Latest financial, market & economic news and analysis | Business

Nokia turns to Microsoft exec as it ousts embattled chief

Mobile phone maker brings in Microsoft's Stephen Elop as it struggles to compete with Apple iPhone and Google Android handsets
BP oil spill prompts Q3 results delay

Gulf oil spill means BP is to delay publication of third-quarter results as company requires more time to prepare figures
OECD cautions over cuts as global slowdown continues

Thinktank suggests UK coalition rethinks austerity measures and advises G7 against raising interest rates
Connaught contracts snapped up by Morgan Sindall construction group

Morgan Sindall's £28m deal for the failed social housing group Connaught rescues 2,500 jobs but many positions remain at risk

Howard Panter, theatrical ambassador

Friday interview: The head of Ambassador Theatre Group has more clout than many higher-profile impresarios. By David Teather
Robert Chote to head OBR

Chancellor George Osborne appoints Institute for Fiscal Studies director to take helm at independent watchdog
- Viewpoint: Robert Chote is right man for OBR
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Blackwell owner gives bookseller to staff
David Montgomery leaves Mecom
Sales hit at HMV and Argos
Morrisons reveals plan to take on rivals
BAE to cut 946 UK jobs

Markets latest

Financial data from Reuters Share prices are updated with a 15-minute delay. Data is not intended for trading purposes. Important disclaimer.

US homeowners flock to Florida event in desperate bid to save properties

More than 20,000 American borrowers to hit Palm Beach as Naca's five-day mortgage modification marathon gets under way

A better way to fix the US housing crisis

Joseph Stiglitz: Government policies to prop up the housing market not only have failed to fix the problem, they are prolonging the agony
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Market forces live

Response: Any measure of job quality must look at many factors including pay and working hours, says Stephen Overell

Response: Yes, there are shortages and the system is expensive. But fees would not fix it, says Francoise Shenfield

Andrew Simms: Twinings is just the latest example of how the lords of finance have wrecked the great British company

Goldman Sachs's £17.5m fine is an embarrassment

Nils Pratley: It's a trifling sum by the bank's standards. But the public revelation of such defective corporate controls will hurt more
Goldman Sachs fined £17.5m by FSA over failure to report US fraud case

The Wall Street bank failed to notify the City watchdog when Fabrice Tourre, the banker at the heart of the Abacus case, was accused of fraud by the SEC
Goldman Sachs fined £20m by FSA

Goldman Sachs penalised after admitting FSA was not informed of American investigation
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