With Britain's real estate market continuing to struggle, many homeowners are deciding to renovate rather than take the risk of trying to sell and buy something new. Read more..

By SHELLEY EMLING - International Herald Tribune

With more losses in sight, the commercial lender suspended its dividend and announced the elimination of an additional 140 jobs. Read more..

By BLOOMBERG NEWS - The New York Times

The nation’s 19 biggest banks will start learning Friday how they fared in federal examinations — and which among them will need another bailout. Read more..

By ERIC DASH - The New York Times

Despite ending higher, the major indexes were on pace to post their first weekly drop after six weeks of almost uninterrupted gains. Read more..

By JACK HEALY - The New York Times

His plans foiled by a court a day earlier, Richard Li, the chairman of PCCW, said he abandoned his bid to privatize the company. Read more..

By BETTINA WASSENER - The New York Times

Pension experts predict that a government takeover of the plans at G.M. and Chrysler would spur other auto companies and all types of manufacturers to abandon such benefits for competitive reasons. Read more..

By MARY WILLIAMS WALSH - The New York Times

Hollywood studios say software that lets users save digital copies of DVDs hurts the movie industry. Read more..

By BRAD STONE - The New York Times

A record percentage of senior debt is on the lowest rungs of credit quality, making conditions favorable for the default rate on corporate loans and bonds to skyrocket in the near future. Read more..

By FLOYD NORRIS - The New York Times

The Treasury Department has reached an agreement in principle with the autoworkers union in the event that Chrysler, which is negotiating with Fiat, files for bankruptcy. Read more..

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