The UK's economic recovery is likely to take several years, shadow business secretary Ken Clarke has said.

Steelmaker Corus is expected to cut 3,500 jobs worldwide, including 2,000 in the UK, the BBC understands.

Steelmaker Corus is expected to cut 3,500 jobs worldwide, including 2,000 in the UK, the BBC understands.

John A. Boehner, the House Republican leader, said that many in his party will vote against the economic package unless significant changes are made.

Steelmaker Corus is expected to cut 3,500 jobs worldwide, including 2,500 in the UK, the BBC understands.

Basketball seeks to win through expansion

Creating wealth is welcome but when does greed set in

Reuters - With interest rates already near zero, the Federal Reserve this week will seek to flesh out new unconventional ways to free-up lending, but action may need to await details on how President Barack Obama will tackle the financial crisis.

Reuters - Lenovo (0992.HK), the world's fourth-biggest PC maker, is not planning new lay-offs after a restructuring this month that will axe 2,500 jobs, and expects consolidation in the sector, CEO William Amelio said on Sunday.

Reuters - HJ Heinz could become an acquisition target once credit markets come unstuck, financial newspaper Barron's said on Sunday.

Politicians, not corporate titans, are poised to be the big draw at this year?s World Economic Forum gathering, as power shifts away from the free market.

In a weakening entertainment economy, sales slowed, but did not halt, at the usually more exuberant festival.

A California woman is divorced, with two children, and has a series of interlocking financial problems.

UK cities outside south-east England are likely to be hit hardest by recession, a new report suggests.

Reuters - The French state plans to inject 5 billion euros ($6.5 billion) into banks with the aim of financing airplane purchases to help European planemaker Airbus , a French government source said on Sunday.

As consumers are finding ways to get software, laptops and other products and services at a lower cost, high-margin businesses are hurting.

Reuters - The boards of Pfizer Inc and Wyeth met on Sunday to weigh a possible combination of the two drugmakers that could be valued at roughly $67 billion, sources familiar with the situation said on Sunday.

Reuters - The French state plans to inject 5 billion euros ($6.5 billion) into banks with the aim of financing airplane purchases to help European planemaker Airbus , a French government source said on Sunday.

Reuters - It used to be a prized invitation for Wall Street CEOs and top government officials. But for the U.S. banking elite, a ticket to this year's World Economic Forum in Davos risks becoming as toxic as the mess left over from the subprime mortgage crisis.

Pfizer, the world?s largest drug maker, was racing to reach an agreement to acquire a smaller rival before the stock markets open.

President Obama will direct regulators to move swiftly on an application by California and 13 other states to set strict automobile emissions and fuel efficiency standards.

President Barack Obama and his top advisers sought over the weekend to broaden the appeal of his proposed $825 billion economic-stimulus package.

Members of OPEC have slashed their output by more than three million barrels a day in recent months, temporarily stopping the slide in oil prices.

Video clips of TV shows and behind-the-scenes outtakes are omnipresent online ? but how do they get there?

In a weakening entertainment economy, sales slowed, but did not halt, at the usually more exuberant festival.

The publisher of a small magazine called Hardcore Gamer was determined to keep it alive. So he put it up for sale on eBay and a last-minute savior swooped in.

The latest issue of Cigar Aficionado magazine advises President Obama on relations with Cuba and argues for abolishing preconditions if the United States should re-engage the Caribbean nation.

With significant ratings declines, the networks are extending the runs of old shows and limiting the experimentation seen in recent years.

Promoting an offbeat remedy for digital piracy, the rainy outpost in the Irish Sea is suggesting a fee on Internet service to pay for downloaded music.

A sign of the ailing economy, infomercials are now filling television slots that traditional advertisers like banks and automakers once owned.

The ?Obama Girl? music video attracted 13 million Internet views, twice as many as the Obama campaign?s official videos.

As the Obama administration tackles the challenge of shoring up the economy, cultural leaders are urging the president not to forget arts institutions.

How to Improve.

?Trust Me,? a TNT series set in a Chicago advertising agency, is clever and likeable ? which, incidentally, is what most commercials try to be.

Historically, media companies in New York have seen their Los Angeles-based divisions as wayward children. But now the pointed finger of reproach is going the other way.

Reuters - The boards of Pfizer Inc and Wyeth met on Sunday to finalize a possible combination of the two drugmakers that could be valued at roughly $67 billion, sources familiar with the situation said.

Pfizer, the world?s largest drug maker, agreed in principle on Sunday night to acquire a smaller rival, according to people involved in the talks.

The Obama administration is dancing around a delicate question: Is the president prepared to nationalize much of the nation?s banking system?

President Obama will direct regulators to move swiftly on an application by 14 states to set strict automobile emissions and fuel efficiency standards.

President Obama?s economic recovery plan pours money into old-fashioned public works projects like roads and bridges, but it also has some ambitious 21st century twists.

According to Florida real estate records, Richard S. Fuld Jr., sold his $13.3 million mansion to his wife for just $100 last November.

New York City?s slice of the package could include $1.8 billion in Medicaid savings and at least $1.6 billion in education aid, officials said on Sunday night.

By letting Internet buyers name their price for its 2007 album, Radiohead introduced many people to the retailing strategy called ?pay what you want.?

Reuters - Pfizer Inc , the world's largest drugmaker, was close to a $68 billion purchase of U.S. rival Wyeth in a move to diversify its revenue base, sources familiar with the situation said on Sunday.

Reuters - Bank of America played a role in Merrill Lynch's controversial decision to pay $4 billion in bonuses in December, the Financial Times reported on Sunday.