US stock markets close lower amid continuing concerns about the deteriorating health of the economy.

The price of oil dips at the end of trading in New York, but remains near record levels.

Car-maker Volkswagen announces a record number of cars sold in 2007, sending profits up 40%.

Profits at media giant Vivendi rose 8% after a strong performance at its pay-TV business.

Northern Rock says its deputy chief executive David Baker is stepping down early.

Gazprom, Russia’s gas monopoly, says it will cut supplies to Ukraine by 25% on Monday.

US consumer spending rises 0.4% in January as pressures grow on household budgets, official data shows.

The gambling group Rank sells its pension scheme, transferring it to investment bank Goldman Sachs.

The Office of Fair Trading is to pay up to £100,000 for information about illegal cartels.

One of the Middle East’s biggest sovereign wealth funds warns against tighter EU regulation.

Nationwide apologises to 7,500 NI customers after money they withdrew was not debited from their account.

Gordon Brown warns retailers he will force them to cut down on plastic bag use if they do not act voluntarily.

Swiss Re reports an 87% fall in quarterly profits after it was hit by bad debt insurance payouts.

C&C, the maker of Magners cider, says revenues have fallen in the past year after cider lost popularity.

Microsoft says it plans to cut the cost of its Windows Vista operating system sold at retail outlets in 70 countries.

Gaming group Rank braces for a difficult year after 2007 profit was hit by the smoking ban and a consumer slowdown.

The number of new mortgages approved for house buying rose very slightly in January, figures show.

The dollar falls to a fresh record low against the euro as traders bet on further US rate cuts.

Media giant Viacom sees a 16% rise in quarterly profit, boosted by DVD sales of the hit Transformer movie.

SCI Entertainment, the owner of the Tomb Raider games, announces steep losses and a major business revamp.

SCI Entertainment, the owner of the Tomb Raider games, announces steep losses and a major business revamp.

A London-based hedge fund falls victim to the credit crisis after losses linked to the US housing market.

India is to cancel the debt of its small farmers in a giant scheme that will cost 600bn rupees ($15bn; £7.6bn).

Classic FM owner GCap Media turns down an improved takeover approach from rival Global Radio.

Oil prices rise again in early Friday trading, hitting another all-time high on strong demand and the weak dollar.

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