America's sub-prime mortgage crisis is likely to claim the homes of 2m families, according to an influential Congress committee. By Andrew Clark in New York.

  Oil major to pay US regulators $373.5m over the Texas City explosion, an Alaskan oil spill and for price fixing.

  Troubled sportswear retailer loses its only senior non-executive director after a row over corporate governance. By Katie Allen

  The dollar was under pressure on the foreign exchanges today as fresh evidence of the weakness of the US economy intensified speculation about a cut in interest rates from the Federal Reserve next week. By Larry Elliott.

  Company says Chinese-made toys were manufactured with paint which includes an unacceptably high level of lead. By Graeme Wearden.

  Capita shares tumble after it loses the London congestion charge contract. By Fiona Walsh.

  Executive at Swedish telecoms equipment group pays for last week's profit warning with his job.

  A row blew up today over payoffs given to five executives of London underground maintenance giant Metronet, which went into administration because of huge cost over-runs. By Mark Milner.

  Electronics giant reported a jump in earnings in the last quarter fuelled by demand for digital cameras and flat-screen TVs. By Justin McCurry In Tokyo.

  Closing market report: The FTSE 100 was back on form today, up 94.3 points at 6576.3, as the miners recouped yesterday's losses, and positive results from France Telecom lifted the telecoms sector in the UK. By Marianne Barriaux.

  Sir Philip Green's retail arm increased profits this year despite the wet summer. By Fiona Walsh.

  News comes as Reuters announces a 7.6% increase in third-quarter revenues to £646m with strong sales in all areas despite the recent volatility in the world's financial markets. By Richard Wray.

  Low-cost airline bolsters its network with acquisition of Gatwick-based BA franchisee covering destinations across southern Europe and northern Africa.

  Another chapter of aviation history was written today as the world's biggest passenger plane, the Airbus A380 superjumbo, completed its first commercial flight.