Sports Calendar

US house sales figures beat forecasts

Stock markets approach 14-month highs after strong housing market performance offset disappointment over lower economic growth

Investor collapse puts New York homes at risk

A thousand tenants face an uncertain Christmas, not knowing whether they will be able to keep their apartments

Lloyds fined $217m for sanctions breach

US Treasury fines Lloyds for hiding transactions for clients in Iran, Sudan and Libya in breach of anti-terror laws

UK clears Ticketmaster's Live Nation merger

Competition Commission reverses its ruling in October which found that the deal may be anti-competitive

US warns of jump in fares if BA and AA merge

Department of Justice suggests giving up slots at congested airports or making route concessions to win approval

Spyker extends deadline for Saab offer

The Dutch carmaker, 30 per cent owned by Vladimir Antonov, the tycoon, gives GM more time to consider its latest offer

Microsoft's finance chief goes to General Motors

Carmaker has continued its top-level management shake-up by appointing Chris Liddell chief financial officer

Citadel broadcasting group goes into Chapter 11

Much of Citadel’s debt burden stems from its $2.7 billion purchase of ABC Radio from Walt Disney in 2007

Citi’s troubles begin with the boss

The bank's $20bn stock-offering did little to reassure investors that the bank would ever regain its global footing

Home of the gas-guzzler has new hybrid tenant

Google fined for online French books

A Paris court has put a spanner in the works for the internet giant's plans to digitise worldwide publishing

Citigroup's shares hit by US capital-raising

An attempt to raise $20bn has been branded a humiliation for the bank and US Government as it failed to attract investors

Federal Reserve vows to keep interest rates low

The American central bank gave a more cheerful assessment of the economy than it did after its meeting last month

FTC takes Intel to court over 'market abuse'

The US regulator is seeking relief that would prevent Intel's alleged manipulation of the prices of its CPU and GPUs

Surge in US home starts lifts recovery hopes

New home construction reverses decline of a month earlier, offering a further sign of improvement in the US economy

Boeing’s 787 Dreamliner finally takes off

Two and a half years late, the company’s first new plane in 15 years becomes airborne on journey towards 840 orders

Best Buy beats forecasts as profits quadruple

US electronics retailer benefits from the loss of rival Circuit City to deliver profits of $227 million for the quarter

Exxon Mobil buys 'unconventional' XTO for $41bn

World's largest oil company makes biggest acquisition since its merger 10 years ago in share deal for the natural gas group