Australia may be nearing recession, index shows – Associated Press
SYDNEY, Australia (AP) — The outlook for Australia’s economy is its weakest in 20 years, raising the risk of a recession in 2009, according to an index of economic trends. The annualized growth rate of the leading index, compiled by Westpac Banking

Circuit City gets major break – Hampton Roads Daily Press
RICHMOND – A Mexican billionaire who owns a large stake in Circuit City Stores Inc. believes there’s great market opportunity in the company, even though it is under bankruptcy protection, a spokesman said Tuesday. Ricardo Salinas Pliego, who is on

Business advice for all UK firms from starting a business to flotation – New Business
Nearly 60,000 British businesses could go bust next year, with a raft of insolvencies particularly affecting small and medium sized businesses, according to recruitment firm Begbies Traynor. Around 20,000 job losses were announced last week by firms