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Mazda buys its shares from Ford
Japan's Mazda Motor spends 17.8bn yen to buy back almost 7% of its shares from troubled US carmaker Ford Motor.
Daewoo leases African plantation
South Korean firm Daewoo says it is leasing a vast tract of land in Madagascar, which will produce half of its corn supply by 2023.
Italian telecoms talks collapse
Hutchison Whampoa subsidiary 3 Italia fails to reach a merger agreement with Telecom Italia because of price disagreements.
The Pawsitive Pet
Petsitting, dog walking, and dog training in your home. Over 9 years professional experience. Bonded, Insured, and Certified in Pet First Aid/CPR. Member of PSI and APDT - Fraser, Michigan
Nationalisation threat to banks

The Government is using the threat of a wholesale nationalisation of banks in an attempt to force institutions to lend billions to small companies struggling to survive as Britain slips into recession.

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.
Opec 'lost $700bn on cheaper oil'
Opec members have lost about $700bn (£467bn) because of falling crude prices, the oil cartel's president is quoted as saying.
Bee crisis
Collapse of bee colonies could hit the EU economy
Citigroup considers fire sale as shares dive

Citigroup assembled its board to "think the unthinkable" yesterday, with a fire sale or a break-up of the financial giant on the table.

Private equity targets Bank of Ireland

Bank of Ireland revealed yesterday that it had received a number of "unsolicited approaches" from prospective bidders looking to take stakes in Ireland's biggest bank by assets. The news sent the bank's shares up 24 per cent to €1.25 (£1.06).

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.
Japan keeps rates on hold at 0.3%
Japan's central bank keeps its key rate unchanged at 0.3% on Friday but warns of an uncertain outlook.
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.

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