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Times Online January 24, 2008

BUSINESS BULLETIN

Dear Reader

Visit Times Online today for dynamic business news and views, market charts and sector analysis, plus your chance to comment.

Also you can now download the first in a series of free podcasts exploring the business ideas that are changing the world. In it Sir James Dyson explains why engineering must change its own fate. Download the podcast at www.timesonline.co.uk/businessideas

Today's top stories

Citigroup cut jobs on recession fears

Bank reduces London staff as think-tank predicts 8,000 City job losses this year - 20 per cent up on its October forecast

Bailout triggers rally on Wall Street

Hopes of a bailout for America's bond insurers triggered a blistering, and much needed, rally on Wall Street yesterday

Taxman's faces £1bn bill after VAT battle

Revenue & Customs loses landmark legal battle on VAT refunds brought by the publisher of Vogue and Vanity fair

Energy body rejects cartel claims

Britain's biggest energy companies strongly reject Ofgem accusations that they engaged in anti-competitive behaviour

OTHER HEADLINES
Analysis chevrons

Markets need to see reason

The markets experienced gusts of panic offset by periods of calm, with the Dow Jones and the FTSE both sinking and rising
Markets chevrons

With plans in the pipeline, hold Tullow

Followers of Tullow Oil have more reason than most blue-chip investors to keep an eye on events in Kenya

Carlsberg plays down fears... Silverjet appoints Eilon

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