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HBOS chief warns credit crunch to last

The chief executive of home lender, HBOS <HBOS.L>, warned on Saturday that the credit crunch was likely to last until early 2010.

U.S. plan for Fannie and Freddie to hit shareholders

The U.S. government plans to take over Fannie Mae <FNM.N> and Freddie Mac <FRE.N> and all shareholders of the two mortgage giants will take a hit, an influential lawmaker said on Saturday.

Boeing machinists walk off the job as talks fail

NEW YORK/EVERETT, Washington (Reuters) - Boeing's <BA.N> 27,000-strong machinists' union walked off the job on Saturday after the plane maker failed to improve its contract offer following two days of emergency talks.

Alitalia adviser to meet BA on rescue plan

Alitalia's <AZPIa.MI> adviser will soon present its rescue plan for the airline to British Airways <BAY.L>, considered by Italy as a possible foreign partner for the bankrupt airline, an executive told a newspaper.

Elson to front biggest ever John Lewis campaign

Department stores group John Lewis <JLP.UL> announced its biggest ever fashion advertising campaign on Saturday, stepping up competition in a market suffering from weaker consumer spending and a wet summer.