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Blackstone aims to swallow Birds Eye Food

Private equity firm's Pinnacle business is set to pay $1.3bn for American company that pioneered flash freezing

Morgan Stanley chief: 'We can't control ourselves'

John Mack, the outgoing chief executive of Morgan Stanley, says that Wall Street banks need stricter regulation

Goldman names 272 new managing directors

This year’s class of managing directors comes close to 2008’s record 299 promotions in a sign that good times are back

Google Chrome launch takes fight to Windows

The PC version of Google's long-awaited rival to the Windows operating system will be available free of charge

Drop in US home builds exposes fragile market

Figures show that housing starts dropped 10.6 per cent in October as homebuyers remained cautious about the market

Citi discloses pay cuts for top executives

Compensation changes at Citigroup are rare glimpse into cuts America's Pay Czar has made to individual bankers' pay

Jacobs to replace Wasserstein at Lazard

The bank's North America chief executive is to take the top post after the death of 'Bid 'em up Bruce' last month

Goldman boss says sorry and pledges cash

‘We participated in things that were clearly wrong,’ admits chief executive of bank’s role in global financial crisis

Nearly 15,000 Americans confess after UBS pact

More than double the expected number own up to holding secret offshore bank accounts under US amnesty for tax cheats

Home Depot profit drop better than expected

Largest home improvement retailer in the US reports positive signs although the trading environment 'remained difficult'

Geithner 'missed chances' to cut cost of AIG rescue

Report into the $182bn bailout finds banks refused to take cut on money they were owned by the US insurance giant

US spars with China over weak currency

President Obama seeks a rise in the yuan to boost US exports but Hu Jintao hits back to warn over protectionism

Dollar slides despite Fed Chairman’s support

Ben Bernanke makes a rare comment about America's currency, which has been hit by investors' flight to riskier assets

GMAC chief executive Molina resigns

Beleaguered financial services company confirms departure of leader tipped as candidate for top job in Bank of America

Bernanke throws weight behind dollar

Fed chairman says central bank is closely monitoring value of US currency, but greenback drops to 15-month low

Galleon's Rajaratnam seeks to unseal Khan records

Hedge fund founder asks court to open records of an earlier criminal charge against the Government’s main witness

US gun sales shoot up amid crime fears

Buyers are concerned that rising unemployment will lead inexorably to higher crime rates

Cazenove’s American gamble pays off

A deal that would finalise the stockbroker's joint venture with JP Morgan is expected within the next few weeks