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Macy'sFallen giants
Humbled US groups attract a following

Anna Fifield Underground economy
Anna Fifield on the Gaza tunnel entrepreneurs

* Martin Wolf Why Davos Man is waiting for Obama to save him
* John Thornhill A Russia united by anti-westernism
* Online gambling Hoping for a better hand

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FromCompanies11:41PM
Darling revives option of ‘bad bank’

Taxpayers might have to buy toxic assets

* • White paper to beef up bank supervision
* • Editorial Comment Fight foreclosure
* • European View Berlin raises stakes with JC Flowers
* • John Plender Many banks are bust
* • Opinion No need to be afraid of a big bad bank
* • Tories warn of ‘too big’ banks

FromCompanies7:45AM
Aviva to slash promised £1bn pay-out

Insurer says offer to policyholders no longer tenable

* • Aviva property fund forced to suspend trading
* • Aviva underlines capital strength
* • Aviva’s £1bn policy pay-out in jeopardy
* • Aviva reassures on solvency
* • Aviva to pay £1bn in life fund ‘milestone’
* • Lex Buoyant Aviva

FromWorld11:37PM
Twin blow for Obama as Daschle quits

‘I think I screwed up,’ admits president

* • Video Chrystia Freeland on Obama’s first test
* • Clive Crook blog Daschle steps down
* • Departures tarnish president’s ethics drive
* • Opposition takes heart at botched transition
* • In depth Obama’s first 100 days

Getty
FromCompanies12:43AM
BHP escapes fate of debt-strapped rivals

Chief says group well placed to buy assets

* • Turnround in fortunes as new WA mine shuts
* • Xstrata issue underwriters set for windfall
* • Rio investors reassured by Chinalco talks
* • Lex Rio Tinto
* • Lex Xstrata

FromUK11:32PM
Olympic contractors face marketing ban

Rules bar suppliers from issuing press releases

* • Challengers for Olympic orders
* • In depth Olympics 2012

FromUK10:49PM
Brown fights union demand to tighten law

PM anxious to combat protectionism

* • Olympic contractors face marketing ban
* • Short View Defining protectionism
* • Brown hardens line on illegal strikes
* • Editorial Comment Stay on message
* • Brown warned on boosting far-right groups
* • Q&A UK dispute over foreign workers

FromCompanies12:33AM
Disney profits fall over recession hit

Stock falls 10% on disappointing figures

* • In depth US downturn
* • Motorola scraps dividend after $3.6bn loss
* • UPS offers gloomy outlook
* • Free breakfasts on Denny’s menu

FromCompanies11:46PM
TPG ends talks over stake sale

Group discouraged by its ‘low valuation’

* • Video Henny Sender on private equity
* • Adapt or die, Kravis tells buy-out groups
* • Opinion ‘Masters of the universe’ must strike new tone
* • Lex Private equity
* • Private equity heads expect consolidation
* • In depth Private equity

FromCompanies5:21AM
Qantas reports 68% drop in profits

First and business-class bookings not deteriorating

* • In depth Airlines
* • Qantas plans A$500m share issue
* • Lufthansa issues optimistic forecast

Jamie Dimon JP Morgan chief
FromCompanies12:33AM
Dimon blasts political criticism

JPMorgan chief calls for clemency

* • Lex New world banking
* • Dimon urges US leaders to solve crisis
* • In depth US downturn
* • In depth Global financial crisis

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Executives face huge challenges in a recession
In depth

* 1Davos 2009
* 2Obama’s first 100 days
* 3Madoff scandal
* 4Credit crunch conversations
* 5Citigroup

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* 1Google and Nasa back new school for futurists
* 2UBS held talks with M Stanley on broker
* 3Beyond the age of leverage: new banks must arise
* 4Twin blow for Obama as Daschle quits
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