Jeremy Warner: There goes another Murdoch lieutenant

Outlook Peter Chernin's resignation as chief operating officer at News Corp will come as no surprise to followers of Rupert Murdoch's far-flung media empire. Mr Chernin is only the latest in a long line of executives to realise that unless your last name is Murdoch, you are never going to get to be top dog.

Jeremy Warner: Ninety per cent mortgages courtesy of the taxpayer

Outlook: The debt overhang of the boom has to be removed before a proper recovery can begin

Jeremy Warner: In half-hearted defence of hedgies

Outlook: Hedgies are speculators – no more, no less – and a lot of them aren’t even particularly clever

Jeremy Warner: We don’t need this many car-makers. Get used to it

Outlook If there was no future for Saab under General Motors’ ownership, there certainly won’t be as an independent entity. It’s still possible that a reluctant Swedish government might be persuaded to add the company to Sweden’s growing list of publicly owned enterprises, but absent of nationalisation, it is hard to see how else Saab can stagger on, even as a much-reduced, restructured organisation. Saab owners swear by them, but the company that makes these distinctively styled marques has always been sub-scale and struggled to make a profit even in the good times.

Jeremy Warner: Commercial property takes a terrible bath

Outlook A couple of years ago, when it looked as if we were app-roaching the top of the cycle, I asked a number of property companies how they expected to cope in a downturn. Remember, many commercial property developers had been completely wiped out in the recession of the early 1990s.

Jeremy Warner: Watch out for bond yields as public debt spirals out of control

Outlook So maybe bumper City bonuses weren't such a bad idea after all. City bonuses, together with the soaraway profits that their sponsoring organisations once used to make, have been helping sustain the public finances for years. Now they are largely gone, and the public finances are looking sicker than at any time since the immediate aftermath of the Second World War.

Jeremy Warner: Crisis envelops eastern Europe

Outlook Eastern Europe is the latest shoe to drop in the credit crisis. It's been bubbling up for ages, but exploded fully into the open this week when Moody's warned that it might downgrade the credit ratings of Western banks active in eastern Europe and the former Soviet bloc. Austrian banks are particularly heavily exposed.

Jeremy Warner: Thanks Dave. That’s just what investors needed

Outlook To believe the way they are reported in published company accounts, there is no problem with pension fund deficits right now. Some of them are obviously whoppers, but across the piste, defined benefit pension schemes look to be marginally in surplus. Unfortunately, this is just a trick of the accounting light.

Jeremy Warner: Bank resorts to extreme solutions. Possibly lethal too

Outlook Quantitative easing (QE) here we come. QE is the fancy term for increasing the money supply, or turning on the presses and printing money. Nothing exactly like it has been tried before on these shores, but something similar has, and on virtually all occasions it has proved disastrous.

Jeremy Warner: L&G attempts to reassure on bonds

Outlook Tim Breedon, chief executive of Legal & General, hopes to put the lid on negative talk of rights issues and dividend cuts with yesterday’s statement on the group’s capital position. Has he succeeded? Precedent from the banking sector, where attempts to reassure have repeatedly been overtaken by events, would suggest not. With the mood in markets deeply bearish, analysts and investors seem unwilling to listen to the positive.

Jeremy Warner: In attacking deflation are we not just stoking inflation?

Outlook To believe the noise, we are already in a 1930s-style deflation. Yet inflation figures announced yesterday show that we are not there quite yet. To the contrary, consumer price inflation (CPI) was still a way above target 3 per cent last month, while even the retail prices index (RPI), which takes account of plummeting mortgage and housing costs, is still above zero, albeit only marginally.

Jeremy Warner: Japanese horror show reveals depths of the global slump

Outlook: The data just keeps on getting worse and worse. The 3.3 per cent reduction in GDP reported yesterday by Japan for the final quarter of last year is by far the largest economic contraction for any of the big developed nations announced so far, and dwarfs anything that Japan experienced during its infamous "lost decade" of growth during the 1990s.

Jeremy Warner: Lloyds only has itself to blame for HBOS misery

Outlook: Is the mess Lloyds TSB has got itself into by acquiring HBOS down to the Prime Minister? It suits the Opposition's agenda to argue as such, but it is a long way from the truth. The reality is that both Sir Victor Blank, the Lloyds TSB chairman, and his chief executive, Eric Daniels, were hot to trot.

