Tue, 06 Jan 2009 00:33:40 +0000
The Wall Street fund manager accused of a 50bn fraud should be jailed immediately for breaking bail conditions say prosecutors.

Tue, 06 Jan 2009 00:06:40 +0000
The US car industry had its worst year since 1992 with December sales falling by more than a third underlining the dire state of consumer confidence in the world's largest economy.

Mon, 05 Jan 2009 23:31:01 +0000
A ban on the shortselling of financial shares will be lifted by the Financial Services Authority FSA this month but compulsory disclosure will remain in place for a further six months the regulator said.

Mon, 05 Jan 2009 23:00:05 +0000
Bernard Madoff the Wall Street fund manager accused of a 50bn £34m fraud should be jailed immediately for mailing "very valuable" jewellery to his relatives while under house arrest US prosecutors have argued.

Mon, 05 Jan 2009 21:51:16 +0000
Compulsory disclosure on the shortselling of financial shares will remain in place for a further six months says the Financial Services Authority FSA.

Mon, 05 Jan 2009 21:20:22 +0000
Liberty the London department store famous for its mockTudor building behind Regent Street said that sales over December "exceeded expectations" and almost matched last year's record Christmas.

Mon, 05 Jan 2009 20:43:22 +0000
On the same day the Tories unveiled plans for financial crisisrelated tax cuts the Germans chose to embrace "crass Keynesianism" writes Richard Fletcher.

Mon, 05 Jan 2009 20:38:56 +0000
Regulators should have spotted Bernard Madoff's alleged 50bn £34bn fraud earlier given the "red flags" raised by others according to the chairman of a US Congressional hearing.

Mon, 05 Jan 2009 20:18:39 +0000
Hopes were rising last night that Waterford Wedgwood the china and crystal group could be saved after administrators Deloitte revealed they had met with a potential buyer.

Mon, 05 Jan 2009 19:33:19 +0000
Russian Prime Minister Vladimir Putin orders staterun gas company to cut supplies 20 per cent "starting today".

Mon, 05 Jan 2009 19:05:32 +0000
Tesco has upped the ante in the ongoing supermarket price war by cutting the cost of around 3000 staple goods by £100m.

Mon, 05 Jan 2009 18:01:21 +0000
Midmarket private equity firm HgCapital has sold the last of its dotcom investments to MasterCard for 100m £690m.

Mon, 05 Jan 2009 17:34:14 +0000
Americans must prepare themselves for a steep decline in the dollar a former Bank of England policymaker has warned.

Mon, 05 Jan 2009 17:31:41 +0000
More people are setting up new business ventures than should be at this stage of the recession economists say.

Mon, 05 Jan 2009 17:26:21 +0000
One of the most famous bookshops on London's Charing Cross Road will close within weeks following declining sales brought on by the credit crisis.

Mon, 05 Jan 2009 16:54:36 +0000
Phorm the controversial online advertising group plans to expand into foreign markets and possibly TV after the successful completion of a largescale trial with BT.

Mon, 05 Jan 2009 16:34:38 +0000
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Mon, 05 Jan 2009 16:32:45 +0000
Adams Childrenwear the clothing retailer that went into administration on Christmas Eve has axed 850 staff and closed 111 stores.