Britain’s services sector contracted last month by the most since October 2001 and banks said they would curb lending further in the third quarter. Read more..

By BLOOMBERG NEWS - The New York Times

A former Morgan Stanley vice president and her husband, a former hedge fund analyst at ING Investment Management, agreed to settle federal regulatory claims that they illegally traded stocks using inside information. Read more..

By BLOOMBERG NEWS - The New York Times

Continental Airlines and two of its employees have been ordered to stand trial on involuntary manslaughter charges related to the 2000 crash. Read more..

By ALAN COWELL - The New York Times

The British economy, like that of the U.S., may be headed for recession, and the reasons are similar: the collapse of a once red-hot housing market and rising inflation. Read more..

By DAVID JOLLY - The New York Times

A former private banker at JPMorgan Chase is under investigation, suspected of making illegal money transfers, according to federal authorities and court documents. Read more..

By LYNNLEY BROWNING - The New York Times

Samuel Israel III, the hedge fund manager who fled after faking a suicide, went to prison on Thursday, 25 days late. Read more..

By ABHA BHATTARAI - The New York Times

Starbucks’s biggest mistakes and greatest challenges boil down to three words: location, location and location. Read more..

By BRAD STONE - The New York Times

The unemployment rate held steady as 62,000 jobs disappeared in June, the Labor Department reported. Read more..

By LOUIS UCHITELLE - The New York Times

Another big corporate buyout fell apart as Penn National Gaming announced that it had terminated its $6.1 billion sale to two private equity firms. Read more..

By MICHAEL J. de la MERCED - The New York Times