2000, would retire in February as the retailer flourishes amid the broad economic downturn
Geithner poised for Treasury secretary post
Tim Geithner, president of the Federal Reserve Bank of New York, is expected to be nominated as Barack Obama's Treasury secretary, according to Democrats close to the decision
Bankers are latest pantomime villains
Never mind wicked stepmothers, ugly sisters and evil witches. As London's pantomime season gets under way for the Christmas season, there is a new villain in town – the banker
More than 80,000 jobs cut in just five days
At east 80,000 job losses were announced around the world this week as the global recession tightened its grip in virtually every business sector
Ireland's big banks poised to consolidate
Ireland's three largest banks are coming under mounting government pressure to merge with their smaller rivals as Brian Lenihan, the Irish finance minister, seeks to strengthen the sector
Retailers to ramp up price cutting
Marks and Spencer's 'guerrilla' sale caught the competition on the hop and sparked copy-cat discounting across the high street as retailers scramble to step up price cutting in the run-up to Christmas
Campaigners give up battle for HBOS
Two men call an end to their campaign following a government statement which raised 'hurdles' and that sent a clear message independence would not be supported
Hidden cost of price-comparison websites
Borrowers who shop around could be unwittingly damaging their credit worthiness
La Caixa confirms talks over Repsol stake
La Caixa, the Spanish bank, confirmed it was in talks with Russia's Lukoil about selling its stake in Repsol. However, any deal would be contingent on Sacyr also agreeing to sell its stake in the Spanish energy group to the Russian group
Woolies on brink as lenders fail to commit
Business faces the threat of administration as lenders fail to give their support for a refinancing deal that would save the high street group from a bleak future
Shipping avoids Suez on piracy fears
The Suez Canal, the international waterway crucial to Egypt's economy, faces a dramatic decline as shipping companies shift to other sea routes to avoid Somali pirates
Private equity picture remains bleak
The head of one of Europe's biggest private equity groups painted a bleak picture for his industry, predicting substantial job cuts at buy-out firms, as they suffer heavy losses on many recent deals, sparking lawsuits with some investors
Eurozone activity at slowest in a decade
The eurozone's recession is deepening rapidly, with private sector activity contracting this month at the fastest rate for at least a decade, a closely watched survey has indicated
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BBC Business News
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US shares up on 'Treasury choice'
US shares rise sharply on reports that President-elect Barack Obama has chosen his treasury secretary, reassuring investors.
MP criticises energy firm charges
A senior MP says he believes energy companies are increasing customers' direct debit payments by more than is needed.
Economy boost may mean pain later
Alistair Darling may be forced to set out future taxes rises to pay for a short-term boost to the economy, the BBC understands.
Repossession of homes up by 12%
The number of properties repossessed by mortgage lenders rose by 12% to 11,300 in the third quarter of the year.
Citigroup plunges on uncertainty
Shares in Citigroup, one of the biggest banks in the US, fell sharply on Friday amid uncertainty over the company's future.
Honda Swindon closing for 50 days
Honda is to cut production in Japan and Europe and close its Swindon plant in the UK in February and March next year.
Catalogue sales face PPI checks
The sale of payment protection insurance alongside goods sold in catalogues should be restricted, says the Competition Commission.
Meat inspectors vote for strike
Meat hygiene inspectors across the UK vote in favour of strike action in a row over work patterns and overtime payments.
Property sales rise in October
Property sales rose by 8% in October, according to the latest figures from HM Revenue & Customs.
Post Office told to stamp out Britain's 'waiting culture'
A watchdog calls on the Post Office to stamp out lengthy queues for customers and says too many businesses assume customers are happy to queue.
British teenagers remain optimistic about jobs in face of downturn
Most young people are confident of finding a job despite the economic downturn, a survey finds.
Financial test
The challenge of a pre-Budget report in hard times
World Cup wobble
Will South Africa's 2010 World Cup be hit by a downturn?
Tread carefully
Employers cannot just sack staff they disagree with
Robert Peston
Pre-Budget report: Taxes to fall and then rise
Pickle 'n' mix
How did we fall out of love with Woolworths?
