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Judge revokes bond for financier Stanford

A federal judge revoked the bond of Texas financier R. Allen Stanford, ordering he be kept in jail while he awaits trial on charges alleging he swindled investors out of $7 billion.

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Consumer confidence slipped in June

Jeanne Murphy, of Topsfield, Mass., shops at Home Depot, Monday, June 29, 2009 in Danvers, Mass. Consumers' confidence in the economy, which had surged in April and May, fell in June, the Conference Board said.Americans — whose hope for the economy had been rising since March — unexpectedly lost faith this month, pushing down a widely watched barometer.


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Chrysler Financial to cut 9 percent of workers

Chrysler's former financial arm said Tuesday that it will reduce its work force by 9 percent, or more than 300 employees, as it restructures operations after losing its preferred lender status with the automaker.

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National Express boss to resign

Richard Bowker, the chief executive of transport group National Express, will step down, the BBC has learned.

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Costs hit low income households

Rising costs are hitting the incomes of those on minimum household budgets, the Joseph Rowntree Foundation says.

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Latest news, explainers and advice on coping with a recession

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Businesses regret links with slavery

Rothschild, the merchant bank, and Freshfields, the City law firm, have become the first UK businesses to say they "greatly regret" their links with slavery

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Embattled National Express chief to go

Richard Bowker announces his resignation from the UK bus and rail operator just hours before it is to make a crucial trading statement and days after it rejected a rival's takeover offer

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BAE misses out on $1.1bn truck contract

BAE Systems, Europe's biggest defence contractor, has missed out on a billion-dollar contract to provide mine-resistant offroad vehicles to the US Army

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