UK & USA Today Editoweb 26 january 2009

Barclays bank shares sky-rocket after bailout fears fade

The share price of Barclays soared on Monday, closing up 73 percent, after the group insisted it did not need a government bailout, following recent speculation to the contrary.

Accused Peer Recording Released

A recording of a discussion between a peer at the centre of a corruption controversy and an undercover reporter has been released by the Sunday Times.

Speed camera scam made thousands

The ringleader of a speed camera scam pocketed thousands of pounds in return for taking the blame for offences committed by other motorists.

Cash-for-influence claim 'shocking'

The "cash-for-influence" allegations against four peers are "deeply shocking", the leader of the House of Lords has said.

Sheep heads put through pub windows

Police are investigating after two sheep heads were thrown through pub windows before a FA Cup clash.

Caterpillar to slash 20,000 jobs as profit falls

Caterpillar Inc announced it would cut nearly 20,000 jobs and warned of a tough year ahead as a downturn that began in the United States metastasized into a full-blown global recession, gutting orders for earth-moving equipment.

Geithner seen winning Treasury job despite tax woes

Senators were expected to set aside their misgivings about Timothy Geithner's past income tax errors and confirm the 47-year-old New York Federal Reserve Bank chief as Treasury secretary on Monday night.

Home sales tick up but job cuts deepen gloom

An unexpected improvement in U.S. home sales provided a rare bit of good economic news on Monday, while companies announced more mass layoffs as the yearlong recession continues to take its toll.

Banks lead European stocks higher

European markets closed sharply higher Monday following an upbeat open on Wall Street and reassuring news from the battered banking sector.

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