The US economy will avoid falling back into recession, and instead grow 1.7% this year, the White House predicts.

The New York Mets baseball team ends talks with Greenlight Capital hedge fund's David Einhorn about a possible $200m funding.

Japan's firms cut their investment in business expansion, showing continued worries about the country's economic growth.

New Japanese Prime Minister Yoshihiko Noda unveils his cabinet which will be charged with rebuilding the country and boosting growth.

The US housing finance agency is to sue more than a dozen banks over the quality of mortgages sold during the housing bubble, reports say.

More than a quarter of graduates who left university in 2007 were still not in full-time work three and a half years later, a survey suggests.

The London Stock Exchange confirms it is in early talks to buy Europe's last remaining independent clearing house, LCH.Clearnet.

European markets fall in early trading on fears of a new global economic downturn, as they await key US jobs data.