Madonna-Guy Ritchie, £60m divorce payment inaccurate

Madonna revealed that £60m divorce payment were misleading and inaccurate.

$2.2bn blow at Morgan Stanley bank

US banking giant Morgan Stanley bank suffered loss of $2.2bn in the forth quarter and cuts its bonus poll by 50%

An Improvement on last years losses of $3.49bn same period

UK: unemployment figures 1.07M in Nov.

The unemployment jumped by 75,700 to 1.07M in nov'08 the, the largest jump in 19 yrs.

OPEC to cut production by 2.2M barrels

OPEC aggred to cut Crude production to a extent of 2.2M barrel per day in order to control the oil prices, but still the could stop the price falling!!

First-time buyers get £100m boost

First time buyers with a combined income of less than £60,000 will receive government boost in the form of 5 year interest free deposit loans so they can get a mortgage for a new build property.

This move could help arround 10,000 first-time buyers.

Inchcape to cut costs and jobs by 1,900

Decline in global car sales and due to finanacial issues, Inchcape is reducing cost by cutting 1,900 jobs.

Premier foods looking for £700M

Premier foods owners are looking for £700M to tackle the credit crunch(debt pile). It owns brands like Hovis Bread and Mr Kipling..