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    Last update: December 22, 2009

    +Google profits leap 46%
      Internet giant's performance at the top of the range of Wall Street analysts'expectations. By Andrew Clark in New York.

    +Rock-bottom electricals keep retail sales buoyant
      High street records strongest sales growth for three years - but stores slashed prices to persuade consumers to part with their money. By Ashley Seager.

    +Bank of America reveals credit crunch exposure
      Chief of US's second largest bank orders a wholesale review of its investment banking operation after admitting that its performance was 'not acceptable'during the summer's global crisis in the credit markets. By Andrew Clark in New York.

    +Umbro gets bid approach
      Shares in England football shirt-maker soar 27% despite increasing likelihood that national team will not make it to Euro 2008 finals. By Graeme Wearden.

    +Lending figures on a downward trend
      Higher interest rates appear to be cooling demand in the housing market. By Angela Balakrishnan.

    +Microsoft flop costs DSG £20m
      PC World and Currys group says sales of Vista have disappointed.

    +Murdoch reveals WSJ plans
      News Corp head wants to move the Wall Street Journal beyond its financial roots and target mainstream competitors such as the New York Times. By Bobbie Johnson in San Francisco.

    +Japan enters the age of silver divorces
      With wives now entitled to half of their husbands'pensions, experts are predicting a glut of divorces among the middle-aged. By Justin McCurry in Tokyo.

    +BA deal talk gets off the ground again
      Closing market report: Talk of possible deals and mergers in the airline industry saw British Airways'shares soar today. By Nick Fletcher.

    +Markets motor ahead - but never see the ice on the road
      Cheap money has pushed thoughts of a crash out of bankers'heads, but could it happen again, asks Nils Pratley.

    +Darling under pressure over capital gains tax
      Report claims changes will undermine the attractiveness of the UK as a place to create a small business.

    +European business leaders pressure G7
      Lobby groups from France, Germany and Italy are stepping up pressure on G7 finance ministers to agree measures this weekend to stop the single currency rising and hitting the European economy. By David Gow in Brussels.

    +Bank says it refused £30bn subsidy for takeover
      The Bank of England reveals for the first time that it refused to offer £30bn of subsidies to a bidder for Northern Rock at the height of the crisis facing the Newcastle-based bank.

    +Don't neglect poor for sake of the environment, says World Bank boss
      The west will fail to combat global warming unless it can convince deeply sceptical poor nations that the fight to reduce carbon emissions will not come at the expense of poverty reduction, Robert Zoellick says.

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