US jobless rate increases to 8.1%
The number of people unemployed in the US rose by 651,000 in February, official figures show.
March 6, 2009
US unemployment rate hits 8.1%
US job losses over the past 12 months rose to a record 5m according to official statistics, as employers in the world’s largest economy shed more than a half million workers for the fourth month running in February, adding to the severity of the economic downturn
Wolseley turns to investors for £1bn
Building materials group restructures finances and strategy in addition to job cuts as it tries to reduce costs, save cash and stave off its bankers
Bank Charges May Surge as Mortgages Marked to Market (Elliot Blair Smith/Bloomberg)
Elliot Blair Smith / Bloomberg: Bank Charges May Surge as Mortgages Marked to Market — Patricia Greenberg’s townhouse in Irvine, California, was losing about $10,000 a month in value when she received a letter in February 2008 that looked too good to be true: An investor was offering to …
Bank pumps £75bn into economy
The Bank of England opened a new chapter in its monetary policy handbook by creating £75bn of new money to pump into the economy over the next three months
Mortgage hunters urged to save for a deposit
Mortgage hunters urged to save for a deposit
Barclay’s Wealth launches new investment product
Barclay’s Wealth launches new investment product