Ford to open new plant in Mexico

Japanese bank to ask for capital
Japanese banking giant, Mitsubishi UFJ Financial, is to ask investors for up to $10.5bn (£6.85bn)to strengthen its financial soundness.

BAE firm in body armour pay-out
A subsidiary of UK defence giant BAE Systems has agreed to pay millions of dollars to the US government over defective body armour.

Tata abandons cheapest car plant
Tata Motors abandons plans to build the world's cheapest car in the Indian state of West Bengal following a row over land.

Spanish bank giant to acquire B&B
Spanish banking giant Santander is to acquire Bradford & Bingley's savings business, worth £20bn, affecting 2.6m customers.

Bank giant HSBC axes 1,100 jobs
HSBC announces it is to cut 1,100 jobs, blaming current market conditions for the decision.