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Honda quits F1 as financial crisis bites

Sport’s financial crisis deepens as Brawn breaks news, prompting flood of calls from staff to other racing teams

China’s Yanzhou Coal courts Australia’s Felix

Deal believed to be worth A$3bn

AT&T cuts 12,000 jobs

Latest US carrier to cut capital spending

Credit Suisse to cut 11% of staff

Bank loses SFr3bn in two months

US retailers suffer worst month this decade

Wal-Mart again outperforms rivals

Big Three open to oversight

Focus on efficiency and production costs

Nokia cuts forecast for handset sales

Mobile phone maker expect 5% decline

Philips warns of speed and depth of recession

Group will not meet targets

Analysis: Dark side of the boom

EMI: It has turned into a hard slog for Hands

Nippon Oil agrees merger with rival

Deal creates eighth-largest oil major

Related content and features

Blogs

Broadcast.com reverts to radio

Techblog: Yahoo announced it had reached agreement with CBS Radio to take over the running of its 150 Launchcast internet radio stations from early next year, writes Chris Nuttall

Video

View from the Top: Dominique Strauss-Kahn

The managing director of the International Monetary Fund talks to Chrystia Freeland, Financial Times US managing editor, about the response of the richest countries to the economic crisis

Conversations on the credit crunch

Eric Daniels, chief executive of Lloyds TSB, talks to Financial Times editor Lionel Barber about the future of the banking industry, the downturn in the real economy and how long the crisis could go on for