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Analysis
European business: backed up
The financial crisis is touching the real economy as demand dwindles and corporate investment is shelved
Principal content
Credit crisis hits GE finance unit
General Electric reported a 12% drop in quarterly profit, meeting a forecast the conglomerate had lowered two weeks ago, as the credit crisis crimped results at its financial services business
Banks analyse fine print of bail-out
Shareholders confused about consequences
Japanese insurer Yamato Life collapses
First Japanese insurer to fail in seven years
Severstal plans steep production cuts
Latest sign of downturn in steel industry
BA says 450 managers to leave
Airline had offered voluntary redundancy to up to 1,400
Vodafone makes offer for Vodacom
Bid of R22.5bn for controlling stake
Sir Alan Sugar acquires Woolworths stake
Retailer sells store leases to Tesco for £9m
Japanese drug group buys rival for $2bn
Industry undergoing rapid consolidation
Citi pulls out of Wachovia battle
Wells Fargo looks set for $11.7bn deal
C4 pulls plug on digital radio plan
Blames economic downturn
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