http://www.ft.com/Financial TimesFedEx said it would cut executive salaries and freeze hiring in 2009 as it expects economic conditions to worsenhttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1218200810264386642008-12-18T09:01:20.0000000-05:00PwC, KPMG and Ernst & Young, three of the 'big four' accountants, and an arm of BDO International, the fifth largest, were all auditors of the feeder funds which channelled money into Madoff fundshttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1218200808264486502008-12-18T08:11:42.0000000-05:00The pound dropped to a fresh record low against the euro, breaking through the £0.95 level for the first time, as the prospect of further interest rate cuts from the Bank of england continued to punish the currency.http://us.ft.com/ftgateway/superpage.ft?news_id=fto1218200810505486662008-12-18T06:25:14.0000000-05:00Britain's public finances slid further into the red in November, with a drop in tax receipts – principally on income – contributing to a current budget deficit of £13bn against a shortfall of £8.1bn the year beforehttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1218200805384286302008-12-18T05:24:41.0000000-05:00Retail sales unexpectedly picked up in November helped by sales of food, but general retailers including department stores suffered a record drop in sales since records began in 1986http://us.ft.com/ftgateway/superpage.ft?news_id=fto1218200805322786292008-12-18T05:20:20.0000000-05:00The quoted private equity investor announced a range of funding changes, saying they were needed 'in the light of a radically changed environment'http://us.ft.com/ftgateway/superpage.ft?news_id=fto1218200803145786122008-12-18T02:59:55.0000000-05:00The government is likely to be forced to pump billions more pounds into UK banks, Charlie Bean, the Bank of England's deputy governor, indicated in an interview with the Financial Timeshttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1218200803024486112008-12-18T02:49:43.0000000-05:00The cash-strapped broadcaster is seeking a tie-up with BBC Worldwide over a possible rescue plan that would involve it injecting up to £500m into a new media companyhttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1218200802510286102008-12-18T02:39:54.0000000-05:00The airlines have put out a joint statement announcing that after detailed discussions they had not been able to proceed with what many had judged a bold gamble to accelerate consolidation in the global airline industryhttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1218200802272386072008-12-18T02:16:05.0000000-05:00Politicians and regulators must appeal directly to institutional investors if they are to break the paralysis in the banking sector, the chief executive of Standard Chartered has warnedhttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1217200820030885892008-12-17T19:54:22.0000000-05:00The fund believed to be the biggest single loser in Bernard Madoff's alleged $50bn "Ponzi" scheme is considering suing PwC, its own accountants, for failing to detect the fraud, as victims start looking for deep-pocketed sources of compensation for their losseshttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1217200818511685732008-12-17T18:40:38.0000000-05:00A rescue package for UK motor companies should be on terms at least as demanding as those of a commercial lender to avoid setting too generous a precedent for other bail-outshttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1217200818272485682008-12-17T18:15:10.0000000-05:00The dollar and sterling plunged and government bond yields in the US and Europe fell to multi-decade lows as investors tried to digest the implications of the Federal Reserve's new near-zero interest rate policy.http://us.ft.com/ftgateway/superpage.ft?news_id=fto1217200814562785142008-12-17T16:58:04.0000000-05:00David Cameron has promised a 'day of reckoning' for bankers and others responsible for the financial crisis. Robert Shrimsley is a fly on the wallhttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1217200814451385092008-12-17T14:32:53.0000000-05:00Colette Bowe, a former civil servant with extensive experience in the business and financial world, as chairman-elect of Ofcom, the broadcasting and telecoms regulatorhttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1217200813025184782008-12-17T12:49:32.0000000-05:00The Opec oil cartel announced a further – and record – 2.2m barrels a day cut on top of the 2m b/d it had pledged since September in an attempt to shore up falling oil prices. http://us.ft.com/ftgateway/superpage.ft?news_id=fto1217200811204384512008-12-17T11:57:10.0000000-05:00The two airlines are making significant reductions in the fuel surcharges imposed on passenger fares several months after the steep