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Wachovia loss and job cuts cast fresh cloud

America's fourth-biggest bank posted a record loss of nearly $9bn, dealing a further blow to the embattled banking sector

Edeus discount to tempt borrowers

Sub-prime lender is offering a discount of 8% to homeowners who repay their mortgage early in the wake of the credit crunch

Trump's son looks east in search of fortune

His father made his fortunes in America, but Donald Trump Jr is to set up a $1bn fund to invest in Indian property

MInerva mulls new £258m offer from Limitless

Proposed offer from Dubai property group for City developer boosts share price although investors sceptical of success

Lion Capital snaps up FoodVest in £1.1bn deal

Private equity firm adds to its range of iconic brands with acquisition of Findus and Young’s, the frozen food businesses

Supermarket fuel price war brings drivers relief

Asda and Morrisons have joined Tesco and Sainsbury's in cutting the cost of unleaded and diesel fuel

Motor Show players emphasise green credentials

General Motors wants Europe to give emissions 'super credits' to carmakers that manufacture vehicles with low emissions

BAE may spark bidding for e-borders company

A bidding war looms for security technology company Detica, after its shares rose by almost a third, valuing it at £465m

Roche pursues Genentech to fight off rivals

Swiss drugs company Roche made a $43.7bn cash bid for the remaining stake in Genentech, its San Francisco-based partner

Roche bids $44bn for Genentech stake

Swiss drugs giant launches offer for its US partner to gain control of its cancer drugs and new medicines

Abu Dhabi to buy stake in General Electric

The move will see an $8 billion joint venture set up to provide commercial finance in the Middle East and Africa

Boeing tests Pentagon over tanker protest

US aircraft manufacturer admits it has stretched its Pentagon relationship with protest over Airbus tanker contract

Enterprise suffers as it helps out pub tenants

Tenanted pub operator profits under pressure from sharply declining beer volumes and the need to provide financial support

English entrepreneur to buy Real Mallorca

Paul Davidson aka "the Plumber" to take over football team Real Mallorca for around £50m to boost Spanish business

Daily Mail advertising revenues plunge 5%

Regional newspaper property and recruitment sales continue to fall as deterioration spreads to national titles

BSkyB in digital music battle with Apple

BSkyB plans to take on iTunes with a new subscription-based digital music service, likely to be priced around £10 a month

BP suffer blow to Russian venture

The oil giant is to pull out 60 technical specialists from Moscow, in a fresh defeat in its battle for control of TNK-BP

Oil prices at six-week low as storm fears fade

Oil prices have tumbled as it looks increasingly unlikely that a hurricane will disrupt output in the Gulf of Mexico

Commercial pressures build on public service

For a police force investigating multiple murders, carrying out forensic tests can be like having a very expensive taxi meter running

Forensic agency offers payment by results

The Forensic Science Service, which carries out tests for UK police forces, is experimenting with no-win, no-fee charges

Moulton's Floors-2-Go calls in administrators

Britain's biggest wood and laminates flooring retailer falls victim to the sharp downturn in consumer confidence

Alchemy's Floors-2-Go calls in the administrators

Almost 100 staff made redundant and 41 stores shut as the flooring retailer becomes the latest credit crunch victim

Yahoo! vulnerable after 19% profits fall

Search engine giant may be forced to reconsider a deal with Microsoft after income plunged in the second quarter

SCI Entertainment set to make £100 million loss

Tomb Raider group is to launch next game in series in November but gives warnings on write-offs and product launches

FTSE rebounds on Vodafone's surprise £1bn buyback

London opens 60 points higher after the mobile phone giant defies reaction to yesterday's surprise sales warning

Vodafone slumps as chill hits telecoms

The world's biggest mobile phone company warns that the European telecoms market is not immune to economic slowdown

United Airlines sheds more jobs as fuel rises

US airline is to shed 13 per cent of its workforce and cut more than a sixth of its domestic routes in attempt to cut costs

Fuel prices cost United Airlines 7000 jobs

The US airline plunges to a $2.73bn loss in the quarter, compared with a profit of $274m in the same period last year

Water groups seek more power over non-payers

Water companies want to be given the ability to pursue customers who do not pay bills knowing they cannot be cut off

Tempus comment: Slippery customers

Water companies are not able to cut off non-payers or even threaten them, leading to fears bills will not be paid