Jeremy Warner: Rights issue queue just keeps building

Outlook: There are not many things about the credit crunch that hand on heart I can claim to have seen coming, but I did repeatedly warn about the idiocy of share buybacks and leveraged takeovers. These fashions were in fact two halves of the same coin – they were about replacing equity with debt in the mistaken belief this was a more "efficient" use of capital.

Jeremy Warner: Right way forward for Rio, or another Chinese takeaway?

Outlook In attempting to address its short-term financing needs, Rio Tinto seems to be selling its soul. With credit about as scarce as hen's teeth, lots of companies are facing a similar dilemma – sell choice assets for bottom-of-the-market prices, or go down.

News
Hewlett-Packard has accused Oracle and CEO Larry Ellison of 'harassment'
On Thursday, Oracle announced its co-founder Larry Ellison would step down as chief executive. This is what you need to know about the fabulous life of the software mogul.
News
Pro-union activists rally opposite of pro-independence supporters in Glasgow's George Square, in Scotland
Scotland has spoken. But what are the implications for GDP growth and living standards for the UK economy now?, Ben Chu explains
News
The campaign has left much of Scotland divided
After the shrillest campaign of fear from the financial and corporate community, the Scottish people decided to vote "no"...Or as City traders would say, to adopt a "risk off" strategy
News
Marissa Mayer, CEO of Yahoo!
Yahoo owns a 22.5% stake in Alibaba after making a $1bn investment- but IPO could be a make or break moment for Mayer, says Oscar Williams Grut
News
Lionsgate is funding British films using the money made from global hits such as ‘The Expendables’ series
The chief executive of film distributor Lionsgate tells Ian Burrell why more movies should be both made and set in the UK and why ITV and BSkyB should play their part
News
A pedestrian walks past Alibaba.com advertising in Hong Kong.
The countdown for Alibaba's New York float has begun and the stage is set for what could be the biggest initial public offering of all-time. Here is what you need to know.
News
Video: The Independent's Alex Lawson provides a run-down of the day's major news from the City
News
Jack Ma founded Alibaba in 1999 with a website offering 22 items. It now accounts for 70 per cent of all packages delivered in China
E-commerce behemoth on track to become the biggest IPO in history
News
Americans are less fussy when it comes to shareholder rights and Alibaba is taking advantage to ensure Jack Ma remains in the driving seat, writes Anthony Hilton
News
A Yes vote does not deliver independence; it delivers a negotiation to secure the terms of independence. But once politicians start negotiating, anything can happen.
News
VIDEO : Get the latest business news from our City staff
News
While the Canadian province eventually voted No, the years of uncertainty caused banks to move elsewhere and damaged GDP. Mark McSherry ponders a similar fate for Scotland
News
Phones 4U stores will remain closed while talks continue with parties interested in acquiring the business
The mobile phone retailer’s demise is a tragedy for its employees, but just business sense for those responsible, Alex Lawson and Simon Read report
News
The Deputy First Minister of Scotland, Nicola Sturgeon (right), is joined by the leader of Welsh nationalist party Plaid Cymru Leanne Wood (centre) as they pass a bookmakers during a walk-about to meet the Scottish electorate
There’s a lot riding on Thursday’s poll, not least among bookmakers and punters such as Russell Lynch , who would like a referendum that makes them a little richer
News
Latest figures say export growth in Britain has slowed to its lowest point since April, while factory output is at its weakest since the start of 2013
The underlying trend in  factory output is its weakest since the start of 2003, writes David Blanchflower
News
Alex Salmond and the nationalists reject claims that Scotland's economy would suffer if the UK broke up
Ben Chu looks at what could happen if the 'yes' campaign triumphs in next week’s independence referendum
News
Emissions policies will raise the cost of steel making
As Europe pursues anti-pollution measures, steel producers are warning that steeper costs will drive customers away, writes Thomas Biesheuvel
News
Such an outcome would be the worst result for Scotland, says Mark Leftly
News
Samuel L Jackson at the annual event
The company donates its global revenues on the day to hundreds of charities
News
Véronique Laury takes over as Kingfisher’s chief executive from Sir Ian Cheshire in January
More than half the UK population is female but she will become only the fifth FTSE 100 female chief executive, says Laura Chesters
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