In the News...

Amazon profits from festive sales

Amazon's sales increased despite the recession.
Profit at online retailer Amazon rose 9% in the final three months of last year, as the company enjoyed a robust holiday shopping season.


Car sector contracts in January

The car industry has been hit by the slowdown
The number of new cars registered in the UK in January declined 30.9% year-on-year, according to industry figures, worse than December's contraction.


Further cut in UK rates expected

The Bank's latest rates decision is due at midday
The Bank of England is widely expected to reduce UK interest rates to 1% from the current 1.5% when it makes its latest monthly decision later.


Obama unveils executive pay cap

President Obama: 'We're demanding restraint in exchange for Federal aid'
US President Barack Obama has announced a $500,000 (£355,000) limit on executive pay at US firms that need substantial fresh government aid.


Vauxhall staff cut working hours

The Ellesmere Port plant stopped production for one month
Staff at Vauxhall's car plants in Ellesmere Port and Luton are taking a cut in pay after agreement was reached to reduce their working hours.