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THE FTSE is likely to plummet further towards the psychologically damaging 5,000-mark as Britain enters an economic "black hole", analysts are warning. Market traders

FIRST Minister Alex Salmond will be warned this week that he must soften his tough stance on green energy and build a new generation of conventional power stations if Scotland

JOHN Lewis Partnership is hoping to lift the gloom surrounding the high street after signing up the supermodel Karen Elson for its biggest ever advertising campaign.

Under the plan, the U.S. Treasury Department will buy billions of dollars in new mortgage securities issued by the companies and inject an unknown amount of capital into them.

NEW YORK/EVERETT, Washington (Reuters) - Boeing Co's 27,000-strong machinists' union walked off the job on Saturday after the plane maker failed to improve its contract offer following two days of emergency talks.

As the economy sputters and consumers look to save money, the privately held supermarket chain Aldi is suddenly emerging as a major force in the grocery business.

The Long-Term Capital fiasco momentarily shocked wall street out of its complacent trust in financial models and was replete with lessons, but the lessons were ignored.

LOS ANGELES (Reuters) - Thomas O'Brien, the U.S. Attorney for California's Central District, is emerging as a likely prosecutor in criminal cases expected from the U.S. mortgage meltdown.