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BG Group set to invest up to $5bn in Brazil
Spending would be used to develop huge but technically challenging offshore 'pre-salt' oil fields
FT.com

Gift Cards in a Gloomy Economy: A Losing Bet?
They may not be the most thoughtful presents in the world, but they sure are convenient. Gift cards relieve shoppers of having to find the perfect size, style, and color of any item on a shopping list. They also avoid scenarios where what the buyer views as desirable is antithetical to the receiver's outlook. Consequently, consumers spend billions on these small plastic 'gifts' each year.
E-Commerce Times

Bernanke: Banks need more help
THE US Federal Reserve Chairman says government spending alone can't guarantee recovery, and more steps to help banks are needed.
News.com

Tesco gets ready for `very tough` year
Supermarkets group confirms its place towards the bottom end of the league table for UK food retailers over the Christmas period, reporting a 2.5% increase in UK like-for-like sales
FT.com

SIG debt increased by pound`s slide against euro
The pre-Christmas slide in sterling against the euro helped unravel efforts by SIG, Europe's leading supplier of insulation materials, to reduce debt
Telegraph

Chase to spend $375 million on overhauling WaMu’s California branches
’s California branches with the Chase name on March 30. The overhaul of WaMu’s 708 bank branches will cost $300 million and another $75 million will be spent opening 20 more Chase branche...
Big News Network

Fed`s Lacker Warns against Unbridled Lending from the Fed
(CEP News) - Jeffrey Lacker said if the Federal Reserve does not control its ongoing spending to bailout U.S. businesses, they could knock markets off balance. The comments are a repeat of comments made on Jan. 9.
Economic News

Poor Christmas sales dent Metro profit
The German retailer warns of a 'difficult' year to come after it raised sales last year but made less profit than forecast
FT.com

Washington Post Names 2 Managing Editors
The new editors are Elizabeth Spayd, who has held top posts in the paper's digital and print newsrooms, and Raju Narisetti, who spent years at The Wall Street Journal.
NYtimes.com

Regulators: We need the second half of TARP
Federal regulators urged Congress Tuesday to release the $350 billion in remaining bank bailout money, even as they lobbied for a different approach to spending the remaining funds.
CNN

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