UK & USA Today Editoweb 14 january 2009

Govt says failure to resolve gas dispute 'unacceptable'

Minister for Europe, Caroline Flint, said Wednesday that the failure of Russia and Ukraine to resolve their gas dispute was "deeply worrying and unacceptable".

Rio Tinto appoints Tata deputy as new chairman

Anglo-Australian mining giant Rio Tinto announced Wednesday the appointment of Jim Leng, currently deputy chairman of India's Tata Steel, as its new chairman.

3,000 more jobs lost in downturn

Almost 3,000 job losses were announced within hours of the Government unveiling a multi-billion pound rescue package aimed at unblocking lending to smaller firms hit by the financial crisis.

Catalogue Firm 'Could Axe 1,000'

Around 1,000 jobs are at risk at home retail catalogue company Grattan, according to the union Usdaw.

Stocks tumble on disappointing retail sales

Wall Street extended its 2009 retreat Wednesday, falling sharply after the government issued a dismal reading on retail sales and investors grew increasingly anxious about the banking industry. Major stock indexes lost more than 2.5 percent, including the Dow Jones industrial average, which fell about 225 points, its sixth straight slide.

Pelosi sees passage of stimulus bill next month

Speaker of the U.S. House of Representatives Nancy Pelosi said on Wednesday she was confident Democrats will meet a self-imposed mid-February deadline to win congressional approval of a massive economic stimulus package.

A sale sign at a shopping mall in Glendale, California, December 2008. US retail sales

US retail sales fell for the sixth straight month in December in a sharp consumer pullback that could signal the recession could be deeper than expected in 2009.

Retail sales plummet 2.7 percent in December

Retail sales plunged far more than expected in December, ending a dismal holiday season with a record sixth straight monthly decline, and there's no relief in sight as consumer demand remains weak.

Stocks tumble on disappointing retail sales

Wall Street extended its 2009 retreat Wednesday, falling sharply after the government issued a dismal reading on retail sales and investors grew increasingly anxious about the banking industry. Major stock indexes lost more than 2.5 percent, including the Dow Jones industrial average, which fell about 225 points, its sixth straight slide.

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