Hitchcock

Silverstein lost in admiration for giant’s growth

Craig Silverstein, who became Google Employee No 1, was blown away when he saw the initial demonstration of the search engine

Fannie Mae and Freddie Mac 'bailout near'

US Treasury close to finalising a plan that could involve a cash injection of billions of dollars into the two mortgage giants

Misery for traders as world economies plummet

Euro and sterling fall heavily, estate agents predict slow housing recovery and US unemployment figures shoot to five-year high

Misery for traders as world economies plummet

Euro and sterling fell heavily, estate agents predicted slow housing recovery and US unemployment figures shot to five-year high

US jobless near five-year high

Unemployment rose to 6.1% after companies cut 84,000 jobs last month, sending US stocks tumbling for a second day

Dow hit by 'financial tsunami' warning

Share index down 344 points after fund manager's warning comes on the back of poor retail results and rising unemployment

UN forecaster says global slump poses risks for UK

Heiner Flassbeck said that Britain faces an 'enormous risk' from a slump in global economic growth to below 2 per cent

Bennett starts 16-year jail sentence for Refco fraud

The commodity broker’s former chief executive pleaded guilty to criminal charges over a scheme to hide its financial problems

Tokyo Mitsubishi joins suitors for Lehman

Japan's biggest bank regards the potential to acquire US bank Lehman Brothers as a 'once in a lifetime' opportunity

Hedge funds face loss over Gustav

Several hedge funds face big losses after wrongly predicting that oil and gas prices would rise as a result of US hurricane

Coca-Cola reveals taste for Chinese juice

US group step up plans for soft-drinks dominance in Asia by making a $2.5bn (£1.4bn) takeover offer for China Huiyuan

US car sales skid as slump persists

Ford, Porsche and GM post double-digit declines in US as carmakers continue to struggle with uncertain economic conditions

Ex-Credit Suisse brokers accused of subprime fraud

Two US brokers were charged with fraud and conspiracy over deceptive sales of subprime-related auction-rate debt

Tokyo Mitsubishi 'interested in' Lehman

Japan's biggest megabank and a consortium involving HSBC are among those said to be circling the troubled US firm

Europe's weak hand in game of power

Vice-President Dick Cheney is a veteran of the Caucasus conflict and he is back, trying to rally support for a failing strategy

Koreans set sights on Lehman Brothers

Lehman Brothers shares rose 3 per cent amid speculation that it may be taken over by an 'all-Korea' consortium

US shares fail to sustain early surge

Wall Street's morning sprint was later offset by a slump in the stocks of energy and raw materials producers

Insurers expect $9bn Hurricane Gustav claims

Catastrophe insurers are facing a huge claims bill for damage after the Category 2 hurricane tore into the US Gulf Coast