• US job losses hit record in 2008

  More US workers lost jobs last year than in any year since World War II, with employers axing 2.6 million posts.

• Iceland buys 51 Woolworths stores

  Frozen food retailer Iceland buys 51 former Woolworths stores, and says it plans to create 2,500 new jobs.

• Mandelson weighs help for car loans

  Lord Mandelson says the government is considering help for car finance firms but rules out help for vehicle manufacturers.

• Housing Slump May Be Bottoming Out

  New home sales fall to a 17-year low. Could this mean the end of the slump?

• Heating Oil Stolen From Building's Tanks

  Authorities believe a drill pump was used to remove the 400 gallons of oil.

• A look at job losses

  Carrie Lee is joined by Specialist Economics Editor Kristin Roberts and guest Diana Furchtgott-Roth, Senior Fellow at the Hudson Institute in Washington D.C., discussing the latest figures for job loss.

  
  
  

“He who fights with monsters might take care lest he thereby become a monster. If you gaze into the abyss, the abyss gazes into you.” - Friedrich Nietzsche

“When you are thirsty, it's too late to dig a well.” - Japanese Proverb