The 20,000 employees of Motorola Mobility, the smartphone maker, got a taste of life under their new owner, Google, yesterday, when they were told that one in five of them would lose their jobs.

Paul Ryan has a plan for the US economy, but many Republicans fear it goes too far, writes Stephen Foley

US Outlook Standard Chartered was no rogue bank. In fact, it might have been one of the financial institutions that was most helpful to the US Treasury here as America has ratcheted up financial pressure on Iran over the past decade.

Rupert Murdoch's News Corp has scrubbed billions of dollars from the value of its newspaper publishing businesses and promised a big programme of cost cuts over the next year.

International sanctions are hurting Iran, but by hook or by crook – and sometimes by US-approved exemption – the country is not frozen entirely out of global trade.

US Outlook A few years ago, every trip I took back to the UK I had to stuff my suitcase full of Abercrombie & Fitch gear to hand out as gifts. The retailer's kind-of-preppy, kind-of-sporty polo shirts were practically a fashion uniform for the folks back in London. Not any more.

US Outlook No relief for the sluggish US economy this week, not from the Obama administration, not from Congress, not from the Federal Reserve.

US Outlook Si ves algo, di algo. If you see something, say something. It's written in all the subway cars here in New York City, a reminder we mustn't ignore suspicious packages or suspicious passengers. And as we trundled towards Wall Street station on Wednesday, I couldn't but think of it as a warning to stock-market investors, too. Si ves algo, di "algo".

Tom Joyce, chief executive of US market making firm Knight Capital, is fighting to save the company after revealing its rogue computer trading programme had caused $440m in losses.