Present worries
Concerns over Christmas gifts' safety
EU warns against car subsidy race
EU Competition Commissioner Neelie Kroes tells France and Germany not to start a "subsidy race" to save the car industry
Bankers give up on HBOS campaign
The two leading bankers who had hoped to stop Lloyds TSB taking over HBOS abandon their plan for independence.
BBC local video scheme rejected
The BBC Trust rejects controversial plans to launch a £68m network of local news websites with video content.
Eurozone business activity falls
Business activity in the 15 countries sharing the euro falls in November to a ten-year low, the purchasing managers' index (PMI) shows.
Gap profits higher than expected
American clothes retailer Gap defies Wall Street forecasts and reports higher-than-expected third quarter net profits.
Banks 'must kick-start lending'
Banks must start lending again or face being named and shamed, the Treasury Select Committee chairman says.
Oil prices seen steady below $50
Oil prices steady on Friday after hitting their lowest level in three-and-a-half years a day earlier
Fullers upbeat amid downturn
Fuller, Smith & Turner says it is confident it will "cope well" even though the UK economic outlook did "not look good".
Asbestos victims win 'test case'
Asbestos-related cancer victims and their families have won an important test case over access to compensation.
Toyota upbeat about latest model
Japanese car maker Toyota defends bringing out a new model despite slashing its earnings forecast for 2008.
Italian telecoms talks collapse
Hutchison Whampoa subsidiary 3 Italia fails to reach a merger agreement with Telecom Italia because of price disagreements.
RBS boss apologises over losses
Royal Bank of Scotland (RBS) chairman, Sir Tom McKillop, says he is "profoundly sorry" for the bank's financial difficulties.
Japan keeps rates at 0.3%
Japan's central bank keeps its key rate unchanged at 0.3% on Friday but warns of an uncertain outlook.
Dell sees quarterly profits slip
US computer maker Dell sees its quarterly profits fall as customers around the world buy fewer computers.
No agreement for US car bail-out
US carmakers are given a deadline to produce a viable recovery plan if they want a $25bn government bail-out.
Singapore officially in recession
Singapore downgrades its growth figure, which confirms it was Asia's first country in recession in the current crisis.
Recession fears hit Wall Street
Wall Street shares fall steeply for the second day in a row, amid investors' growing fears of a protracted economic downturn.
Revenue in new offshore tax trawl
Offshore tax dodgers will be facing a second round of investigations by HM Revenue & Customs next year.
Retail sales bring scant comfort
Sales on the UK's High Streets fell by a lower-than-expected 0.1% in October, Office for National Statistics figures show.
House sales rise as prices fall
Property sales rose slightly in October, for the second month in a row, the National Association of Estate Agents says.
October mortgage lending picks up
Mortgage lending rose by nearly 7% between September and October, figures from the Council of Mortgage Lenders show.
Latvia to seek support from IMF
Latvia becomes the second European Union country to seek the International Monetary Fund's help to stabilise its financial system.
Russia pushes Ukraine on debt
Russia demands Ukraine to repay a $2.4bn gas debt, raising fears of a renewed dispute which could disrupt supplies to Europe.
IMF approves $2.1bn Iceland loan
The International Monetary Fund approves a $2.1bn (£1.4bn) loan for Iceland, after its banking system collapsed in October.
EU reaches deal on farm reforms
EU ministers agree to reform farm policy by moving more subsidies away from production and liberalising the dairy market.
Russian oil giant circles Repsol
Spanish savings bank La Caixa may sell its 14% stake in Spanish-Argentine energy firm Repsol to Russia's Lukoil.
Peugeot Citroen cuts 2,700 jobs
French car company Peugeot Citroen announces plans to shed 2,700 jobs because of falling demand in Europe.
Rolls-Royce plans 2,000 job cuts
Aircraft engine maker Rolls-Royce says it plans to cut between 1,500 and 2,000 jobs in 2009, including 140 in the UK.
Robert Peston's blog: Keep up-to-date with the latest business analysis
For the latest business analysis
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