fall in crude oil prices began to lower their fuel costshttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1217200812030084582008-12-17T11:49:46.0000000-05:00Bernard Madoff, the New York financier accused of perpetrating an alleged $50bn fraud, was ordered by a US judge to be detained in his Manhattan apartment as his bail hearing was postphoned for a second timehttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1217200811332884522008-12-17T11:23:49.0000000-05:00Woolworths plans to close all of its 807 stores on January 5 after Deloitte, administrator to the collapsed variety retailer, failed to find a buyerhttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1217200816144485432008-12-17T10:24:00.0000000-05:00The banking group reported a fourth quarter loss of $2.2bn from continuing operations, an improvement on the same period last year but worse than what most analysts were expectinghttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1217200810324984462008-12-17T10:21:56.0000000-05:00A large majority of retailers and all sectors of the industry reported falling sales in the first half of December, according to the CBI distributive trades survey, even as stores slashed prices in the run up to Christmashttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1217200807272184222008-12-17T07:14:22.0000000-05:00Ryanair, European largest low fares airline, won a landmark victory on Wednesday in its long-running battle with the European Commission over airport chargeshttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1217200805391584062008-12-17T07:03:02.0000000-05:00Sterling fell to a record low against the euro and lost ground against the dollar after the minutes of the Bank of England's December meeting raised expectations that it would follow the Federal Reserve and slash interest rates aggressively.http://us.ft.com/ftgateway/superpage.ft?news_id=fto1217200810152584442008-12-17T06:28:23.0000000-05:00The pound fell to a fresh low against the euro and was also weaker against the dollar after minutes from the Bank of England's recent meeting raised the prospect of further rate cuts from the current 2 per centhttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1217200806090684112008-12-17T05:56:02.0000000-05:00The upmarket estate agent warned profits for the current year would be 'significantly' below current expectations and it was considering its dividend policy in the light of the downturn in commercial and residential propertyhttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1217200804322983982008-12-17T04:22:47.0000000-05:00The founder of the price comparison website, who retains a 53.7% stake in the company, will become executive deputy chairman, while pursuing other start-up opportunitieshttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1217200804024983972008-12-17T03:49:50.0000000-05:00Competition Commission calls for airports operator should be broken up and three of its seven UK airports – Gatwick, Stansted and Edinburgh – to be soldhttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1217200803513583932008-12-17T03:36:16.0000000-05:00The currency's growing strength puts pressure on the Bank of Japan to cut interest rates from their current level 0.3 per cent to 0.1 per cent at its meeting that starts on Thursdayhttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1216200823504483842008-12-16T23:36:42.0000000-05:00A sale of Wizard Home Loans' Australia unit, whose purchase price could be less than A$100m would further consolidate the country's bank and non-bank lending marketshttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1216200823210383832008-12-16T23:07:51.0000000-05:00Christopher Cox, the chairman of the Securities and Exchange Commission, has called for an investigation of his own agency, saying there were previous multiple failures to investigate allegations of wrongdoing by Bernard Madoffhttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1216200822142783762008-12-16T21:59:57.0000000-05:00The conglomerate promises 'pretty aggressive' cost reductions, shedding at least $5bn in expenses in part through redundancies and lower material costshttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1216200820443783692008-12-16T20:28:54.0000000-05:00Bernard Madoff left behind a trail of 'falsified' and 'unreliable' records, hampering efforts by investigators to unravel the mystery of the $50bn "Ponzi" scheme allegedly perpetrated by the New York broker, officials said http://us.ft.com/ftgateway/superpage.ft?news_id=fto1216200820022183642008-12-16T20:14:54.0000000-05:00US prosecutors reach a significant milestone with Anurag Dikshit, co-founder of PartyGaming, in a decision which will be watched closely by the online gambling industryhttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1216200819512183632008-12-16T18:12:20.0000000-05:00 French lender's corporate and investment banking arm will make a pre-tax loss of €710m in the first 11 months of the year, including a €350m potential loss from exposure to Madoff http://us.ft.com/ftgateway/superpage.ft?news_id=fto1216200816331783262008-12-16T16:21:55.0000000-05:00The private equity group's stock tumbled for the first time below the level of its 1994 flotation amid worries over a fall in the value of its investments and the level of group borrowingshttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1216200816024883242008-12-16T15:49:54.0000000-05:00English team suffer double blow as mobile phone company ends 12-year sponsorship and public funding falls short of expectationshttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1216200815144783002008-12-16T15:01:30.0000000-05:00The US Federal Reserve slashed interest rates from 1 per cent to a new range of 0-0.25 per cent.http://us.ft.com/ftgateway/superpage.ft?news_id=fto1216200814510182902008-12-16T14:35:47.0000000-05:00Peter Mandelson, the business secretary, has indicated that TNT, the privatised Dutch postal company, has shown an interest in buying a strategic minority stake in Royal Mail http://us.ft.com/ftgateway/superpage.ft?news_id=fto1216200811271482222008-12-16T11:16:06.0000000-05:00Goldman Sachs reported a loss of $2.12bn, or $4.97 per share, for the fourth quarter, its first quarterly loss since going public in 1999http://us.ft.com/ftgateway/superpage.ft?news_id=fto1216200809032482022008-12-16T08:52:45.0000000-05:00Opec's two most hawkish members, called on the cartel to double the number of barrels it has already promised to withhold from the market as oil prices continued to trade far below the group's pain thresholdhttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1216200807562881982008-12-16T06:42:12.0000000-05:00The inflation rate fell sharply in November as falling energy prices and a deepening recession cut away upward pressure on prices, although the consumer price inflation index was still higher than the 3.9% forecast by economistshttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1216200805332181642008-12-16T05:22:05.0000000-05:00The UK energy regulator threatened to ban unfair pricing by gas and electricity suppliers, following complaints that companies have not acted fast enough on its instructions to make tariffs fairerhttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1217200812513384732008-12-16T04:14:18.0000000-05:00The owner of the Comet and Darty chains halved its interim dividend payment amid 'very tough' trading conditions, but said its balance sheet remained strong with net cashhttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1216200803443681542008-12-16T03:30:38.0000000-05:00Thousands of individuals who invested in two Legal & General funds that promised to keep their capital safe until 2011 have fallen victim to the collapse of Lehman Brothers. http://us.ft.com/ftgateway/superpage.ft?news_id=fto1215200819092881282008-12-15T18:57:57.0000000-05:00The chief City watchdog has written to life assurers asking them to test their ability to cope with a number of extreme scenarios, including a 40 per cent fall in equity marketshttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1215200819093281292008-12-15T18:57:57.0000000-05:00The biggest shareholder in the UK-listed online gambling company has agreed to plead guilty to a charge relating to illegal web bettinghttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1215200819093281302008-12-15T18:57:57.0000000-05:00The government was forced to rule out a full postal sell-off as the Conservatives and unions launched advance attacks on proposals for the servicehttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1215200818331581182008-12-15T18:22:50.0000000-05:00Some of Germany's largest companies are to pledge to avoid mass job cuts as part of Berlin's second multibillion-euro fiscal stimulus package to be unveiled early next yearhttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1215200817144880972008-12-15T17:00:29.0000000-05:00Smokers have been granted the right by the US Supreme Court to sue Altria Group and other tobacco companies over claims their marketing tactics for 'light' cigarettes are deceptivehttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1215200814324580442008-12-15T14:55:18.0000000-05:00The fallout from Bernard Madoff's alleged fraud spread through the global financial system yesterday as more banks revealed exposure to his brokerage firm, and hedge funds, charities and other investors were left nursing possible big losseshttp://us.ft.com/ftgateway/superpage.ft?news_id=fto1215200815032880572008-12-15T14:47:17.0000000-05:00