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Times Online September 10, 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.

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Today's top stories

Wall Street dives as Lehman loses lifeline

Investors' confidence in the bank collapsed after talks fell through with the Korean Development Bank about a takeover

Oil price falls below $100 a barrel

Crude has fallen over 30% from July's peak as Opec oil ministers meet to debate whether to cut production levels

Darling fails to win over hostile unions

Chancellor failed to placate trade unionists by attacking City bonuses, saying that they contributed to the credit crunch

Resolution recruits Tiner as it heads for £1bn float

Clive Cowdery will list Resolution in November with John Tiner on board to restructure newly acquired financial groups
OTHER HEADLINES
Analysis chevrons

Promise in timing and track record

Clive Cowdery's plans for a £1 billion listed vehicle to snap up, reshape and sell on financial services assets is bold
Markets chevrons

IG Group continues to buck the trend

The bigger issue is for how long IG can keep growing in what remains a bear market for many of the assets on which its clients bet

Cobra Beer bid ... Renault cuts ... BG Group defeat

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