The Dow Jones suffered its biggest fall for more than six months amid market jitters about slower worldwide economic growth.

Recessionary signals boost rate hopes


New signs of weakness as US house sales fall


China puts the blinkers on news


Dow Jones plunges 86 points

The Dow Jones index dived almost 86 points yesterday after a string of poor profits news and fears that attempts to balance the government budget by cutting spending will slow the economy. It was the market's fourth decline in five days, made worse by two rounds of computer-driven orders to sell stocks.

ITT and Dow Jones to buy TV channel

ITT and Dow Jones have agreed to buy television channel WNYC-TV from the City of New York for $207m (pounds 129m) cash. The companies plan to create a business and sports channel offering professional and college sports from ITT and financial and

Record $11.4bn deficit hits dollar and shares


The party's nearly over

The party's nearly over

PEOPLE : Mayle hides from fame at the Hamptons

Toujours Long Island, Au Revoir Provence. It seems that the British author Peter Mayle has left his rustic bliss in south-west France, which he made famous with his four best-selling books, and settled in the altogether more sophisticated surroundings of the Hamptons at the east end of Long Island.

One eye on the stocks, one on the box

Charles Arthur looks at how PCs with TVs are helping City dealers to judge the Chancellor's sincerity

American fund to flee `bear market' in UK

The Z-Seven Fund, one of just two US closed-end investment trusts that specialise in London equities, is scaling back its British portfolio after spotting what it claims is an impending bear market.

MARKET REPORT Sparkling New York adds to the excitement

The FT-SE 100 jumped 38.8 to 3,050.6 and the FT-SE 250 index 16.9 to 3,332.5. Turnover was 736.8 million with 28,534 bargains.

World Markets

New York: Comments by the Federal Reserve chief on the absence of need for large interest rate increases saw the Dow Jones Average up 26.24 at 3,888.94 by early afternoon.

City & Business In Brief

PowerGen set for forecast PowerGen said it expected to announce a dividend forecast for the financial year to 2 April 1995 on 25 January. An extraordinary yesterday also approved the company's planned purchase of about 62.8 million of its own ordinary shares from the Treasury. The purchase will represent between 6.5 and 8 per cent of PowerGen.

IN BRIEF : World Markets

New York: In active trading shares moved lower, with weak bond prices again taking their toll. By early afternoon the Dow Jones Average was down 5.04 points at 3,852.27.

Market Report: S&N subject of rumours as shares recover ground

THERE were strong rumours yesterday that Scottish & Newcastle was set to pay up to pounds 200m to buy the freeholds on 320 of the 1,600 Chef & Brewer pubs it acquired last year for pounds 736m.
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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
Kate Bush, Hammersmith Apollo music review: A preamble, then a coup de théâtre - and suddenly the long wait felt worth it

Kate Bush shows a voice untroubled by time

A preamble, then a coup de théâtre - and suddenly the long wait felt worth it
Robot sheepdog technology could be used to save people from burning buildings

The science of herding is cracked

Mathematical model would allow robots to be programmed to control crowds and save people from burning buildings
Tyrant: Is the world ready for a Middle Eastern 'Dallas'?

This tyrant doesn’t rule

It’s billed as a Middle Eastern ‘Dallas’, so why does Fox’s new drama have a white British star?
Rachael Lander interview: From strung out to playing strings

From strung out to playing strings

Award-winning cellist Rachael Lander’s career was almost destroyed by the alcohol she drank to fight stage fright. Now she’s playing with Elbow and Ellie Goulding
The science of saturated fat: A big fat surprise about nutrition?

A big fat surprise about nutrition?

The science linking saturated fats to heart disease and other health issues has never been sound. Nina Teicholz looks at how governments started advising incorrectly on diets
Emmys 2014 review: Can they genuinely compete with the Oscars

Can they genuinely compete with the Oscars?

The recent Emmy Awards are certainly glamorous, but they can't beat their movie cousins
On the road to nowhere: A Routemaster trip to remember

On the road to nowhere

A Routemaster trip to remember
Hotel India: Mumbai's Taj Mahal Palace leaves its darker days behind

Hotel India

Mumbai's Taj Mahal Palace leaves its darker days behind
10 best pencil cases

Back to school: 10 best pencil cases

Whether it’s their first day at school, uni or a new project, treat the student in your life to some smart stationery
Arsenal vs Besiktas Champions League qualifier: Gunners know battle with Turks is a season-defining fixture

Arsenal know battle with Besiktas is a season-defining fixture

Arsene Wenger admits his below-strength side will have to improve on last week’s show to pass tough test
Pete Jenson: Athletic Bilbao’s locals-only transfer policy shows success does not need to be bought

Pete Jenson: A Different League

Athletic Bilbao’s locals-only transfer policy shows success does not need to be bought
This guitar riff has been voted greatest of all time

The Greatest Guitar Riff of all time

Whole Lotta Votes from Radio 2 listeners
Britain’s superstar ballerina

Britain’s superstar ballerina

Alicia Markova danced... every night of the week and twice on Saturdays
Berlin's Furrie invasion

Berlin's Furrie invasion

2000 fans attended Eurofeurence
‘It was a tidal wave of terror’

‘It was a tidal wave of terror’

Driven to the edge by postpartum psychosis