The clients and partners of Dewey & LeBoeuf were last night picking up the pieces after the biggest-ever failure of an international law firm.

Up to 850 jobs at the bankrupt Coryton oil refinery in Essex are likely to be lost after administrator PwC announced it has failed to secure a rescue deal – despite talking to more than 100 potential investors and purchasers of the operation.

The parades of broken streetlights in Detroit – darkened by blown bulbs or by thieves who have made off with the wiring – have long been a symbol of the once-great city's long decline. But as the home of Motown and the Mustang is forced to downsize, its leaders have a solution: eliminate almost half of them for good.

The bus and rail firm Stagecoach spent £85m on buying nine businesses from its struggling US rival Coach America yesterday in an opportunistic move to bolster its fast-growing North American business.

The shot that killed Spencer Perceval still echoes around the corridors of power

Personal insolvencies declined by 1.2% in the first three months of this year compared with the previous quarter, the Insolvency Service said today.

Intercontinental ballistic missive

Lehman Brothers paid senior executives millions of dollars in the run-up to its collapse in 2008, new documents reveal.

A first edition of Oscar Wilde's The Importance Of Being Earnest, dedicated by the writer to his first gay lover, is going under the hammer.

Rangers administrators Duff and Phelps have been forced to delay the announcement of a preferred bidder for the Ibrox club due to proposed changes to Scottish Premier League rules.

Bankrupts could face losing their private pension income, according to a High Court judgment handed down last week.

Michael Misick, the former prime minister of the Turks and Caicos Islands, is feeling persecuted.

Former Rangers director Paul Murray stepped up his plans to launch a buyout of the beleaguered Glasgow club yesterday, amid fears that he would not be allowed to rejoin the board if his consortium succeeds.