Ratings agency Standard & Poor's set to pay the price for daring to strip the US of its AAA credit rating amid reports of a probe into its ratings of toxic mortgage-backed bonds before the credit crunch... more
Police decided to 'shoot first and ask questions later' when they shot dead two unarmed people and wounded four others in the chaotic aftermath of Hurricane Katrina, a court hears... more
Goldman Sachs expects to be served subpoenas from U.S. prosecutors seeking more information about the firm's mortgage-related business, the Wall Street Journal reports.... more
Google Inc says it has set aside $500 million to settle the U.S. Justice department's probe into the company's online advertising practices, signalling yet another row with the regulators... more
The U.S. Federal Trade Commission watchdog may launch a monopoly investigation into Google's dominance of the Internet search industry, according to reports ... more
Goldman fraud claims: Goldman Sachs bosses claim their firm actually lost more than $100 million (£65 million) on the allegedly fraudulent mortgage-related product it helped to create... more
With strikes, snow and now worries over its alliance with American Airlines, British Airways boss Willie Walsh faces a bleak Christmas and a distinctly unhappy new year... more
Businessman once hired to help look for Madeleine McCann who is wanted by US authorities over an alleged fraud was arrested at a hotel, according to sources... more
The three-way alliance between British Airways, American Airlines and Spain’s Iberia is facing the kind of delay that passengers may find familiar ... more
Leisure: Online poker is on the up as PartyGaming, the company behind market leader PartyPoker, said sales in the fourth quarter were up 3 per cent
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The lack of spare cash in drinkers’ pockets appears to be having a detrimental effect on the UK’s big pub chains, judging by the collapse in their share prices this year.... more
Stock markets have delivered a massive vote of confidence, or perhaps it was thanks, to JPMorgan Chase for its bailout of stricken investment bank Bear Stearns... more
Exclusive: After high-profile allegations this season, Charlton's manager is pleased the issue is now being addressed but says the authorities still have plenty of work to do
Morning:
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